Launching a home-based business, particularly during an economic recession, can seem particularly attractive to small business owners or entrepreneurs
. However, this leap from a brick-and-mortar office to working in your PJs isn't as simple as it sounds and it is recommended you do your homework before making any major decisions.
In an office, there is someone else to handle the accounting, bookkeeping and information storage. When working from home, you must handle this all yourself. Provided you are good with figures, you may be able to tackle this on your own, but keep in mind that if a client wants a report by day's end, it will be a bit trickier. You can research consultation options or consider a web-based program to handle this.
Another major consideration you must make is how you will accept credit cards and operate an ecommerce website, two functions that are a must of any business in this day and age. For ecommerce, it is possible to set up direct payment via merchant services, thus bringing everything online, which would also help with accepting credit cards.
Other issues to keep in mind include web design, marketing and IT.
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