homebiznotes.com

August 22nd, 2007

Insurance, Taxes & Licensing Issues for a Home Business

This article in Business Week, Before Setting Up Shop on eBay, by Karen E. Klein, provides tips to consider about insurance, taxes, licensing, permits and other similar issues before setting up your Home Business.  Even though it may be an online business, rather than one with customers coming to a shop in your home, you may find several legal and regulatory matters to take care of first.

These regulations may vary from state to state, county to county, and even town to town.  However, it’s better to be aware of them before you begin.

Ms. Klein mentions the book, eBay for Dummies, by Marsha Collier and quotes advice from her.

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By Mary Emma Allen -- 2 comments

February 6th, 2007

5 Advantages of an Internet Based Home Business

Many home business owners are taking advantage of the Internet for their operation.  Some combine Internet sales and promotion with a shop in their home.  Others conduct their business solely via the Internet.

What are some of the advantages of this ever growing innovation in business?

*Less Investment - Generally the investment for an Internet based home business is less than that of the traditional business, even when a shop may be in your home. 

*Many Opportunities - Business on the Internet or conducted by using the Internet is growing every day.  Creative business people are finding new products and services that can be promoted and sold this way.

*Can work from home or wherever you have Internet access - You aren’t restricted to one location for many Internet based enterprises.  If you do have to travel, want to take a trip, go on a vacation, you’re still in contact and can conduct business as long as you have access to the Internet and can get e-mail.

*Can work all over the world without leaving home - You can find online assignments from people around the world.  With banking systems, such as Paypal, you also can receive payment fairly easily from businesses and individuals in other countries and your own.  You also can work on projects with people from other parts of the globe.

*Can work in a casual atmosphere - Work can be more on your terms, as far as when you’ll do it, as long as you get it accomplished.  You can be more flexible where you work in your home, too.  For some businesses, such as online sales, you may need storage and shipping areas. 

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By Mary Emma Allen -- 2 comments