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A prototype is a version of your product that is built quickly by you alone, and serves to show that your idea is feasible in the real world. If it would be too expensive to build the whole thing, then just building the new part that differentiates you from your competitors is good enough. . . Read More.
Chapter 3 - Protecting and licensing your Home Business Ideas
Invented Something to sell from your Work from Home Business? Get a Patent. There is one kind of home business that is very different to any other: that of the inventor. If you’ve invented something, the chances are that you don’t have the resources to mass-produce it yourself – you’ll be needing to send the plans and designs off to someone else to make in their factory. When you do this, though, how can you protect your idea against theft by them, or anyone else who might see it? The answer is patent registration. . . Read More.
Do You Need a License for your Work from Home Business? - Regulated Industries. I once knew a guy whose great idea for a ‘home business’ was to run poker tournaments from his house. Needless to say, that didn’t last long once the police heard about it.
If you think you’ve got an idea that’s going to make you big money, there might be a reason why everyone else isn’t doing it – and that reason could be related to the law. Many types of businesses are strictly regulated and controlled by governments. . . Read More
Chapter 4 - Starting your Home Based Business - Getting down to the serious stuff!
Getting Help and Advice on Starting a Business.
When you want to start a home business, it can be easy to feel alone, confused, and scared. The chances are that you don’t know anyone else who’s ever started a business, and you don’t even know who to ask if you get stuck. Here are a few things you ought to be looking at.
The Internet.
The Internet is a great resource for people who are thinking of setting up a home business – as well as all the articles you can find with practical advice, there are also many forums, where you can read about others’ experiences, and ask questions. . . Read More
Preparing Yourself Mentally for Business.
People say that starting your own business is difficult. Guess what? They’re not kidding. Starting a business, in many ways, is a lot like having a child – and would you just have a child without thinking it through first? Before you get started, there are lots of things you need to think about and discuss with anyone you can. . . Read More
Writing a Business Plan for your Home Business.
So you've reached that stage where you're ready to get your home business started in every way except one: you need money. Whether it comes from a loan or from investors doesn't really make too much difference, since there's one thing that they all need to see before they'll give you a cent. That thing is your business plan. . . Read More
The Next Step: a Marketing Plan for your Home Business. Many people include their marketing plan as a section in their business plan. Really, though, marketing is important enough that it deserves a plan of its own, separate from the technical details of the business. Here’s what your marketing plan should include. . . Read More
Planning For Every Expense of Your Home Business.
Making a budget for a home business start-up is more of an art than it is a science. No matter how exactly you think you’ve pinned down all your expenses, it’s guaranteed that more will appear that you either didn’t think of or just couldn’t have predicted. That’s why you need to make sure that you always plan for every possible expense. . . Read More
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