If you’re not quite ready to open a brick and mortar storefront for your business yet, our ABC’s for business this week focuses on the next best bet for your start-up – a home based business. Operated out of the home of the owner, the advantages that starting your business from the homestead include:
-the ability to create a flexible schedule that accommodates your lifestyle
-minimized cost of initial expenses which allows you to keep to and stick to a budget when first starting out
–home cost deductions on income taxes
-a much shorter commute that allows you more time to focus on your business
Whether you plan on opening up a full home office or even an Etsy storefront from your laptop, you’ll still need to properly incorporate your business and ensure that you have a business license to operate out your state with. Check out our incorporation page at our learning center to find out more how an incorporation can benefit your new business before incorporating today. Once you’ve filed your paperwork and are ready to focus on your new company, we also offer 10 ways to effectively market your home-based business – with most of our tips budget friendly and easy to implement!