Need a Home Based Business Idea?

Been looking for a home based business idea and don’t know where to start looking? Well, here’s lots of great information to get you started. The Following is a list of Home Business Ideas for your metro area! Let’s talk about how to start your own business with one of these ideas.

Remember, this is not a COMPLETE list but simply a start to get the idea juices flowing in your mind. Owning your own business is the dream of many a budding entrepreneur and it’s a pleasure to welcome you to your future. Let’s take a look at the following starters.

  • Arts related business ideas:

Antique Refinishing and Repair

Appraisals – Art, Antique, etc.

Art Dealership



Costume Design


Film Production

Illustration/Graphic Arts

Music/Dance Lessons



If this list doesn’t contain your art interests, that’s OK.

If you have one in mind, then pursue that.

  • Business Services:

Why not start your own business in:


Advertising/Public Relations

Answering Service


Billing Service



Collection Agency


Coupon Clipping Service

Data Processing

Detective Agency


Entertainment Bureau

Home Economics


Interior Design

Inventor’s Bureau


Messenger Service

Personnel Agency/Executive Recruitment


Software Development and Sales

Stationery-Design and Production

Technical Writing

Telephone Solicitation/Surveying

Trade Show/Convention Organization


Typing/Secretarial/Word Processing


  • Retail Business:

Furniture Retail

Furniture wholesale

Home Retailing & Selling (Amway, Avon)

Mail Order

  • Trades and specialized areas:




Landscape Design/Gardener/Horticulture

Vegetable Growing & gardening specialist


  • Miscellaneous Businesses:

There are all kinds of niche areas you can consider as

well if that’s where your interest lies.

Candy Making



Dog/Cat Breeding

Dog/Cat Grooming


  • Personal Services:


Baby Items/Stork Deliveries

Babysitting/Day Care

Beauty Salon/Barber/Beauty Consultant

Bed and Breakfast

Chimney Sweeping


Cooking Lessons


Dentist’s Office

Doctor’s Office

Gift Basket Service

Important Dates(Reminder Service for Birthdays, Anniversaries)

Insurance Agency

Lawyer’s Office

Limousine Service

Mobile Home Rental Registry

Party Planning

Plant/Pet/House Sitting

Private Investment

Real Estate

Resume Writing


Shopping Service

Sports Lessons

Telegrams-Singing, Cookie, Balloon

Tours, Transportation Services (Children, Seniors, etc.)

  • And more here:

Travel Agency


Clothing Design

Doll Manufacture and Repair

Furniture Manufacture and Repair

Jewellery Design and Repair

Repair-Electrical, Appliance, etc.

So do you think you could start your own business by choosing one of these as your home business or another one that isn’t on the list? The next thing we need to do is show you how to choose a business that best suits you, your personality and experience. Then show you how to set up your business and how to market both it and you.

We’ll cover that in our next article.

How to Stay Motivated to Save and Invest

Saving and investing is one of the best ways to succeed financially but are you finding it hard to stay motivated to save? Motivation is one of the blocks that stand in the way of saving, particularly for retirement as it seems so long away. Let’s look at ways to keep you motivated.

Set your goals and for long-term goals break them into smaller chunks so that you can see your progress. For example, if you are saving for retirement set yourself a level of investment that you want to achieve within two-year intervals. These are your sub-goals. This makes the task less daunting. You can watch your progress and give yourself a boost. When you have achieved your sub-goal give yourself a reward. It doesn’t need to be expensive but something that allows you to celebrate.

Share your goals with someone else. By doing this you know that someone else knows what you want to do and you won’t want to admit that you couldn’t do it. Pick the right person to share with, someone who will be likely to encourage you and help you to get it done.

When you set your goals make them SMART: specific, measurable, achievable and time bound. You will need to know how much to save to get to your goals and what the figure is you are aiming for. Revise your goals in the time that you set yourself. It’s easier when you know where you are heading and how you are going to get there… and when you are supposed to arrive.

A note here: make sure the goal is yours and not someone else’s. You are more likely to achieve what you want than what someone else thinks you should have.

When you revise your goals make sure that they will still meet your needs. If you are saving a house deposit the prices of houses may have risen. Ask yourself if you are still going to achieve the deposit you set or do you need to have a larger sum. Your plan will allow you to know when changes need to be made.

Make sure you write down your goals as experience has shown that you are more likely to accomplish goals when they are in writing. Go a step further and illustrate your goals with pictures of your goal. For those who are visual this will help to keep you motivated.

The setting of goals is part of the process of controlling your money and it is part of your budgeting. If it is something that you really, really want, and have your heart set on it, this makes achieving your financial goals much easier. Sometimes you need to make sacrifices to get what you want so look back on your achievements and be proud that you stayed motivated to save.

Starting a Home-Based Business Part 1

What the wise do in the beginning, fools do in the end.

Do you own a home -based business, or are you considering owning a home-based business. Knowing the tax benefits may assist you in planning your move wisely, or preparing your taxes accordingly. 

Most home-based businesses are run as sole-proprietorships, where all business income and loss is shown on a IRS Schedule C of your personal 1040 tax returns. One of the benefits of owning a home based business is most losses you incur as a sole proprietorship carry through  to W2 income.

Example:  As a salaried professional making 75,000.00 a year, opens a small home-based business and has additional income from home-based business of $12,000.00 for first year in business, but the business also has a loss of $14,500.00. The $14,500.00 loss first goes against the income from the home-based business and then any difference will go against income from W2 wages. Thus reducing taxes normally paid on the W2 income. This is one reason many people venture into a home-based business is for the deductions. 

The home based business must be a legitimate business. The business must be run like a business not a hobby, and should show a profit some time during the first five years. I will explain in detail as we go through the process of becoming a legitimate home-based business.

Step #1: Plan Ahead. Plan before you commit. Having a plan and knowing what you want to do and how to do it is the key initial step any business owner should adapt. By having a plan to follow will insure a more successful outcome than those without a plan.

Failure to plan can cost you serious money and headaches in the future. Planning reduces financial risk as well as providing written proof if questioned or audited by the IRS that you are in business to make a profit vs. a business being worked as a hobby.  This will be discussed in detail later.

Planning involves the following questions, ask yourself:

What type of product or service do I feel comfortable marketing?

Everyone feels differently about products and services. We all feel strongly about those that we can identify with, those that we believe in. Look for a company that has products you may be familiar with or feel strongly about. 

Do I believe in the products or services?

Your conviction alone will help you sell. You need to believe in the product and the company, when you believe others will to!

How many others are marketing the same product/service? What manner are they marketing them? 

This is a two fold question, first is the market already saturated with marketers of the product/service, if so is the company you are looking at innovative with their marketing plans and concept. Do you think it is a marketable concept?

What is the start up cost?

As a new business you can deduct up to $5000.00 in business start-up costs such as license fees, advertising costs, professional fees (accounting, attorney and tax professionals), office supplies and market research. 

Will there be future start up costs or ongoing fees?

Cost for additional products, marketing material, training and/or inventory. Inventory is not a deductible start up cost. Marketing materials and training would be considered in the start up costs during the first year.

How will the above costs be paid?

Will they be paid out of future commissions, or are they to be paid immediately upon starting. Do you have the cash to put in to the business or will you need to use credit?

What type of working environment do you need?

Will a home office work, a cell phone vs. a land line. Do you need a standard office away from home? These are important questions to know the answers to before committing to a business. It gives you a better grasp as to the cost needed to get started.

What type of supplies will I need?

Examples of such supplies might be office furniture, a computer, a lap top, printer, fax, phone lines, supplies and such. We will discuss the use of Section 179 deductions for business owners, many of the larger items such as office furniture and new this year computers may be added to the Section 179 deduction. We will go into greater detail as we discuss deductions for business owners.

How much will my supplies cost?

Do I have the money now to invest to get started correctly? With the new computer deduction added to the 179 deductions it maybe the best time to purchase a new computer for your business.

Do I need to carry an inventory?

If so how much do I need to maintain my inventory on an on going bases.  

If I do need to carry an inventory what is the shelf life of the product?

Some examples, make-up with Mary Kay vs. an acai berry juice product, each have a different shelf life. Other products may have a timeless shelf life like jewelry products.

Can I afford to pay cash for these products?

If not is a credit card an acceptable means of starting my inventory.

If starting with credit have a plan in place to pay off the credit so you may use it again and the interest doesn’t eat into your profits.

Once you have a business you can identify with chosen you will need to consider what type of business entity do you want to b will be discussed in a future article.