Dear Professor Bruce: I am a Marine that just returned from Afghanistan as
a Wounded Warrior. I have always had an entrepreneurial spirit. Can you provide
some insight into starting a home-based business as it is difficult for me to
Thank you for serving our country. According to Mel Cohen, Publisher, Inspired Authors Press, “ first determine what type of business you want to be in. Base it on your skill set, experience, and know how. The military gave you disciplines that civilians do not have”.
Where there is a void, there is an opportunity. Find a need and fill it. Where there is no need for something, create one.
Have goals and objectives for your business.
Many architects, attorneys, graphic artists, web designers, IT experts, SEO & SEM experts, designers, and crafters all run businesses from their homes.
There are good tax advantages available for home based business. You can write off tilities, maintenance, repairs, home owners insurance and other expenses that would not be deductible on a personal return.
Home-based Businesses with low startup costs
Freelance Writers and Bloggers are in the same field whichis writing. If you are good writers and can learn search engine optimization (SEO) and search engine marketing (SEM) you can start with billing rates from $25 to $100 per hour. As you gain more experience that rate will climb.
Affiliate Marketing is a great stay at home business if you like working on a computer. It allows you to make money online from your site or blog by promoting other sites or
products in return for a commission or a fixed fee per lead or sale. You earn a commission when someone follows a link from your site or blog to another site where they then buy something, sign up for something or complete a survey. You must sign up in advance with the company to see their fee schedule. Those that are computer savvy can make a nice living as an affiliate marketer.
The SBA is your greatest free resource www.sba.gov. Every business needs a Business Plan and they offer examples. They cater to businesses of all sizes and have a section on home-based businesses. Before I would go into business I would take their business assessment tool available on their site.
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