• Home
  • About
  • Contact

The Phat Startup

The Ultimate Lifestyle Blog for Entrepreneurs

  • Blog
  • Blogger Lifestyle
  • Money & Finance
  • Motivation
  • Personal Growth

Personal Growth

How to Start a Small Business Right in Your Own Home

Are you contemplating quitting your day job and starting your business? This could be a great idea, especially if you are passionate about pursuing the things you love. According to business experts, home-based companies or entrepreneurs make a substantial contribution to the economy. For a newbie, it is ideal to start your company at home. In that way, you can save a lot of money on overhead costs, which is one of the reasons why most start-ups fail and close down in less than a year. Read through these helpful tips on how to start building your business right from the comfort of your home.

ink 1

Decide on what business to have

It is essential to launch a business that highlights your expertise. You can make use of your previous job and your passion for coming up with concrete answers. What are the skills that you currently possess that will help drive your business towards success? Are you good at people management, sales, telemarketing or customer service? When it comes to talent, ask yourself, what are your inclinations? Are you a good cook or baker? Do you have an eye for fashion accessories? From these questions, you can come up with solid ideas for your home business.

Who are your customers?

This question is essential to think about. You need to have a particular target market, which are individuals who will most likely support your business by patronizing your goods. You can define your target market through continuous research, surveys and by asking yourself several questions. You should work closely with someone who can offer you their marketing expertise. When you have defined your target market, you should also have an idea if your business will have a high demand in today’s market.

Have a dry run for your business

Your ideas can look very promising on paper, but you need to know if your potential clients will love your idea. You can start with a dry run for the first 30-180 days. Start promoting your products and services within your neighbourhood and the local community and see how people react. Do they like your products? If not, what are the things that you need to work on? Is the pricing affordable or quite expensive? This would be the perfect time for you to gather honest feedback by talking to your clients. Value their opinion because the majority of them speak the truth.

Lastly, do not forget to promote your business within your community. You can install large signage and tarps that are made from sublimation ink. This type of ink is known to produce excellent colours that will not quickly fade regardless of the weather changes outdoors. Place them in different places across town to gain more attention from locals. It is okay to spend a certain amount of money on your marketing materials. As long as many people will get to notice your business through enquiries, you are on the right track.

 

 


« Interdependence PR – What You Should Expect From A PR Company
What Can Interdependence Public Relations Do For Your Business »

About The Phat Startup

The Phat Startup was created by Mike McOwen to create a space where entrepreneur lifestyle could be focused on. We tend to live a different lifestyle than most. Entrepreneurs tend to be interested in maximizing their life, not only their profit.

Connect With Me

  • Email
  • RSS
  • Twitter
  • YouTube

Twitter Feed

Mike McOwenFollow

Mike McOwen
PhatStartupsMike McOwen@PhatStartups·
29 Dec 2017

Why is content marketing so important? Find out here: http://thephatstartup.com/money-finance/why-your-business-needs-a-content-marketing-strategy-in-2018/

Reply on Twitter 946751505146707968Retweet on Twitter 9467515051467079681Like on Twitter 9467515051467079682Twitter 946751505146707968
PhatStartupsMike McOwen@PhatStartups·
9 Oct 2017

http://yescincinnati.com/

Reply on Twitter 917521630162759681Retweet on Twitter 917521630162759681Like on Twitter 9175216301627596811Twitter 917521630162759681
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

Wow, interesting

Forbes@Forbes

Millennial men are more likely than women to default on student debt http://on.forbes.com/60148NudC

Reply on Twitter 912458136849698816Retweet on Twitter 912458136849698816Like on Twitter 9124581368496988162Twitter 912458136849698816
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

I LOVE Toronto! Miss that place

GO Transit@GOtransit

Explore Toronto’s art scene with GO! Enjoy special late night service during Nuit Blanche on Sept 30. https://cards.twitter.com/cards/v2l8b/4ttwx

Reply on Twitter 912458028355670017Retweet on Twitter 912458028355670017Like on Twitter 912458028355670017Twitter 912458028355670017
Retweet on TwitterMike McOwen Retweeted
BuffaloSabresBuffalo Sabres@BuffaloSabres·
25 Sep 2017

Batter's up! ⚾️ Spending quality time with our friends at @MiracleLeagueWN.

4
Reply on Twitter 912457252057034754Retweet on Twitter 91245725205703475453Like on Twitter 912457252057034754318Twitter 912457252057034754
Load More...

Blog Ideas That Make Money

3 Tips For Doing Business Entertaining At Your Home

Overcoming Challenges: Strategies For Improving Startup Team Performance

How to Create a Retail Space You Are Proud Of

Search

Copyright © 2023 · The Phat Startup

Copyright © 2023 · Divine Theme on Genesis Framework · WordPress · Log in