Starting a business | promunim of india - promunim of india

    1. Start Your Own Business at Home: A Quick Look 


    Many types of small businesses choose to run their operations out of their own homes. When someone starts a business from home, they usually save money because they don't have to pay for travel. 
    Thanks to progress in technology, many types of businesses can now be run from home. 
    This guide will help you choose if you want to start a business from home. It also gives your ideas for things you might want to do when you start a business from home.


    2. Do you want to start a business from home? 


    Anyone who only needs a small office often starts their own business from home. They might work at their customers' places of business most of the time. 
    But you might not be able to work from home if it changes how you use your home or the area around your home, like if you have a lot of guests. Your lease may say that you can't use your home for business reasons if you rent it. 


    Pros and cons of running a business from home 
    the main pros are that you can: 
    • don't have to pay a lot of money to rent or buy an office 
    • save time and money by not having to drive to work 
    • can choose when and how long you work 


    The main cons are that you can:
    There may be problems keeping work and home life separate,

     There may be interruptions and distractions at home. 
    You may also lose touch with other people and businesses, 
    you may end up working long hours. 
    Your mortgage, home insurance, and taxes may be affected. 

    Taking care of the problems 
    for those of you who have kids, it's best to keep work and home life separate. 
    ProMunim of India and other groups can give you information about networking events 

    If you feel like you don't have any friends. Social media can also help you connect with other companies. 

    3. Well-known ways to work from home 


    if you don't already have a business idea for your home, ask yourself these three things: 
    Is the market missing something? Have you been looking for something and just can't find it? There may be other people looking for that goods too. 
    What is my hobby, skill, or passion? Is it possible for you to make a living from it? 
    Could I do a better job? Have you seen someone provide a service or product that you believe you could do better? 
    Trendy business ideas for home 
    you might be able to find work in your area providing services like child care, tutoring, translation, editing, dog walks, and alterations. 
    Other popular types of home-based businesses are: 
    •consultants,
    •publishers,
    •caterers,
    •crafters and artists,
    •virtual assistants,
    •website designers, 
    •who work from home and help clients with their work. 


    You could also buy a business as an investment. When you own a franchise, you are your own boss, but you also work with a core team, which is helpful. More and more home-based franchises are becoming available for you to look into. 
    "Five to nine" work hours if you already have a full- or part-time job, you might want to start a business and work on it in the nights and on the weekends. In other words, you will get paid while your business grows. However, you may find it hard to handle the extra work and longer hours. 
    Your business plan you need to write down a business plan once you have a thought for a business. 


    4. How much it costs to start up and where you work 


    for your home business and any materials you need for the service you are providing, you may need to buy, lease, or rent them. 
    It can be hard to find and keep in touch with customers, so getting a good computer with the right software and a fast internet link may be important to you. 
    When you first start out, the most usual costs to think about are: 
    • a cell phone
    • a computer; 
    • broadband access; 
    • A desk or chair for the office 
    • Business cards 
    • in stock—if you're selling things 
    When you figure out how much software will cost for your startup, open-source programmers like OpenOffice, Zoho, Google Docs, and StarOffice are much cheaper or even free. Your place of work 
    you should set aside a place to work. This way, you can focus on your tasks without being interrupted and finish your work for the day. 

    Priorities at work 
    you might want to mark the spot where you work. Many people choose an outbuilding or a spare room with a lockable door so they can: 
    • deal with clients in a professional way 
    • say no to requests from family members 
    • keep work tools separate from home equipment 
    Setting up a business in part of your home can affect your taxes and insurance. 
    To make your own space, you can: 
    • Use your office supplies in a public area of the house and store them away when not in use 
    • Put your desk in a cupboard, closet, or under-stairs space with shutters or doors that can be locked 
    •Work tools and setting up a desk 
    •It's important to have a fully adjustable chair and desk for computer use, and your desk should be big enough to fit your computer, keyboard, and monitor. 
    •You should also have storage to keep your office clean, and when you sit at your desk, •you should keep your feet flat on the floor and your back straight. 
    •The top of your monitor should be at eye level. 
    •Your work place will need to go through a health and safety risk assessment. 
    •A home-based business and permission to build 

    If you're going to make big changes to your home to make room for your business, you might want to check with your local government about getting planning permission. 


    5. Making records 


    Keeping good records helps you: • finish your tax forms more quickly and easily • pay the right amount of tax at the right time • avoid paying extra penalties and interest 
    Keep your energy bills if you use part of your home for business. This will help you keep track of how much you spend on your business. 


    6. Home business and IT 


    IT’s important to have the right IT tools if you run a business from home. 
    Setting up a website 
    Websites are an important part of marketing for most businesses, but they're especially important for those that sell things online. 
    Read our guide on web design to learn more about how to make a website. 
    Linking up 
    you can stay in touch with other business owners through social media sites like Twitter 

    and LinkedIn. This will let you know about chances to grow your business and help you connect with other businesspeople. 
    You can network with the help of email and online groups. You can write a blog on your own site or send pieces to other sites that your customers are likely to visit. 
    Being away from home for work 
    IT doesn't just let you set up a home office; it also lets you work while you're out and about. You can work from anywhere thanks to WIFI, cell phones, and Skype. 
    Businesses can manage their data and software needs over the internet, or "in the cloud," with cloud computing. This means that anyone with a computer or phone that can connect to the internet and open a web browser can see information about your business. Cloud computing can meet your IT needs in a way that is both flexible and saves you money. 


    7. The ways you can grow 


    you can make your home-based business bigger in a lot of different ways. 
    Getting Help 
    By sharing, for example, you can grow your business without hiring more people or moving into bigger space. 
    • Planning a business's finances 

    • Planning accounts and taxes 

    • To get leads through telemarketing 

    • Public relations 

    • Design and writing 
    Building connections more business opportunities will come your way if you talk to customers, suppliers, and other company owners. 
    People and other businesses can stay in touch with you through social media. 

    Places to meet 
    your home may not be able to meet the needs of your business as it grows. Business centers and co-working spaces can rent out controlled workspace and meeting rooms for short-term use. This kind of thing can be found in many Indian towns and cities. 


    Read our guide on choices for growth to learn more about how to grow your business.