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Sam Weston's Articles

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Playing And Winning The Grant Game. Depending on what kind of business you’re planning to start, you might be able to get a home business grant. These grants are usually government-issued. They are, effectively, ‘free money’ – as long as you use the money for what you say you’re going to use it for, you don’t ever have to pay it back. Even if you don’t think you would qualify for anything, you might be able to modify your business plan subtly so that you do. Why Would They Do That? The money is designed t... Managing Risk: The Disaster Plan That You Will Need! A very important factor in any business is how you manage risk – yet it is a factor that is often ignored by home businesses. You have to realise that any time you start a business, you are taking the risk that the business might fail. What experienced people do is shield themselves from risk at every opportunity, to make sure that they can keep a business going for months on the brink of disaster, and wind it down gracefully if it really has to go under. You need to ha... Do You Need A License? Regulated Industries... Learn More About It... I once knew a guy whose great idea for a ‘home business’ was to run poker tournaments from his house. Needless to say, that didn’t last long once the police heard about it. If you think you’ve got an idea that’s going to make you big money, there might be a reason why everyone else isn’t doing it – and that reason could be related to the law. Many types of businesses are strictly regulated and controlled by governments. Gambling. However fun and profitable it might b... Choosing A Name For Your Company... That Makes Sense... One of the most important things your company needs is a name. Your name will be the very first thing that almost all of your customers see from you -- long before they meet you, they'll have responded to something (or someone) that told them the name of your business. So What? So, if you're planning on running a professional operation, don't call it 'A1 Supplies' just because you want to be listed first in the phone book. You have to pick a name that says something abo... Working And Living Are Two Different Things, Don't Blur Them Together! When you're at home all the time, people have a way of giving you everything to do, with no regard for your job. It can be very hard indeed to keep your family life separate from your business when you work at home -- in fact, this is one of the most common reasons home businesses fail, and their owners come away all too glad to get back to the corporate grindstone. If you don't want to be driven away from home business, here's what you need to do to keep your family at bay. ... How To Survive The Financial Strain... It's Gonna Happen! When you start a home business, it's all too easy to get carried away by all your new obligations: keeping your customers happy, earning enough money to live, and so on. Being in such an uncertain financial situation is stressful, but many home business owners simply ignore this stress, instead of dealing with it. When you're worrying about money, you tend to be worrying about everyone else and what will happen when you let them down. What I'm saying is this: don't forget you... Using Hardware And Software (IT) For Your Business There's almost no-one nowadays who doesn't have a computer -- it's more-or-less a given that you've got a computer in your home office, and that you use it almost every day. But are you getting as much out of it as you could be? Here are some things your computer can do that you might not have thought of. Keep Track of Customers in a Database. Once you start to get some customers, you'll need to keep track of their contact details, as well as making sure you know who th... The Exit Strategy You Must Have If All Goes Right... After a few years, you might find yourself with a successful home business. After a few more, you might find yourself sick of it and ready to retire, only to realise that you have no idea what to do with the business and all the customers who rely on you if you take that course of action. Here's what you need to do to get out of your business without destroying it, and come away with a good nest egg. Selling Your Business. A business has more value than you might expect... Tax, Tax And More Tax. What A Bummer! Here's How To Handle It. When you run a business, it can feel like you spend far too much of your time worrying about tax. Here's a quick guide to the what you need to know about tax. What Do You Qualify For? There are all sorts of tax breaks for home and small businesses, to try and make it easier for them to survive. To qualify for them, though, you will need to be using your home as the primary place where you do business. If most of what you do takes place in some space elsewhere that you r... How To Seek Out Your Competitors The best way to seek out your competitors is to try and buy whatever product or service it is you’re planning to sell. Enter the market as a customer, and find out what options you would have. Where to Look. It might be tempting to just use a search engine and go by the results that turns up, but you have to remember that plenty of business still takes place outside the Internet. You should also make sure that you pay attention to more traditional methods of advertising...

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