Thursday, June 10, 2010

Home Based Small Medium Business

A vital part of the U. S. economy, creating 80% of its jobs and accounting for nearly 40% of its private sales are the small medium business
. They consists of farmers, start up companies in high technology or micro-business entrepreneurs.

There are approximately 24 million small businesses in the U.S. And 6 out of 10 of the industries adding new jobs are small business dominated industries. Small firms hire a larger proportion of employees who are younger workers, older workers, women, or workers who prefer to work part-time. Small medium businesses also provide 67 percent of workers with their first jobs and initial on-the-job training in basic skills.

Developing small home-based businesses is particularly important to rural communities. Because of the limited availability of skilled labor, the development of large scale firms is prevented. Rural communities that promote new and innovative small enterprises can stimulate new employment opportunities and expand the local tax base, often contributing to each citizen’s quality of life. Also, when you’re at home your business will comprise whether you sell a product or you can sell a service. If you want to sell a service, look within. What are your skills? Are you proficient with a word processor? If so, you can consider selling your word processing skills. Remember, proficient means near perfect. I can use MS Word, but I could not sell it as a service.

Have you done bookkeeping or billing before? If so, this again, is something you can sell as a service. Are your kids older, in school all day? Consider an errand service. Perform a web search for errand services and view what others are offering and at what fees.

Are you an expert with a sewing machine? You can offer tailoring and mending as a service. I am only 5'2? and both my kids are 5'. We need everything altered. I would love to bring it to someone’s home versus having to go to the dry cleaner, change in their icky little bathroom etc.

Prefer to sell a product? You have a few choices, yes, only a few. You can make the product yourself. You can purchase from a wholesaler, or you can purchase from a direct sales company. That’s it, only those few choices.

If you wish to make the products, again, look within. What hobbies do you have? What crafts can you make? Some folks sell hand sewn or hand crocheted items. Some sell homemade soaps and lotions. Some sell homemade jewelry.

These are the many options you can do when you plan in a home base business. Plus, running a small medium business at the comfort in your own home saves you any amount of money
because you don’t have to pay for rent. Plus, you can control your time and if you’re a home maker, you won’t have to leave your kids.

For more info:

Read more:
The Power of Business Process Improvement: 10 Simple Steps to Increase Effectiveness, Efficiency, and AdaptabilityThe Power of Business Process Improvement: 10 Simple Steps to Increase Effectiveness, Efficiency, and Adaptability Azar 252922 Counter Trifold Brochure Holder with Business Card Pocket, 10-Piece Set Tool Logic T1WBCC T1 Series Business Card With Wallet, Ultra-Slim Tool Card With Twelve Features Plus Leather Id Wallet

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