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Looking for a way to combine your public speaking, communication, and writing skills? You might consider serving as a freelance publicist or public relations consultant. This is one of the home business ideas that can greatly appeal to smaller businesses or individuals who can’t invent in full PR teams or staff, but still need this kind of assistance for their organization.
Before you get started, however, you’ll want to make sure you’ve done your research, created a plan, and take all of the appropriate legal steps—like setting yourself up as a business entity—to do so. Once you get all of the base work out of the way, you can completely devote yourself to business, enjoying, of course, the freedom of the work from home lifestyle.
Invest in your home based business. Before you get started, there are often investments you'll have to make in your business infrastructure. This varies based on the type of business you're running. For example, if you're running a printing business from home, you'll need to buy a professional printer and paper for it. If you're running an online business, it may be wise to upgrade your computer and internet speed. The time spent waiting for pages to load can add up and hurt your productivity.
Organize your business as a legal entity. When setting up for business you have several options in determining the structure of your business. The easiest is to simply act as a sole proprietorship where you, the business owner, are legally the business. In this case, you would use your SSN for tax identification purposes. However, if you plan to have partners or hire employees, you will need to organize your business as a separate entity like a corporation. Doing so will require you to incorporate your business with you state and obtain an employer identification number (EIN) from the IRS.
If you don’t already have an idea, the first step to coming up with an idea can be the hardest step. Many entrepreneurs know exactly what type of at-home business they’re going to open. For example, someone who has worked in an industry for several decades can leverage their knowledge and network to do consulting. Other entrepreneurs may know they want to create jewelry and sell it on Etsy.