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This article was co-authored by Michael R. Lewis. Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin. This article has been viewed 267,253 times.
Once a pie-in-the-sky idea, home businesses are a reality for millions today. It's easier and more affordable than ever to build a home-based career. This doesn't mean that profits will be automatic, immediate, or easy to achieve, but you can be a successful home-based entrepreneur if you have the desire, a plan, and you're willing to put in the work.
As a teen, babysitting was my bread and butter. I would babysit my father’s co-worker’s children, the neighborhood kids, my siblings, as well as children from the church we attended. It was an easy way to make some money, and obviously, I didn’t spend any money on advertising my services. While most of my clients were from word of mouth referrals, I was also able to offer my childcare services on the local bulletin board at our church, and I told everyone I wanted to work.
Once a pie-in-the-sky idea, home businesses are a reality for millions today. It's easier and more affordable than ever to build a home-based career. This doesn't mean that profits will be automatic, immediate, or easy to achieve, but you can be a successful home-based entrepreneur if you have the desire, a plan, and you're willing to put in the work.
Instagram isn’t the only platform that can make you money. YouTube is becoming a full-time video blogger platform. One of the fastest, most efficient ways to grow an audience is to create a YouTube channel and make engaging videos that provide value to your audience. You can create craft or cooking tutorials, conduct interviews, or use whiteboards videos to teach lessons about a topic.
If you’re currently an accountant, this might be as simple as letting your clients know that you work remotely now for reasons of convenience or perhaps hanging your own shingle out to start your own firm. On the other hand, if you’re looking to enter the industry (virtually or not), you should be aware of the training and certifications necessary.
After all, you’re the only one who can decide if any of these home business ideas are plausible based on your specific situation and it will be up to you to follow through on any idea that strikes you. Luckily, the market for working from home—and therefore—home-based businesses, continues to grow, especially in small communities and niche markets. If you’re intent on shifting to a home-based career, then, the opportunity is out there to start, sustain, and even grow your own business.
Starting a business in this field will require some experience, but as long as there is anxiety, there will be a market for coaching people to create and deliver presentations. Invest in video equipment or use a smartphone to record students as part of the coaching process. If you have a background in radio or TV or specific experience in high-profile public speaking, all the better.
Becoming a freelance coder is an especially great home-based business idea since it’s already a very commonplace gig. Whether you want the flexibility of being your own boss, enjoy taking on a wide diversity of projects rather than working with a single company, or prefer to travel instead of staying in one place, you’ve got many reasons to pursue freelance software development—even though technology companies and startups offer their own perks as well.
There are plenty of compelling reasons to want the flexibility that working from home—and starting your own home-based business—can offer. If a change in lifestyle is what you’re after, then you’ll want to take a close look at your skills and interests to figure out which fields fit you best. Whether it’s an online home based business or something more traditional, you’ll likely find something that resonates with you.
Starting a business in this field will require some experience, but as long as there is anxiety, there will be a market for coaching people to create and deliver presentations. Invest in video equipment or use a smartphone to record students as part of the coaching process. If you have a background in radio or TV or specific experience in high-profile public speaking, all the better.
Lawn, garden and yard care, bathtub reglazing, carpet cleaning, floor installation, green cleaning products distribution, home decorating, remodeling or restoration, house sitting, pet sitting, pool cleaning and maintenance, snow removal, window cleaning, auto repair and maintenance. Many people might grab your services if you're mechanically inclined and willing to go to their location to repair or maintain their vehicles. In many cases, you might be saving them the cost of a tow to a garage.
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.

Cash 4 Books is an online business where you can sell new and used books. Grab your books and head to the website; here you’ll be able to enter each book’s ISBN, which is a 10 or 13 digit number that can be found on the back cover or inside the front cover of almost all books. Once you have entered each code, you’ll receive a quote for each book. Next, send your books in with a pre-paid shipping label. Once they receive your books, you’ll be paid either via check or PayPal.
In my experience, one of the greatest challenges people face is deciding why they are starting a business, what they hope to accomplish and what they really want to do. Starting a business, particularly from home, sounds glamorous and free but, in reality, it can put a strain on home life if not done right. People I talk to often need help decision-making which is an essential quality in running a business.

Also, make sure you’re up-to-date on CPR, first aid and other emergency procedures. Then make sure your own kids are OK with sharing their home every day. Once all of that is wrapped up, go to your friends and neighbors, your kids’ teachers, your place of worship and anywhere else busy parents are looking for day-care services, and get your word out.
If you’re currently an accountant, this might be as simple as letting your clients know that you work remotely now for reasons of convenience or perhaps hanging your own shingle out to start your own firm. On the other hand, if you’re looking to enter the industry (virtually or not), you should be aware of the training and certifications necessary.
Financial projections are estimates of how much money the business will earn and spend over the first three years in business. It’s important that you have these in your business plan if you want to receive funding from a bank or investor, because they usually require it. In addition, establishing solid financial projections is essential even after you start the business. Successful companies usually produce month-by-month projections and evaluate how close they come to actuals to gain insight into how the business is really doing.
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