There are several sites such as http://nathaniellaurent.com which people can refer to when they want to start a home based business. Infact nathaniellaurent.com even offers various tools which can be used and advice which is given to those that want to start their own home based business.
Working from home looks very attractive on the outside however, it requires much more than what is usually seen on the surface. It requires commitment, planning and a lot of dedication as well as hard work. The entire strategy needs to be plotted out and all the little details need to be worked out and only then can it be put into action.
First of all, the person should evaluate their talents and skills. Something that you enjoy should be taken up as this will require a lot of work and therefore, if you do not enjoy it, it will be worse than any chore.
As per nathaniellaurent and so many more people, you should assess the financing needs and then decide. You will need money in order to get started in order to purchase inventory, equipment as well as to manage the initial cost. You could start with a loan but not everyone would be willing to offer you a loan on a business that has yet to start.
You should be aware and know your competition as well as their pricing and strategy. As per nathaniel Laurent, knowing your market and it’s needs is of utmost importance. The employment laws need to be known incase you intend employing people.
Once this is done, you need to figure out how you can ensure that the business will be profitable. You would need to create a business plan which will serve as the blueprint for your business. All this is the homework to be done before you start a business.