Before you leave your corporate job, you should do some preparation work and set up your Internet home based business properly. While some entrepreneurs are thrust into a home based business suddenly through job loss or financial circumstances, your business will be more likely to succeed if you have planned ahead. Prepare yourself for the inevitable changes in your lifestyle and economic circumstances. Your stress level will be reduced and your enjoyment of your new life will be increased.
Inventory your interests
Before you can choose an Internet home based business that you will enjoy, you must have a thorough knowledge of yourself. If you enjoy your corporate job, you should make a list of the things about the job that you like. Do you like to talk to people? Do you like working with numbers? Do you like creating reports? Perhaps you prefer planning the office parties. Be as specific as possible about what you enjoy doing. If you don’t currently have a paid position, think about the types of things you do as a volunteer or a homemaker. Do you enjoy organizing the school room parties for your children? Are you a volunteer story teller at the local library? Next, try to determine any common threads in the activities you enjoy.
Choose a business
The next step in creating an Internet home based business is to look at the common threads of interest and brainstorm how these could be translated into a paying enterprise. If you are having trouble finding ideas, ask a trusted friend or family member to brainstorm with you. Once you’ve come up with a short list of possibilities, consider advantages and disadvantages and select the one you feel most comfortable with. Then develop a specific business plan including time lines for implementation
Arrange your space
Arranging the space for your Internet home based business is more than finding a desk and a chair, although these are necessary equipment. Arranging the space is looking at how you will be located on the Internet, what type of presence you want to display. It includes all the arrangements that will be required to set up your domain, create your web site, arrange for web hosting, merchant accounts and payment arrangements. If you have need of storing your inventory, rather than a drop ship arrangement, you’ll need to decide how those items will be housed. In your space planning, include a location for your home office and the equipment and supplies you will need there.
Find a support group
Only in rare instances is a person able to successfully launch an Internet home based business without help of some type. The support may be financial, physical or emotional. If you are willing to find and use a mentor you’ll find that you are much more likely to make a successful transition for corporate world to home based entrepreneur. Sometimes there are meetings of organizations such as Kiwanis or Toastmasters. Even less formal organizations such as a neighborhood coffee club can yield people who are willing to share experiences and support.