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Why Do You Set Up a Bookkeeping Business?

If you are currently working as a bookkeeper for your employer and ares thinking of whether you should set up a bookkeeping business, here are some points that you might want to take into consideration when making any major decision:

Flexible working hours

Working for your own is flexible in terms of time and work arrangement particularly if you need to take care of your school going children. If you were to set up a bookkeeping business you don’t need to clock in every morning just to tell your boss that you have reported for work on time.

Potential of higher income

Working for your own gives you an opportunity to earn more income. According to most of the freelance bookkeepers or those who are currently running their bookkeeping business, what they charge their clients is much higher than the daily rate they earned while working for others.

Tax benefits

If you set up a book-keeping business from home and trade as a sole trader, you are able to apportion some of the household expenses for tax deduction. Expenses which are eligible for deduction include telephone and fax bill, electricity & water charge, internet connection and etc. Also, don’t forget about your mileage claims.

High demand for bookkeeping business

As businesses require their books to be drawn up either for tax submission purposes or for loan application, the demand for bookkeeping services will be there as long as the business is running. This means that most likely your services will be retained by business owners for a very long time unless you can’t deliver professionally.

Based on the above, it is a financially viable option to set up a bookkeeping business.

If you are not sure exactly how to set up a Bookkeeping Business, check it out at Mom’s talk business guide to start your Bookkeeping Business.

Written by saleh on April 22nd, 2009 with no comments.
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How To Start A House Cleaning Business On A Tight Budget

"If you use Emotion and Love to drive your sales and your business, you will create Loyalty Beyond Reason. And I promise you, you will build relationships and enjoy a business that exceeds beyond your wildest expectations".

My name is Patti Page, owner of Page’s Personal Cleaning. I started a successful house cleaning business in 1998. I would like to share what I have learned through the years in hopes of helping others who are thinking about starting their own cleaning service.

First of all, before you decide to start your cleaning business, make sure this kind of work is right for you. You will need to be in good physical condition. Cleaning is very hard strenuous work. You will need to have good customer relation skills. You will need to have basic office skills and some accounting skills.

If you are planning on leaving your full time position to start a cleaning business, make sure you have at least six months of savings. Or keep your full time job and start out part time.

Research all the aspects of the cleaning service business. From customer service to advertising, taxes, employees, insurance and bonding, what to charge and how to clean a home professionally. Cleaning your own home and cleaning professionally is totally different. Learning how to clean professionally takes a lot of time. When a client pays for your services they expect to come home and find their home spotless.

Getting those first clients takes time, persistence and patience. You will not get a hundred clients overnight.

Obtaining Those First Clients The hardest part of starting your own cleaning service is obtaining those first clients. Most clients want to know how long you have been in business and want references. The best thing to do is let clients know that, yes, you are new to the business but that you have thoroughly researched all aspects of the cleaning business and assure them that you know what you are doing and that you are quit capable of cleaning their home to their specifications. Be confident. I can’t stress this enough. Clients love to see confidence. It relieves their worries and lets them know that their home is in good hands.

References: To get a few good references when starting out, ask some friends or family members if you can clean their home for free or at a discounted rate. The sound of working for free may not be appealing but it will be worth it to get some good testimonials.

When cleaning those first homes, go for quality, not how fast you can clean the home. Cleaning efficiently takes a long time, but you will get to the point where you can do a thorough cleaning in a short time. After cleaning make sure you go back and double check all rooms to make sure you didn’t miss anything. Impress those first clients and word of mouth will spread soon.

Advertising Your company image is everything. Before you start advertising, decide what image you want to portray on your advertising material. Your image is very important. Be consistent with all your advertising. If you have a logo be sure to use it on all your advertising materials. I think it is best to have a website developed before you start advertising. When advertising, stick with the same logo and colors.

Advertise in Local Paper: Start by running a text ad in your local newspaper. Try to come up with an eye catching ad. Do not sell your services on low rates, sell your services on your quality of work and what you can do for the client that other companies don’t. There is a lot of competition in the cleaning service. You have to stand out from the rest.

Magnetic Signs or Lettering for your Vehicle: Having your business name and contact information on your vehicle is a great way to advertise. We use the vinyl lettering. The lettering looks much more professional than the magnetic signs.

Flyers: You can print nice flyers on your home computer, but I would suggest investing in some professional flyers. Hang flyers at Hair Dressers, Laundromats, Restaurants, Bakeries, Grocery Stores, etc. Put flyers on car windows at local groceries stores and businesses. You can even go door to door in neighborhoods you would like to work in. You cannot put them in mailboxes. but you can put them in the front door.

Door Hangers: Door hangers are a great way to get new clients. Pick the neighborhood you would like to work in and hang the door hangers on the doors. When people get flyers or ads in their mailbox they usually throw them away with the junk mail. But if there is a door hanger on the door they will take the time to look at it.

Business Cards: Start passing out your business cards to friends and family members. You can also ask your local businesses if you can leave some cards on their counters.

Referral Program: A great way to obtain new clients is through a referral program. Offer existing clients a discount when they refer a friend. You can give your existing clients a discount when the friend uses your services three times.

Website: These days people live very busy lives so they use the convenience of the internet to shop for the services they need. A lot of working women will shop for services while at work. We obtain 90% of our new clients from our website. Everyone that has a business should have a website. It shows clients that you are serious about your business and allows them research your business in their own time.

Cleaning Products: Page’s Personal Cleaning made the decision in 2006 to start using all natural cleaning products with the added benefit of aromatherapy to clean our clients homes. By using all natrual products, we can offer our clients a healthy cleaning experience and protect ourselves against harsh chemicals. Our clients love the natural cleaning products with essential oils. They come home to a healthy clean home filled with the wonderful scents of aromatherapy essential oils.

Tip: Always carry hand sanitizer and wash your hands often while cleaning homes. Wear gloves when cleaning bathrooms. You will be exposed to a lot of different germs in clients homes.

Remember most customers prefer that you bring your own cleaning supplies. That way they do not have to worry about going to the store for cleaning supplies before you clean. Some customers have special cleaners for certain appliances or floors in their houses. These customers usually will have these cleaners on hand for you to use. We almost always use the customers vacuum cleaner. That way you do not have to carry a heavy vacuum from house to house.

What to Charge I mentioned earlier that you should sell your services on your quality of work and not your low rates. If your rates are too low, clients will think that your work is sub-standard and that you are not experienced. Also you want to attract the clients that can afford your services. I made the mistake of pricing my work too low when I first started out. Cleaning is hard work, charge what you are worth. As the old saying goes "You get what you pay for."

Some companies charge by the hour, some charge by the room, some charge a flat rate per home and some charge by the square foot. I always give a flat rate charge per home. I think it is better to charge by the home, not by the hour. If a client knows they have to pay one set fee, they don’t care if you take 2 hours or 5 hours. Also your clients will know what they are paying up front and won’t have to worry about added expenses.

No two houses are the same. And there is no set charge for all homes. You have to clean for awhile yourself to get some experience and to work out a system to clean efficiently. Only you know what you want and need to make. Decide what you need to make hourly to cover all expenses and still make a good profit.

A Basic Price Guideline: 2 bedroom, 2 bath home, bi-weekly: starting at $80.00.

3 bedroom, 3 bath home, bi-weekly: starting at $100.00.

4 bedroom, 4 bath home, bi-weekly: starting at $ 115.00

These are just example rates. Rates will vary by State.

A word of advise: Make sure when you start your company that you charge what you would charge if you had employees. Some people make the mistake of under charging when they start out just to get customers and then later on when they grow and need to hire help they aren’t making enough money on their houses to pay help. Don’t under price your work. Cleaning homes is very hard physical work and you didn’t get into this business to work for nothing.

New Construction Cleaning If you decide to do this type of work you will need more equipment. You will need ladders, window cleaning kits with long extensions, a shop vac, etc. These types of jobs are usually 2 to 3 person jobs. New construction cleaning requires a lot more cleaning. You may have to remove stickers and labels from windows and bathroom showers, sinks and toilets. Some require that you clean the vents to remove dust from construction work. There will be ceiling fans to clean, scrubbing floors, and cleaning woodwork to remove dust. New construction cleaning rates depend on the area you live in. Normally they run from .12 cents per sq .ft. to .25 cents per sq .ft. depending on where you are located. Insurance and Bonding

Insurance and Bonding. You need to be an honest person and somewhat personable. People will need to trust you to be in their homes. Most clients are concerned about having someone new in their house, with good reason. You should be bonded and fully insured. Liability insurance rates depend on your insurance carrier and where you are located. Each person you hire will increase your liability insurance. It’s well worth the cost. You can pay quarterly or yearly. You can purchase your bond through your local insurance company. You will need to renew the bond every year. *Note: if you hire employees and cover them under your insurance, they must be an employee on payroll and not a sub-contractor. If you employ them as a sub-contractor your insurance will not cover them. If they are a sub-contractor they are required to carry their own insurance. You need to carry at least 1,000,000 in general liability insurance.

Taxes I have listed a few links that are very helpful with answering questions about taxes for your cleaning service business: starting a business and keeping records, deductions for your business, employee taxes and a very nice withholding calculator.

Small Business and Self Employed One Stop Resource. http://www.irs.gov/businesses/small

Franchises This is a link to some great information about Franchises and why you don’t need them. http://www.build-a-business.com/cleaning_franchise.htm

Hiring Help If you start out cleaning the homes by yourself, you will eventually get to the point where you need to expand your business. Start out with one part time employee. Train her and let her take your place one day a week. Then have her take your place 2 days a week and so on. This will give you the free time that you need to market your business and obtain more clients. After you get more clients you will be able to hire more part time help. Eventually you will be able to stop doing the cleaning yourself and just run the business end, which is the only way you will be able to grow your business. When training new employees, always, either train them yourself or have a lead person train them. Make sure there is a lead person on each and every cleaning job. Employees have a tendency to slack off when they are on their own.

Growing Your Business You will eventually get to the point where you have enough employees and lead people and you will be able to stop working in your business and start running your business. You will find that after awhile it will get to be too much trying to clean everyday and at the same time giving estimates, answering calls, scheduling, doing book work, obtaining new clients, etc.

Remember one of the most important qualifications for a cleaning service is TRUST. A client has to know they can trust you alone in their home. After you acquire a few cleaning positions ask the clients if you can use them for a reference. Most of the time they are more than willing to let you use them for a reference. This is how you build your business and acquire new clients is through referrals. Be dependable. Most clients will want to be set up on an every week or every other week schedule on the same day of the week. Try to always keep this same schedule unless the client asks you to switch to another day. If you have to cancel a cleaning date, make sure you try to reschedule at the earliest possible date to make up the cleaning.

 Patti Page is the owner of Page’s Personal Cleaning in Cincinnati OH.
Website: http://www.pagespersonalcleaning.net/cleaningarticles.htm

Written by saleh on February 15th, 2009 with 2 comments.
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Cake making business idea.

Cake making and decorating business is one that requires some skill in the making of the cake and a little bit of business know how. This is a business any housewife with the required skill can set up in a matter of days. And start making money too.

The good thing about cake making and decorating home business is that you can start the business and immediately begin to sell your cakes to friends and relatives. You don’t have to wait, like other businesses, for the business to be well established before you can make some money.

One good thing about starting a cake making and decorating business is that you might already have most of what you need at home. Things like cake mixers, spatulas, baking pans, icing flutes, oven, fridge etc.

However, before you start,like every other business, you need to do some market research. This entails finding out what other cake businesses are doing. Visit the wedding planners, schools, working moms, etc and find out what their requirements are. Afterall, you will soon be doing business with them.

Find out the current trends in cake making and decorating business. What kinds of cakes are made for what kinds of occassions. For example, there could be different kinds of cakes for birthdays, weddings and graduations. Also what kinds of ingredients go into these different kinds of cakes.

Then you have to ask yourself some pertinent questions about the cake business. Some of these are.

1. Who are you going to sell the cakes to ? This determines the kind of cakes you will make or the decorations you will put on them.

2. How or where are you going to be doing your business ? Is it from home or some business location. You have to think of the health issue involve. You have to abide by the relevant laws concerning health issues for this kind of business.

3. Checkout your competitors and get to know what they are doing in the cake business.

4. What are the prices of cake and decorations available in the market.

5. Are you going to differentiate yourself or do what others are doing. You have to differentiate yourself from your competitors in order to be noticed.

6. How many people will you employ to help you in other aspects of the business.

7. How are you going to get information out about your business. Is it by word of mouth or you are going to do some paid advertisements.

8. What to do about equipment. You might already have some in the house. Do you want to use these or buy new equipment. You can start with the ones you have at home and when the business picks up buy new equipment. This depends on whether you are starting the cake making and decorating busines from home.

In terms of advertisement through word of mouth, you can give out samples of your cakes at every opportunity that presents itself. for example, family gatherings, neighbourhood meetings, friends celebrations or anniversaries etc.

And to really build some reputation for your cake business, you should consider some advertisement in the local press. The you can begin to visit the peolpe or organisations that you will be supplying cakes to. Places like schools, working moms, wedding planners, etc.

There are places you can always look for ideas - Magazines, internet forums, cookbooks etc.

This is a business you can easily run from your home and you will find that you will be making more profits than those in the professional bakeries. Because you will be setting up cheaply.

Written by saleh on January 20th, 2009 with 1 comment.
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More about day care business idea

The target age for a typical day care center is that of pre-school and smaller children that can not be left at home. In addition, children that are still young, under age 12 for example, also need to be cared for before and after school.

Before starting your day care business, you must determine what type of day care you want to establish. Do you want to run the small day care in your home or you wnat to run a bigger day care in a different location. Probably cost consideration may determine where the day care business is located. One other consideration is the laws governing day care centers in the area you area. The care of children is always very important hence the laws and regulations governing these day care centers. so make sure you familiarize yourself with the relevant laws.

To really start your day care business center, you need a plan. A plan will guide you all the way in setting up your day care business. The plan may even help after you have your business up and running. Things to consider in your business plan are;

1. how to raise finance

2. location of the business

3. meals and snacks

4. your kitchen staff for the required hot meals

5. safety considerations

6. types of toys and play items

7. how will you carry out your teaching. That is what teaching methoda will you employ.

Each of the above listed items must be taken care of before you can successfully launch your day care business center.

For a comprehensive guide on how to start and profit in a day care center you can download this ebook in PDF format.

To download, just right click and choose “save as” or “save link as”  .You will need the Acrobat Reader to read the ebook. Fortunately, Acrobat Reader comes bundled with most computers.

Written by saleh on December 28th, 2008 with no comments.
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Day care business idea

The day care business is a very lucrative one indeed if properly researched before establishing a day care center business. The need for a day car center is a prerequisite for building a day care business. According to national Business Statistics, 66.7percent; of licensed child care facilities succeed and make a profit in their 1st year of operation.

Increasingly more families depend on both parents incomes in order to meet the basic standard of living of an average family in a city.

Another indication that this business will be successful in the long term is the fact that many of today’s young parents have spent time in day cares themselves. They have positive, beneficial memories of day care that they want to pass down to their children. They remember the positivism and the overall benefits that this environment has had on them and want to share this with their children.

The child care industry is huge and there are many competitors in it. However, you could carry out your research to..

1. identify the major child care center in your area.

2. also you could check the latest census figures in the area you want to establish the business, so as to know the number of licensed day care centers.

3. You should know the total number of single homes as against the number of day care center. This will give you an idea of how saturated the day care business is in the area.

4. check the census figures for population growth rates for household in the area you want to establish your day care business.

Day care business idea is explored more in the next post..

Written by saleh on December 20th, 2008 with no comments.
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