Home Business

This section is a collection of user-submitted advice sent in by our readers. If you would like to submit your own advice, please contact us at the bottom of the page.

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Make a todo list and set specific deadlines. If you don’t force yourself to meet hard deadlines you’ll have a hard time getting anything done.
-John K., Michigan

You need to comprehensively keep track of all the advertising you run, including Internet ads, newspapers, and leaflets, etc. At the end of the year you should tally up the total costs and determine which advertising was most effective. You should always strive to bring in higher tier customers, and cut advertising costs for lower tier customers.
-J. S., North Carolina

Work part-time or volunteer your services in the industry where you want to start a home business. This way you can get a lot of valuable experience and contacts.
-Peter T., Nevada

You should get as much customer feedback as you can from as many different sources as you can. Whenever you make a sale, ask your customers if there's any way you can improve. The more feedback you get, the more you can improve your business. Don't be put off by negative feedback, just take what they say and fix it.
-Jason Lew, Texas

You better keep an eye on your credit history. You really need good credit history when you want to get investment to start your home business. Don't take late credit card payments lightly, even if you don’t plan to start a home business for a while.
-Tony P., California

You can never get something for nothing.
-Sumiwaty K., California

If you have a need for instant gratification, don't start a home business. You're going to need to work really hard at the beginning before you see any fruits of your labors.
-Peter L., Oregon

As a home business owner, you better keep real good track of your taxes. You won't have any excuse when the IRS man comes and your numbers don't add up. Don’t think the IRS is going to cut you any slack because you had a hard time launching your “little” home business.
-John T., Washington

Pray that your business is successful, and give your money to help the less fortunate. Take care of God’s business and he will take care of your business.
-Ed Yuhayco, Philippines

Find someone who has succeeded in your business and model yourself after them.
-Shonie S., Florida

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