On a sheet of paper, answer
the following questions for each home based business idea you
have.
Home Based Business Idea
What is your home based business idea?
List the skills needed for this buisness.
What is your experience in this business?
Do you have the skills needed to operate this
business? If not, will you get the necessary
training?
Do you plan to operate the business full-time (your
source of income)?
Do you plan to operate the business part-time
(supplemental income)?
If the business begins part-time, do you intend to
eventually make it full-time?
Home Based Business Type
Will this be a service business? Or, will you sell
products?
What type of service will you provide?
What type of products will you sell?
Will you provide this service or products only to
your local community?
Who are your customers?
What is the cost of the products or services you
will offer?
Who are your competitors? Where are they located?
Delivery of
Products/Services
Will your home based business products or services
be provided exclusively on the Internet?
Will your home business products or services be
available only in your local community?
How will you deliver your home based business
products or services in your local community?
Do you need to use suppliers or vendors?
What are the zoning regulations for a home based
business in your neighborhood?
Do you plan to store your products in your home or
home office or garage?
Will your clients/customers come to your home
business office?
Do you get along with your neighbors?
Do you need to allow for parking?
Is special equipment required?
Home Based Business
Financing
Will you use your savings to capitalize your home
based business?
Will you seek outside financing for your home based
business?
After you have answered these questions,
reviewed them carefully, and decided on your home based
business, keep them. The answers will help in constructing a
more formal business plan.
