Tag: home business ideas

EBook Launched on Amazon Kindle: How to Choose a Home Business Idea and Become a Homepreneur

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Home business

My new eBook called ” How to Choose a Home Business Idea and Become a Homepreneur”, was launched on Amazon on 2nd May 2018.  The date is special because it’s my father’s birthday as well my parents’ marriage anniversary.

Truly speaking, I didn’ t know I had the second eBook in me.  My first book in April 2016 called, ‘ Guide to Becoming a Freelance Writer’,  was pretty much a capsule of my transition to freelance writing and the lessons that others could learn from my experience.

The germination of ‘How to Choose a Home Business Idea and Become a Homepreneur – Plus 50 Home Business Ideas’ came about when a good friend starting consulting with me on starting her boutique business two years ago. I flew down to the Indian city of Dehradun to thrash ideas for every aspect of her fashion brand called ‘IndyHue’.  We used mindmaps to define her customer, her product proposition, distribution, and promotion strategy, and even wrote a basic business plan. She continued to consult me as she started getting customer and began facing operational issues.

My background as a banker and business writer helped me advise her at every stage and as of date, she has successfully moved on to become a shop owner.

So who is the eBook for?

It’s for every man, woman, and young adult who wants to start a home business and make money operating a part-time venture or a full-blown business.  If you are an aspiring homepreneur, or if you have just started a home business, this eBook has loads of tips on getting started and avoiding common new business mistakes.

It is not a know-all business guide, but it will certainly compel you to think strategically about your home business.

Hope you, or someone you know, can benefit from this guide.

Thanks for reading my blog.  animated-thank-you-image-0041

Until we meet again 🙂

 

 

 

 

 

Launching Soon – eBook “How to Choose a Home Business Idea and Become a Homepreneur. Plus 50 Home Business Ideas”

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I transitioned to freelance writing after working in the banking industry for fourteen years. The decision to change tracks was both professionally and personally motivated, but it is one that I have rarely regretted. I shared my experience of starting as a freelancer in my first eBook called ‘Guide to Becoming a Freelance Writer – How to Use Freelancing Websites to Source Jobs and Make Money from Home, which was published on Amazon Kindle in April 2016.

Being a freelancer has taught me so much about managing a business, cause that’s how you have to view any money-making venture. In my case, the key decisions to be made were deciding what type of content writing I was good at, which clients I should work with and where do I find them, how much to charge for my writing services, and which online channels I could use to promote myself.

In addition, over the last six years, I have read and written loads of content on starting a business, the challenges of being a business owner, and the technologies available to manage and promote a business. A couple of friends have also sought my guidance on freelancing and starting their business.

Second ebookMy experience as a former corporate employee,  business writer, and an adviser to friends, led me to write my second eBook. The eBook is tentatively titled,  ‘How to Choose a Home Business Idea and Become a Homepreneur. Plus 50 Home Business Ideas’ and should be available on Amazon Kindle within the month.

What’s the eBook About?

Most of us would love to give up the drudgery of a job and become a home business owner. But the transition from employment to becoming a homepreneur, as you probably already realize, is not an easy one.

For many aspiring home business entrepreneur or homepreneurs, the biggest roadblock is their inability to decide which business venture to pursue. After all, potential business ideas are a dime to a dozen.

You will find loads of business ideas on the internet. You could draw inspiration from your personal interests or professional experience. Perhaps you have learned of a business opportunity from a friend. A personal problem that you faced, may offer insight into the idea for a new business.

But which home business idea is right for you?

And once you decide the business idea, how do you make a start?

img_1648.jpgIf you too are grappling to find answers to these questions, then my second eBook is just what you need. ‘How to Choose a Home Business Idea and Become a Homepreneur’ has been written specifically to help you choose a home business idea and take the first steps towards actualizing your home business idea.

The eBook will give you food for thought on how you need to think strategically about every aspect of your home business. It will help you –

  • Assess whether you are ready to become a home business owner.
  • Understand the advantages of home business ownership.
  • Understand how to overcome the disadvantages of managing a home business.
  • Evaluate which home business idea works best for you.
  • Create a workable business plan to get started.
  • Understand what it takes to succeed as a home-business owner.

As a homepreneur, you are about to embark on one of the more rewarding phases of your life. Not having a boss to answer to, the joy of making all the decisions and growing your business from scratch, and the possibility of becoming an employment generator, the path to becoming a home business owner is certainly exciting.

A home business may be a small-sized venture, but starting it will require all the time, energy, positive attitude, resources, and creativity you can muster. As an entrepreneur, the stakes are always high, especially if you are the primary bread- earner of the family, or if you plan to dig into your savings to fund the business.

The transition to becoming a homepreneur must, therefore, be made with a clear understanding of what your business stands for, who are your customers, how will you sell, and how will you ultimately build a sustainable business.

The eBook is about 10500 words spread over eight chapters. Good friend Hazel Kamath @ TangleWithHazel has graciously agreed to provide doodles for the eBook. Here’s a sneak peek at some of the images.

 

 

 

 

Starting a home business, Importance of a business plan

8 Reasons to Write a Business Plan for Your Home Business

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Do you have a home-business idea but don’t how to make a beginning?

Having decided which business you want to be in, the first step to putting your ideas into action is to write a business plan.

A business plan is a 360-degree assessment of your home business. It documents every aspect – from defining your product, industry, customers, and competition, to listing your marketing and distribution strategy, sales targets, and business expenses.

Importance of Writing a Business Plan

If creating a sustainable small business from home is your end goal, a business plan is your roadmap to get there.

Almost everyone who intends to start a business, or wants to make major changes to an existing business (e.g. launching a new product or implementation of a new technology), must write a business plan.

Starting a home business, Importance of a business plan

Importance of a Business Plan

A business plan will help you in the following ways as you start a home business –

1. Stay focused: It keeps you focused on your business goals, as you grapple with the day-to-day challenges of your new enterprise.
2. A sense of business: It gives you a sense of creating a ‘business’ even when all you have is a laptop and a telephone to get started.
3. SWOT assessment: It compels you to identify the threats and opportunities you will face both in the present and in the near future. This assessment helps you develop strategies to circumvent the risks, and leverage favorable conditions.
4. Share your ideas: It’s a valuable document for sharing with investors, lenders, and potential employees, on what makes your business worth their time.
5. Division of work: If you have a business partner, detailing your business helps in allocation of responsibilities.
6. Help items: It also serves as a means for identifying which aspects of your business you need help with. E.g. Social media marketing or website creation, may not be your expertise, and it may make sense to hire a freelancer for the job.
7. Serves as a benchmark: Evaluating your progress against the milestones listed in the business plan will help you assess the correctness of your day-to-day business decisions.
8. Understand the financials: If you plan to enter a business that requires a large investment, or where goods are sold on credit, a business plan will help you list potential sources of investment, and how you need to manage your cash flow.

The level of detailing will depend on the size of your business, as well as the end purpose of drafting the plan. Although the length of a business plan can vary from a few pages to more than a hundred pages, for most small businesses, a business plan of 10- 20 pages is sufficient to draft a working strategy.

That’s all for now folks.

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