- There is no additional real estate needed to start, you use a home office.
- There is little added expense in equipment, you use your computer and phone.
- There are typically no employee expenses, or at least it is optional to start with.
- Most profitable home businesses have system that automate certain parts, saving costs.
- Variable expenses like marketing/advertising can be dealt with creatively and low cost.
Most profitable small businesses :
Have a simple streamlined and cost effective distribution system.
A high quality in demand product.
Sell on value and benefits to the customer and not price alone.
Continue to innovate more cost effective ways of producing result.
Have a cash flow model that reduces finance charges and late fees.
Starting a profitable small business from home can be an exciting and scary experience at the same time. Define what your expectations are as far as profitability goes, BEFORE, you get started. Make sure the cash flow model is set up and make sure you have done the work necessary on paper first, Its cheaper that way!!! Starting a businesses is fun when its profitable.
Starting Profitable Home Based Business Opportunity Can :
Take some risk out of the venture.
Help connect you with like minded people.
Provide proven systems that make success much more predictable, provided you do the work.
Give you a focused method of operation, so your more profitable both money and time wise.
Greatly reduce your learning curve and have you in the black almost from the beginning.
Allow profits much sooner than two or three years like a traditional business. ( because of financed start up capital)
I hope these tips help with finding, starting, evaluating, or buying the most profitable small business.