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Home-based businesses

(NC) Being able to work at home is a dream for many people, but there are a few things you should consider before deciding to start a home-based business. Depending on the amount of space you require and on the nature of your business, it may be a very good option to locate your business in your own home. Consider the many factors involved to be sure that working from home is the best choice for you.

Benefits:

• Cheaper than renting

• Set your own hours of work

• Put as much time as you want into the business

Challenges:

• Not a lot of room for expansion of the business

• Legal and health restrictions, if your business is in an apartment or home

• Interruptions from family and friends

Before diving in, start your research with the free business services offered by Canada Business Ontario, available by calling 1-888-576-4444 or visiting canadabusiness.gc.ca. http://Canada Business Ontario provides information on business basics, regulations, government financing options, sample business plans and free secondary market research.

Quick Tips:

• Pick a home business idea that interests you, and where there is a need in your area.

• Designate a specific area of your home or apartment that is away from the mainstream of your home activities.

• Check both provincial and federal regulations for health, safety and taxation regulations before you start.

• Make sure you are available to your clients by keeping a consistent schedule or using other approaches to get back to them quickly.

Starting a home-based business may be demanding, but with the right information and proper planning, you can make your dream a reality.

Canada Business Ontario is a program within the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). For further information on federal economic development programs and services for southern Ontario please visit, FedDevOntario.gc.ca, or contact us by email at info@FedDevOntario.gc.ca or call toll free, 1-866-593-5505.

www.newscanada.com

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Attention editors: This article is for distribution in Ontario only.


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