Saturday, February 23, 2013

Home Business Pays the Bills



Single moms need to play several roles at the same time.  They are the bread winner, dad and mom rolled into one.  To best perform these roles, it is advisable for single moms to have home businesses.  Think of what you love to do and turn your passion into cold, hard cash with your own home business. 

Freelance Writing
If you enjoy writing, you can start a freelance writing business.  Check the internet for sites with platforms that provide a ready source of writing jobs that require little or no negotiation. Just select the job and start writing. This lets you gain confidence and test your aptitude for freelance writing as a career.

Multiple Revenue Streams
It is important to have multiple revenue streams in case one dries up for a while. Think of other businesses that will complement your freelance writing business.  Consider running a course on freelance writing through webinars, audio books and eBooks.

Discipline
Working from home may require more discipline as you are easily distracted with household chores and caring for your children.  You must plan your daily work and adhere to the designated tasks.  Do not interchange tasks unless for emergency reasons.  If you plan to start working at 8 in the morning, do this religiously unless for instances that you need to rush your child to the hospital.   

Plan
At the end of each day, set your goals for the next work day. It is up to you to build a consistent work system that will propel your home business forward. By simply setting up your goals the day before, you are allowing yourself to jump right into work immediately in the morning, which is often the time that you are freshest.
Consider putting a bar fridge in your home office so you don't get distracted by having to get lunch or a snack. Make your lunch in the morning and put it in your fridge, including healthy items like fruit, vegetables, a low-fat dip, protein and fiber.

Advertise
To advertise your home business, contact your local newspapers and find out if the business columnist can do a story on your home business. This is more likely to happen if you have a good story to tell, like rags to riches or you found a way to overcome an obstacle (capable single mom).

Paper Work
Make certain when you begin a home business to consult with an accountant to ensure that you adhere to all local, state, and federal laws regarding running a business from home. This is essential to keep your financial records accurate and within the law. An accountant can also make sure you take advantage of any available tax benefits.  It is also important that you keep excellent records and documentation of all of your business expenses. Keeping a good record of everything you spend on your business will provide you with the proof you need should you home business be audited by the IRS.


You might also want to check http://bigmoneyvault.com as one of your revenue streams.  

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