The Advantages and Disadvantages of a Home-Based Business

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Posted in Tips

If you’ve ever held a regular job, chances are you’ve yearned for the chance to work at home at some point. Long, unproductive meetings, annoying coworkers and various other corporate realities can drive even the most determined employee mad. And if you could become your own boss while dodging the office, that would seem even better. However, as with any other career decision, there are advantages and disadvantages to consider. Here are a few to keep in mind as you make your decision.   Advantages   Be Your Own Boss As with any other self-employment endeavor, a home-based business will allow you to be your own boss. This can be a liberating experience. Instead of someone else setting your hours, you can work as little or often as you like at hours of your choice.   Reduc [ Read More → ]

How to Set a Realistic Goal for Your Crowdfunding Campaign

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Imagine a crowdfunding campaign for a movie about atoms. The entire movie will feature Al Gore discussing every detail about them over and over. It will last 11 hours and be filmed entirely in a white room. It will be marketed as a children’s movie with a goal of $100 million. Do you think this campaign will fly? Of course, this hypothetical example has about as much of a chance of success as you have of hitting the lottery three times in the same week. It would be stunning if this project raised $10, let alone $100 million. And while the average crowdfunding project is much more attractive, many entrepreneurs set unrealistic goals and are disappointed when they don’t pan out. How can you set a realistic goal for your crowdfunding campaign? Do the Math Create a budget accounting for al [ Read More → ]

The Reality of Running a Mobile Business: Part 1

If you’re ready to start a retail business, consider the unique challenges and opportunities of running it as a mobile business. Whether you are interested in running a food truck or selling crafts from a mobile station, these types of businesses have bloomed in the past few years. According to US News and World Report, these types of businesses offer a lot of flexibility, along with challenges with financing. But how do actual mobile entrepreneurs deal with things like partnerships, events and other business issues? We spoke to Austin and Brittany Havican, who run PhotoMoto, a Volkswagen bus that is a mobile photo booth. PhotoMoto The Havicans were interested in starting a unique business. As married entrepreneurs, they knew there was heavy competition from other mobile businesses that [ Read More → ]