Once you’ve chosen a type of business, it’s time to get your business off the ground. Begin by setting up space in a spare room, basement, or your garage, then solicit customers through community message boards and by asking friends to spread the word. Start off with just a few clients or projects so you don’t struggle with managing your time as both a parent and an entrepreneur.
Although you may begin small, these and other at-home business ideas are scalable, so it’s wise to build a strong foundation with a legal structure that supports future growth. Establishing a corporation makes it easier to raise capital by transferring shares to any investors you take on, and you won’t have to deal with LLC investment agreements. Seasoned investors are also more comfortable working within the predictable parameters of a corporation. Just check the state regulations in Indiana before selecting your structure.
Even when your full-time gig is caring for your house and family, you can still bring in some extra cash by starting a home-based enterprise. Many of the things you enjoy doing are expandable business opportunities, so choose the right business structure to ensure maximum flexibility when you’re ready to scale up your operations.
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