| With the development of new technology and | | | | Forming an entity allows you to separate your |
| communications equipment, home businesses are | | | | personal assets from your business assets and |
| now a growing segment of the economy. | | | | can also help you limit personal liability. If you don't |
| Starting a home business can give you a sense of | | | | form a business entity, what will happen if you |
| independence, allow you to make business | | | | make a mistake on a project and your client sues |
| decisions, eliminate long commutes, and allow you | | | | you? If you're a sole proprietor, your personal |
| to spend more time with your family and friends. | | | | assets will be at stake and, if the claim is large |
| With the increased popularity of home businesses, | | | | enough, you may be risking your home. If you |
| there is a wide variety of information available on | | | | form a business entity, only the assets of the |
| the Internet and in books, newspapers, and | | | | business will be at stake. |
| magazines. Separating fact from fiction can help | | | | Another myth about home businesses is that you |
| you to understand the truth about starting a | | | | don't need well-developed human relations skills |
| home business and make a decision about how to | | | | since you'll be working alone. Not only is this not |
| proceed. | | | | true, but you may need good communication and |
| One of the biggest myths about starting a | | | | interpersonal relations skills more than ever as a |
| business from home is that it will be easier to | | | | home business owner. |
| work for yourself rather than someone else. | | | | Your business success will depend on your ability |
| While you may be able to make your own | | | | to market your services and provide a high level |
| decisions and accept the type of work you enjoy, | | | | of customer satisfaction. These tasks require you |
| starting a home business will probably be more | | | | to develop networking skills, have the ability to |
| difficult than working at a job. | | | | communicate effectively in writing and in person, |
| When you are employed by someone else, you | | | | and have the skills needed to resolve conflict and |
| have responsibilities, but the ultimate responsibility | | | | resolve problems. Having good interpersonal skills |
| for the profits and running of the business belongs | | | | will help you to become recognized as a |
| to the owners and executives of the company. | | | | trustworthy and professional business owner. |
| When you start your own business, everything | | | | Starting a home business is hard enough without |
| that needs to be done will be your responsibility, | | | | having to sift through fact and fiction when you're |
| from complying with the law to providing service | | | | starting out. Keep these myths and mind as you |
| to clients. This is what makes starting a business | | | | do your research and get your business off the |
| more difficult than you might think. | | | | ground. Hard work and commitment can put you |
| Many information sources state that it is not | | | | in a position to achieve success and run a |
| necessary to form a business entity when you | | | | profitable business enterprise. |
| work from home. You can operate as a sole | | | | Don't be fooled into complacency when you start |
| proprietor in some cases, but forming a legal | | | | your home business. You MUST put in the hard |
| business entity can be necessary in other | | | | work and effort and your business will flourish! |
| circumstances. | | | | |