To be a home based business consultant, that is a person that can work from home, while helping other businesses with their needs by offering a variety of different kinds of advice. In order to be successful at this you will need to be an expert in certain business areas. So, if you do have experience and expertise then it might be in your best interest to start your own consulting business from home.
The first thing you will need to do is to make sure there are no special zoning requirements you might have to follow for the area in which you live. If there are certain rules to follow then you need to make sure that your home business is up to par when it comes to that.
Decide upon which business specialty or specialties that you want to focus your consulting on. Popular ones are accounting and advertising but there are a lot more than that, that you can help a company with. If you focus on a couple of main ones, it will be a lot easier for you to promote your business.
You will then need to pick a sole proprietorship or an LLC for your business. Understand that if you pick to go with a sole proprietorship that you the owner will assume all risk there might be. That means is someone decides to sue you for something that your business and your personal assets will be included in the settlement. However, if you choose to go with LLC only the business assets can be considered.
After you have done all of this you will need to come up with your business plan. This is going to set down all of your own personal business goals and what things you will need to do to accomplish those goals. This will also need to contain all of your financial preparations for the present as well as for the future of the business.
You will then need to get yourself a federal ID number. If you don’t get one of these you can always just use your Social Security number for all of your transactions that you make on behalf of your business. If you choose the ID number then this will protect your Social Security number from the possibility of identity theft.
You will then need to move onto getting your Doing Business As or DBA that you want to put your business under. You can use your own name or you can create an original business name. It it completely up to you what you want to do there.
When you get a DBA you will then be required to place a notice in your local newspaper for about three weeks. This notice required by the state asks that you put your company name and where the company will be based.
Now that this is all done you will need to make sure that you set up a separate phone line that will be dedicated to your business only. You will also need to good running computer with a high speed Internet service, a printer/copier, fax machine, desk, comfortable chair, file cabinet and all of the different office supplies that you will need to run your office efficiently.
In order to keep your business completely separated from your home it’s also a good idea for you to get a post office box for your business so that all of your business mail will go through that and not to your home address where you are running your business out of.
Make sure that you set up a website so that you can get a web presence as well. It’s important that you have a site that will help promote you but it also will be a place that you can list all that you do, what you offer, what your prices are and it can provide a place where others can sit down and perhaps request from you further information on your services.
Market your business by putting ads in the newspaper, go around to small businesses, doctor’s offices, small medical clinics, wherever you can and hand out your business cards. Make sure that your business cards not only have your phone number but your email and web address on it.
Last but not least, it’s important that you get yourself some insurance to cover you in case there are accidents in the home like a fire, flood or theft. This will help you get back at least some sort of monetary payment to help rebuild your business.