Two big challenges: marketing and pricing the service. For more on the first, check out ". Twelve innovative marketing Techniques for more on pricing, try ". How to figure out your daily rate. if you'd rather create than facilitate, learn how to code. Software is evernote a very scalable business -simply write a program once and sell lots of copies. But it's a hits business, too. Consider that the most expensive applications for the Apple iphone typically sell for around 10-of which the programmer might get 70-but most are free.
To get started, first you'll need approval from the financial Industry regulatory authority. Required paperwork includes a business plan, a trial balance sheet and monthly projections of income and expenses. Registration fee: about 5,000, depending on the types of securities you deal with. If you haven't already bagged your broker's license, get ready to pass a series of exams, including the six-hour Series 7 Exam and perhaps the series 63. One caveat: you can only take these exams after working for several months at a registered firm-and all of your employees must pass the same tests. Consulting is good work, if you can get. Consultants give guidance to companies looking for help with everything from marketing to environmental remediation-and for that they clock an average 10 operating margin. Many consultants can easily work from home when they're not with clients on site, and most charge on a per-project basis rather than by the hour.
Home - based, business
C.- based private-company data provider, m has assembled a list of the 10 most profitable businesses-on a pretax basis-that could be run out of a home. The data were drawn from eight years worth of financial statements (nearly an entire business cycle) for tens of thousands of privately held. Companies with annual revenues under 1 million and bucketed by Internal revenue service classifications. Average pretax profits ranged from 8. We included only industries for which Sageworks had data from at least 35 companies, and we eliminated categories too broad to be meaningful.
One big caveat: The data have an inherent positive survivorship bias, as some companies captured in writing earlier years may have failed along the way. Facilitators-from brokerages to consultancies-nabbed five of the 10 spots; creators, such as specialty design shops, earned three; and repair outfits rounded out the rest. To be sure, not all will fare equally (or well) in the economic downturn. Case in point: securities and commodities brokers, who stand atop the list with an average pretax margin. While confidence in the markets is shaken and competition from E*Trade and Charles Schwab is stiff, trusted brokers able to develop a book of business by giving financial advice (not simply executing trades) can still do well. All it takes is a computer, a speedy Internet hookup and some trading software from the likes of Automatic Data Processing. Typical commissions: 2 to 3 of the value of each trade.
In Pictures: The 10 Most Profitable. Home, based, businesses, schmechel charges 50 an hour to spruce up brochures, business cards, catalogs, case studies and occasionally web sites. Her tools of the trade include a computer and basic printer. (For high-end printing, she heads to kinko's.) Additional overhead: a mere 10 per month for a web site hosting service. Initial marketing amounted to posting an ad on Craigslist. Darling Design's first-year profits : about 50,000, she says.
Who needs a nasty commute when you can make a decent buck but a few feet from your kitchen? Over half of all. Businesses are now based out of an owner's home, according to the. With the economy shedding jobs, the ranks of the self-employed may well keep swelling. Plenty more entrepreneurs may look to eliminate rent and fuel costs to pinch pennies. With the help of Sageworks, a raleigh,.
Small business plan, loand and grants
When art major Melissa Schmechel graduated from Smith College in 2004, she chose to cut her teeth at two small shops in San Francisco. But she also had grander entrepreneurial designs. "I saw small studios and letter-press printers make it work on their own says Schmechel. "I felt like there was a big enough market out there.". Skills honed, the shakespeare entrepreneurial 26-year-old launched her own graphic design shop, darling Design, out of her apartment last year. She figures that an office lease would have cost an extra 1,000 per month. Sure, the home office can get a bit crowded-Schmechel shares the cramped three-bedroom rental with two roommates-but she's happy she did. "I couldn't have started the business without doing it in my house she says.
Respectable gross sales by the mixed end of first year. 80 of Customer Satisfaction Surveys returned indicating satisfaction with services. We recommend using liveplan as the easiest way to create graphs for your own business plan. Create your own business plan.2 keys to success Professional quality of services offered Reliability - being available through on-call, and adequate staffing Effective collaboration with other community professionals (physicians, hospitals, and other organizations).3 Mission Our values are simple. Wheatland health Services strives to offer excellent and affordable home health care and community- based social services to individuals and families of southeastern Kansas. It is our goal to employ competent, caring, and well-trained individuals who are responsive to the needs of our patients, their families, and the communities we serve. Each staff member will meet the State of Kansas educational and training requirements for the services they provide. We encourage and support continued education of each service provider. In turn, our agency will provide staff with competitive compensation, an inviting work environment, and knowledgeable, trustworthy management and direction.
initial start-up funding and retain a minority equity stake. Wheatland health Services will be managed by beth Patzer and Kellene walker, our Clinical Director. The company plans on taking on debt in the form of a five-year loan, and has no plans for additional debt as growth will be financed mainly through cash flow. . Our plan includes assumptions of 100 sales on credit, and sufficient cash on-hand at start-up to prevent any problems with cash flow. 1.1 Objectives 125, home, health Care patients served by the end of first year. 12 Personal Injury case management Clients served by the end of first year.
The process for licensure and insurance certification has already been initiated and we are well on our way to meeting the regulations and guidelines for providing home health care and social services essays to patients in Southeastern Kansas. There are currently only three other home health care agencies that serve southeastern Kansas. One is a satellite operation based out of a larger regional hospital in Bartlesville, oklahoma. Kellene walker currently manages this agency's operation there, and due to the lack of interest the parent organization has demonstrated in this satellite agency, we believe that upon her transfer to Wheatland health Services that agency will close its Wilson county operation. The other home health care agencies currently operating in our area do not offer services to all four of our target counties; they also do not offer the unique blend of home health care and social services which Wheatland health Services will be providing. All pricing will be set according to medicare, medicaid and other insurance regulation so pricing is not a major factor of consideration. Sales estimates project healthy revenues in the first year and modest increases through year three.
Companies direct Sales work at, home
Wheatland health Services offers a unique combination of premier home health care and community- based social services to southeastern Kansas. Market research indicates that there is a significant need for quality home health care and social services within this region and we believe that by employing competent and well-educated staff and providing them with organized and responsive management, we can become the home health care/social. Wheatland health Services will be created as a kansas Limited liability company based in Wilson county, owned by its principal investors and principal operators. The initial office will be established in quality office space on main Street in neodesha, kansas, which is the heart of southeastern Kansas. Neodesha is also home to a hospital facility and a renowned wound Center, which will serve as referral bases for our agency. Consumers of our services will be those individuals and families in need of home health care and/or social services. . These patients are usually referred by other health care professionals such as physicians, attorneys, insurance companies and health care facilities. Our agency has already developed william an excellent reputation with many of these professionals, through the work of our Clinical Director, who has been providing home health care services through another agency for the past three years, and through the presentations we have made to the community. Our agency must be licensed by the State of Kansas and our services reimbursed by medicare, medicaid and other private insurance carriers.