Showing posts with label shop. Show all posts
Showing posts with label shop. Show all posts

Wednesday, January 7, 2026

First Office

     Your home is the logical place to set up a part-time business—but first, find out if your community is zoned for home-based businesses.

Read in my blog more information by each step : ๐Ÿ’ฅwww.hobbytosmallbusiness.blogspot.com

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Many communities restrict or prohibit:

๐Ÿ’ข Creating nuisances (noise, odors, waste)

๐Ÿ’ข Doing business outside

๐Ÿ’ข Modifying a home’s structure or adding signage

๐Ÿ’ข Creating traffic

๐Ÿ’ข Taking up excessive street parking with delivery, customer and employee vehicles, or commercial vehicles

Stay in your neighbors’ good graces by keeping your business as unobtrusive as possible. 

Find Your Space

Take the time to create a home office space that fits your needs.

๐Ÿ’ซ Do you need to meet with clients at home? You’ll want a separate office (such as a converted garage or guest house) or a room with an outside entrance.

๐Ÿ’ซ Do you need to make products or package items for shipping? You’ll need plenty of space to spread out, or you may want to consider having your shipping services outsourced to a shipping expert if your product category or volume requires it.

๐Ÿ’ซ Do you need inventory or materials? Make sure you have a secure space to store them.

If you don’t have a spare room, create a separate workspace by curtaining off a corner of the bedroom, screening off a spot in the dining area or buying a desk armoire for your business.

Separating business and personal space helps you and your family see your startup as a real business, not just a hobby.


Business Equipment and Services

You probably have some of the equipment you’ll need to run your business, such as a computer, printer and smartphone. It’s best to have a computer just for your business so you don’t risk your kids accidentally deleting key client files. An all-in-one printer that scans, copies and faxes is an affordable printing solution. Or, save on startup costs by handling printing, faxing and copying at a business service center.

If your business requires shipping products to customers, using a business service center such as The UPS Store to professionally package, weigh, ship and track your shipments ensures your shipments arrive on time and in good condition.

MEET AND GREET

If you need to meet with clients, but don’t have space for a separate office at home, search online for executive suites or co-working spaces where you can rent conference rooms on as as-needed basis.



Read in my blog more information by each step : ๐Ÿ’ฅwww.hobbytosmallbusiness.blogspot.com

๐ŸŽฏ
follow me @dartcrea for more FREE Daily tips about online business content
๐Ÿ’ฎvisit linktr.ee/dartcrea

๐Ÿ’ฅmy blog www.hobbytosmallbusiness.blogspot.com
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Saturday, December 20, 2025

Go for It!

  Go, go, go...!!!๐Ÿ‘๐Ÿ‘๐Ÿ‘ 

๐Ÿ’ขwww.hobbytosmallbusiness.spotblog.com

  




                  Starting a business while keeping your full-time job is challenging, but it’s also one of the best

ways to discover if you have what it takes to be a true entrepreneur. If you can handle the hard work and

long hours needed to juggle your business, your job and your personal life, you’ll be well prepared for the

demands of running a full-time business. 

How do you know when it’s time to make that transition?

Before you take the leap to full-time entrepreneurship, ask yourself these questions:

Is my business ready? When you wrote your business plan, you set goals you wanted to achieve

Common milestones you might use to determine your business’s readiness.

๐Ÿ’ข You have developed a new product, produced it and successfully found a market for it.

๐Ÿ’ข You have obtained outside financing to take your startup to the next level.

๐Ÿ’ข You have more business than you can handle.

๐Ÿ’ข You have expanded as far as you can working with freelancers and independent contractors, and need to hire employees.

๐Ÿ’ข Your business has reached a certain level of sales. 


Are my operations ready?

Before you quit your job, make sure that you have the following in place:

■  Systems and processes you can use to scale your business

■  Adequate equipment, software and other tools for full-time operation

■   A solid business credit rating and a good relationship with a business banker

■  Professional advisors such as an accountant, attorney and mentor

■  Adequate vendor and supplier relationships to meet the needs of a growing business


WHAT IF…?

■ If you need to devote more time to your business, but also need the income from your job…see if your current employer will hire you as a part-time independent contractor. You’ll still have income, plus the freedom to devote more time to your business.

■ If you need to devote more time to your business, but also need the benefits from your job…see if you can work part time at a level of hours that qualifies you to maintain your benefits.

Am I emotionally and mentally ready?

Take stock of how you and your family feel about your business so far. The challenges of running a full-time business are different than you’ve faced so far, but equally demanding—so don’t expect life to get easier. 


 

 Consider:

๐Ÿ’ฅ Are your personal relationships suffering as a result of your business?

๐Ÿ’ฅDo you have a strong support system of friends, family and mentors to encourage you in your transition?

๐Ÿ’ฅAm I financially ready? Insufficient capital is the number-one reason startup businesses fail. Before leaving the security of your full-time job, make sure your new business is on firm financial footing.

๐Ÿ’ฅHave you put enough money aside from your paychecks to support yourself until you can draw a full-time salary from your business?

๐Ÿ’ฅIf you have not yet reached breakeven, do you have enough working capital to keep the business going until you do?

๐Ÿ’ฅDo you need to make any major personal financial moves, such as obtaining a home equity line of credit or refinancing your home?

Do so before you quit your job. It’s harder to do these things when you are self-employed, especially when your business doesn’t yet have a financial track record.

 


 Say Goodbye...and Hello

                    When it’s time to say goodbye to your full-time job, be sure to leave on a positive note. Thank everyone you worked with and stay in touch with your former employer, co-workers and other colleagues.

These valuable contacts may be able to refer you to clients, become clients or serve as references to help you get new business.

Then say hello to your exciting new life as a full-time entrepreneur. You’re the one in control of your destiny now … and your business’s growth is limited only by your imagination, ambition and energy.

 ๐ŸŽฏ
.follow me @dartcrea for more FREE Daily tips about online business content
๐Ÿ’ฎvisit linktr.ee/dartcrea
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www.hobbytosmallbusiness.blogspot.com
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Saturday, March 1, 2025

Why you need a revenue goal

 

  ๐Ÿ’ขwww.hobbytosmallbusiness.spotblog.com

 

 

Why you need a revenue goal

๐Ÿ’ฅDirects your business strategy

๐Ÿ’ฅProvides a goal to work towards

๐Ÿ’ฅHelps with annual planning

๐Ÿ’ฅHelps with pricing individual projects

-Let’s set your revenue goal…

 


 STEP 1

What is your current financial situation

-how much revenue did you make last year

-how many projects did you work on

-what were your expenses last year

Were you happy with this outcome

STEP 2

Set a revenue goal for the year

-your revenue goal should be made up of: your ideal take home pay+tx+expenses

-Take home pay: how much do you want to take home in pay after tax+ expenses are paid

-Tax

-Expenses

.add how much you spent last year+ a little bit more

-Add these together to get your revenue goal for the year

STEP 3

Break down your revenue goal into manageable segments

-Divide your annual revenue goal into manageable segment- e.g. a monthly target…

-If you choose monthly remember that your business is most likely seasonal so factor this into your calculations (December/January tend to be quiet months but March/April tend to be busier)

 


STEP 4

Set a strategy for hitting your monthly /quarterly revenue target

Example:

-your annual revenue target is 100 000$ (home pay+ your pay+tax+expenses)

-your quarterly target is 25 000$/quarter

-your average project cost last year was 10 000$/project

-this means you need 2.5 projects per quarter to hit your annual revenue target

-which is about one per month (taking into account seasonality)

 STEP 5

Laser focus your attention on lead generation

-using the numbers on previous slide you now know how many projects you need each month to hit your annual revenue target

-your monthly goal is now to work out how to get that number of clients

-this longer topic-but your guiding question should be:

’’What lead generation activities do I need to do EVERY DAY in order to bring in X paying clients per month”

 STEP 6

Regular monthly review:

-review your revenue and expenses every month track your progress

-I do this on the 1st of each month for the month that has just gone using my ‘’business reset and review template’’ in Notion

 


Setting a revenue goal will help you price your design projects (and give you a target to work towards every month). Let’s set yours for 2025!

 

The page contains affiliate links. If you click on a clink and make a purchase, I will earn a commission at no additional cost to you. Thanks for your support.

In this post I share how to set your revenue goal and how to then use this to guide your lead generation activities (so you find the right number of clients and hit your target!).