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Session 3: Home based business

Session Quiz

  1. "Moonlighting" means:
    2.

  2. It is a good idea to quit one's job before beginning to plan for a business.

  3. The greatest risk in operating a business 'while still employed' is:

  4. It is not a good idea to enlist family members when running a home based business.

  5. The biggest single mistake made when selecting a home based business is:

  6. Turning a hobby into a home based business should be considered as a possibility.

  7. Operating a home based business is:

  8. Not having to deal with zoning or licensing requirements is a big advantage of operating a home based business.

  9. Competing with your employer in a moonlight business is a bad idea because:

  10. Operating a moonlight business which incorporates a well disciplined conflict of interest plan usually has advantages which outweigh the risks of quitting the job before starting the business.

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spacer Deciding on a business | The business plan | Home based businesses | Financing the business | Business organization | Licenses and permits | Business insurance | Communication tools | Buying a business or franchise | Location and leasing | Accounting and cash flow | E-Commerce | Opening and marketing | Managing employees | Expanding and handling problems

Getting financial controls in place | Getting your team in place | Customer feedback | Achieving lowest expenses | Develop negotiating skills | Alternatives for capital allocation | E-commerce | Growth by duplication | Vertical integration | Franchising your business | Global expansion | Buying businesses | Public ownership | Selling your business | Considerations for family succession

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