You can earn quite a decent profit from making and selling jewelry. But it can be quite a challenge to set the 'right' price for your creations. You can't price it so high that people won't buy, but it would be unfair to you—considering the time you put in your work—to sell it too low, too. Here is a simple guide to pricing your jewelry. It takes into account the cost of … [Read more...] about How to set the prices of your jewelry
Pros and Cons of Starting a Home Based Business
People dream of having a home based business for many reasons. 'I want to spend more time with my kids.' 'I can make more money working for myself.' Or 'I want more flexible hours.' While these are all true, like all things, home based businesses have their own difficulties and drawbacks. Here are the real pros and cons that real entrepeneurs have encountered. As one put it, … [Read more...] about Pros and Cons of Starting a Home Based Business
5 Questions to Ask Before Starting a Home Based Business
Many people dream of starting a home based business: 'I'd like to quit this 9 to 6 job, work from home, and be my own boss!' But it's not as easy as that. In fact, there are some aspects to a home based business that is actually harder than being a salaried employee. Here are some realities of running a home based business that can help you decide whether it's really for … [Read more...] about 5 Questions to Ask Before Starting a Home Based Business
How to Track and Avoid Bookkeeping Errors
Big businesses have the advantage of having a professional accountant whose sole job is to watch the numbers. Small home business owners, or even self-employed consultants or freelancers, have to do bookkeeping themselves--on top of everything else the business demands. With this set-up it's quite possible for you to make bookkeeping errors. Mistakes happen, but when those … [Read more...] about How to Track and Avoid Bookkeeping Errors
4 Questions to Ask Before Turning a Hobby into a Business
You love baking and your friends say you make the best cupcakes in the world. 'You should sell this!' they say—and your mind starts whirring. Maybe you can turn your hobby into a business. Maybe you can make loads of money doing something that you love. But this is a major decision. A hobby is fun; a business, however, is inherently risky and will take hours of your time. … [Read more...] about 4 Questions to Ask Before Turning a Hobby into a Business