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How to Start an Interior Decorating Business from Home

 How to Start an Interior Decorating Business from Home

Starting an interior decorating business from home can be a great way to make money in your spare time, without having to leave the house or put on pants (well, it’s debatable about the pants part). Whether you are looking to make some extra cash or are hoping to become your own boss and start your own company, this guide will help you get started. It includes information on how to find clients and write your business plan so that you can keep track of everything that’s going on with your business.

Step 1: Know What You Want

Before you can build your business, you have to decide what it’s going to be. What kinds of products do you want to sell? How will people find out about your products and services? You need a clear vision for how your business is going to operate before you can move forward. To get started, check out these helpful guides: Start Your Own Business by Entrepreneur Press and Rich Mintzer; Starting Your Own Small Business by The U.S.

Step 2: Prepare Your New Location

Once you’ve identified your new home-based business location, start preparing it. With an idea of what sort of business you want to run, it’s time to prepare a budget and create a plan for making your decorating space look like a real-life version of its online counterpart. This will help clients feel comfortable with you and your services, which is essential when working with someone who may be living out of state or country. The goal is to make them feel as if they can come over and work with you in person—even if that isn’t possible.

Step 3: Work with a Contractor

After you’ve done your research and checked off every item on your checklist, it’s time to take action. Don’t be afraid to spend money on a contractor. To make sure that your budget is realistic, and your idea will work, you need a professional opinion. A contractor can answer any questions or concerns about zoning laws, building permits and design requirements—just for starters! They can also help you get organized by creating preliminary blueprints for potential customers. And if you decide to move forward with your business plan, they can begin working on drawings of how your finished product will look. When choosing a contractor, check references and portfolios carefully. You want someone who knows what they are doing and who has experience in similar projects. Also ask them how long it will take them to complete their part of the project; some contractors may have longer wait times than others. The last thing you want is to lose momentum because of delays caused by other people in your process!

Step 4: Don’t Run Out of Cash

One of the most important steps in starting your own interior decorating business is not running out of cash. No matter how large or small your budget is, you’ll have to be very careful about how you spend it when launching a business. It may seem like it would be nice if you could quit your day job and just work on building up your interior decorating clientele. However, it is important that you keep at least part-time employment while trying to get things started with your new company. This will help ensure that you don’t run out of money before your business begins to bring in income.

Step 5: Get Insurance

A small investment in insurance can protect your big investment of a new business. It’s a smart idea to get general liability insurance as soon as you start your business. Depending on what you do, your state may require that you carry other types of insurance—and it’s always a good idea to contact an agent and find out what’s right for you. Some businesses also need workers’ compensation insurance. If you have employees, be sure to check with your state labor department about how much coverage is required and whether or not you should purchase it. You might even want to consider life insurance if you have a family who depends on your income. Don’t forget about health insurance, too! Health issues are one of the biggest reasons people go under financially. The cost of healthcare continues to rise, so it pays to look into health coverage options early on. Many companies offer affordable plans through their own employers; if yours doesn’t, look into buying a policy directly through an insurer like Blue Cross Blue Shield or Cigna.

Step 6: Keep Good Records

Some sole proprietors don’t keep any records at all. Others keep a journal of income and expenses. Still others prepare a formal set of books with entries made every day, or at least weekly. Choose what works best for you, keeping in mind that more elaborate record-keeping can save time later if you ever have questions about how your business is performing. If you use accounting software, be sure to enter each receipt as soon as possible—the IRS has three years after a return is filed to audit it. Also note: Any money spent on equipment should be depreciated over several years using Form 4562; see Chapter 14 for details. And never forget to take deductions for health insurance premiums (see Chapter 9).

Step 7: Stay Organized

The Key to Successful Startup and Entrepreneurship. Don’t be a slacker: In order to run a successful business, you need to get organized. You can’t just wing it; if you want your business to grow, you have to create systems that will allow it to grow smoothly and efficiently. Your time is valuable, so don’t waste it with disorganization or procrastination—it doesn’t matter how brilliant your idea is if you can’t execute on it! Here are some great tips for staying organized and keeping your startup running smoothly.

Step 8. Have Fun!

This step is often overlooked. In fact, most people would say Oh gosh, I don’t have time for that! or I can’t think of anything fun. If you have more than one child, you know that they need down time and so do you. This can be playing a game, reading a book or magazine, watching TV with your spouse or even just relaxing outside by yourself. The key here is to make sure it’s something that relaxes you. Have Fun!!

I hope these steps help in starting your own home business online. It really isn’t as hard as some may think but it does take dedication and time management skills to keep up with everything on a daily basis.

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