Starting a business from home in 2021: essential steps to get you going [Video]

Starting a business from home in 2021? Here are some fundamental steps that will put you on the right track for a good start:

Find your business idea: it has to be something you have the experience and/or skills for, that there’s a demand for in the market, and that can be done from your home.

Create your business plan: decide your marketing strategy and calculate how much money you need to begin, your monthly expenses, and how much time you need to break even.

Set up your legal structure: commonly small businesses are set up as sole proprietorships or LLCs, but depending on your business, other forms could be more suitable.

Get your basics in order: even if your work will be done from home, you’ll still need a business bank account, a license to operate (depending on your field) and business insurance.

Create your workspace: it can be a home office in a spare room or a corner of your bedroom, a workshop in your garage, or your back yard.

Get to work!

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