Hi. I have recently lost my job and now I want to use this unfortunate circumstance as the opportunity to turn my hobby into my work. I already figured I will be working from home to start with. Only I am unsure what steps I have to undertake if I want to go into business as soon as possible. Can you please give me some advice?
Having your business at home is the cheapest option and you are probably right in opting for this. It means you dont have to pay any additional costs for office/shop space. Apart from this, do you need starter capital? It might be better to look for investors or a loan from the bank rather than investing your own money. If you dont need a large amount you can even get a personal loan and use this money for your business. That is a lot less complicated than business credit. Budget carefully, this is the biggest obstacle for new business owners.
