How to Start a Service-Based Home Business as a Parent

Many parents enjoy the flexibility and convenience of working remotely. Although e-commerce is one of the most common work-from-home businesses, there are many options available to those who would rather operate a service-based company.

Explore the Possibilities

There are so many possible home-based ventures, you may be overwhelmed trying to choose what service to offer. When making this decision, start by considering your interests and abilities. If you are passionate about your work, you are more likely to provide top-notch service for your clients.

For example, those interested in fitness may offer personal training services. Data show that this field is expected to grow more quickly than other professions. If you choose to pursue this career, research available certifications to ensure you are offering the best lessons you can. Generally, private lessons are offered in clients’ homes or at local gyms. Ask nearby fitness centers about specific policies related to nonaffiliated personal trainers.

For those interested in a less physical profession, private tutoring may be the way to go. Options include subject-specific tutoring and standardized test prep. You can offer virtual and in-person lessons. Sessions can be conducted at your residence, your students’ homes, or a public location such as a library.

Other options for home-based businesses include:

Bookkeeping
Event planning
Virtual assistant
Web designer
Writer
Social media manager

If you have multiple skills, consider offering a variety of services. For example, you can create web pages for companies as well as manage their social media presence.

Create a Business Plan

Once you know the type of service you intend to offer, create a business plan. This is a detailed document that describes how the company will function. Conduct market research to verify that there is a need for the service and to determine how much to charge and the best way to advertise. Include estimates of income and expenses and a list of all team members and duties. Choose the organizational structure that best fits your needs. Sole proprietorships are fairly easy to start, but other structures may offer liability protection and tax benefits.

A strong business plan makes it easier to qualify for funding. There are many options available for entrepreneurs, including loans and grants. Keep in mind that members of specific groups may qualify for unique funding, such as tribal or private grants for Native Americans.

Open for Business

After you have made a sound plan and collected the necessary funds, it is time to open for business. Set up your home office to maximize productivity. If you leave home to provide a service such as personal training, you may not need much in your office beyond a computer with bookkeeping software. Other businesses may need seating for clients, a web camera for video conferencing, or other specific tools. Every workspace should have a comfortable chair and good lighting.

When you work out of your residence, you may not be allowed to have signage letting people know about your business. This means other types of marketing are especially important. Create a website and use social media. Consider direct mail flyers. Use the information from your market research to tailor your advertising strategy to your unique customer base.

Opening a home-based business poses many challenges, but a little planning goes a long way toward making the process smoother. Take your time to ensure that you have a workable idea and a work area designed for maximum productivity.