Home Business

This series offers guidance on starting and managing a home-based business. It provides an overview of the options available in creating a home-based business and how to evaluate these options. Topics related to financing are examined, including writing a business plan and preparing financial statements, evaluating financing options, planning for personal expenses, and preparing for the loan application process. Office management considerations are covered, including equipment and insurance, hiring others, keeping the books and other tax considerations, and maintaining a professional image.

Syllabus

CHOOSING A HOME BUSINESS

Provides an overview of the options in creating a new business from home, buying a franchise, buying an existing business, or joining a partnership.

• Weighing the Options
• Choosing the Right Business
• Creating a Business Concept
• Franchises
• Buying Someone Else's Business
• Joining Other Existing Businesses
• Solo Ventures versus Partnerships
• Forms of Corporations

RAISING FINANCING

Explains how to create a business plan and raise the money to support the plan.

• Creating a Business Plan
• Supporting Your Financial Plan
• Making Ends Meet
• Raising Money
• Using Personal Resources for Funds
• Borrowing Funds

OFFICE MANAGEMENT

Explains how to set up and manage an office at home.

• Zoning and Creating an Office
• Phone Lines and Options
• Choosing Office Equipment
• Marketing Your Business
• Advertising on a Shoestring
• Invoicing and Payments
• Hiring Assistants
• Being an Employer
• Insurance

MANAGING YOUR BUSINESS

Explains how to run a home business, including such topics as keeping books and dealing with taxes.

• Keeping Books
• Paying Taxes
• Tax Write-Offs
• Tax Deductions
• Taking Time Away from Work
• Presenting a Professional Image
• Keeping In Touch with the Outside World

Qualifications

Qualification: Printable Transcript

On completion of this course you may print a transcript off as evidence of your progression throughout the course.

Requirements for Entry

There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.

Study Options

If you do not have Internet access, or would prefer to study this course via the traditional paper/postal based study method, you can find more information on the course by clicking on the link below.

Study Hours

This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper.

The approximate amount of time required to complete the course is: 40 hrs.