Starting a Successful Home Business: Tips and Ideas for New Entrepreneurs

This week’s question comes from Andrea who has recently had a baby and wants to start her own Creative Business, working from home. Andrea is keen to book onto our baby casting e-course but she wants to know:

• What are the most successful home business ideas?
• Which are the most profitable home business ideas?
• How to start a small business at home?
• Tips for running a small business at home?
• Which factors will most likely determine business success?

Many people make the choice to start their own business due to a life changing event. This might be, because they have just had a baby, or they want to work around child care arrangements. So whilst many people want to start their own creative home business, to create more freedom and flexibility in their lives, they don’t always consider what it takes to make a successful business.

First of all you need to have a good business idea and be sure that the products and services that you plan to offer,  have strong market-demand and are profitable.  There are so many ways that you can make money from Craft and turn your creative talents into a successful business, but it's important that you do the market research at the start, to ensure that you have a strong Business Success Plan.

Alternatively, if you know that you wan to start a Business, but have no business idea and you are currently researching successful and profitable home business ideas, please check out our  FREE Guide, "How to set up and start a Successful Creative Home Business," which will introduce you to several creative, low cost, high return Home Business Ideas, with tips for running a small business at home.

During my 20 years in business, helping hundreds of women from all over the world to start their own successful home businesses, I would say that one of the key strengths in any business is the owner!  So, you need to ask yourself are you right person for the job?

• Do you have passion for the business you are about to start?
• Are you enthusiastic and self-motivated?
• Can you commit plenty of time and effort to your business?
• Are you good at managing money and can you live without income for a while, whilst you develop your business?
• Have you considered how much you will need to earn to cover your living expenses?
• Do you have clear goals?
• Do you have a supportive network of family and friends?
• Are you a good decision maker with strong willpower?
• Are you well organised and a good planner?
• Are you friendly and personable? This is really important as initially it will be your personality that will build your customer base.

In my own opinion one of the key strengths of a business is the owner and your own personality. To succeed it is vital that you remain positive, committed and determined. There’s a big difference between people who have a negative and a positive attitude. Negative people rarely accomplish true success, because they let circumstances control their attitude.

Typically there are two types of people, the first are those who give up easily and tend to exaggerate the size of their problems. These kinds of people tend to refuse to find solutions to their problems; they normally get disheartened and give up easily if things don’t go to plan. These types of people don’t have the resilience it takes to run a success business.

The second group of people do not give up easily. If they are faced with a problem or feel like they’re failing, they learn from their mistakes and they make small changes and improvements to ensure their success. These types of people strive to work harder and they are most likely to be successful in business.

Running a business is a challenge but it also extremely rewarding and will probably be your greatest accomplishment. But certainly there will be no rewards without a lot of hard work and quite simply, you’ll get out what you put in.

So, my top tips to succeed in business are:

•       Always take the highs with the lows

•       Always remain, positive, forward thinking and optimistic

•       Always strive to find solutions to the obstacles you are likely to face

•       Be resilient

So long as you have all of these positive characteristics and a strong Business Success Plan,  I would say that you are a strong candidate to run your own successful  home business.

If you are specifically interested in starting a Creative Keepsake Business, we offer training courses through the Craft Ecademy to help you succeeed, along with Marketing and Business Support, through The Keepsake Guild and Victress Entrepreneurs. 

I hope that this answers your questions and you have found this week’s question and answer session helpful.

Remember if you want weekly tips and advice on starting your own home business, please subscribe to Victress Entrepreneurs, for valuable information, sent straight to your inbox.  

Don’t forget if you have any questions at all about starting your own creative home business, please leave them in the comments below, and ill do my very best to answer you in a future video.