Does a small business have what it takes to succeed in today’s economic climate? It is estimated that there are over three million small businesses in New York City alone. New York has the most successful small companies than any other city in the United States. With so many of these successful small businesses scattered throughout the state and the country, the entrepreneurial spirit is stronger than ever.
In order to be successful as a home-based business owner, it takes more than just one person to make it all happen. New York City has literally thousands of small companies- from restaurants to computer companies to accountants to manufacturers to distributors, and they are scattered throughout every industry of the economy. As a matter of fact, New York City is one of the most “upside down” cities in the United States. Home-based businesses are thriving in every corner of the state.
There are several unique benefits for those looking to start a home business: no capital need, minimal start-up costs, competitive prices on products and services. According to the Small Business Administration, home business owners “face many obstacles in competing with established firms, especially in the market for new business.” The SBA says that New York has some of the best programs in the nation for helping new business owners get off the ground. The following are seven tips for New York home-based business owners:
There is nothing quite like having your own boss. The best way to feel good about yourself as a New York home-based business owner is to think big. If you feel like you have reached some kind of pinnacle in your business, you will feel better about yourself and your abilities. Consider setting up a small daily plan for yourself. You can write out goals or just choose to go with a simple plan.
Another benefit of owning a home-based business in New York is that taxes are much lower than they are in many other states. According to the SBA, “In New York, the business tax rate is one of the lowest in the country. A home-based business owner can save hundreds of dollars on each year’s income tax obligation.” Home-based businesses in New York also pay less in taxes on their employees’ benefits.
Working from home is convenient, but having a home office is crucial to success. In order to succeed, you must be able to focus. The right desk for your home office, along with organized, comfortable chair and a quiet area to do your work, can help you stay on task. If you use a computer, make sure that it’s on a desk that doesn’t collect dust. It also helps to keep your home office at a comfortable height so that you won’t have any back problems or knee problems when you sit for long periods of time.
Because technology has advanced and has become less costly, most home-based business owners now have access to conference calls and email. These days, most people rarely leave home without a telephone. With conference calls and email, it’s possible to conduct meetings with clients and employees all over the world. Because technology allows you to run a more efficient and effective business, there’s no reason not to incorporate these into your home office.
Virtual offices are a growing trend among home-based business owners. A virtual staff is a team of people who work together from a remote location. This allows you to cut costs because you don’t need to provide office space, computers, phones, etc. There are a wide variety of services available that offer virtual receptionists, office staff, office managers, account executives, etc. For a small monthly fee you can get your entire virtual team to focus on your business and not have to pay for anything else.