Most businesses set out a budget. Not Amy’s Kitchen, who has grown from a home-based operation to multi million dollar business. Instead of working within the limitations of their budget, they focused on what they needed to create quality products.
The most common problem of home-based entrepreneurs is the lack of capital to start a business. But there’s the flip side to it: when having too much money becomes problematic and the entrepreneur becomes wasteful.
When starting a business, you need to ensure that it stands a chance to succeed. To do this, you need to have adequate capital that can jumpstart and sustain the new business. Know how much it will cost to run the business and how much money you are likely to make.
One of the common scams about starting a business is the wide variety of available grants.
You can save up money to fund your own business. Or you can find other people to finance your business, often called OPM.