5 things you should know if you want to start a business from your home

What do Google, Apple, Microsoft, Amazon, Disney, and Hewlett-Packard all have in common'Aside from being multi-billion dollar corporations today, all six of these respected firms were started in the founders garage.These sterling examples show it's entirely possible to launch a business from one's home, and not only possible, but sometimes the smart choice when capital is low.SEE ALSO:An entrepreneur and investor gives his best 3 pieces of advice for people who want to start a businessStarting a successful home businessMany firms started in garages, basements, or living rooms before they moved to formal office buildings.At the same time, though, manyothers have failed to move beyond this initial stage. The difference lies partly in how serious the founders areabout their businesses.If you want to be successful and reach the point where you can grow and establish a permanent office location, youll need to implement and follow these five tips.1. Understand the rules and regulationsEvery region has its own requirements with regard to what classifies a business and where a company may be located. Your due diligence will include checking with city and county regulations as well as neighborhood bylaws to make sure you arent breaking any rules with the kind of business you plan to launch.You can use the US Small Business Administration'spermit tool to find out more about the licenses and permits required in your area. These may include any or all of the following: general business license, professional and trade license, home occupation permit, sales tax permit, health and safety permits, sign permits, construction permits, and undoubtedly more.The last thing you want is for your business to get into full swing, only to have someone come and shut it down.3. Set up a secluded officeEvery home business needs a home office. Although you might pack boxes or manufacture product in your garage or basement, there also has to be a secluded spacewhere you can get work done without being distracted.You dont have to go overboard with the space, but do what you can to make it your own. A home office that's both functional and stylish could increase productivity and output.It will also give your business a more professional feel. Dont spend a ton of money on an office early in the process, but definitely address this aspect sooner rather than later.See the rest of the story at Business Insider
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