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I am considering starting a home business. Can I do this without a lot of money? 06/12/2010
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You will find it's possible to have some of the resources you need at essentially no-cost such as credit card merchant services, website, etc. Still, you should expect to need a little money for obtaining the materials you may need to deliver products or services. Perhaps this could be assisted using a personal credit card.

For example, you can sign up for a Google Checkout account at no cost and begin to accept credit card payments. You'll pay a small percentage (about 3%) of the amount and some small fees (usually less than $1) each time you bill a credit card, so include this in your prices to cover these expenses. There are other solutions such as Weebly.com for setting up a free website with an online store.
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What should be the main content of a business plan for a startup business? 06/10/2010
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I suggest you consider a business plan to be a road map and score keeping guide for your business. Include whatever information might be needed to allow someone else to know if your business is heading towards success or not. For example, could you show the business plan to a stranger (perhaps an investor) and would they have the guidance to keep the business moving forward towards success and away from failure?

It would be very useful to understand the things that could go wrong and how you would react to them -- new competition, bad debt, etc. Knowing what could hurt or kill your business in advance would allow preparation of rapid responses for each risk.

In any event, the business plan should be considered a continuous draft and be reviewed and updated as often as needed to incorporate lessons learned during the start and operation of the business.
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