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  • The average income for home office households is $59,000, versus $45,000 for total households.
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    « Get More Decor for Your Home Office | Main | Health Insurance when Self-Employed »

    September 26, 2007
    Home Business Mistakes

    When it comes to having a work at home business, there are plenty of ways you can make it better. But it’s important to avoid the pitfalls, too. Home Biz Note offers 9 Mistakes a Home Business Owner Shouldn’t Make:

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    *Tell a customer they’re wrong or stupid and don’t know what they’re talking about…even when they have no clue.

    *Don’t worry about meeting deadlines for producing an item or providing a service.

    *Ignore a customer’s complaints.

    *Fail to file taxes because it’s “just a little business.”

    *Pay employees “under the table”

    *Use “shoe box” bookkeeping.

    *Cut corners on quality because “the customer won’t know.”  They should be glad I’m keeping the price cheap.

    *Fail to return customers’ phone calls or e-mails.

    *Fail to add all your expenses and overhead when determining price…then wonder why you keep losing money.

    One of my biggest pitfalls was actually the last one. Even though I have minimal overhead, I sometimes forgot that I do have some expenses, other than my time, and it’s important to factor in those expenses, and add them to the quoted price.

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