Forums: Discussions for entrepreneurs and small business.

I am interested in starting my own home based errand/delievery service but i want to run it out of my house and maybe hire employees but, i want to keep it in my house.  Is there a limit to the amount of money you can make?

Hi Chris, Nice post! You answer is you can run your company out of your home. Dollar amount doesn`t matter. I do. Reguarding employees. Don`t have them. Treat as a sub contractors. Pay them a set fee. You will nee to make up a fee schedule for them. Hope this helps. 

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Tony

Those who care teach.

Chris;

I sure hope not!!!!

Stan

DIDO!

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Tony

Those who care teach.

There is no limit to the amount of money one can make from home. However, it is entirely dependent on what you are doing from home.

For example, a home based errand/delivery service definitely has its limits to the amount of money that one can make. Remember, there is only so much one person can do in one day, or in a given amount of time. You can only be in one place at one time, therefore if your business is dependent on someone being present in order for money to come in, then you have a definite limit.

Yes, you could hire employees to "replicate" yourself. Then you have to deal with employees. Or deal with sub-contractors. Remember, the IRS has some pretty harsh rules about sub-contractors. We are not CPAs or lawyers, but if we remember correctly, there is something about they cannot do 100% of their work for one company (you) and still be considered sub-contractors. If they look like employees and smell like employees, then they are employees. Check with a lawyer or CPA before you start playing the sub-contractor game.

Now, if your business is related to something online, then the profit per employee potential has much less limit. In other words, with just one of you, you can make bucks! Especially if you are doing something that doesn`t require your 100% attention like affiliate marketing. Even something like eBay makes you money while you sleep. Find something that makes you money while you are away. This is the goal one should have!

Pick your chosen profession well and make sure you consider how much of your time is required to make a certain amount of money.

Good luck!

I have to agree with lizardwizdom. You can not hire people directly and call them subcontractors. There are various laws saying a contractor has to be able to lose money working for you, can work for you 100% of the time, you can not tell them what to do day-to-day, i mean it`s pretty air tight. Like all other laws there are loopholes though, you just have to find the correct way to structure yourself.

You may also have to think about zoning laws. In some jurisdictions it is illegal to run a business out of your house (if you have customers visiting) if you don`t have a permit. The key to running a successful business is having good advisers though, so get a CPA, maybe consult a lawyer, and think about start-up consulting to get things rolling correctly.

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The only limit to how much money you can make is the limit on your passion and creativity.  Yes, zoning laws and understanding what a subcontractor is is definitely important.  But you know what?  The most important thing with any business is just to START!

Don`t shoot for the 5-year plan that makes millions.  Just start getting cash-flow going.  When you recognize that you income is limited by the amount of hours you yourself can put it, you`ll start getting creative.  But you really don`t know what your business will look like until you get going.  So just start!  There are no limits.

Blessings,
Andrea
http://intuitioninbusiness.com

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The Extra Money Blog
Make Extra Money Online - Paid Surveys
File an Airline Complaint - Sue the Airline
Dubai Information
Accounts Receivable Factoring
Structured Settlements
Raw Food for Dogs
Care of Bamboo Plants

In one word "NO!!" there is no limt to how much you can make at home.

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