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Having a home business has a lot of benefits, but there are also some disadvantages. It's difficult to get any work done whenfriends and family, and neighbors don't understand that you are working because you're at home. Young children need to be taken care of and it's not possible to run a business effectively while taking proper care of children.

To be a successful home business owner, it is very important that you open a separate bank account solely for your business. You can then go to one place to locate your expenses and/or income.

Keep an attitude that will bring you success in your home business venture. You are not going to see the success that you would if you really considered it to be your real job if you go about your day thinking of your home business as a hobby. Keep a business attitude even when your business is in your home.

When running a home business that is a daycare, depending on how many kids you have, it is important to have sufficient help. There is so much that goes into running a daycare, from feeding the kids to giving them nap time, to just simply keeping an eye on them.

Before starting a home business take time to learn as much as possible about small businesses. There is a lot of information on this topic. The US Small Business Administration is a great place to start. You can visit them at www.sba.gov. There is a whole section devoted to home business.

It is extremely important to set up specific space and time to work. When you are interrupted, you must maintain those work-at- home boundaries. With small children, child care is required as if you were not home. As the owner, you don't have any benefits. Sickdays and vacations, and paid holidays are a thing of the past.