By Marcia K. Washburn to Ask Before Starting a Home Business
Many families are strug- gling as a result of today’s economic challenges, and homeschooling families
are not exempt. Uncertainty in the job
market and spiraling food and gas prices concern everyone, especially those
of us known as SILKS: Single Income,
Lots of Kids.
The Why of the Business
Why do you want to start a home business? To supplement the family income?
To get out of debt? To build a nest egg?
For personal fulfillment? To be able to
give more generously to the church or
It is important to determine the mission of your business. Without a goal
in mind, it will be impossible to write a
good business plan and to make decisions about the daily operations.
The Who of the Business
Address the question of who will be involved in this business. Would you and
your husband run it together, or would
this be something that you do while he
continues to work at his present job?
. . . There are strict
whether a business
is truly a business
or merely a hobby.
Is the business family-friendly? How
will this endeavor impact your children?
Your homeschool? Will you be able to
meet your family’s needs and still run
Will your children be able to make a
contribution to the business in some
way? Is your family strong enough to bear
the weight of this business, especially
during the early years when you are just