Fear of starting a business

Are You Scared to Start a Home Based Business?
by Michele Miller

Every year more and more people are working from home, starting their own businesses. Men and women, even teenagers are starting their own home business ventures. In the last ten years work-at-home businesses have tripled, according to statistics. I think it's probably more than that actually. Just look at how many people make a living selling things on EBay!™

It's no wonder really why so many people want to work at home and there are a vast amount of good reasons why.

The costs of traveling, including vehicle maintenance, the cost of gas, child-care, and dry-cleaning, are just a few good reasons why it's cheaper to stay home and work, right?!

Not having to answer to a boss or a supervisor is another great reason too. Being able to set your own hours and work when you want to work is a definite plus as well.

Some people can't see how they are going to do it though. I mean, how are you going to give up work and replace that income and not worry about how you are going to pay the bills? It's impossible, right? -- Wrong! -- It's not impossible, and it will take some hard work at first, and some extra working hours, but you can do it if you want to badly enough.

Choose a business that will allow you to work in your spare-time and keep your job, and you have eliminated the risks. This is not possible in all circumstances, but for the small business person, it's the ideal way to go. If this is not possible, make sure you set aside enough income to live on while you get your business established.

There's going to be some sacrifice in the short term, such as working extra hours in the week building your business. But those kind of sacrifices will still allow you to sleep at night and not put you in the poor house, thereby increasing your chances of success!

A lot of people do some "side work, or extra work" at first to gain customers or to save up some extra cash to start a business or pay for inventory. I know one mechanic who did some evening and weekend work so he could save enough money to buy his own tools and work out of his garage at home, for himself. Now that garage has grown into two workshops in his back yard and he employs another mechanic to help him out.

I have two friends who do the home parties. One lady sells Mary Kay and the other lady sells candles. Both are quite successful. The lady who sells the candles has only been doing so for just over eighteen months and her income exceeds $50,000 per year. Once you have the vision of working from home, you will find a way to make it happen.

You need DISCIPLINE AND MOTIVATION. That's as important as your business idea. You need to be a go-getter kind of person to have your own business. You need to be willing to get things off the ground yourself, and often willing to work for no financial return at first, or very little financial return. It helps to have vision; you have to sow the seeds to see the flowers. Overnight success is quite rare.

You can help yourself stay motivated by making a "to do list", and "working your business" every day in some small or big way. It doesn't really matter as long as you have a "plan" and keep chipping away at it until it happens. You hear people say all the time that you need to set your goals, well that's great advice, and a "to do list" will enable you to cross off things as you work through them, giving you a feeling of accomplishment as well.

If you really have the dream of working for yourself out of your home, it is possible, you just have to be determined to find a way to do it. Millions of people are realizing this dream, - you can make it happen for you too!

Michele Miller is a home-based business owner and the author of an ebook about starting a Profitable Medical Transcription At Home Business. /http://www.startasecretarialbusiness.com/medical-transcription.html

Legitimate Home Businesses



General transcription work from home

Start a Web design business

Resume writing business

Secretarial Services - Transcription

Professional Transcription and Your Business

Note from Leva: This article explains why businesses need transcription services and what's required to provide professional transcription.

Got stacks of audio tapes that need to be converted to a more user-friendly format? Professional transcription services may be the answer.

Professional transcriptionists can take standard or micro cassette tapes and produce a typed version of the text in a format that's clear, consistent and correct. They can create transcripts of taped meetings, training sessions, seminars and conventions, as well as dictated letters, reports and manuscripts. Once the information is transcribed, you can easily email, fax or post it to a Website.

Accuracy Is Essential

Transcribing actually covers a variety of services. It can include whatever editing is necessary to make a report or letter 'flow'. It can also include the tweaking sentence syntax, adjusting paragraphs, removing redundancies, and repairing general grammatical errors.

For some professions, a high degree of accuracy in transcripts is crucial. For example, medical transcriptionists must carefully listen to dictated recordings made by physicians and other healthcare professionals and accurately transcribe them into reports, correspondence and other administrative materials that eventually become part of patients' permanent files. Their ability to understand and correctly transcribe patient assessments and treatments reduces the chance of patients receiving ineffective or even harmful treatments and ultimately ensures high quality patient care.

Accuracy in transcripts is equally as important in other fields. In legal matters, it's essential because all testimony must be rendered exactly as it's spoken. Likewise, police detectives require precise transcripts of statements by suspects and witnesses. In the corporate arena, letters, meetings and training sessions must be properly transcribed for the sake of effective education and communication.

Requirements For A Good Transcriptionist

Whether you need medical, legal or general transcribing for your business, accurate transcribing requires a unique set of skills. But if your staff lacks the expertise or time to transcribe materials in house, an outside company can easily fill the void.

Working with an outside vendor offers a variety of cost-saving benefits, including:

• No cost of special equipment.
• No hourly employee downtime. You pay only for production.
• No Social Security, payroll or unemployment taxes.
• No medical insurance benefits, paid vacations and sick leave

But before you run out and hire the first transcription company available, make sure it has the skills to meet your needs. The outsourcer you choose should be:

• Well-versed in the English language
• Knowledgeable of the rules of grammar
• Familiar with your industry
• Easily accessible for questions

For more information about professional transcription services, contact Kate Smalley, Connecticut Secretary, at 203-641-3739 or mailto:kms@connecticutsecretary.com
Copyright 2004, Kate Smalley
Connecticut Secretary
Freelance Secretarial and Transcription Services - http://www.connecticutsecretary.com
203.641.3739 mailto:kms@connecticutsecretary.com

To find out how to become a transcriptionist, visit https://generaltranscriptionworkfromhome.com

Home Based Medical Transcription

If you have typing skills, you should seriously consider a medical transcription at home career. You can start small and build up your business at your own pace, in your spare time.

According to the U.S. Bureau of Labor Statistics, medical transcriptionists can expect job opportunities to be good. Government job information data suggests that employment of medical transcriptionists is projected to grow faster than the average for all occupations through 2012.

My friend Michelle Miller has helped many people start a medical transcription business. She can help you too. The Step-by-Step Guide To Medical Transcription at Home. Visit http://www.startasecretarialbusiness.com/medical-transcription.html

Below is an article written by Michele.

A Medical Transcription At Home Career

As a medical transcriptionist, I get asked several times a month how I got started in this business. So many people nowadays want to work from home, especially mothers with young children. That's the primary reason I started my home business ten years ago, so I could be there for my daughter. I didn't want someone else taking care of her after school instead of me.

It's really not hard to start a medical transcription business. The start-up costs are low compared to many other home-based businesses.

You need a form of education, via home study courses or by attending your local community college. You do NOT need a degree in medical transcription to start a business either. In a short amount of time, usually nine months or less, you can be working from the comfort of your own home, just like me.

You will need some equipment, such as a computer, a printer, a transcriber, and some reference books. All of which can be purchased second hand if need be. The latest and greatest equipment is not necessary to get started.

Now, there are some special skills you will need, outside of the education, which include:

• Ability to type - your speed will increase with experience.
• Excellent grammar skills.
• Good listening skills.
• Basic computer skills with a work processing program.
• Research skills.
• Must be detail oriented.
• Ability to work on your own.
• Ability to maintain work deadlines and be a self-motivator.You will also need some computer programs such as a medical spellchecker and a word expander utility to cut down on the amount of actual typing you do. Some programs, such as Microsoft Word® include this type of utility. It is the best invention by far, in my opinion.
• Basic bookkeeping is necessary, but not difficult. A good bookkeeper is great to have when it comes to taxes and advising you about saving money with tax deductions for your business.
• Medical transcription is usually paid by the amount of work transcribed. Therefore, it is quite normal to charge your clients by the line. If you charge 13 cents per line and type 200 lines per hour, (this is a very comfortable speed to type) your hourly rate would end up being about $26.00.

Being self-employed does have some pitfalls. One must consider, as with any home based business, that once you become self-employed you are responsible for securing your own health insurance, and putting away money for retirement.

However, there are many positive things about being self-employed, as I'm sure you can imagine. For me, what I love the most, is the flexibility I have with my time. If I want to work late in the day I can, and if I want to work early in the morning, that's up to me. Running a home-based medical transcription business is a lot of fun.

Medical transcription is not for everyone, and it is important before venturing into any business that you weigh up the pros and cons of it all and do what is best for your situation.

Michele has helped many people start their own medical transcription business. She can help you too. She is the author of The Step-by-Step Guide To Medical Transcription at Home. Visit http://www.startasecretarialbusiness.com/medical-transcription.html

NOTE from publisher: As Michele said, medical transcription is not for everyone.  If you find the learning curve too steep, you might want to check general transcription. Visit http://generaltranscriptionworkfromhome.com

More Popular Home Businesses

General transcription work from home

Start a Web design business

Resume writing business