Entrepreneurship 20, 30
Analyze the steps for starting a home-based business within the community.
Indicators for this outcome
| (a) | Define home-based business. |
| (b) | Discuss reasons why individuals start home-based businesses. |
| (c) | Research the prevalence and types of home-based businesses within the community. |
| (d) | Examine the advantages (e.g., tax deductions, low overhead and location) and disadvantages (e.g., limited space in the home, issues with neighbours and difficulty separating work from family life) of operating a home-based business. |
| (e) | Research factors (e.g., zoning, liability, legal and insurance) that should be considered when establishing a home-based business. |
| (f) | Outline the steps for establishing a home-based business within the community. |
| (g) | Identify direct sales companies (e.g., skin care, health and wellness, home cleaning products and make-up) that may represent potential home-based business opportunities. |
| (h) | Reflect on personal interests, hobbies and skills that could potentially lead to the development of a home-based business. |
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