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Start-up Investment
Low - $1500 (personal computer, good laser printer)
High - $165,000 (several full-time employees, 3 months salaries, equipment and rent)
Break-even time - Two to six months
Estimate of Annual Revenue and Profit
Revenue $25,000 - $400,000 (solo at low end, with twenty full-time employees at high end)
Profit (Pre-tax) - $15,000 - $200,000
The American Dream -- a Dilemma?
Most American moms and dads still have the same dreams they had a few years ago; buy a home, provide for their children, and send the kids to college, but the price tag for fulfilling this dream climbs higher and higher every day. Long gone are the days when the husband went off to work in the mornings and the wife stayed home cleaning house, taking care of the kids, and baking cookies. Very few families can live on one income and that means that both parents have to go out and find work.
Unless... he/she can find a way to stay home and still earn a living. And that is just what many enterprising moms and dads are choosing to do. Cottage industries are springing up all over the country. Word processing can be one of the most lucrative of these cottage industries. For the price of a computer, printer, software, a person with a background in word processing can create his/her own in-home business.
One Step at a Time
Before you begin your word processing business, do your homework. Find out what is the software program of choice in today's business community. You will want your computer system to be compatible with your clients. Next, look at the make-up of your industrial area, an arts community, a thriving business area? By checking out the demographics of your area, you can make a decision regarding the type of advertising you want to use.
In the beginning, you will want to try all sorts of
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