Entrepreneur Basics Entrepreneur Basics | Page 18

What About People If the intended home business is comparatively small in nature and ventured into with an experimental frame work in mind the initial commitment of employees may not be immediately needed. In some cases the use of family members and friends would serve just as well. Using such assistance as family members and friends may help to keep the cost down in the initial stages of the home business. This will be evident in the lower compensation package needed for this form of assistance and also the lesser need for payments such as medical coverage, insurances and others to be made. Therefore tapping into this may present the individual with a most cost effective start up budget and the savings made can be put towards any future expansion programs. In considering if there is a need for employing staff for the home based business here are some points that should be looked into to help give a better overall perspective to the individual: Ensuring there is a real need for such assistance the individual should then decide just ho