How to Start a Home-Based Craft Business

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Overview

Are you passionate about crafting? Have you ever wanted to be your own boss and set your own schedule while pursuing something you enjoy? Now you can make your dreams a reality. 
Using plain language and easy-to-follow worksheets, Kenn Oberrecht takes you through every aspect of setting up and running a thriving home-based craft business. He shares his professional experience and expert advice on everything from learning your craft and estimating start-up costs to managing your business and developing new products, services, and markets. Whether you're just starting to explore your options for a home-based business or are a crafting wizard ...

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More About This Book

Overview

Are you passionate about crafting? Have you ever wanted to be your own boss and set your own schedule while pursuing something you enjoy? Now you can make your dreams a reality. 
Using plain language and easy-to-follow worksheets, Kenn Oberrecht takes you through every aspect of setting up and running a thriving home-based craft business. He shares his professional experience and expert advice on everything from learning your craft and estimating start-up costs to managing your business and developing new products, services, and markets. Whether you're just starting to explore your options for a home-based business or are a crafting wizard looking to be your own boss, this guide can help you establish and build your own successful craft business.

Includes:

Market Survey Worksheet

Estimated Start-up Costs Worksheet

Profit and Loss Projection/Report Worksheet

Sample Invoice

Sample Statement

Sample Purchase Order Sample Business Plan

101 Craft Search Topics

A Dozen Ways to Expand Your Craft Business

Source Directory

Product Details

  • ISBN-13: 9780762744008
  • Publisher: Globe Pequot Press
  • Publication date: 7/1/2007
  • Edition description: Fifth
  • Edition number: 5
  • Pages: 224
  • Sales rank: 1,189,202
  • Series: Home-Based Business Series
  • Product dimensions: 7.38 (w) x 9.20 (h) x 0.63 (d)

Meet the Author

Kenn Oberrecht is the author of more than two dozen books and numerous articles in home-and-workshop magazines. He lives in North Bend, Oregon.

Table of Contents

Introduction xi
Chapter 1 Starting Your Home-Based Craft Business 1
Look Before You Leap 2
Should You Start Your Own Business? 2
Hobby vs. Business 8
Part Time vs. Full Time 9
Learning Your Craft 10
Artist vs. Artisan 13
Specialist vs. Generalist 14
Salable Crafts 14
Artisan Turned Manager 16
Chapter 2 Working Out of Your Home 19
The Pros and Cons of Self-Employment 20
Setting Up Your Business Space 23
Handling Growth 29
Working with Others 30
Separating Business Life from Personal Life 36
Chapter 3 Financial Planning 39
Start-up Costs 40
Opening Bank Accounts 42
The Personal Financial Statement 43
Columnar Pads for Accounting and Bookkeeping 45
Profit-and-Loss Projections and Reports 45
Balance Sheets 48
Cash-Flow Projections and Reports 50
Credit and Borrowing 53
Chapter 4 Financial Management 57
Pricing for Profit 58
Managing Accounts Payable 63
Managing Accounts Receivable 65
Purchasing 71
Numbering Systems 75
Is the Lowest Price Always the Best Price? 75
Fiscal Conservatism 76
Chapter 5 The Legal Aspects of Your Craft Business 77
Sole Proprietorship 77
Partnership 78
Limited-Liability Company 80
Corporation 80
Zoning Ordinances 81
Naming and Licensing Your Business 81
Hiring a Lawyer 84
Insuring Your Home-Based Business 85
Trademarks, Patents, and Copyrights 87
Contracts 93
Chapter 6 Writing a Business Plan 95
Why You Should Write a Business Plan 96
Organizing Your Business Plan 98
Cover Page 99
Table of Contents 101
Executive Summary 101
The Organizational Plan 101
The Financial Plan 102
The Management Plan 106
The Marketing Plan 108
Appendixes 110
Chapter 7 Taxes and Record Keeping 111
Using Your Home as a Business 113
Use Test 113
Using a Vehicle in Your Business 117
Using a Computer in Your Business 121
Business Expenses 122
Depreciation of Business Property 123
Estimating Your Taxes 125
Record Keeping 126
Capitalizing Start-up Costs 128
Sales Tax 130
Chapter 8 Using a Computer in Your Business 133
Getting Started with a Computer 134
Hardware Overview 138
Software Overview 143
Buying a Computer System 145
Computer and Software Sources 148
Working the World Wide Web 148
Chapter 9 Managing Your Craft Business 155
Setting Goals 155
Job Planning, Forecasting, and Scheduling 156
Business Planners and Calendars 158
Business Files 167
Problems in Managing Your Business 171
Productivity 173
Business Communication 183
Follow-Up 185
Procrastination 186
Chapter 10 Marketing Your Craft Business 187
Creating a Marketable Reputation 187
Market Analysis 188
Selling to Shops and Galleries 190
Craft Fairs and Trade Shows 191
Dress for Success 192
Hiring a Rep 192
Publicity and Promotion 193
Public Relations 195
Displays and Donations 197
Advertising Your Business 199
Internet Marketing 203
Developing New Products, Services, and Markets 206
Selected Bibliography 211
Source Directory 213
Associations 213
Book Publishers 213
Computer Companies 214
Craft Supplies 217
Direct Sales Outlets: Business and Office Equipment and Supplies 218
Direct Sales Outlets: Computer Products 219
Magazines 221
Multifunction Peripherals 224
U.S. Government 224
Index 227
About the Author 239

Customer Reviews

Average Rating 3.5
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Sort by: Showing all of 4 Customer Reviews

  • Posted February 13, 2010

    Great buy very informative!

    I enjoyed the book very much it not only had general info about how to go about getting your business started but it also had info on how to handle your financial issues and examples of some financial reports to get you started. Overall good book for not only craft businesses but all businesses.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted August 30, 2000

    Good General Overview

    Simply put, this an easy to read book for one considering entering the craft field as a business and not just as a hobby. Kenn discusses the pros and cons of such a decision and encourages one to think carefully before starting a home-based business. He outlines managerial, financial and marketing templates for the artisan. The material is exact and full of useful tips and pitfalls to avoid. Anyone starting a home-based business should read his steps and make sure to follow his processes. The book is not written with an MBA viewpoint but rather from a down-to-earth and straightforward one. He uses his past experiences to help the business neophyte enter this exciting world. His advice is sound and the templates are practical for anyone starting a home-based business. Regardless, this style leaves one wanting more craft specific details. While Kenn started his own craft business, it is not until the later chapters that there is craft specific advice. This book could do well for any home-based business. See his other titles for proof. We had hoped that future editions would include all of the business templates in popular electronic formats like Word, Excel or better yet HTML; but still nothing. Finally, we really like the new updated web and internet tips. See ijudy.com for more details.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted October 12, 2010

    No text was provided for this review.

  • Anonymous

    Posted December 13, 2009

    No text was provided for this review.

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