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I'm a government contractor (employed by a big company) by day and I'm also a partner with my wife in a home-based business that does, well, government contracting!
Every business is different, but I can tell you some things to think about so you don't get hung up on the "I'm going to make MEEEEELLIONS!" mentality:
1. Expect to put in very long hours, even outside of your place of business
2. Expect to put personal things that you want to do on the back burner so you can tend to the business
3. Don't be surprised to find out that there is some obscure insurance coverage or license(s) that you MUST have in order to do business legally
4. Be prepared to pay a lot more attention to taxes more than once a year
5. Even if your business is solid gold right from the get-go, have plenty of capital for unforeseen expenses, especially in the first year!
We've only been making money on the business since February so I'm sure I'll be discovering more things that can be added to this list as time goes on.
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