Rid yourself of that nagging boss by setting up a home based business right away. What form this business will take is up to you and you alone. But first, a little bit of information is required to give you an idea of how easy – or hard – establishing a home-based business is.Working from home is everyone’s dream, but making that dream a reality is not a task for everyone. Above all else, you have to think if you could work in an environment where your kids or pets are running around. You have to be focused in order to do this work. The next thing to consider is the amount of space you wish to devote for a workspace. The bigger it is, the higher the cost of renovating will be.After finishing these preparations for setting up a home-based business, it is time to stock up on pens, papers, filing cabinets, or whatever else needed to enable a smooth operation. Other modern necessities like Internet access or phone lines are most likely already installed, so there shouldn’t be a problem in this department. One thing is recommended when it comes to phone lines: a separate phone dedicated strictly to business should be considered. The only thing you need to buy is a fax machine. If that fax also incorporates scanning, printing, or copying features, that would be great.Another important base that needs to be covered is to look, and work, like a professional. The aforementioned separate phone line is one step in that direction, but you will need a website and/or business cards. Spare no expense when it comes to making a positive first impression. You might be small, but no one will hold it against you if you try to look big.That about wraps up the “hardware” part of setting up a home-based business. Now comes the money part. Check with the authorities to see what the best solution would be for you and your business when talking about taxes. It is always worth it to pay fewer taxes, if you can. Also, when it comes to buying materials, or renovating, look for inexpensive places to get them. A supermarket is one good place to start the search. Save as much money as you can, as this commodity is beginning to get increasingly hard to come by.Setting up a home-based business also requires a solid grasp of whatever it is you want to do. If your mind is still blank about what to do, here are a few suggestions: blogging, Internet marketing, or web-site building. Or maybe you would prefer more traditional activities like setting up a delivery service, home cleaning, or scrapbooking. These are only some ideas, but the list of home-based businesses is virtually endless. It all depends on your skills, willingness to learn new things, and fighting spirit. Being your own boss is not an easy thing, but is extremely rewarding in the long run.If the idea of setting up a home-based business was already brewing in your mind, then it is time to put it to practice ASAP.