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If any business expenses arise from having to entertain clients, you can deduct these costs out of your taxable earnings. Such meetings would be considered legitimate business expenses. Any expenses involving clients or potential clients are normally tax-deductible only when they can be deemed as a paying or likely to pay in the future client, so exercise caution.<br><br>Have the time and capital to sustain your home business for at least the first six months. Do not take out any money to pay yourself or your bills. All business income should be reinvested so that your business can grow and reach its planned potential for the first year. After the six months, you may relax and pay yourself a small salary.<br><br>If you have an interest in beginning a home-based business, but do not know the type of business to start, use the Internet as a source of proven business ideas. However, be aware that many scams exist online directed at potential business owners. 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