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The first step is to have some kind of business plan developed by you or someone else. The kind of business plan will depend on the type of business that it's concerning.
Did you have a particular kind of business in mind, or were you just asking about starting a home-based business in general?
Okay, I can see that you're no longer online here, tanishamac26. I'm not on my computer at home right now, but will be home and back online after a few hours in case you have any information to share or other questions to ask.