My DD is 7, homeschooled for one year now. Some thoughts from my experience:

1) For us, learning divides into Basic Skills vs. Actual Content.

The Actual Content is laughably easy. Our daily conversations, reading aloud, and random finds on the internet teach her more about science, history, literature, etc. than she would ever get in school.

For basic skills, I have her do five things: math, reading, handwriting, Spanish, and piano. We probably spend about an hour a day on all of those things put together. YMMV on what basic skills you consider essential. (I am SO looking forward to the day I can drop "reading" off that list!)

2) I'm amazed at how much of the real learning happens when kids are left to their own devices. DD and her friends are writing a script for a play. They are writing it together on an iPad, spelling mistakes and all. They plan to start rehearsals soon, they're gathering costumes and props, and they intend to perform it for their families. You just can't manufacture that kind of growth experience.

3) One of the awesome parts of homeschooling is that we get to do as many "after school activities" as we want. DD does theater, dance, a nature/outdoor school, and a science program for homeschoolers. She has also tried gymnastics, archery, and rock-climbing. Again, I'm a little shocked at how much I underestimated the real learning that happens in these activities.

4) I bought a few different curricula for math, and I don't regret it even though we're not really using them, because now I have a sense of what elementary school math consists of, and I have a lot more confidence in my ability to go "off-roading." We currently use an app that's working for her. When it stops being the right fit, we'll switch to something else.

5) Your kid is still really young. I mean, really, really young. It took me nearly a year of homeschooling to appreciate this about my own kid, because she's so smart and capable of so much, and I was so stuck in the school mind-set that smarter = faster. Allow yourself to slow things down. They don't NEED to be learning any one particular thing at this age. They just need to be learning.

Hope at least something on this list is helpful! Welcome to homeschooling!