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Get Your Business Started On The Right Foot

homeofficeThere are many people who would like to start their own business and even in recessionary times this is a good idea, if you have a good market. With the prominence of the internet and easy communication the opportunity to run a successful home based business is in reach for almost anyone. The Internet has brought forth many amazing opportunities that anyone with a little motivation can use to earn an income online.

There are many great examples on this site alone of home based businesses that include affiliate marketing, freelance services, ghostwriting, information product creation and more. To get started the only thing you have to do is research to see what these options entail. Then, choose the model you’re interested in using for your own home based business.

Starting any kind of business can be a bit overwhelming initially but if you have some good information to begin with it will help ease the fears and avoid common mistakes that many entrepreneurs make. Below I have listed 4 quick tips to help you get started.

Number 1 – It’s a Business – Treat It Like One
Once you’ve decided what you’re going to do as your home business you need to treat it like a business, not a hobby. When a person has a job and goes work, that person has a start time, time for breaks/lunch and an end time. That person would have a space of their own (an office or cubicle) to work in with minimal distractions. You must make the same concessions for your home business. If you really want to succeed then you owe it to yourself and your business to treat it like one.

Create a schedule and stick to it. Let your family and friends know what days and hours you’ll be working. Be sure to let them know that you won’t be available while you’re building your business. If you’re working at home with little ones, you may have to create your schedule around theirs by getting up earlier or staying up later.

If you act like your business is a hobby then you’ll spend money on it. Treat your business as a business and you’ll make money for your efforts.

Number 2 – What You Need To Get Started
Like any other business you need “stuff” to be successful. The items in your workspace don’t need to be expensive, just functional. If your office ends up being at your kitchen table, that’s ok. As long as you’re treating your business like a business, that is what matters the most. The “stuff” we recommend just makes it easier.

“Stuff” You Will Need:

  • A space where you can work quietly
  • A comfy chair
  • A computer
  • A printer
  • Paper & Pens/Pencils
  • Phone and Fax (If necessary for your business)
  • Calendar

Spend enough money on a chair and workspace so that you are comfortable enough to work for your scheduled work day. If you develop a sore back, elbows, or wrists in your first month of working from home, you’ll be sabotaging your own success.

Number 3 – Your Daily Routines
Two of the biggest problems you’ll find with working from home are managing your time and keeping your focus.

Remember the mantra? Your business is a business. But, there are daily tasks that need to be done which can become huge time warps if the reigns aren’t kept tight. These can sap your energy & creativity.

Email, forums, chat applications and social networking are necessary evils. If you don’t keep a tight rein on your networking, it can easily become a matter of fitting your business in between your other Internet activities, instead of the other way around. Once you get your money making tasks out of the way each day, you can create time chunks to do the fun stuff.

When finances settle down, hire a VA or outsource the tasks that must be done but could be left to a helper to do.

There are so many ways you can manage your time effectively. You just need to find the way that works best for you whether its to-do lists, time chunking, daily activities or something else.

Keeping your focus is as important as managing your time. If you get distracted by your email, chat rooms, social network, phone calls or neighbors dropping by you aren’t likely to get your money making tasks completed.

Be sure to find the discipline to run your business. Since you’re the boss you are only accountable to yourself unless you have a partner. Look for someone in the same mentoring group or with a similar business to help keep you both focused on your daily, money making activities.

However, don’t be afraid to take breaks to refresh your mind. Remember, you’re the boss so you can call it an early day or a day off completely if necessary. Just don’t forget that along with free time & days off you need to fit in work time for your home business.

Number 4 – Take Action – No! Take Massive Action

You most likely already know enough to get started. However, a common mistake is to continue to learn, thinking that you need to know more and more and more – and not actually taking action. You don’t need to buy more ebooks or ecourses to learn more stuff to get started. Get over your fear of success, put one foot in front of the other and get to doing. You can always revise or redo later. The important thing is to TAKE ACTION.

Make a deal with yourself to work with what you know NOW and don’t buy anything else until you actually make some money. That snazzy-sounding course is not going to put up your website, write your copy or create that product. Make a list of the money making action items you need to complete and do those first.

Having a successful home business is definitely possible, but it takes hard work and dedication. There are many time wasters and time suckers out there that can and will stand in your way. Success will not happen overnight, but if you keep your focal point in mind and work hard, you will definitely reap the rewards.

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3 Comments

  1. I think you make a point with your first sentence: this is a good idea, *if you have a good market*. Online Businesses are not the panacea; you first have to know what you want to do and if there is a market for you there. Motivation, knowledge and talent are not enough – competition is fierce. You need enough resources and to be prepared not to make a living out of it in the first 6 to 12 months.
    Charley´s last blog ..Blocked Drain Brisbane My ComLuv Profile

  2. And also, delegate as much as you can. There is no point in trying to do all the paperwork yourself. Find a bunch of great like-minded professionals (lawyer, bookkeeper, and so forth) and share your tasks with them. You’ll have someone to discuss your business with and they will help you get organised.
    Dennis´s last blog ..Business Bookkeeping My ComLuv Profile

  3. “However, don’t be afraid to take breaks to refresh your mind. Remember, you’re the boss so you can call it an early day or a day off completely if necessary”

    This is hugely important, if you are boot strapping the business and working in another job at the same time the amount of hours spent working make you very stressed, when I break I properly break, I leave everything at home (phone, laptop etc) and get away from the home completely (normally a camping trip) so I am not tempted to work (oh I’ll just do this real quick it want take long- 3 hours later….)

    keeping the stress down will help sleep and mean that your mind is more focused so when you do work you do properly.

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