| IT’S YOUR HOME BUSINESS – WILL IT SINK OR SWIM? |
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art45 writes "Businesses fail for many different reasons.
Here’s what you should be thinking about so
that your business is not one that sinks, but
one that swims and stays afloat!
If you’re looking at a new business, make up
a business plan, include your goals and
financial projections. YOU need to know more
than anyone where you are headed. Your business
plan doesn’t have to be drawn up by a
professional business planner, you can do it
yourself. Write down the hard costs of getting
the business started and maintained, including
costs of licenses, equipment, inventory etc.
Don’t forget to include how much income you will
need to be bringing in, or have saved up until
you start to show a profit. Always have a
Plan-B in place. Lack of planning will have
your business sinking in no time at all.
Business owners are generally “go-getters”,
which means they are usually hard workers.
Staying disciplined, even for the hard worker
can be difficult at times, especially when there
is no boss or supervisor around to crack that whip
and make you do your work. Getting lazy and not
being productive with your business is a surefire
way to sink it.
Here’s some tips to keep you on track and keep
your business afloat.
Daily “to do” lists are constant reminders
that keep you on track. They keep you
motivated, and it feels good to cross things
off as you get things done. You need to
have a sense of accomplishment, and this helps
serve that purpose.
Push your business to new heights every day by
doing just a little bit more than you need to.
This will ensure that it will SWIM.
Break up your day into segments; plan your day
properly. Give yourself a proper work time
schedule and try to stick with it. Even if you
don’t work 9-5 anymore, pretend you do. Having
your own home business often means working more
than eight hours a day to turn a profit. Be
prepared for that. That way you will SWIM and
not SINK.
Give yourself a proper lunch break. This
will give you a routine and give you
something to look forward to. Reward yourself
for keeping up with your work. It will keep you
positive and motivated.
Post inspiring quotes and verses in your
home business area.
Don’t allow friends and family to drop by
and take up your time. In the beginning, I had
friends that thought because I worked from home
that I could sit around and chat with them all day
long… It’s amazing that they think this, but they
do. Be firm with them. My friends now know that
they had better call before they “pop in for a
coffee”, and I do tell them “no” if it’s not
convenient. Lazing around watching TV or chatting
with friends is 100% guaranteed to help SINK your
business.
Another time taker is the telephone. I screen
my calls and let the machine pick up almost all
day, unless it is about business. Caller ID was
a super investment! It will help your business
to have Caller ID. I promise.
Mentally remind yourself from time to time that
one of the reasons your home business can fail is
procrastination. The fear of this should help
keep your business on the right track.
I think you know what bad employees can do to
a business; be careful who represents you/works
for you.
If you don’t have time to do your work and work
your business, it’s bound to SINK! Don’t let
other aspects of life get in the way. Sure the
car needs washing, the laundry needs doing, the
house needs cleaning, you need to get other things
done, but not during business hours. The key here
is to PRIORITIZE properly and take your business
seriously.
Try and get some daily exercise. It refreshes you
and clears the mind. It will help you stay positive.
Plus, it’s good for you.
Network with other “successful people” who own a
similar type of business. If you are having trouble
finding these people, try your local Chamber of
Commerce, or just contact other business owners. Try
to learn from people who have been successful; make
sure they’ve walked the walk before you take their
advice.
Taking this advice will hopefully give you some ideas
about keeping your business afloat, swimming, and very
successful.
To Your Success!
Michele Miller is a home-based business owner and
a medical transcriptionist. She is also the author
of an E-book about how to become a home based medical transcriptionist. You can visit her website at: http://www.medical-transcription-at-home.com
"
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Posted on Sunday, April 10, 2005 @ 11:32:57 CDT by go_blue
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