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It's your home business - Will it sink or
swim?
© 2004 By Michele Miller
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 is changing more rapidly than ever before. 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 are 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.
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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.
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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!
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