The 4 Pillars of a Home Based Business

Starting a home based business is a good option for those who want to have a great work life balance. Care should be taken to make sure money is not poured down the drain in the name of starting a business. People preach the many pitfalls that can be avoided and the wise do take heed and tread with caution.

Is it all Doom and Gloom?

The fragile world economy features in the news everyday and so does how things are expected to get even tougher. A lot of people are anxious about how to support a decent lifestyle. For most families it is almost impossible to cover expenses on two salaries with increase in food costs, household bills and other basic needs. A home based business is a great consideration for anyone who wants to supplement their income or create flexible working hours to meet family demands, get rid of unemployment or solve other issues.

Working from home is a great way to earn some extra income and for some people their entire income comes from their home business. The best thing about this type of set-up is the low start-up costs. A home based business is not as easy as it sounds though; it requires a lot of planning with the right knowledge and skills.

Pillar 1 – If It Is Too Good To Be True It Probably Is

You probably have seen a lot of adverts online about how someone made £10,000 in one day. We will all like to strike it lucky and find that deal of a lifetime. But beware, if you are thinking of working from home, do not get sucked into these false claims of making millions in a few months. There are businesses that generate a healthy profit but think about it, if those claims were true everyone will be doing it. Consider the risks involved before you take up any offer for a home based business. Carry out adequate research about the business before you commit funds to it. Search yourself, if this is what you really want to do or if you are doing it for the love of money. Remember the love of money can only satisfy temporarily.

Pillar 2 – Start With Minimal Cost

Starting a home based business should not cost the earth. Just because you are not renting an office space, does not mean you should blow your budget on a state of the art computer system, an executive desk and a recliner chair with a built in massage service. Manage your budget effectively especially when starting off as money may not come in immediately but bills still need to be paid. Beware of the stationery habit; it can spiral out of control especially for those who work from home.

Pillar 3 – Dream Big Start Small

Don’t bite off more than you can chew when starting a business from home. Consider your working hours, family schedule, space within your home and other important factors before you commit to your customers. Do you have the space to store the raw materials for your products? Can you manage more than 10 clients a month without impinging on family time? These are some of the important factors you need to consider when you start your home based business. Remember your business reputation is at stake if you do not deliver on your promise.

Pillar 4 – Easy Maintenance

Many people who choose to work from home are probably tired of the status quo. So why complicate things even further by setting up a home based business that is too complicated to run. This opportunity should give you the chance to follow your passion and run a business too. Working from home should be a pleasure not another daunting task you hate to wake up to. You should set things on your own terms and within certain guidelines. If you intend to laze about the house and pretend to be working, you might as well stay in your current job. It takes a lot of dedicated hard work to get any business off the ground – a home based business is no exception.

All these pillars might sound like child’s play when it comes to starting a home-based business, but one wrong turn can lead to a frustrating experience. Make sure you follow your passion when starting a home based business and understand the basics of running a business. Consider the 4 pillars stated above in addition to other relevant information when starting out to help you stay on the right track and enjoy the process.

I wish you good success in your chosen endeavours….Temi. 

www.businessfirststeps.co.uk we are passionate about adding value to your passion.

Article Source: http://EzineArticles.com/?expert=Temi_Koleowo

Photos by Ifonono and Lewy2005 sxc.hu.

Business Entrepreneurs and Perseverance

What is Perseverance?

Perseverance is an important skill every entrepreneur should possess in order to achieve success in their business venture. Without this important skill, it is so easy to seek the way out when business challenges come up.

According to the Collins English dictionary perseverance is defined as ‘continued steady belief or efforts’. This is an approach that should be consistent in entrepreneurs despite the obstacles, discouragement and disappointments they face daily.

Without perseverance in an entrepreneur’s mind, efforts become lukewarm and results unachievable. Perseverance can be difficult to discover and sustain as obstacles can become tiring and insurmountable – emotions we all need to watch out for and overcome. These feelings are common especially to new entrepreneurs who are trying to find their feet in the business world.

The Entrepreneurial Mindset

Successful entrepreneurs usually possess an uncompromising focus which enables them to achieve their business dreams. They forgo feelings of inadequacies, negative emotions and the “I can’t do it” attitude. Their lives are centered on their business goals and persevere until the goal is achieved.  These high achievers are motivated to reach the pinnacles of business success; they are never tuned into the negative words of “it’s not going to work”. Their focus is on one thing… the goal of success.

To feel this way, you must truly enjoy what you do and be passionate about your business. When you possess the passion for what you do, the other skill sets including perseverance will come naturally over time.

How to Develop Perseverance

Find your Passion

Collins Dictionary defines passion as a strong enthusiasm for something. Perseverance goes hand in hand with passion. Analyse yourself by asking the following questions:

    • What part of your business excites you?
    • Have you deviated from your primary business vision or are you still on track?

    Sometimes being an entrepreneur can feel like a circus juggler – with business administration, marketing, customer relations and more all crying out for your time. The initial vision can become obscured and frustration can easily set in. Take control by revisiting your vision and find your passion once again.

Make Time for the Task you Love

Sometimes the mundane business tasks take so much of your time; you struggle to find time to do the things you love about your business. Do not lose sight of what made you start out in business, find time to do those things as regularly as you can. If possible incorporate it into your daily activities, as this will be the booster that helps you persevere in hard times. For example if you love graphic designs, do not get carried away with marketing and book-keeping and stop designing – create time for your passion!

Practice Perseverance

Perseverance is not developed in a day; it takes time to acquire and this comes by regular practice. When you set a task for yourself make sure you complete it before you move on to another task. Stay focused on each task you embark upon and reward yourself with little treats for a job well done and for getting closer to your overall goal.

When you find something you are passionate about, it is so much easier to find the fortitude and perseverance to wade through the challenges. This is what separates the successful entrepreneurs from the ones that consistently struggle – which one will you rather be?

A lot of us wander through life with unfulfilled dreams. To take charge of your life, visit http://www.businessfirststeps.co.uk and www.businessideabooster.com for help in finding the key to your passion. In no time, you can start doing what you love and enhance your entrepreneurial mindset.

Article Source: http://EzineArticles.com/6465793

Photos courtesy of Barunpaho, 195617 & Wia-Trol sxc.hu

Do you Love your Business?

It is always a good idea to evaluate our lives and motives at regular intervals, asking ourselves questions such as:

  • Are you in love with your job or business?
  • Is it serving the right purpose or is it just something to get by?
  • How do you know what you love to do and do what you love?

These are questions a lot of us do not actually want to answer, especially if you have been in the same role for many years doing the same job or running the same unprofitable business.

On another spectrum, there are some people out there, who wake up with exhilarating excitement to face every day. They are those who are fortunate enough to have found something they love to do.

Stopping the Same Old Thing

If every morning fills you with dread and you wonder how you will get through the day, it might be worth your while to take a step back and evaluate your life. It is of vital importance that you love your business and not love just the money you get from the business. Money is easy to love, but it is not so easy to sustain that love when things are not working.

If there is no true joy and passion for what you do, need for growth and improvement will be on the back burner. You will have no desire to expand or grow your business, eventually the aspiration starts to wane and the business might collapse.

True Business Love

When you are involved in a business you love, you are keen to develop that business and always taking steps to make it work. You are passionately engulfed in business activities that will ensure your venture grows. There is the urgency to provide solutions and solve problems to push your project to the next stage. You are also always in a constant state of productive and proactive change, and you are most of the time invigorated and excited.

The passion and fervency you use to run your business is what turns into sustained profits. The challenges that might occur along the way are seen as the chance to climb higher. You are open to opportunities, in tune with your inner self and able to spot channels that will accelerate your business growth. The core element of an entrepreneurial mindset is PASSION, something which cannot be developed doing what you do not love or enjoy.

Finding something you enjoy and love will take a conscious effort on your path. It is an envious place to be when you are doing what you love and getting results. Once you discover your passion for the right business, your natural instinct kicks in and drives you to success.

There are ways in which you can discover and embrace something that interests you and find the business of your dreams. Visit http://www.businessideabooster.com to learn more about how to discover your passion and start a journey to a more fulfilling life.  Alternatively sign up for the one-2-one Passion Definition, Business Idea Development or Brainstorming Sessions.
Article Source: http://EzineArticles.com/6424651 Picture by Nellart sxc.hu.

Blog – An Online Marketing Strategy

Blogs are everywhere!

A lot of people are mystified by the word Blog, Blogging or Blogger which almost sounds like a rude word. So what is a Blog and what can it do for your business? 

Blog Definition

Blog a fusion of the words web and log is an online journal which a lot of people use to communicate personal thoughts, information and updates.  Blogs have advanced over the years and are no longer used just for personal needs.  Many businesses now use the services of professional Bloggers – those who write them – to journal business activities, inform about new products. Some are updated on a daily basis, with an archive of past Blogs available for viewing.   

No-Technical Skills Required

The great thing about owning a Blog is you do not need the technical knowledge synonymous with websites.  Neither do you need a domain name or pay for hosting your site. By linking with a provider such as WordPress the simple process allows you to share any information in cyberspace.

Online experts have not been able to define Blogs to anyone’s content.  According to some, you cannot give it a specific definition as it means different things to different people.  Some will use it to share personal perspectives, whilst others will use it to promote world peace.  But one notable thing about a Blog is the informal tone and format making it an interesting and engaging read. 

Useful Business Tool

Blogging is also a potent tool for businesses; it can serve as an extension of a company’s website.  Rather than the official tone of the homepage, businesses can connect on a one to one level with their clients through their Blogs.  In this cyber age, weblogs have become a must have for businesses that want to be at the forefront of online marketing.

 Most Blogs are updated quite regularly if not daily and can be a daunting task especially for small businesses with limited staff capacity. Most companies now employ the services of professional Bloggers.  These experts are able to provide compelling content for your Blogs and update them on a regular basis.  

So when next you read a captivating Blog, don’t be fooled into thinking someone has all the time in the world for Blogging.  Who knows, maybe there is a ghost-Blogger somewhere churning out fantastic content for people to enjoy.

 If you will love to own your own Blog, there are many online resources to help you get started. I will recommend WordPress and their online tools which are pretty cool.  But if you find writing and updating your weblog pretty daunting, then consider hiring the services of a professional Blogger – I blog for a living amongst other things, so get in touch Temi@write2explain.com