Monthly Archives: September 2013

How Important Are Planning and Goal Settings To a Successful Home Business

It is very important to have goals and to have a plan on how
you will go about achieving those goals. It is known that
one of the traits of successful people is that they have a
plan of action and they stick to it. The best way to create
a plan is to ‘brainstorm’. Just get out a couple pieces
of paper and write things down as they come to mind. Don’t
worry about organization so much at this stage; just
articulate your ideas in writing so that you can visualize
your thoughts more clearly.

Since there is more to your life than only business, some of
your goals may involve your personal life. That is why it
is good in the next step to make a separate sheet – you want
a successful home business because you need extra cash for a
trip you want to take and maybe a few other things like
paying off some bills. So these would clearly be apart from
your business plan, with business being the means to an end.
Before you get the money, you will need to have a plan and
decide how you will accomplish your goal. What will be
discussed here is the business plan to achieve your goals.

Obviously saying ‘I want $10,000 a month’ is a goal – but
is it a realistic goal? It could be, but it is more logical
to have short-term, mid-range and long-term goals. You
should make your goals achievable so that you are not
disappointed if you do not achieve them, for example by
being too optimistic and hence unrealistic. So using this
example, your short-term goal would be to earn $1000 a month
within 6 months. That is realistic. Your mid-range goal
is $5000 per month in one year, and $10,000 per month in 2
years.

Now it is time to plan how you will achieve your goals.
Here comes another sheet of paper. First make a list of
your business-related skills. What have you done in your
career to earn money? What did you excel at particularly?
If different than what you did well, what tasks did you
really enjoy doing? If you had any business education or
training, what did you learn? Do you have any hobbies or
interests that might translate into a business opportunity?

New sheet of paper: What are some of the ideas you have
about starting a home business? Do you want to sell
products? Do you want to design websites? Do you want to do
network marketing? Do you want to perform business services?
It’s a lot more complicated, but do you want to create your
own product, for example software, or even make something to
sell such as baked goods, candles, soaps, stained glass, or
‘memorabilia’? Write all your ideas down.

More paper: one sheet per idea. Think about what each of
your ideas would entail to make it happen. Think about the
materials and equipment, how you would deliver them to your
customers, etc. Where ideas sound feasible, consider the
cost to begin. Do a little research. Then keep breaking it
down into things you will need to take care of in order to
start the business. Take some time with this step so that
you will not leave anything out and be surprised when there
is something that is not possible. Consider how you would
advertise your business.

You may need a way to create operating capital if you do not
have any to begin with. A good way to do that is network
marketing. The reason being that affiliate programs already
have the products and the systems in place for you – all you
need to do is promote what has already been created to earn
commissions. The only thing you would be doing is marketing
and advertising and you only need a little money to pay
membership fees. You don’t have to love it and it doesn’t
have to be your dream business. Remember you just need the
money so that you can execute your plan for your home
business down the line.

Advertisements

How To Create a Home Office Where You Can Work From Home

While some people have the luxury of an extra room in their
home where they can create an office, others will likely
need to use a corner of the living room or other room to
work in. The important part is whatever space you have to
work with, that you create an organized and clean
environment for yourself.

This means to remove everything else from the immediate area
that is not related to business. (Coffee cups are excluded
from this rule). Put all your papers and bills, newspapers,
etc. that are not related to your business away somewhere –
even if you have to find a cardboard box to put them in.

A certain, at least minimal amount of organization can
really help you. The idea to be clean and clear in that area
where you work is so that you are better able to focus only
on the task(s) at hand. You do need to treat your home
business just like a job in most respects. That means
setting parameters. Treat it like a commitment even if the
only one you are accountable to is yourself.

Although much of your information that you need to keep
track of will be digital, you should think in terms of a
business and have an organized filing system. That just
means creating folders or labels in your email account where
you can save important login information, links, etc. in a
place where you can readily access them. It is also a good
idea to have a hard copy back up in place for important
things like your usernames and passwords – ‘just in case’
of a computer meltdown, it will help you to recover if you
have something tangible to refer to. Also, add
‘favorites’ where you save your frequently visited links
(sites).

Because you will likely be spending many hours at your PC, a
very important consideration is ergonomic. You need a
decent chair that supports your back, and a footstool to
make the pressure on your lower back less – even if you have
to use the phonebook for this purpose.

You need decent lighting – not too dim and not to bright.
Your monitor should be at eye level – not above and not
below, straight ahead. Ideally your keyboard and mouse
should be level with your wrists and elbows, again, straight
in a line, not above or below. These things will reduce the
strain on your body and allow you to focus on the work
without feeling tired or uncomfortable. (No excuse to
‘knock off’ early!)

One of the beautiful things about working from home is you
can take breaks whenever you want to – and even if you
don’t want to, you should take breaks frequently. Your
brain, your eyes, your back and arms are only human. They
can only absorb so much at a time. You will really be much
more efficient and retain information better, if you allow
yourself time to rest. At least every hour or so, get up
and stretch – focus your eyes on something as far away as
you can see – or even close them for 5 minutes. Don’t feel
like you are slacking – it is a proven fact that people that
take ‘cat naps’ are more efficient.

There are many ads about working in your pajamas and etc.
and in fact you can work any time when you work at home.
However, it is still a good idea to get up and get dressed –
it is just psychological. After a while of nothing but
sweat suits or pajamas, it can get depressing. Of course
wear something comfortable and shoes are optional!

How To Create a Plan And Stay Focused When Starting a Home Business Online

If you are starting a home business, it really helps to have
a concrete plan. In the context of creating a plan, you
will set goals that you plan to achieve at various
junctures. It may seem a simple thing if you only have
goals like ‘to be a millionaire’ or ‘to go to Europe on
vacation’, with the plan being just as general, such as
‘earn money for trip’. These may be good ‘ideas’ and you
may even achieve them both someday, but they are not really
goals or plans in the sense of mapping out what you need to
do to achieve them.

A real plan would list step-by-step what you need to do to
achieve your goals. For example, if the plan is to ‘begin
advertising campaigns’. What form(s) of advertising do you
have in mind? Where will you place your advertisement(s)?
What will you need to do to create your ads? How much does
it cost if you use an advertising service? Where can you see
‘track records’ of the success rate of using these
companies? There may be lots of little side trips here to
get to your target of placing your first ad. So you want to
list them out, and take one thing at a time, take action and
then move to the next step. If you can’t complete a step,
don’t use it as an excuse to wait. Make a note and try to
move to the next step.

One way to do this is ‘backward planning’ which is to put
the end result at the top and then detail all the steps you
will need to take to get there. This can really get
complicated with dependencies – for instance, in order to
get to Point C you have to accomplish Point A and B first.

Example would be Point C is placing an ad with a paid
advertising service, but before you can actually do this,
you must accomplish Point A which is that you have to create
the ad. In order to do this, you may have to do some
research to get ideas about what to say and how best to say
it. So accomplishing Point A may involve doing research
online, reading a book about creative writing, or finding a
list of ‘power words’ and then using them in different
ways until you find the one that really sounds compelling to
you.

You may even take this a step further and do some
‘split-testing’ which would be to create two ads that are
different (for example different title and/or different
text, length etc.), and run them both to see which one
converts best. Then take the best one and submit it to the
paid advertising service. Point A is accomplished as far as
you can take it at this time, because now it is on to Point
B, which is that you have to wait for payday so you have the
money to pay for the ad service. That’s easy, however if
you need to create a budget at this point, you better do it
so you can meet all your obligations as well as afford to
promote your business.

An important thing to remember is to keep your goals
achievable. If you are an unrealistic ‘dreamer’ it is
likely you will not only miss the mark to achieve your
goals, but you will be disappointed and feel like a failure.
For example with the goal of ‘becoming a millionaire’ –
doesn’t it seem more logical to think in terms of earning
$100 or $1000 first? If you can do that, then you can
probably ‘wash, rinse and repeat’ to eventually figure out
how to get $10,000 – then $100,000 and finally,
$100,000,000!