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It's
Your Home Business - Will It Sink Or Swim?
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 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.
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 longS 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 theyıve 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 The
Step-by-Step Guide To Medical Transcription at Home. Michelle
has helped many people start their own medical transcription
business. She can help you too. Click
here for details.
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Medical
Transcription Resources
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Medical
Transcription at Home! The start-up-guide to running
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Medical
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