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7 Tips For Starting Your Home Based Business
(So, you've decided to start a home based business.
Congratulations! and welcome to the fast-paced world of
entrepreneurship. While there is a lot to learn, your effort
will be worth it. The thrill of growing your business, the
freedom and flexibility to set your own hours, and the
possibilities of ever-increasing financial rewards are all
wonderful reasons to start your home based business.
Now that you've decided to start your business, you might be
wondering "How can I get it off to the strongest possible
start?" These seven tips will help:
1) Set up a separate working space in your home. It doesn't
matter if this is a small bedroom, one part of the garage, or a
corner of the living room. The important thing is to have some
space that you can designate as your working area. This will
give you the space and room you need to craft your dream.
2) Stock your working space with materials. This sounds basic,
perhaps, but one underlying element of success is that you have
easy access to the tools, materials, and other resources you
need. Gathering everything close by also keeps you from wasting
time searching for it, so this step can be considered a time
management strategy, too.
3) Speaking of time management, your third step is to define the
parameters of your business. What days and hours will you work?
When will you market? When will you provide services or products
to clients? How will you keep all of this straight?
4) Balance action with planning. One of the most common pitfalls
to successful entrepreneurship is getting too caught up in
action without enough planning. Stated another way, this means
that you confuse "being busy" with "working on important
projects." The best approach is to plan your next couple of
goals and then work backwards to create step by step action
plans to reach them. Once you have the plan, then it's time to
take the action.
5) Network like crazy. One of the fastest ways to grow any
business is to make connections with other people. Be sure to
share your passion and enthusiasm with others at every
opportunity. Let people know who you are and what you offer.
Remember, people can't buy if they don't know you're selling.
6) Present a professional image. If you want to be treated
professionally, present a professional image. Set up a separate
bank account for your business. Install a separate phone and fax
line. Create professional marketing materials. Be courteous and
pleasant in all your customer facing interactions. Basically, be
someone people want to do business with.
7) Automate your business as much as possible. Granted, you are
just one person (right now) and might have a lot of extra time
to take care of all the details. This might work for now, but
won't work into the future as you get busier and busier. It's
best to set up automatic systems and processes right from the
start to free up your time to concentrate on the most profitable
activities.
These seven tips will get your home business started (and
growing) in the right direction. )
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