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Considering
a work-from-home business? Clients often say their biggest fear is loss of
momentum. Here are seven tips to keep yourself motivated and productive.
(1) Build
structure into your day.
Create a
schedule and To Do list every evening for the next day, before you sign off for
the day. (And yes – it is important to sign off, even if you return later to
complete a project.) Include breaks and email reading time.
(2) Define
goals by numbers ("write 1000 words") instead of time ("2 hours
on Mega account"). One of the joys of working at home is you get to quit
when you're finished ahead of schedule.
(3) Train
friends and neighbors to respect your working hours.
Clients tell
me about neighbors who say things like, "I told the UPS truck to leave the
package at your house since you're always home." Discourage phone calls
with a prepared response, like "I will call you after four o'clock
today." You will be tested. Prepare to hang tough.
(4) Get the
family on board.
Deal with
their concerns before you start and be prepared to show how you are creating a
win-win situation. Clarify what counts as an emergency – a valid reason to
interrupt while you are working - and what can wait till dinnertime.
(5) Build
breaks into your schedule.
When I
started my own business, I was warned, "Plan to get out of the house!
Otherwise you'll never leave your desk."
Frankly, I
didn't get it.
Why wouldn't
I take breaks? Now as I find myself answering just one more email, or adding
two more paragraphs to an article, I see the clock move and realize I must stop
if I want to get to the gym or the store before closing time.
Bonus Tip: A
dog will force you to get moving, no matter what else is going on in your life.
(6) Make promises
you will be motivated to keep.
My weekly
ezine motivates me to write at least one article a week. You may be energized
by company and client deadlines.
As your
responsibilities grow, you will tend to accumulate more and more
"real" deadlines and it's easier to stay motivated. But in the early
stages, you're isolated, you're working hard and results don't appear
immediately. That's why some people hire coaches and consultants to create
accountability.
(7) Give
yourself time to test your commitment.
Not everyone
enjoys the work-at-home option. My clients tell me they need six to twelve
months to decide how they are responding to this arrangement. You may decide to
return to a workplace where you can see real people everyday. Or you may get
hooked on having a dog-friendly, gossip-free workplace where you can open the
windows all year round.
Home Sweet
Home?
The majority
of people who start small businesses do so by using their homes as offices.
This makes a great deal of sense when you consider the cost of leasing even a
small office. If you’re lucky enough to have an extra room for an office,
you’ll find that your life will be a lot easier than if you are forced to use
your bedroom. Those people with studio apartments have it worse because
wherever they walk for a moment of relaxation; they are still in their office.
Though there are many tax advantages to using a portion of your home as an
office, there are many emotional and mental disadvantages and these must be
strongly considered before setting up shop at home. If you are young and living
at home, or if you are married with children, either way, you will have
challenges.
For
instance, if you’re the type of person who likes to grab an extra few minutes
of sleep in the morning, if you’re the type of person who likes to press the
“snooze” button every ten minutes just to squeeze in another couple of minutes
of rest, then just try to imagine the trouble you’ll have getting out of bed
when you have to stay home to work.
Hey, what’s
your rush when you’re already at the office, right? Well, if you were a procrastinator
before working at home, you’ll become a bigger and worse procrastinator after a
few weeks of self-employment in your bedroom. Without constant motivation to
keep moving, you will rapidly find yourself in a rut. So, what’s your
motivation to get to work? Simple. If you don’t get out of bed to start work,
then you may not have a bed to lie in much longer!
The
flip-side to this problem is getting yourself so involved in your work that you
do not know how to shut off your energy and stop working at the end of your
day. If by chance you bypass this problem, you may have the pleasure of making
a new friend – insomnia. With no private place to unwind at the end of the day,
you may find yourself staring at the four walls every night as you lie in bed. A
bed can become a comfortable place to work, but such actions also act on the
unconscious; your mind begins to relate working with your bedroom. The new
result is hyperactivity. You become a workaholic, and all you think about is
work.
Though you
want to maintain a certain degree of being hard on yourself, you do not want to
overdo it, so be careful in how and where you set up your home office. If you
have a spare room or den, use it instead of your bedroom. If not, be prepared
for some new and interesting emotional and physical problems to pop up.
What's The
Matter With Kids Today?
I've had the
good fortune of working at home twice in my career thus far, first when I lived
at home with my Mom when I was in my early 20's, and then more recently when I
retired in 2000.
My Mom never
understood what I was doing working in my bedroom at all hours of the night.
Years later, a similar problem occurred when I worked at home when my children
were still very young. They didn't understand why Dad was home either. They
supposed it was so I could play with them! Wrong!
Whether you
are dealing with parents, girlfriends, wives or your children, you need to
establish some ground rules for the home office. You need to determine your
work hours (you can be flexible here), your breaks (lunch with loved ones),
acceptable interruptions (hugs and kisses), your tolerance for noise, and play
time (for you and for them).
Home
Business allows you more time to do what you want.
Home
Business gives you more freedom i.e. no more 9-5 job.
Because a
Home Business is well... at Home, you don't have to travel far to get there.
Just come
down stairs in your pajamas and get to work right there and then. It's so
convenient.
What is
this article about?
Basically
this is about starting a Home Business, what's involved, what options there
are, how much it can cost etc.
I have already
described the advantages of having a Home Based Business, so now we will
discuss what is involved in starting one up.
When you
start working for yourself there are several things you must take into
consideration.
How much
can I afford to spend on advertising, materials and other costs, can I afford
to lose the money I am going to put into this business, where will I get
finance from? And a million other things.
So I will
break this down into many small chunks which will make it much easier to
digest.
How much
money will I need to start this up?
That is
entirely dependant upon you and your goals. You should only invest as much
money as you can afford to lose, this way, if everything goes wrong you can
still live without too much interference.
That aside
you must think how much you are going to spend on advertising. To work this
out, you should take all of your costs and assign them a percentage of your
finance which you will put into them. For example, if you had $10,000 to start
your Business, you could assign 10% to advertising depending on how much
everything else costs.
In my
opinion you should work out your initial costs first, like rent and materials
for example.
Then you
can take what's left over and assign it to whatever else you want to spend the money
on afterwards.
How can I
tell if I can afford to lose the money I invest in my Business?
Very
simply estimate the most that the business will cost you and assume that it
wont make any money at all for a month, obviously this will be a big loss, but
it will give you an idea of what COULD happen if your very unlucky.
If it
looks like way more than you can afford to lose, then don't do it until you are
more prepared. But please remember that in business, there is no reward without
risk. So if you don't risk your money, then you wont be rewarded.
Do I need
finance? And Where can I get it from?
Do you
have enough personal savings to start the business you want to? If you don't
then you will need external financing.
The place
where most people will get there initial financing is the bank. But there are
other places and people as well.
Bank
Mortgage
for premises
Loan
Venture
capitalists
Grants
And many
more, but the above are the main ones.
I'm sure
you know what mortgages and loans are, but chances are, you don't know what a
venture capitalist is.
A venture
capitalist is someone who contributes financing to a business in exchange for
part ownership of the firm. This is ideal if you are starting an expensive
business which you might not be able to afford, but expect high profits from.
But be
careful, when you give up part ownership you give up some profits.