work at home resource
 

Organization and motivation are key components to successfully running a home based business.

Ten Tips For Managing A Home Based Business
By Mark Walters

Time is money, especially for a home based business. A data entry operator in a cubicle can slack off, play a game on their cell phone, and chat for an hour at the water cooler. The home based business owner does not share this luxury. Every minute they are not actively generating income, is a minute they are not earning money. No one will deposit a check into their account once a week, whether they earned every penny of it, or
not.

This is why managing becomes vitally important. A little
disorganization, or some poorly planned days, can cost a
substantial amount of money.

Daily Planner

Plan a day or two ahead, a week if possible. Do not worry about
listing each job with a time period. Just make a list. As each
job is completed, strike it off the list.

After making the list, prioritize the list. First, put the jobs
that will earn the most money. Second, list the jobs with
deadlines.

Pay attention to the little things. There will be small tasks
that do not get finished each week. These will accumulate,
making it impossible to do the bigger things. Set aside some
time to do these tasks, even if it only one hour, once a week.

Maximize Downtime

It is not necessary to purchase a blackberry, but a laptop can
let you spend an afternoon outside, while still working. It also
gives an alternative to doing nothing while the power is off,
while the Internet is slow, or when your away from the office.

There are many times when you must wait an hour for an
appointment, or something didn't go as planned, use these times
for business. A cell phone is a great tool.

Outsource

Most business owners have no problem outsourcing their
advertising, management, marketing, and programming tasks.

However, suggest that they should outsource the laundry, house
cleaning, and even taking out the trash, and most will laugh
hysterically. But, that is exactly what many successful business
people do.

How much money can you make in one hour? Divide up your monthly
income by the `actual' hours worked. This does not mean the
hours spent in the office, or the hours sitting at the computer.
It means the actual hours you are actively engaging in earning
revenue.

Now, add up all the time wasted taking out the trash, doing the
laundry, picking up the children from piano lessons, and walking
the dog. These things can take 15 hours a week. A business
person who earns $20 an hour is losing, $300 a week because they
will not outsource the mundane tasks.

A house cleaner costs $70, a dog walker, $50, laundry $25, and
a taxi will cost about $10.00, all totalled that is $155.00.
This means that the business owner is losing $145 a week, $7
500 a year, because they refuse to outsource the mundane tasks.

Separate Work from Home

To manage your time efficiently, delegate what hours are to be
invested in work, and which belong to home life. Teach the
family not to disturb you until you are finished working – but
then when your day is done – stop working. You'll never run a
successful business, or build wealth, if you burn out, or face a
family crisis.

All together, these tips form a plan of action that will help
you succeed, and help you learn how to manage your home business
successfully.


-------------------------------------------------------------
About The Author: Mark Walters is a third generation
entrepreneur and author. He offers free training and investing
videos designed to speed you towards financial independence at
http://www.cashflowinstitute1.com/Articles.html

Related articles:
Ten ways to Sharpen your Business Edge
Promotion Techniques

Related forums:
Promotion Tips

Related Blogs:
How Not To Promote Your Website on Forums

work from home
HOME BUSINESS IDEAS
Business Opportunities
Work From Home Jobs
Work at Home Moms
Home Business Ideas
How to Build a Website
Marketing your Business
Affiliate Programs
WORK AT HOME COMMUNITY
Work at Home Forum
Home Business Directory
Success Stories
FreelanceMom Blog
HOME BUSINESS ARTICLES
FREELANCEMOM SERVICES
WORK FROM HOME TOOLS


Elance.com
HomeJobStop
Go Freelance
OUR SPONSORS

Find work at Home Jobs



Go Freelance

© 2012 FreelanceMom.com. All Rights Reserved.
.:Advertising .:Privacy Policy .:Site Map .:
Forum Archive

Google Sitemap Home Business Forum Feed