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5 Powerful Strategies For Depressed Entrepreneurs
Ok, so you have not made your first million within 90 days as you thought. Your idea crashed and you feel gutted. Worst, your partner says I told you so. You and your get rich ideas. Well, I salute you because you tried and failed. Guess what? The...
Effective or Irritating: The Use of Pop Windows in
A few years ago, pop-up windows were all the rage in
Internet marketing. It seemed that every time one
opened a web page they would be bombarded with offers
for this or that. It had gotten to the point where
surfing the Internet was almost like...
Financial Planning for Your Future
Millions of people give a lot of thought to financial planning but get frustrated and give up before ever making any progress. Making yourself aware of the most common reasons people fail to make a viable financial plan is the first step in reaching...
How to Stay Motivated - Part 1
As a "Motivation Trainer" for over 20 years, I have researched the subject of "Motivation." It is talked about a lot, but not very much is taught or written about it. It seems to be a word that eludes us. I often here people say: "Can you...
Six Sigma
Six Sigma Created by Ronald Munro Six Sigma is a proven approach focusing on reduction of defects and increasing product or service efficiency. Most companies use some form of quality control to accomplish this task. Quality control does several...
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Managing Your Home Based Online Business – 7
Your Home Business Management- Conclusion
In the previous articles, I've mentioned some of the key elements of managing your online business when you are working at home: finance, marketing, time, purchasing and computing, plus of course the need to manage yourself. This series has been about the need to manage your business, even if you do work at home alone, rather than just let it drift with the flow of the days, weeks, months and years.
For this last part in the series, I will partially recap, but also add in a few more suggestions that may help you deal with the transition from employee to “own business manager”. Of course, this is a subject I could write a book about, so this short series has been merely an introduction, to get you thinking about your business in a slightly different light to the way you might have done. I hope the following points may assist in that process:
• Always be patient and do not expect instant results. The business world is not like that. Maybe over the years you will have one or two lucky breaks, but do not expect them soon.
• Take a long term view of the business from the outset. This may be your one opportunity to do things right and make a decent income with the freedom of working from home. Set yourself a target for 5 years’ time, then the stepping stones to that target will emerge, one year at a time. Looking ahead 5 years you can set your targets high without being unrealistic.
• Always remember that the knowledge you are acquirin g will be a growing asset. All of a sudden you may find others viewing you as something of an expert, and you will realise you have knowledge that is valuable, not only to you but to others.
• A piece of knowledge is like a building block. Add these building blocks you are making one at a time. Remember, if you try to put a roof on a building before the walls are in place, it won’t be much of a building. Be patient in placing one block at a time, and there’s a good chance you will stand proudly in front of this building in awe and think: “wow, I did that!” And the roof will be snugly in place.
• Spread your learning across all parts of the business, especially those you don’t like. Never forget, every part of your business is inter-related. You need to be able to piece them together and bind them strongly.
• You will make mistakes, so do not expect otherwise. Marketing in particular will require risk and experiment. Before diving in and inflating your expectations, find out what others are experiencing from what you are wanting to try. Then there will be fewer disappointments and unpleasant surprises.
• Frequent some
of the online forums that focus on online business. There are many of them, and some are excellent for making new contacts, posing questions and getting valuable answers and suggestions. You will be surprised how much practical help, support and advice you will get from some forums.
• When you make mistakes or things go wrong in some way, do not blame others. You are the boss of this business of yours, the buck stops with you.
• Do not over criticize yourself or react emotionally when things do go wrong. Analyze what has happened and put it down to experience. It could have been the most important mistake you ever made, by forcing a change that will lead to your success.
• Extract every positive you can from every negative event in your business life.
• Never convince yourself you know better than everyone else. You don’t.
• Never assume that all those who are making a lot of money on the internet are out to get you. Learn from their successes, even if it means adding to their income by working in their downline. It is your job to make money, earn a good living, and succeed, not to resent making money for someone else in the process.
• When you try something new, do so in moderation, whether it be a new ad or new advertising medium, or some traffic generation system. Online or offline, many things don’t work as you had dreamt they might. Test, review and then continue if neutral, making changes that may turn the test from neutral to positive. If positive, consider expansion. If negative, stop, unless there is a substantial reason for doing otherwise. This is all part of the business building process: discard what does not work, and improve and expand on things that do. But ensure the timescale you have set is sensible.
• Monitor everything. It’s a fast moving world. What may be good for your business today may not be so in 3 months’ time.
• Enjoy yourself. If you do not enjoy yourself, change things so that you do.
The above list is far from exhaustive, but reflects some of the things I have learnt over many years of having my own business, working online and offline, after moving from employee status in 1995. I hope that these ideas may help you in some little way towards your goal. By having a management attitude towards your business and yourself from the start, when the day comes to employ staff and delegate, then you will be better prepared and your business will have a firmer foundation. A new level of management will begin.
About the Author
Roy Thomsitt is the owner of the home business website, http://www/change-direction.com
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