Are You Serious About Your Work At Home Business?

Sunday, August 23, 2009
Are you treating your business like a Fortune 500 Company or like a Yard Sale? Take this quiz to find out.

How would you describe your Office?
a.) Corporate or b.) Chaos

Which word describes you personal appearance while you’re working?
a.) Success or b.) Mess

And, how would you describe your attitude towards your business?
a.) Winner or b.) Winging-it

If you chose only ‘a’ answers, then congratulations! You’re thinking like a Fortune 500 company!

If you chose even one ‘b’ answer, then keep reading… We oftentimes think “What does it matter what my desk looks like? And, who cares what I look like in front of my computer at home. Nobody can see me.”

Well, it does matter. It matters, because you matter and because your business matters. And, if you treat your business like something of value and take care of it, it’ll take care of you. And why shouldn’t you? Your business is just as important as any Fortune 500 Company. It’s yours and it’s special.

Here are some steps to take today.

1. No more working in chaos.
Make your office a “no toy zone”. Your office is your turf. Protect it. If you have little office helpers, then establish one area that can have toys, perhaps a basket or drawer – and don’t let it spread.

2. No more working in jammies.
You wouldn’t show up to work at IBM or Microsoft in your fuzzy bunny slippers, would you? You don’t need to wear a suit, but simply feeling more professional will lead to more professional results.

3. No more amateur phone message
Review the outgoing message on your answering machine. Does it sound like the office of a professional or like chaos central? Rerecord it to make a good first impression upon clients when they call.

4. No more ‘winging it’.
Begin each day with a list of six jobs that you want to accomplish. If you make the list achievable with small goals, you’ll feel much better about at the end of the day.

Are you ready to treat your business like a valuable Fortune 500 company? I hope you’ll take your first step today towards success.

20 Small Business Tips, For Success

These are just some general tips to keep in mind as you design/operate your small business:

1. Take the time out to explore and understand whether or not you are compatible with running our own business. Some people are just plain happier and better off financially on the other end of the paycheck.

2.Get your personal finances in order. Before you jump into the entrepreneurship world, get your own money matters squared away.

3. Pick your niche. Many small business owners succeed in businesses that are hardly unique or innovative. Take stock of your skills, interests, and employment history to select the business that is best suited for you.

4. Benefit from your business plan. The exercise of creating a business plan is what pays the dividends. Answer the tough questions now before the meter starts running.

5. Do not think you need bankers and investors at the outset of your business. The vast majority of small businesses are bootstrapped. 6. Acquire the proper background. In the early months and years of your business, you will have to acquire many skills. Gain the background you need to oversee all facets of your business well, but determine what tasks you should outsource or hire employees.

7. Remember that nothing happens until a sale is made – How many good products go nowhere because they do not reach the shelves? Sales drive your business. You will need a good marketing plan to sell your product or service.

8. You have to see a customer to know one. N o matter how busy you are, spend at least 25% of your time with customers. You cannot make the proper business decision without understanding their viewpoint.

9. Solve your customers’ problems. The best way to satisfy your customers is not by selling them products but by giving solutions to their problems. There is a big difference.

10.Quality takes minutes to lose but years to regain. Quality is not a destination, it is a never ending journey. After you have strayed from quality’s path, your journey maybe sidetracked forever.

11. Put profitability first, rewards seconds. In small businesses, profitability must come first. Find out how to measure your cash flow and understand key financial ratios.

12. Hire supporters. If you intend to create a growing business, your number one duty is to assemble a great team of employees.

13. Do not do it alone. Find such help from small business peers, a mentor, even trade associations. They can help take some of the trial and error of beginning your business.
14. Vendors are partners too! Treat your vendors like customers and watch your partnership grow.

15. Make use of benefits. Understand how to provide insurance and other benefits for your employees and cut your tax bill at the same time.

16. Ignore regulatory issues at your peril. Federal, state, and local governments require licenses, registrations, and permits. Obey them or face losing your business.

17. Know the tax laws. Invest in understanding tax issues that affect your small business.

18. It’s the people! Whatever happens to a small business happens at the hands of the people who work for it. The evolution of the business is a result of their efforts.

19. Fast, good, cheap. Pick any two. Serious trouble awaits those who attempt to be all three in the market place. Stick with what you do best.

20. Develop a passion for learning. As your business grows, you need to change and grow along with it. One common denominator can be found in all successful business owners and that is a passion for learning.