Remember the Rubiks Cube, it was too hard until someone showed you how to do it?
Many things in business can be “too hard doing it by yourself”
Limited resources can be one of your biggest challenges. Everything costs time and money, particularly when you are your own boss and the money you spend on equipment, overheads, travel, entertainment, advisors and other expenses comes straight out of your pocket.
Your salary can become smaller and smaller as you struggle to meet all the requirements. This is why you need to pre‐plan your home‐based business well and ensure as far as possible to correctly capitalise it. If possible, share staff, office equipment, and other services with other home‐based businesses in the same boat as you.
You will be faced with issues that people who work in a traditional business setting are not. For instance, when you work from home, you have to let those closest to you, family, friends, and neighbours know that when you are at home and working, this is your place of business and they need to treat it as such.
If you give away your product or a service to your friends, you won’t stay in business for very long. It is important to develop some clear policies and practices.
“It is our attitude at the beginning of a difficult task which, more than anything else, will affect its successful outcome”. William James
People, who would never dream of walking in unexpectedly into your workplace in a traditional business, may see things differently when you work at home. They may see an opportunity to ask you to do errands, babysit, or stop by just to chat. In their mind, if you’re at home, you’re not really working.
Your productivity in a home‐based business can go up or down, depending on your self-discipline.
Working on your own business at home means that you are the boss, there are no codes of conduct to follow, no weekly performance reports to keep you on your toes and there are no formal office routines. If you fail to maintain a certain level of discipline, compounded by ineffective time management, it will become harder to accomplish your aspirations.
Often you find new home‐based business owners are extremely busy but aren’t achieving any meaningful results because they’re simply not concentrating on the right activities. It is, therefore, important to establish good discipline and find someone to whom you are accountable.
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I am a visual person and I find things hard if someone doesn’t show me how tot do something. Budgets and planning were two things that baffled me until some first showed me how to do it.
It has always surprised me how easy something really is if it is explained to you well.