How to design a home-based business?

You will find your most valuable tool is your To-Do List, preferably electronic.

 

Your number one problem being home-base will be your time management

Setting a value for your time may seem unnecessary, or redundant, but it’s a valuable decision-making tool. Know what your time is worth and allocate enough of it to meet your financial requirements.

In order to do this, you must design your home-based working environment around your business. It might seem strange not to put your family first, but they will be getting more quality time from you if you get things right.

While running a home-based business, you are able to make a cup of coffee while you send off a few work emails. All the equipment and information that you need should always be on hand. This will make your operations as efficient as possible and limit any interruptions and intrusions from other members of your family.

It is easy to become excited about the prospect of working from home, but you can become carried away and make some basic mistakes, that could have been avoided.

It pays to visit others who have established a successful home‐based business over a number of years. They will be able to advise you on some of the pitfalls from their practical experience.

 

“The man who moves a mountain begins by carrying away small stones”. Confucius

 

If you want to work at home, a good approach is to match up your skills and interests with the business requirements. Then ask yourself if the business requirements can be met from a home‐based business and what outsourcing can be done to maximise your time.

Running a home-based business should be enjoyable as well as meeting all yours and you family’s wants and needs. You don’t want or need more problems and frustrations, although compromises may need to be made.

Creating a separate workspace is a critical element to aim for, particularly if there’s a door you can shut behind you. But, even if this is possible, it probably won’t be enough on its own, you have to be ruthless with your time management as there will always be distractions and little chores to be done around the house.

When you start out you may want to work to the traditional business hours of your community or the hours for your type of business. After you have been in operation for awhile, you will get a feel for whether you could better serve customers and obtain an advantage over your competitors by adjusting your working hours accordingly.

 

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Personal Experience:

Even today my biggest issue with my home-based business is time management. I enjoy my work, along with other hobbies including photography, vegetable gardening, woodworking and Chinese cooking, not to mention coping with grandchildren and other visitors.

I have learned to better organise my time by adopting the old saying, “Early to bed, early to rise, makes a man healthy, wealthy and wise”, For years I have been at my desk at around 4.30am to 5.00 am.

Every day the hours between 5 am and 10 am are my most valuable working hours, I feel fresh and alive and my most productive working time to get the important things done. Some people think I’m crazy others have taken my lead.

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