 |
Six Quick Tips to Maintaining a Home Business
Author: Carolyn Gibson, CPM  | Posted: 03-03-2008 | Comments: 0 | Views: 9 | Rating: (51)  (?) 
Working a home business requires an independent spirit, a willingness to learn new techniques and business abilities, and a determination to succeed. It also demands discipline, a sense of entrepreneurship, and the ability to stick to your established policies and procedures. Finally, the entrepreneur must maintain the home business not as a substitute for day care or personal comfort, but to utilize the business to ensure that enough money is made to keep a personal and business life separate, not equal.
1. Do Not Re-Invent the Wheel
If you arrived at work by a definite time and left by a specific time, keep those hours until you establish a routine that works for your home environment. Or, set definitive hours each day to work, preferably hours when you are at your peak performance level. If you filed your paperwork on a certain day, keep that day sacred, and establish your own system and day to file.
2. Ask for Respect
Your family will be ecstatic to have you at home. This way, you can be at their beck and call whenever they choose. Friends will also call you, many times from their own jobs, because they think you have free time to kill. Clients will attempt to abuse your time once they know you own a home business. They will call whenever an idea enters their head, and attempt to discuss it with you at the most inopportune moments.
Establish up front to everyone that you have office hours that you expect to be honored. Your family and friends can speak with you during your lunch hour, and after work. Give clients a good time to call you, or set up a weekly meeting day and time for them to review their reports and your progress.
3. Maintain Your Books You need to establish a day and time to do your own bookkeping each week. Those with a home business are expected to stay on top of their money more than a company with a bookkeeping department. Hire an accountant to review your books on a quarterly basis, and make corrections as needed.
Remember to keep your home expenses and business income expenses separate. Open a bank account for your home business, and write checks and deposits from your business into that account. Establish an annual budget of anticipated income and expenses for the year. Review monthly to find out whether you are making or losing money.
4. Manage Your Expenses
Do not get into the trap of running in and out of the house to run errands such as copying documents, buying postage, and picking up office supplies. These activities are time wasters for a home business. Make a weekly list of office supplies and expenses on the same day of the week. Buy a multi-operational machine that prints, scans, and makes copies; purchase a scale to weigh your letters and small packages, and buy postage weekly; and order your office supplies from a store that delivers.
5. Keep a Formal, Written Schedule
As a novice, you may need to write all of your policies and procedures down to review on a regular basis. Purchase a time management book that can store your appointments, record weekly office tasks and deadlines, note client meetings and other duties. Use voice mail to allow uninterrupted time to work your business. Above all, schedule time to network and look for new business.
6. Stay Current
Remember to attend seminars and conferences that will enhance your knowledge in your business trade and as a home business owner. These are also opportunities to get out of the house and network with those who hold similar convictions.
Your home business can frustrate as well as fulfill you. Once you decide that a home business is your permanent future, make the decisions that will support your choice. As you initiate and follow through with your business environment and growth plan, you will soon see your clients; family and friends support your endeavors.
Rate this Article:
Current: 0 / 5 stars - 0 vote(s).
Article Source: http://www.articlesbase.com/home-business-articles/six-quick-tips-to-maintaining-a-home-business-349464.html
|
Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free! |
|
Got a Question? Ask.
Ask the community a question about this article:
Q&A Powered by: 
More from Carolyn Gibson, CPM
Workaholism: When It’s Time to Go Home
By: Carolyn Gibson, CPM | 29/02/2008 | Career Management
When work overrides everything else, including your family life, it is time to evaluate how you spend your time. Being a workaholic is a life choice. Learn when it is time to change your workaholic ways.
Renting an Apartment With the Homeowner in the Building
By: Carolyn Gibson, CPM | 26/02/2008 | Real Estate
Renting an apartment from an owner who lives in the same building can be a rewarding experience. Living in an owner-occupied building depends on whether or not the landlord and tenant are compatible with the rules, habits and expectations of the homeowner.
Top Ten Warning Signs of a Potential Bad Tenant
By: Carolyn Gibson, CPM | 22/02/2008 | Real Estate
A problem tenant leaves more than a bad taste in your mouth. A bad tenant can cost thousands of dollars in legal fees, renovations to the vacant apartment, and lost rent. Property owners and managers must learn to read past fact-checking a possible renter. Owners and managers must also look deeper into the questions, statements, and mannerisms of applicants.
Snow Removal Tips
By: Carolyn Gibson, CPM | 31/12/2007 | Home Improvement
If you own real estate, whether residential or commercial, you are responsible for snow removal at your property. It is a service you provide to your tenants in exchange for the rent. Snow removal is also a necessary preventive measure to reduce risk and liability from slips and falls. Here are some tips to reduce risk, prevent injuries, and consider your neighbors who may walk on your property.
Top Five Mistakes First Time Homeowners Make
By: Carolyn Gibson, CPM | 31/10/2007 | Real Estate
Buying your first home is stimulating, and full of hope. It is also the most expensive purchase you will make besides your first car. A considerable amount of thought should be put into your first home purchase before you hire a real estate broker. With some thoughtful investigation, here are some mistakes you can avoid before buying your first home.
|
|
Business 
