So, you’ve decided to start a home based business. Congratulations! and welcome to the fast-paced world of entrepreneurship. While there is a lot to learn, your effort will be worth it. The thrill of growing your business, the freedom and flexibility to set your own hours, and the possibilities of ever-increasing financial rewards are all wonderful reasons to start your home based business.
Now that you’ve decided to start your business, you might be wondering “How can I get it off to the strongest possible start?” These seven tips will help
1. Set Up A Separate Working Space In Your Home
It doesn’t matter if this is a small bedroom, one part of the garage, or a corner of the living room. The important thing is to have some space that you can designate as your working area. This will give you the space and room you need to craft your dream. Having a dedicated office in your house gives you a much more sense of responsibility for business. It’s your office, so you would be more likely to treat your business like an official one.
2. Stock Your Working Space With Materials.
This sounds basic, perhaps, but one underlying element of success is that you have easy access to the tools, materials, and other resources you need. Gathering everything close by also keeps you from wasting time searching for it, so this step can be considered a time management strategy, too. It doesn’t have to be sophisticated gadgets
3. Proper Time Management
Speaking of time management, your third step is to define the parameters of your business. What days and hours will you work? When will you market? When will you provide services or products to clients? How will you keep all of this straight? This is one aspect where new business owners find it really difficult to cope. When I started out initially, I spent really huge time on irrelevances. Remember, time is money. Time wasted can not be regained. Start out by organizing your daily task in bits. Make it a point to stick to each and every one of it. You will be amazed at what you would achieve in a little time.
4. Balance action with planning
One of the most common pitfalls to successful entrepreneurship is getting too caught up in action without enough planning. Stated another way, this means that you confuse “being busy” with “working on important projects.” The best approach is to plan your next couple of goals and then work backwards to create step by step action plans to reach them. Once you have the plan, then it’s time to take the action.
5. Network like crazy
One of the fastest ways to grow any business is to make connections with other people. Be sure to share your passion and enthusiasm with others at every opportunity. Let people know who you are and what you offer. Remember, people can’t buy if they don’t know you’re selling. Reach out to like minds who will be willing to assist in showcasing your products.
When I launched my first online business back in 2017, I offered most of my services free. You might be wondering why? I designed a School Management Software for a school whose owner i met online for free. After that, he contacted me to design a website portal for the same school. After i delivered on the web development. He was pleased and kept referring clients to me. That’s the power of networking. When you set it up properly, you will reap a long term benefit of streams of clients via referral.
6. Present a professional image.
If you want to be treated professionally, present a professional image. Set up a separate bank account for your business. Install a separate phone and fax line. Create professional marketing materials. Be courteous and pleasant in all your customer facing interactions. Basically, be someone people want to do business with.
7. Automate your business as much as possible.
Granted, you are just one person (right now) and might have a lot of extra time to take care of all the details. This might work for now, but won’t work into the future as you get busier and busier. It’s best to set up automatic systems and processes right from the start to free up your time to concentrate on the most profitable activities. There are tons of tools to assist you with this. For instance if you constantly post on social media, you can use autopilot. For effective automation of email newsletters, Sendinblue is a good option.
These seven tips will get your home business started (and growing) in the right direction.