Showing posts with label Home Business. Show all posts
Showing posts with label Home Business. Show all posts

Monday, 3 July 2017

12 Things No One Tells You About Running a Home Business


 Lesser Known Challenges to Working From Home


There’s no doubt that starting a home business has many perks. You get to be your own boss. You can work how and when you want. You set your own fees, essentially earning what you’re worth. But there are a few drawbacks that many home-based entrepreneurs forget to mention.

1. You’ll get less respect or be asked when you’re going to get a “real” job.

Although this is a little less than it was 10 years ago, for some reason, many people don’t view home businesses as legitimate career choices. Instead, it’s something people do on the side to make a few extra bucks, or until a real job comes along.

2. People will think you have all the time in the world to do them a favor.

Because you work from home, you must have time to let the cable guy in for your neighbor, pick up your sister’s kids at school, and have lunch with your mother. To avoid becoming the go-to on-call helper, have set work hours and be a stickler to others about respecting them.

3. You’ll use more mental energy than at a job.

While jobs do require mental energy, owning a business, in which you’re in charge of every aspect, and your success is dependent on how well you manage it, means you think a lot about your business. Even when you’re not working, you’re thinking about it.

4. Work isn’t always fun.

Even if you start a business doing something you love, there are aspects that aren’t fun. Some of these tedious jobs can be outsourced to a virtual assistant, but even then, you’ll have days where you don’t like your business.


5. Work is rarely ever done.

Calendars, schedules, routines, and to-do lists will help you stay on top of tasks, but you’ll probably never come to the end of your list.

6. You’ll sit more.

Because you don’t have to get up, get dressed, and commute to a job, you’ll move less. Unless your home business is in landscaping or fitness training, you’ll likely spend a great deal of time at your computer. This can lead to weight gain and related health issues. In fact, health experts indicate that sedentary workers don’t need to exercise more, they just need to sit less. So get up more often.


7. Work and life lines blur.

Having your career in your home means it’s easy to work when you’re off, and be off when you’re supposed to work. While flexibility can be an advantage of running a home business, if you’re not consciously making decisions about work and off time, you can begin to feel overwhelmed and scattered. This is where time management can make a big difference in the quality of your work and personal life.


8. It’s lonely.

The quiet and solitude of a home business are nice for being focused and productive, but it’s lonely too. There’s no water cooler for gossip or feedback from a colleague. Social media and online groups can help with this, but it’s important to make an effort to connect with people in real life. This can be done through live networking events, co-working facilities, or MeetUp groups.


9. It gets harder to go back to a traditional work situation.

Once you get used to having your own schedule and working without a boss, it gets difficult to want to go back to that situation. 


10. You’ll work too much (or maybe not enough)

Especially in the beginning, home businesses take a great deal of time to get up and running. You may not have a day off for weeks or months. This can cause problems with your family. Or, it’s possible you’ll not work enough. A home business is flexible, but not so flexible that you can make a living during your child’s nap times or working only an hour a day.


11. Some days you may not get dressed.

Working in your p.j.s is a perk of having a home business. But spending the entire day in your jammies will make you feel frumpy. Many experts suggest getting up for your home business just as you would for your job; shower and get dressed.


12. You’ll be home all the time.

Living and working under the same roof can get tedious. On the days you don’t get dressed, also means you don't leave the house. Fortunately, many home businesses can be run from other locations and since many public spots have free wi-fi, you can take your work on the road for a change of scenery.

Secret to Home Business Success



The truth is, there is no “secret” to building a successful home business. What it takes is:
Belief
Depending on your level of confidence, it might be better to suggest you have faith over belief. For many home based entrepreneurs who struggle or fail, the thing that gets in their way of success is themselves. Because they don’t believe they can achieve success, they don’t do the tasks that need to be done or if they do, they don’t do them with the right attitude and amount of oomph.
Henry Ford once said, “Whether you think you can, or you think you can’t, you’re right.” The truth is, when you don’t believe, you don’t have the muscle to work and overcome. Instead, challenges and set-backs are used as proof that you can’t do it. On the other hand, people who have belief keep striving regardless of the obstacles and eventually reach success. Belief is fuel that will help you stay the course.
Have a Vision
Vision serves two-fold. First, it gives you a mark to strive for. It’s difficult to reach a goal if you don’t know what it is.
Squash Fear
Fear may be the biggest dream killer of them all.
Take Action
Success doesn’t happen without action. Winning the lottery might make you rich, but it doesn’t make you a success. And when you consider that most lottery winners blow their money and end up poor again, easy riches don’t build the skills and character needed to retain it. Action not only moves you toward your goal, but through it you learn what works and what doesn’t, you develop tenacity and persistence, and you build character.
Surround Yourself with Quality People
Just because you’re building a home business, doesn’t mean you have to do it alone. Starting and growing a business is hard work, and sometimes an encouraging word goes a long way to keeping you motivated. Coaches and mentors can be very helpful in giving you the skills and support you need. Mastermind groups can also provide emotional support, as well as feedback and tips to help you build your business.


Focus
Having a vision for your business is a great way to develop focus. The trick is to not get distracted by shiny object syndrome. Shiny objects appear to be helpful initially. They’re the brand new marketing system or get-rich-fast program. Ultimately, they take away your focus, and waste time and money. When you develop your vision, you also create a path to achieving it. Stay focused on your plan and don’t let yourself get sidetracked by shiny objects.
Get Back Up
More than anything, success in home business, or any goal, is the ability to keep striving for success in the face of set-backs and failure. It doesn’t matter what business you decide to start, you’ll experience problems and challenges. Many people bump into an obstacle or don’t achieve the results they want fast enough and view these challenges as stop signs. But successful people view them as problems that need to be learned from and overcome. Study any successful person you admire and you’ll discover he or she endured obstacles and failures. Instead of giving up, they got back up, dusted themselves off, and got working again.