Business
9 critical tips
for managing your home based business
Now that you have decided to start your
own home based business, how are you
going to manage your home business or
work. Project management is a very important
skill for the home based business entrepreneur.
Yet, most if not all home business entrepreneurs
are untrained project managers, managing
a business. Think about how cool that is. My
advice to you is if you’re managing ahome based
business, it would be a very good idea to build up
your time and project management skills. Here
are some of the many guidelines that you need
to follow in order for your home based business
to be successful:
1. You should plan your routine. In order to
have a real business you must have a vision and
create a strategy to achieve that vision. And if you
do this you’ll get better execution of your efforts
and see better results.
2. Stop going around collecting tactics or
secrets and only buy products and services that
will support your strategy in achieving your
vision.
3. Remember that you’re your own boss:
This means the responsibility of ensuring it
success rely solely on you. The very boss in
your regular job does a lot of work for you. Be it
project management, disciplining or producing
the necessary motivation for the required results.
Now your run your own business, therefore,
you must Study and use project management
methodologies to grow your business.
4. Always remember to build your home based
business around scalability and leverage.
5. Study and understand how to outsource
and build a network of relationships, so that you
get access to talented freelancers whenever you
need them.
6. Use Process Mapping: Process mapping is one
of the best ways to document the way work should
be done and how it interrelates to other activities
in your work at home business. When you start
using process mapping, it’ll be really easy to
see why your current way of doing an activity is
more productive. Process map makes it easier to
understand the interactions, flow, sub-process
and activities that constraint your performance.
7. To manage your time working efficiently on
your home based business, you have to delegate
what hours are for productive work and nonproductive
work. Explain to family — especially
children — that you aren’t choosing work over
spending time with them, but that you have to
work during work hours.
8. Productive time is when you directly work on
your bottom line that is generating income. It is
time spent creating products, market products
or website, improving your marketing process,
managing money making projects, and creating
scalability in your home based business.
9. Non-productive time is activities that
distraction you from doing productive work.
Here are some examples of non-productive are:
surfing the Internet, checking and reading email,
answering your phone, studying and learning
time, checking Web site stats, organizing your
desk, and cleaning your office. Now I’m not saying
you shouldn’t spend any time on these activities.
You need to spend time learning, and you do need
to talk to your friends. I’m just pointing it out so
you won’t confuse that with earnings.
Remember the saying that knowledge is power,
but it has no worth to your home based business
unless it’s implemented and acted upon. If you
follow these tips, you’ll be well on your way to
increasing your income while reducing your
stress and work hours.
Article by Bismark Ampofo
WomanToWomanMagazine.com 47