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home based business

Business

4 Pitfalls To Avoid When Starting A Home Based Business

Do you know why most home based businesses fail? The main reason is because the person running the business doesn’t understand the right way to go about doing it. What you need to keep in mind is that there are many pitfalls that you should avoid and I am going to tell you about the four most important ones.

Before I get to the four pitfalls, it is imperative that you have your business idea already in your head. Now, you don’t need it all perfected just yet, but learning about the pitfalls prior to coming up with the idea will only make things harder.

4 Pitfalls to Avoid

Working Without A Schedule – If you think you can work from home and not have a working schedule, then you are going to have a really tough time. The thing you need to understand is that you don’t have to work that much, but you always need to work around the same time. Even if this is only 30 minutes, it is better than nothing. By creating a routine that you can follow, you will work more efficiently and feel more productive at the end of each day.

July 18, 2013

Business

How To Start Cutting Costs For Your Home Based Business

Do you have a home-based business? If so, we think that’s great. Not only does it speak to your sense of ambition, but also your creativity and focus. Although there are some real benefits that come with working at home (like being able to enjoy the comforts of working in such familiar surroundings), it requires a lot of time, energy and effort (continually) to make it successful.

That’s a big part of what this article is about. We know that in order for your business to thrive, you need as many resources as possible and one of the main ones is money. And so, if you are looking for some ideas on how to start cutting costs as it relates to your home-based business, we have five great ones for you right here:

Focus on what you need (more than what you want). As long as your company is up and running, there will be things for sale that will catch your eye. However, just because you want something, that doesn’t necessarily mean that you need it (or need it right now). Owning the latest Windows software or the newest computer is usually not going to affect your daily performance so, if it’s not a dire need, wait until it makes financial (and good business sense) to purchase it.

March 9, 2013

Business

The Financial Benefits Of Working From Home

Working from home is a dream for many, but some people are still not convinced of the many benefits of making a home into an office. For centuries, workers everywhere have been tied to traditional workplace arrangements–a headquarters to which all employees commute for work every day. This paradigm has worked until now, but it was born out of necessity, not out of ideal. In days gone by, a company’s staff had to work in the same place because there was no other way to communicate and access the company’s resources. Now that this is changing, working from home is becoming more financially attractive every day.

The most obvious financial benefit of working from home is the elimination of the daily commute. Workers all over the world spend countless dollars on commuting expenses every day. Whether you drive to work or rely on public transportation, you’re accepting a loss every time you hit the road for your regular commute. Money is not the only cost incurred by commuters–you lose valuable time on your daily commutes. Consider this: if your commute to work is one hour each way, you’re wasting two hours a day on the road. That’s ten hours for every work week, and an average of forty hours in a month. That’s a full work week of time vanishing every month. Imagine how much more productive you could be without that commute time cutting into your life.

January 31, 2013