Want to start your own business? More and more mums are thinking of quitting their jobs and starting a home-based business. Although job security and a regular wage makes a huge difference, many mums feel that it is not as rewarding or fulfilling. After all, the trade-off is usually less time for yourself and with your family.
Not everyone though has the guts to make the transition from a corporate job to setting up your own business. To be honest, working at home is not as easy as it sounds. You have to be financially, emotionally and mentally prepared before you go into this. So, here are a few tips that should help you start on the right track.
1. You have to love what you do
A big part of succeeding in one’s business is in loving what you do. You must have the passion for it. Passion will motivate you to achieve your goals and objectives, and would allow you to remain committed with your business. It is the same feeling that will motivate you to get out of your bed in the morning and do what needs to be done.
2. Keep it all together
When you work at home, it can sometimes be difficult to draw the line between stuff you have to do in your office and chores you have to finish inside the house. Set order and discipline and devise a strategy that should keep these two separate at all times.
For instance, even if you have a home-based business, set your work time well. If it’s after five, perhaps it’s time to call it a day and attend to the home. If it’s the weekend, try not to do any work or business related tasks. Schedule deliveries only on weekday mornings, or meet with clients during proper business hours.
If you can’t keep work and home tasks separate, you will wear yourself out by spreading yourself too thin.
3. Expand your network
Most home-based businesses are small-scale ventures but never underestimate its potential to grow. Don’t be cooped up in your home, hoping clients and potential business partners will come. Socialize with your friends and see if they can give you business leads. Social networking sites are also a great venue to build your network and a great tool for opening up a new potential market.
4. Seek help when needed
Birth pains, adjustments and problems are normal when starting a business. If you find that you need some expert advice, tap into your network and don’t be embarrassed to ask for help.
You may have a friend who works as an accountant and can help get your books in order. Or your husband knows a lawyer who can give pro-bono work to look into your IP and Trademarks. Your cousin may be a Journalism or English major who can help in doing copywriting work for your website.
Starting a home-based business is not easy but with the right knowledge and deep commitment, it may just be the best decision that you’ve ever made.