Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

How to run a profitable home business from day one


Published on

This three-part formula unlocks the key to running a successful home-based business. Working from home isn’t quite as easy as the online ads make it out to be. But it doesn’t have to be hard either, as long as your know what you can and cannot do, and as long as you are determined to put in the effort

  • Be the first to comment

  • Be the first to like this

How to run a profitable home business from day one

  1. 1. FRONT PAGE ABOUT CONTACT US RSS ← Why Bill Gates Chose Warren Buffet as His Role Model Productivity Tips: To search, type and hit enter How to Answer 70 Emails a Day → SUBSCRIBE How to Run a Profitable Home Business from Day One April 22nd, 2010 ∙ View Comments ∙ Business Plan   This three-part formula unlocks the key to running a successful home-based business. Working from home     isn’t quite as easy as the online ads make it out to be. But it doesn’t have to be hard either, as long as your know what you can and cannot do, and as long as you are determined to put in the effort. The effort that is required involves many of the same attributes that going away to college for the first time or living on your own require. You have to be willing to do almost everything for yourself, focused on time- management, and determined to accomplish your goals. Software Development Templates Home grown Cherry Tomatoes 1. Plan One of the first steps to starting a business, be it a corner-bakery or a graphic design company, is to figure out your long-term goals and put together a business plan. Not only will this help gear you towards your opening day, but also give you something concrete to offer when you approach your options for funding. A strong business plan will detail the market data that supports your potential for growth. It will focus the data into a feasible outline of your options, and then produce a general timeline as to how and when you plan on taking your first steps. A business plan does not have to be concocted like an essay paper – do your own research, but also don’t be afraid to outsource your advice. There are business plan writers that offer expert MBA guidance who can help you along the way, or even safeguard your effort but putting their finishing touches on it before you present it to either your financial supporters or your board of reviewers. 2. Manage Manage your time, and make sure you realize that certain hours of the day are office hours, no matter where you are. You won’t be able to put together a great business plan sitting in front of the television during a sports game, so don’t expect to be able to run a business either. Working from home gives you the option to set your own hours, dictate when and where things should be done, and how often they get done. Set the tone, and then promise yourself that you will stick to it. Page 1 / 8
  2. 2. Look at the success that others in your industry have achieved, and also those who saw less growth, and study the way that it happened for them. If you want to run a home business and achieve similar success to those who work at offices, then you need to be just as committed to “being there,” whether you are physically or not. 3. Finance Finding financial freedom is more-so a matter of persistence than having the perfect idea. It isn’t a matter of luck or good karma, even if you plan on looking for help from angel investors. Your biggest asset will be your market, and how much growth is projected for your future. This may very well be one of the largest investments you will ever make, so use all the information that you have to find the right tools. Outsource your networking, as well, and try to build your customer base from your friends, past-coworkers, and careers. Starting from home basically means that you’re in charge – so every little thing will be your responsibility. You will be in charge of more than one position, so be prepared to make your own calls, visit your own customers, and also making your own cup of tea at the same time. Your hard work will pay off, but only if you stick to it. Remember that doing everything for yourself doesn’t involve literally running all of your own errands or typing up every single invoice. There are many resources available for you to outsource your tasks – the parts that involve you also deal with managing your partners and researching your industry standards as to what is the best feature for the business. About the Author David Liu is a writer and comedian based in San Diego, California. He writes extensively for an online resource that provides expert advice on purchasing and outsourcing decisions for small business owners and entrepreneurs such as credit card processing service & credit card processing companies. You can find him at Resource Nation.                 Related posts: 1. 5 Alternative Ways to Attain Money for Your Business 2. 5 Quick Pointers On Startup Funding Strategies 3. 9 Reasons My First Online Business Failed 4. Five Steps to An Effective Business Plan 5. Case Studies As Marketing Strategy Tags: Business Plan ∙ Finance ∙ funding ∙ Marketing Plan ∙ Outsource ∙ Startup VIEW COMMENTS SO FAR ↓ Like gas stations in rural Texas after 10 pm, comments are closed. Page 2 / 8
  3. 3. RECENT POSTS n 5 Quick Pointers On Startup Funding Strategies n Business Negotiation Tactics: The Secret Power of Learning To Say No n Office Politics #1 – How to Give Your Boss Feedback n Productivity Tips: How to Answer 70 Emails a Day n How to Run a Profitable Home Business from Day One BUSINESS TEMPLATES Action Plan Bill of Materials Business Case Business Continuity Plan Business Needs Statement Business Plan Business Process Design Business Requirements Business Rules Case Study Templates Communication Plan Cost Benefit Analysis Employee Handbook Feasibility Study Grant Template Marketing Plan Policy Manual Statement of Work Standard Operating Procedure SALES & MARKETING TEMPLATES Business Agreement Forms Instant Business Letter Kit Instant Home Writing Kit Last Will and Testament Forms Legal Forms & Contracts Page 3 / 8
  4. 4. Press Kit Templates Prenuptial Agreement Form Project Management Templates Real Estate Forms and Contracts Sales & Marketing Toolkits Website Design Proposals Web Designer Forms & Checklists PROPOSAL TEMPLATES Expression of Interest Invitation To Tender Proposal Template Proposal Forms and Checklists Request For Proposal Statement of Work IT TEMPLATES Acquisition Plan Availability Plan Capacity Plan Change Management Plan Concept Proposal Configuration Management Plan Conversion Plan Concept of Operations Database Design Document Deployment Plan Design Document Feasibility Study Functional Requirements Installation Plan Interface Control Document Project Plan Risk Management Plan Service Level Agreement Setup Guide Statement of Work Page 4 / 8
  5. 5. SDLC Lifecycle Template Pack Software Testing Templates Software Requirements System Admin Guide System Boundary Document System Design System Specifications Security Plan Test Plan Transition Plan Verification Plan TECH WRITING TEMPLATES Audience Analysis Case Study Templates Communication Plan Documentation Plan Installation Plan Maintenance Plan Operations Guide Release Notes Setup Guide Software Testing Templates Standard Operating Procedure System Admin Guide System Boundary Document Training Plan User Guide Template Use Case Templates White Paper Templates PROJECT MANAGEMENT Page 5 / 8
  6. 6. Click Here CONNECT WITH ME You can connect with me at Twitter, BusinessWeek, Delicious, Digg, Disqus, Facebook, Flickr, Google Reader, & LinkedIn, Page 6 / 8
  7. 7. StumbleUpon You can email me here WORTH READING Escape 9-5, Live Anywhere Writing Business Proposals Guide to Effective RFP Development Information Architecture Blueprints Writing White Papers Secrets of a Freelance Writer Writing Better Requirements Technical Communication Package Power Tools for Techl Comms Business Writers Handbook TAGS Acrobat Add new tag Adobe Business Business Plan Case Study China Communications Example Facebook Format funding Grounded Theory guidelines Innovation Interviews Linkedin Marketing Marketing Plan Media Kit Methodology MS Word Procurement Proposal RFP ROI Sales Screenshots seo Shortcuts. Screen Shenzhen Capture Small business social media Startup Strategy SWOT Tactics Technical Writing template Troubleshooting Twitter Video Word Template "Style Guide" writing Writing Word Video CATEGORIES n Books I Like n Brand Management n Business Plan n Business Process n Business Proposals n Business Writing n Career n Case Study n China n Clickbank n Communications n Entrepreneurship n Facebook Page 7 / 8
  8. 8. n Free n How To n Lead Generation n Leadership n Linkedin n Marketing Plan n Microsoft Word n Presentations n Productivity n Project Management n Screen Capture n Small Business Tips n Snagit n Social Media n Strategy n Style Guide n Technical Writing n Templates n Tips n Web Worker ARCHIVES n May 2010 n April 2010 n March 2010 n February 2010 n January 2010 n October 2007 n September 2007 n July 2007 n November 2006 n June 2006 n May 2006 n April 2006 n February 2006 n January 2006 ADMIN n Log in n WordPress n XHTML © 2010 Klariti Business Tips for Smart People! — Cutline by Chris Pearson Page 8 / 8