How to run a successful home business
When you are running a business from home, there are a few things you need to take into consideration which can easily be the difference between a successful business and a failing hobby.
You won’t have a boss breathing over your neck anymore and holding you accountable to deadlines. You won’t have to clock in and out anymore and be dictated to when you can take your lunch break or take a trip to the coffee machine.
This is all part of the reason many of us work for ourselves and is a real bonus, but it can also be our downfall if we’re not careful.
To have a successful business you need to:
- Create a good working environment
- Learn how to be productive working for yourself
- Manage your time efficiently
- Know how to stay motivated when the going gets tough
Creating a good working environment
Think carefully as to where you are going to work from, particularly when working from home to give yourself privacy and minimise distractions as much as possible
Space needs to be maximised so that you have everything around you that you need to work in an efficient and organised manner. Have a place for everything and keep everything in its place.
Make sure you have enough space to keep everything you need around you and to be comfortable.
Create a work day schedule
If you want to be productive, create a schedule and stick to it. Waking up when you feel like it and taking long lunch breaks is not most conducive to a successful business. Decide on your working hours and plan your day around this. On the flip side, it is also important to have a cut off time and not find yourself working late into each evening. This is a sure-fire way of your family starting to resent what you do and their support going into decline.
Prioritise your work. Knowing the most urgent and important has been completed will help relieve stress and help your focus on other tasks during the day.
It is far too easy when running your own business and trying to do everything yourself to find yourself feeling overwhelmed and crushed by the mountain of tasks demanding your attention. The accounts need updating, bills need paying, the marketing needs doing, quotes need chasing, meetings need to be booked and all of this before you even start on the core of producing your product or providing your service.
All too often small business owners find themselves working 15 hours a day, neglecting their family and eventually reaching burnout through sheer exhaustion.
You need to understand that it is not about getting everything done. It is about figuring out how to get more of the right things done with the time you have.
- Plan your day/week/month so you know what needs doing and when
- Set out your working hours and plan what work you are going to do within these hours.
- Have the right tools. From online calendars, databases, accountancy software and project management software, there are so many tools that help save time, money and stress so use them.
- Outsource what you hate. Get someone else who can do the work faster and more efficiently than you to free you up for doing what you love.
It happens to the best of us. We are striving away running our home-based business but one day we get up but find that our motivation has decided to take a day off.
To help stay motivated:
- Organise your workspace and keep it decluttered and welcoming
- Find an accountability partner to chase you up and check that you have got those pesky tasks finished.
- Review your goals to make sure you have not gone off track which is leaving you feeling somewhat demotivated.
- Define why you started your business. Keep this in your mind to help spur you on to realising your dream.
- Get out and mix with other like-minded people who understand what you are going through and can help lift you up again.
Believe in yourself and you will be unstoppable!" - Angie Taffs.