The Right Stuff

Written by BB Lee

Continued from page 1

16. I've discovered a niche inside this market.

17. I accept working long hours with little or no compensation.

18. I have enough space in my home to operate a business.

19. I know I can successfully run a business from my home.

20. I know who my customers are. big surprise here! Allrepparttar answers torepparttar 117741 questions were YES! If you answered yes to most of these questions then you probably haverepparttar 117742 "Right Stuff" to make it in a home based business. If you answered "NO" to any ofrepparttar 117743 questions, this isrepparttar 117744 area you need to cultivate until you haverepparttar 117745 needed business skills to survive inrepparttar 117746 business world. Try to strengthen this area through education, study, extensive reading, research, consulting experts, before embarking on your business venture. Or, hire a partner with good skills in your weak areas.


BB Lee is Editor/Publisher of SmallBizBits Home Business Newsletter! Get Your Free Subscription Now! Free Ebook Bonus With Sign-up! Visit Online: To subscribe


BB Lee is editor/publisher and professional writer.

The Money Value of Time

Written by Elena Fawkner

Continued from page 1

Think $30 here or there won't make any difference? Think about this. Do it twice a week and you've just lost over $3,000 forrepparttar year in potential business. And when you consider that some of that $3,000 in business would have become repeat business, you're cheating your business out of some serious income.

Applyrepparttar 117740 same thought process to when you actually ARE working also. What'srepparttar 117741 better use of your time -- writing an article for this week's issue of your ezine which will hopefully be picked up by other sites and publishers, thereby providing you with valuable free publicity -- or stopping what you're doing every ten minutes each time you get new email? And reading it.

Remember:repparttar 117742 hour or two you spend writing your article needs to returnrepparttar 117743 equivalent of $40 in income. Writing articles isrepparttar 117744 equivalent of free advertising. You can *easily* generate at *least* $40 in income with that sort of no-cost publicity. My articles published on other websites and in other ezines bring me hundreds of new visitors each week. All for about two hours worth of work on my part. No amount of time spent reading email will ever do that.

Contrast how much income you generate by reading non- business-related email during working hours. Zero. It makes absolutely no contribution to your bottom line. So, don't do it when you're working. Do it on your own time.

By having your "hourly rate" uppermost in mind at all times, you can always decide what'srepparttar 117745 best use of your time. Quite simply, it's whatever alternative will make a direct contribution to your bottom line.

Now, obviously, no-one's going to step forward and hand you $20 every time you complete an hour's work. You're not someone else's employee - you're running your own show.

Some weeks you'll put in 50 hours but will only receive $100 that week. Or less. But other weeks, you'll put in repparttar 117746 same number of hours and bank $1,500. It's swings and roundabouts.

It's a good idea to review your expenditure of time against revenue generated on a monthly or bi-monthly basis to get an accurate picture of how you're tracking.

The point is to know what your time is worth so you can ensure you're gettingrepparttar 117747 maximum return on your investment that you possibly can.

It will also help you to determine whenrepparttar 117748 all-important big step of hiring employees isrepparttar 117749 most cost-effective thing to do. If you can generate more income from each hour if you are free to devote your time to business development activities than it will cost you to pay an employee to take overrepparttar 117750 routine, administrative tasks that are currently sucking up all your time, you should hirerepparttar 117751 employee. If you don't know what your time is worth though, how will you ever know when that time has come?

So, next time you're not feeling particularly motivated to write that article and think you'll maybe just go read repparttar 117752 newspaper for an hour or so instead, consider this. Would you rather spend $20 to readrepparttar 117753 newspaper at 11:15 on a Tuesday morning or would you rather read it for free at 7:30?

Time is money and money is time. Spend them wisely.

------ ** Reprinting of this article is welcome! ** This article may be freely reproduced provided that: (1) you includerepparttar 117754 following resource box; and (2) you only mail to a 100% opt-in list.

Here'srepparttar 117755 resource box to use if reprinting this article: ------ Elena Fawkner is editor of A Home-Based Business Online ... practical business ideas, opportunities and solutions forrepparttar 117756 work-from-home entrepreneur.


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