How To Survive Your First Year in Business

Written by Brett Krkosska

What'srepparttar best way to create a profitable business? A business you really love that makesrepparttar 118003 kind of money you really want?

Planning, planning, and more planning.

Before jumping head-long into a new business, you must layrepparttar 118004 foundation for long-term success. A good foundation is rooted in a solid plan.

Many new businesses skip what is perhapsrepparttar 118005 most important part of a solid business plan... assessing individual strengths and weaknesses.

But does a self-assured, go-getter such as yourself really need to do a self-analysis?

Research has shown that many businesses collapse in their first year because of inadequate planning. A thorough self-assessment isrepparttar 118006 first step in planning a business which lasts well beyondrepparttar 118007 first year.

What happens if you skip this first step?

Picture yourself standing on a grassy knoll looking out upon a desert - a sea of sand. You must cross this desert to reachrepparttar 118008 cool, refreshing waters onrepparttar 118009 other side.

You begin your journey inrepparttar 118010 brisk, night air. The warm sand feels good between your toes. But then, you feel a nip at your feet. It is a creepy creature ofrepparttar 118011 night which has mistaken your curly little toe for a frisky, hopping snack.

A thought... should have planned for boots.

It then occurs to you that your little toe will become quite curly tomorrow whenrepparttar 118012 sand heats up fromrepparttar 118013 blazing sun.

Not a pretty picture, is it? Ya gotta plan. Bare feet at first... great for comfort. Boots for later on... that's thinking ahead.

The questions below will help you to prepare yourself... for business.

A. Why Do You Want To Start Your Own Business?

Understanding your motivation helps you to see pastrepparttar 118014 romantic notions of being self-employed. The questions below have no correct answer. They are different for everyone. Just look at your answers critically and evaluate how important they are in choosing to start a business.

1. Do you want better work hours? If so, what hours do you want to work?

2. Do you want to be your own boss? If so, why do you want to be your own boss? e.g. creative freedom, current boss is a Neanderthal, better use of your skills...

3. Do you want to improve your financial condition? If so, by how much? How much income do you want every week? Every month? Every year?

4. Does your current job leave you unfulfilled? Why? Can your desire to be self-employed fill this need? In what ways?

5. Do you have a business idea in mind? If so, why did you choose this business?

Out of Control

Written by Bob Osgoodby

Are you in control of yourself; your destiny; your business? There are many warning signs that you might not be, but many times they go unheeded. To be in control of anything, you must first be in control of yourself.

If you are working from your home, it is easy to "loose control" and slip into bad habits. You must exerciserepparttar same discipline that would exist in an office, where you had to arrive at a certain time inrepparttar 118002 morning, and work a full day.

While you can basically start your day, and end it when you wish if you work from home, you must maintain some semblance of order in your workday. Simply being there for a certain number of hours is not repparttar 118003 answer, if those hours are not productive. Butrepparttar 118004 beauty of working from home is that you do not have to have a regular schedule.

If your business is people oriented, you have to be available when your prospective clients are available to you. If it is product oriented, it really makes little difference when you work. Some people are morning people and achieve their best productivity then - so do it then. Others are "night owls" and that is their best time.

If you aren't in a situation where you have to be available during certain hours, pick whatever works best for you. A better way is to establish goals to meet. If you meet your goals each day, it doesn't matter when you accomplish them. Personally, I prefer to meet all of my daily goals inrepparttar 118005 morning when I'm fresh, and then, do what I wish forrepparttar 118006 rest ofrepparttar 118007 day.

You should establish your goals for each day. The best thing is to write them down, and print them out so you can review them. Always leave a bit of extra time forrepparttar 118008 unexpected. For example, you should first check your email inrepparttar 118009 morning to resolve any problems that might have "cropped up" overrepparttar 118010 night. Then, meet your goals established for that day.

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