If you’re looking at a new business, make up a business plan, include your goals and financial projections. YOU need to know more than anyone where you are headed. Your business plan doesn’t have to be drawn up by a professional business planner, you can do it yourself. Write down hard costs of getting business started and maintained, including costs of licenses, equipment, inventory etc. Don’t forget to include how much income you will need to be bringing in, or have saved up until you start to show a profit. Always have a Plan-B in place. Lack of planning will have your business sinking in no time at all.

Business owners are generally “go-getters”, which means they are usually hard workers. Staying disciplined, even for hard worker can be difficult at times, especially when there is no boss or supervisor around to crack that whip and make you do your work. Getting lazy and not being productive with your business is a surefire way to sink it.

Here’s some tips to keep you on track and keep your business afloat.

Daily “to do” lists are constant reminders that keep you on track. They keep you motivated, and it feels good to cross things off as you get things done. You need to have a sense of accomplishment, and this helps serve that purpose.

Push your business to new heights every day by doing just a little bit more than you need to. This will ensure that it will SWIM.

Break up your day into segments; plan your day properly. Give yourself a proper work time schedule and try to stick with it. Even if you don’t work 9-5 anymore, pretend you do. Having your own home business often means working more than eight hours a day to turn a profit. Be prepared for that. That way you will SWIM and not SINK.

It’s really not hard to start a medical transcription business. The start-up costs are low compared to many other home-based businesses.

You need a form of education, via home study courses or by attending your local community college. You do NOT need a degree in medical transcription to start a business either. In a short amount of time, usually nine months or less, you can be working from comfort of your own home, just like me.

You will need some equipment, such as a computer, a printer, a transcriber, and some reference books. All of which can be purchased second hand if need be. The latest and greatest equipment is not necessary to get started.

Now, there are some special skills you will need, outside of education, which include:

* Excellent grammar skills

* Good Listening Skills,

* Basic computer skills with a word processing program

* Research Skills

* Ability to type – your speed will increase with experience

* Must be detail oriented

* Ability to work on your own