Dear Reader, These articles will provide a step by step guide on how to start and run a home based business based on my experiences and other home business owners. This is part 3 in a series of 5 articles. They are written in a basic format and where possible main points are summarised in an attempt to be understood by all. I have tried to minimise technical jargon as much as possible.

So lets jump right in and see what we need to know about starting and running a home based business.

Regards, Alvin http://www.parttimeincome.org

I publish Home Business Tips, a fresh and informative newsletter dedicated to supporting people like YOU! If you’re looking for best rated home business opportunities, latest time saving tools and helpful support from a friend in business, come by and a grab a F-R-E-E subscription today at: http://www.parttimeincome.org Organising Your Business

It is essential in managing your business that you set-up files, systems, procedures and schedules for completing regular routine tasks. Construct a timetable to set times on when you will be working on specific tasks. Having set goals for each task will motivate you to complete these tasks. Stick to your timetable and you will achieve your goals. At beginning of each week, tabulate a ‘to do’ list which clearly states important priorities and any sundry matters. These habits are some which successful home business owners have employed and have sticked to in order to achieve their goals.

Managing Your Time

With many tasks awaiting you in your business, decisions will have to be made on which to complete first. Challenging tasks should be tackled when you feel you are at peak of your day.

Being at home, it is easy to get distracted by ‘home matters’ and other personal events that may unexpectedly drag you out of office. Set a regular starting time and ensure family members are aware when you are ‘in office’ and when you are not.

The temptation is great to spend all your time working on your business. Hold back and balance personal and business commitments and you will find your performance will be a lot fresher and enthusiastic.

It is definitely a good idea that at end of your working day, you shut office door and switch on answering machine. Being vacuumed back in office when not necessary is a disaster in making.

Revisiting The Business Plan

By now, you should have a business plan. Many make mistake of leaving it in bottom drawer. A plan has to continually change and adapt to situations around it. You need to keep it updated to incorporate any current activities and opportunities.

Sales Projection

Estimate your sales for next 12 months and record these. This will become important in assessing your cash flow for business. Try and include variations in seasons that will influence your sales. Try not to be too ambitious nor too conservative in your projection. You do not want to be disappointed either way.

Cash Flow Projection

Dear Reader, These articles will provide a step by step guide on how to start and run a home based business based on my experiences and other home business owners. This is part 4 in a series of 5 articles. They are written in a basic format and where possible main points are summarised in an attempt to be understood by all. I have tried to minimise technical jargon as much as possible.

So lets jump right in and see what we need to know about starting and running a home based business.

Regards, Alvin http://www.parttimeincome.org

I publish Home Business Tips, a fresh and informative newsletter dedicated to supporting people like YOU! If you’re looking for best rated home business opportunities, latest time saving tools and helpful support from a friend in business, come by and a grab a F-R-E-E subscription today at: http://www.parttimeincome.org Business Networking

Networking and building relationships is essential for growth of your business. The way to network is to associate yourself with other peers, who will hopefully become suppliers and clients. A good place to start is to find business associations, clubs and business networks which interest you and contact them. Most organisations are always looking for new members and you ill be welcomed. Approach networking in a manner that aims at building a long term relationship rather that benefit of a short term sale.

Ways to network: §Exchange business cards at every opportunity §Telephone one person a week who is in a related business field for a coffee §Join an organisation

E-Commerce

E-business has become commonplace in marketplace. You will find your business may use some e-commerce technologies:

§Business to business – suppliers §Business to consumer – online retailing §Business to government – tendering §Consumer to government – tax returns

The World Wide Web

Inevitably your business will reach stage where using internet will be essential. You will have to buy a modem, which enables computer to connect to internet. The next step is to find a ISP (internet service provider) who will provide you access to internet.

Website