Working at home and time management

Time management and organisation is so important in life and when it comes to working at home it is doubly important. As a matter of fact Time management, oganistaion, schedules are all prominent in any successful organisation.

Time is one thing that we do not have enough of it is one thing in life that is constant. Time will wait for no one so we have to utilise it best way we can.

It makes no sense to try and cram everthing in to a short space of time because it will become counter productive. can you imagine a plumber trying to make a deadline of finishing 3 days work in one day. His work would become sloppy he would make mistakes then he would have to go over job again.

So really answer to question of not having enough time is organisation, writing schedules and keeping a diary. This is vital for a home based entrepeneur!

Organisation means keeping all your documents, invoices, accounts and everthing you use in your business in their proper place. This will save time because you will know where everything is It will also lead to a less stressful home/working environment.

Keeping a diary, filo-fax or some kind of personal organiser is a vital business tool for obvious reasons.

Start-up Capital

There is no secret that money talks loudest of all. As a future entrepreneur, you may well know fact that capital is perhaps most essential part of setting up a business, both online and offline. Lack of start-up capital not only puts your business at a disadvantage, it also makes cash flow a serious issue. Over time, it also makes it difficult for you to expand your business.

The good side is that start-up capital in form of small business loans are readily available at most commercial banks around your country. As long as you have a good credit rating, getting small loans should not be much of a problem. One important thing to remember here is to never borrow more than what you need to get started.

You loan amount need only cover for basic necessities of business. Start your business small and control your finances daily, monitoring everything you spend on and trying to cut costs where ever possible. When your business cash flow starts working in your favor, you are ready to safely take out another business loan for expansion of business activities.

Business Experience

Most people are afraid to start their own business, simply because they have "no experience". Therefore, they never get started at all, and never end up gaining that experience in first place.

Most people are afraid to enter into a business venture because they fear failure due to lack of experience. It's a Chicken-and-Egg story, or a Catch 22, or whatever else you can call it.

A Solid Business Plan

Any business is more likely to succeed if they have a definite plan of action to follow. Unfortunately, in reality most small business and home based businesses have no idea on developing a business plan that drives them to success. That is reason why 70% of businesses fail within first year. A solid plan needs to state exactly WHEN and HOW you will make money.

Before you get into business, make sure your business plan is laid out right to very minor details. You need to know: