Building a successful home business IS possible, if the recipe for success contains the right ingredients!
With so many opportunities available for the home business entrepreneur, it's hard to decide where to start.
It takes a few key ingredients to be successful with your home based business, these ingredients will make your income rise...
1. You must have a solid company, a lucrative pay plan with no hurdles to jump each month so that you are not restricted in compensation in any way.
2. A product that is consumable, that will be used each and every month so that you have repeat business, a long term customer base will produce a long term residual income.
3. A mentor or coach, who can support you both Online and Offline to grow your business quickly and efficiently.
4. A team of like minded individuals to support you during your first few months of learning how to build your business. Friendly support and encouragement from others who are also building the business will help you as you initially grow your business until you become a mentor yourself.
5. Marketing tools, such as a free online marketing system to market to your potential customers, working for you 24 hours 7 days a week. Online training resource center, with information about your business that will help you grow.
6. Training Calls, either teleconferencing or online conferencing where you can connect with your team for support or bring new prospects to grow your business.
All these key ingredients are required to build a successful home business, however, the MOST important ingredient is YOU!
If you are not willing to invest the time needed to learn, market, and build, your home business will never grow.
Set your hours, set your goals, stick to them and If you add all the above ingredients, including you, together... watch your income rise!
One might link home business opportunities with personality, but the fact is you have to have a specific character to go it solo. Not everyone can be a home business owner. But there are some personality traits that are common in the self-employed that out do education, who knows who, skills and experience. Those who choose home opportunities that best fit their true personalities have a higher degree of success. Every personality type has the potential for success in the right opportunity. Most self-employed people are natural leaders, excellent problem solvers, and are great under pressure. The key to success is finding the business opportunity that best suits you.
1. The trailblazer is very competitive, ambitious, and goal oriented. They steam roll over everything and can be quite aggressive. These people are restless and very energetic and run on fast and faster. Great fields for these people are medical, technology, money, legal and consulting.
2. The go-getter has more than normal amount of dominance and social ability. These people are great leaders and really care about others. They are very independent and can be a great motivation. They have a flare for retail and can also make good in any business type due to their excellence in the unfamiliar.
3. The manager is dominant and independent. These people are extremely analytical and take a more relaxed approach to make sure all is done correctly. These peoples strong areas are working behind the scenes on the technology, ideas, and marketing concepts.
4. The motivator is dominant and extremely social. These people work well under pressure. They are at the forefront of collaboration, building, and change. Any field that deals with people is their place of action. They are very convincing and can persuade anyone with their emotional argument. They can see both sides of every situation and are excellent at customer service.
5. The authority is that person who is the backbone. They are the workers of the world who do it right. These people exceed in the area of franchises and owners to already up and running businesses. These people look at the detail and tactics involved in all areas and do things the right way. They are very patient and accommodating and usually find themselves self-employed by accident.
6. The collaborator has the gift of sociability. It is all about the people for them. This type always get what they want and make the best sales people. They are warm sellers, using advertisements and/or e-mail to contact prospective buyers. Once the consumer initiates an interest, they will sell their hearts out.
7. The diplomat is very restless and enjoys a certain amount of pressure. They have a deadline to meet and they get work done quickly. They deal well with change and new situations. They do things right and love variety. These people are the multitaskers and are usually doing many things at once. These are the people who get the business and keep them coming back for more.
Ironically, most of us got into the home based business world because we wanted to have more time with family. So how is it that we sometimes have less time? Let’s take a look and see what can be done about it.
The promise of having more time with family is one of the major attractions for a home based business, but time has to be carefully managed and guarded. If you are in a regular job working at least 40 hours per week, it can be tough. One thing that must be communicated to your family is that there has to be a short term pain for a long term gain.
You have a finite amount of hours available to you, but here are some suggestions. If you have children at home and it becomes chaos as soon as you get home, then one possible strategy is to stay at work an extra hour later. You can return quite a few phone calls in an hour and it would probably be uninterrupted. A home based business can have a remote office!
Another strategy is to take mass transit if you normally drive. It may allow you an extra 30-60 minutes per day to organize contacts, return phone calls, or listen to training materials with your mp3 player. If your company has training or motivational phone calls that are at a bad time for you, it is possible to record them (check with local laws on it).
I have recorded many calls to a $39 digital voice recorder with a $15 connector that goes from my phone to the recorder (available from Radio Shack). You are then free to listen to the calls on your time.
I make it a priority to spend time with my kids when they come home from school. I work from home full time, so I take a break mid-afternoon to see how their school day was and enjoy a snack together. I then head back to my home office until dinner time.
I also have less need for sleep than the rest of my family so I frequently take an hour or two at night or early morning. This can be extremely productive time for a home based business, but unfortunately does not usually allow you to return phone calls. I used my lunch time at my old workplace for that using a cell phone – my investment in the large minute plan was worth it.
The exact solution for you has to be determined by you for your particular home based business. However, my advice is to plan ahead and block out the family time. Make sure you clearly communicate with all family members about what time you are blocking out for your business activity. As long as you communicate well, you should be able to spend anxiety-free time on your business.
With some good planning, you can be successful in being good to your family and your home based business.
With so many opportunities available for the home business entrepreneur, it's hard to decide where to start.
It takes a few key ingredients to be successful with your home based business, these ingredients will make your income rise...
1. You must have a solid company, a lucrative pay plan with no hurdles to jump each month so that you are not restricted in compensation in any way.
2. A product that is consumable, that will be used each and every month so that you have repeat business, a long term customer base will produce a long term residual income.
3. A mentor or coach, who can support you both Online and Offline to grow your business quickly and efficiently.
4. A team of like minded individuals to support you during your first few months of learning how to build your business. Friendly support and encouragement from others who are also building the business will help you as you initially grow your business until you become a mentor yourself.
5. Marketing tools, such as a free online marketing system to market to your potential customers, working for you 24 hours 7 days a week. Online training resource center, with information about your business that will help you grow.
6. Training Calls, either teleconferencing or online conferencing where you can connect with your team for support or bring new prospects to grow your business.
All these key ingredients are required to build a successful home business, however, the MOST important ingredient is YOU!
If you are not willing to invest the time needed to learn, market, and build, your home business will never grow.
Set your hours, set your goals, stick to them and If you add all the above ingredients, including you, together... watch your income rise!
Home Based Business Opportunity
One might link home business opportunities with personality, but the fact is you have to have a specific character to go it solo. Not everyone can be a home business owner. But there are some personality traits that are common in the self-employed that out do education, who knows who, skills and experience. Those who choose home opportunities that best fit their true personalities have a higher degree of success. Every personality type has the potential for success in the right opportunity. Most self-employed people are natural leaders, excellent problem solvers, and are great under pressure. The key to success is finding the business opportunity that best suits you.
1. The trailblazer is very competitive, ambitious, and goal oriented. They steam roll over everything and can be quite aggressive. These people are restless and very energetic and run on fast and faster. Great fields for these people are medical, technology, money, legal and consulting.
2. The go-getter has more than normal amount of dominance and social ability. These people are great leaders and really care about others. They are very independent and can be a great motivation. They have a flare for retail and can also make good in any business type due to their excellence in the unfamiliar.
3. The manager is dominant and independent. These people are extremely analytical and take a more relaxed approach to make sure all is done correctly. These peoples strong areas are working behind the scenes on the technology, ideas, and marketing concepts.
4. The motivator is dominant and extremely social. These people work well under pressure. They are at the forefront of collaboration, building, and change. Any field that deals with people is their place of action. They are very convincing and can persuade anyone with their emotional argument. They can see both sides of every situation and are excellent at customer service.
5. The authority is that person who is the backbone. They are the workers of the world who do it right. These people exceed in the area of franchises and owners to already up and running businesses. These people look at the detail and tactics involved in all areas and do things the right way. They are very patient and accommodating and usually find themselves self-employed by accident.
6. The collaborator has the gift of sociability. It is all about the people for them. This type always get what they want and make the best sales people. They are warm sellers, using advertisements and/or e-mail to contact prospective buyers. Once the consumer initiates an interest, they will sell their hearts out.
7. The diplomat is very restless and enjoys a certain amount of pressure. They have a deadline to meet and they get work done quickly. They deal well with change and new situations. They do things right and love variety. These people are the multitaskers and are usually doing many things at once. These are the people who get the business and keep them coming back for more.
Home Based Business vs. Family Time
Ironically, most of us got into the home based business world because we wanted to have more time with family. So how is it that we sometimes have less time? Let’s take a look and see what can be done about it.
The promise of having more time with family is one of the major attractions for a home based business, but time has to be carefully managed and guarded. If you are in a regular job working at least 40 hours per week, it can be tough. One thing that must be communicated to your family is that there has to be a short term pain for a long term gain.
You have a finite amount of hours available to you, but here are some suggestions. If you have children at home and it becomes chaos as soon as you get home, then one possible strategy is to stay at work an extra hour later. You can return quite a few phone calls in an hour and it would probably be uninterrupted. A home based business can have a remote office!
Another strategy is to take mass transit if you normally drive. It may allow you an extra 30-60 minutes per day to organize contacts, return phone calls, or listen to training materials with your mp3 player. If your company has training or motivational phone calls that are at a bad time for you, it is possible to record them (check with local laws on it).
I have recorded many calls to a $39 digital voice recorder with a $15 connector that goes from my phone to the recorder (available from Radio Shack). You are then free to listen to the calls on your time.
I make it a priority to spend time with my kids when they come home from school. I work from home full time, so I take a break mid-afternoon to see how their school day was and enjoy a snack together. I then head back to my home office until dinner time.
I also have less need for sleep than the rest of my family so I frequently take an hour or two at night or early morning. This can be extremely productive time for a home based business, but unfortunately does not usually allow you to return phone calls. I used my lunch time at my old workplace for that using a cell phone – my investment in the large minute plan was worth it.
The exact solution for you has to be determined by you for your particular home based business. However, my advice is to plan ahead and block out the family time. Make sure you clearly communicate with all family members about what time you are blocking out for your business activity. As long as you communicate well, you should be able to spend anxiety-free time on your business.
With some good planning, you can be successful in being good to your family and your home based business.