So you’ve decided to become an entrepreneur.
Good for you!
But is it really possible to grow a successful business from home when you’re still working that time sucking 9-5 (or 6 or 7) job?
The short answer is YES. But it takes commitment, planning, and a willingness to postpone immediate pleasures for the ultimate long-term benefits of owning a business.
And sometimes it feels like an all out Tug-of-War!
Rosemary and I have been building our home-based business for over a year now. While we’ve seen much success (especially lately), there were many bumps along the way.
Below I have shared with you some things you MUST do if you want your home based business to thrive….
1. Develop a dedicated workspace for your business.
If you are going to work at home, even part-time, you will need to have a dedicated area for your business. Make rules regarding privacy of this space, and stick to them. After all, this is the place where you are working on your family’s fortune. It is a sacred space.
2. Block out specific times during the week to work on your business.
For the part time home business owner, specifically those with family obligations, this can be the largest obstacle to success. The key to overcoming this obstacle is planning and cooperation. You need to block out those times during the week when you will NOT be interrupted (except in emergencies).
3. Make every minute count.
When you are working part-time on your business, it’s important to make proper use of your time. If you have only 2-3 hours to work on your business a couple of nights a week, you had better make that time count. This means giving preference to income producing activities, those that directly produce income for your business.
4. Outsource whenever possible.
If you have limited time to spend on your business, you will need to pick and choose the skills you will want to acquire or develop and identify those skills that are not worth your time or would take too much time to learn. With the latter, it is best to outsource them whenever possible. It is essential for part time business builders to understand that they cannot do it all, and develop an outsourcing strategy early on in the process.
5. Find an accountability partner.
An accountability partner is someone who will keep you accountable for your time. I have used an accountability partner for years and have found it to be one of the most important strategies for keeping the growth of my home business on course. This person does not need to be in the same geographic location; in fact, my accountability partner is on the opposite coast to myself. We use Google Documents to share our accomplishments and our distractions, our successes and our failures. And we never hesitate to give each other a good swift kick should we fail to dedicate sufficient time to our business.
While using these 5 strategies will not guarantee the success of your home-based business, failure to employ these or similar strategies will almost certainly result in the demise of your business venture.
Part-time business owners face unique challenges that require planning, resolve, and an unflinching determination to succeed.
What strategies do YOU use to juggle your business and your life? Leave a Comment.
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