Monday, December 29, 2008

Mastering Sales Psychology

To be a successful entrepreneur, it is imperative that you understand and use sales psychology. Internet Marketing gurus have this ability honed to an art form. Sales psychology is an advantage whether you are in a conventional brick and mortar business or an online one. The great thing is that sales psychology is not difficult to learn. Essentially all you need to do is put yourself in the place of the prospective buyer.

One aspect of sales psychology is that people respond to specifics more than generalities. If you sell photocopy machines, saying a particular unit is a high-speed duplicating machine is not impactful. But if you say that your machine produces 10 sheets of A4-sized copies in 12 seconds with the ability to automatically collate documents into correct order, then it seems more impressive. In sales, rounding off figures dilutes its impact so state numbers without rounding off. Of course, the facts and figures must be believable.

This aspect of stating things in specific terms also applies to targeting your prospects. People must know whether your product or service is for them or not. Hence, the term 'Home Owners' is not as good as 'Gardening Enthusiasts'. And 'Gardening Enthusiasts' is not as specific as 'Tropical Plant Lovers'.

Another aspect of sales psychology is that people are interested in how they can benefit from your product or service more than what the product can do. In other words, benefits always win over features. For example, if you sell pianos, tell the prospect that giving his child a piano today will enable the child to have a career in music in future. This is far better than to use the old cliche, 'Give your child the gift of music' or to stress the features of the piano. It is important to mention features because people must know what they are buying but the trigger that makes them buy is always the benefit not the feature.

Sales psychology also takes advantage of human individuality. Everyone likes to feel special. So the smart entrepreneur would make his prospect feel exclusive. That is why Internet Marketers present a product in 'beta' version that is in pre-launch and tell their prospects they are the exclusive few who get to purchase it. But after sales for the beta version is successful, the product will be released to the general public, often at a higher price. So three elements, the timing (it is pre-launch), the version (beta) and the price (cheaper) combine powerfully to create the sense of exclusiveness.

In an increasingly competitive business environment, smart entrepreneurs utilize sales psychology triggers to get their prospects to buy from them. Therefore in whatever you sell, always use as many of these elements of sales psychology as possible.

Monday, December 22, 2008

How To Set Up Your Own Office Anywhere

Modern technology makes it simple to set up an office almost anywhere. Cell phones, email, laptops and updated office situations offer unlimited opportunities to start your own business. Whether you want a full-time enterprise or a part-time income, you need the right setup to be successful. Take advantage of advanced technology to have a convenient, functional office on your own terms.

Home Offices

Renovate your garage, family room or even a large closet into your own office space. Create a corner in the house just for your work. Have a designated area for files, your computer and other business essentials. Stay organized so you know where everything is and don't have to waste time looking for it. Scattering your work around the house makes it difficult to run a successful enterprise no matter how large or small.

Go Mobile

Sometimes occurrences at home make it impossible to focus on the business at hand. Have a laptop and cell phone ready so you can work at your favorite park, coffee shop or library. If peace and quiet are impossible to attain in one spot, take your work elsewhere for awhile. Often the change of scenery helps you regain focus so you can get back to business more effectively.

Virtual Offices

Virtual offices provide a designated business address, telephone number and fax number along with an answering service and receptionist. For a monthly fee, you can set up a virtual office in almost any major city in the world. Virtual offices also create a presence in a metropolitan area and give your business image a boost. If you need a professional space to meet with clients, most virtual offices have conference rooms available on short notice. Having a virtual office also makes it easier to work at home. You have someone else receiving packages, telephone calls, faxes and mail so you can work without interruption. A virtual office also maintains the privacy of your home address and phone number.

Managed Offices

Managed offices are run by a management company that rents out rooms and suites to various businesses. Everyone has a shared receptionist, answering service, security and common areas such as lobbies, restrooms and conference rooms. You can rent an impressive single office or suite in a local business area without a long term lease or buying office space. This gives businesses more freedom to expand, downsize and relocate.

Outsourcing

As businesses expand, they often seek virtual offices and managed offices for the access to receptionists and clerical staff. Another option for small enterprises is outsourcing. Use a freelancer to handle writing, research and public relations as you work on other aspects of your business. Hire a virtual assistant to manage appointments, telephone calls and client data. Get help to make your business more profitable and productive.

Start your own business, gain credibility and build profits by customizing your offices to suit your unique needs. Whether you want to quit your day job or supplement your current income, you can create your own perfect office anywhere and anytime.

Monday, December 15, 2008

Decision-Making for Good Leadership

Decision-Making is of prime importance for good leadership. Generally it is thought that a good leader makes all the decisions and they have to be the best.

In this modern age, it is impossible for one person to make all the decisions and for all the decisions to be the best. There are too many unseen variables and too many people involved in implementation for a leader to make all the decisions and for them to be the best ones.

However, understanding the types of decisions and the people involved in making them can help the leader to manage the complexity of decision making. The factor that makes decision-making easier and the types of decisions are given below.

Decisions are Data-Based

A good leader makes decisions based on data, which is analyzed for patterns of information. The information is then used to make decisions that are well thought out.

While it is true that you cannot know everything, doing an analysis of available data about a predicament will, nevertheless, lessen the risk of failure.

While all decisions need to be data-based, there are at least four different types of decisions:

1. Paradigm Decisions

Paradigm decisions are those which provide guidelines for decision-making for all people in an organization or team. Decisions such as: Having a smoke-free organization, having a non-discrimination policy, etc. are paradigm decisions. They help team members and leaders to make the right decisions when they are faced with a dilemma.

Such decisions need to be made with the involvement of everyone affected. The consensus process is a very useful methodology to make such decisions.

2. Policy Decisions

Policy decisions are necessary to provide resources and official permission for the operations of an organization.

For instance, if the Performance Appraisal Process needs to be reviewed, then a couple of policy decisions need to be made. A decision needs to be made to set-up a committee which will analyze the existing process. The different teams in an organization need to volunteer a representative to become members of the committee.

The management team needs to allocate money and time for this team to function and come up with an insightful report.

All decisions that are made to ease the functioning of the teams are policy decisions.

Policy decisions are made in a participatory mode with the involvement of everybody who will be involved in the execution of the task.

3. Procedural or Functional Decisions

Procedural decisions are made by a few people who will be carrying out the plans/policies/goals of the organization or who will be impacted by the decision. These are decisions that will help implement a process.

For instance, outlining the procedure of recruitment and selection in an organization is a process of detailing the actions that a team will take when they follow this procedure. It will also detail the actions to be taken if there are exceptions.

4. Structured Decisions

Structured decisions are made by individuals who are directly executing the plans of the organization. These decisions are informed by the data available to the employee, the procedures/structures that have already been put in place, and the knowledge of the policies and paradigms of the organization. The decision-maker could be the CEO or the security guard at the gate.

Understanding the kinds of decisions – and the people who need to be involved in making them – provides the leader with the confidence to make decisions; sometimes alone and sometimes with others.

This will also give the leader confidence in the decisions of his team members, as they are made with an understanding of the values and procedures of the organization.

Monday, December 8, 2008

Know Your Audience Before You Speak

You can make a significant impact in public speaking if you put in a little effort to know your audience before making the speech. This does not have to be a mammoth task if you know the kind of questions to which you need to get answers.

1. What Are The Needs And Wants Of The Audience?

The topic of your speech is about what the audience needs to know. However, not everyone is excited about hearing what they need to know. It helps if you can figure out what they want to know.

To know your audience will require you to know how they perceive that the need will be of value to them. Just giving them the content will not be sufficient. It is important that you are able to show them what is in it for them to make an impact.

Just providing them the knowledge or content is only the first part but igniting enthusiasm about what you are talking about will be what will make the difference.

2. What Does The Audience Already Know?

It is so easy to bore your audience if you tell them what they already know.

Taking a little effort in finding out as much as you can about the audience you will address is actually your first step to helping succeed in making your speech. If they are new to this topic, then you will need to cover the basics. If not, then you may want to summarize the basics, before you continue with the rest.

It is also a good idea to inform the audience of the level of prerequisite knowledge required on the subject matter. There have been speakers who have been known to do a preparatory session for people who are new to the subject before actually doing the presentation proper. People, who already know basic content, are appreciative of this as they do not have to sit through information that they already know.

The intent of knowing your audiences' knowledge level is not about impressing people with how much more you know than your audience. Rather, it is about imparting information and knowledge in such a way that will trigger something in the audience for them to make a decision and/or to take action.

3. What Does The Audience Understand?

Knowing a subject and understanding it are two completely different things. This whole idea of knowing but not understanding enough to get value out of what you hear is costing lots of people time and money.

People attend seminars and quite often they tell themselves that this is stuff that they know. Question is do they understand it sufficiently to take action. Even if they decide to take the first action, do they understand the underlying impact of how much work and actions are actually needed to complete what they are starting.

Again, the level of knowledge of the audience will have an impact on how detailed you may need to go to ensure that you can bring them to a level of understanding. Or, at least to inform the audience of the level of details that is covered in the session.

4. What Does The Audience Fear?

When you know your audience enough to know about what they fear, you can be in a very effective position.

Fear can be of two kinds. One is when the person fears something and the other is when the person does not fear.

Lots of people know and understand things but are afraid to take action. For these people, if what you say and how you say helps them to overcome their fear and give them confidence, then you know that you have done a good job. The audience will go away feeling good as they are in a much better position to take action.

This might be the case with people who want to start on internet marketing but are afraid to take the initial steps only because they have never done it before. Instead of just rushing over it, breaking it down in simple steps might make it simple enough for people to overcome their initial fears.

How about the audience that does not fear? In this case, there may be a need to share areas and extent of risk.

A good example of this would be anti-virus protection on personal computers not only for office but also at home. Speaking of the details of what is anti-virus protection and how it can be prevented is definitely good knowledge. Additionally, getting the audience emotionally involved in the kind of risk and loss that they will get into, will improve the extent of involvement in listening to you.

To know your audience does take a little bit of effort, but this is well worth it as you will have a much better impact and audience response. The next time you have a speech to make, get to know your audience and find out for yourself the difference that you can make both to your audience as well as for yourself.

Monday, December 1, 2008

Business Undercover: Finding the Holes in Your Business

OK, so you have been working your business for a while but yet you seem to continue having issues with your business planning. Have you considered that you might have holes in your business plan?

What are holes? Glad you asked. Holes are those things that may cause you to lose money unaware or along potential business clients to slip through your fingers.

Some examples of holes are as follows:

Income funnel not present: an income funnel allows you to build your mailing list while also allowing you to upsell your products to your mailing list.

Missing outsourcing opportunities: outsourcing opportunities allow you to hire others to handle tasks that would be more financially reasonable for someone else to complete.

Not holding teleseminars: when you hold a teleseminar, you can also record it so that you can sell the audio or transcript as a product via your website.

No financial plan: in order to understand where you business is going financially; a plan must be in place. The plan will help you by showing when you should make changes in your business too reflect growth.

Lack of a crisis management plan: having a crisis management plan in place will help you be ready to handle tragedy when it happens. Examples of tragedies are computer failure, fire destroying office equipment, or flood damage to office.

The above list is just a short list of holes that you might find in your business. Regardless of what type of holes that you find in your business, you need to take action to fix them.

One final area that would be considered a hole is not have a business mentor. A business mentor is some who provides sound advice and direction to you as you manage your business. Some of the characteristics of a good business mentor are:

~ Ability to give you constructive feedback

~ Successful in own business

~ Experienced at mentoring business owners

~ Able to be real and truthful to you

~ You are open to receiving their feedback

~ You respect their opinion

These are just a few of things that you should consider when looking for a business mentor. Just keep in mind that a good business mentor will fit well into your business plan. If the mentor does not fit, you need to give more thought to whether you want to keep them or get a new one.

So be an undercover agent and work to find the holes that may be holding back your business.

Monday, November 24, 2008

Top 5 Work at Home Mistakes

Before you even begin to start working from home there are a number of important matters that you must consider first. This article outlines the the top 5 mistakes that you can make when working at home. Pay careful attention to these as they might make a huge difference as to whether you are successful or not.

Mistake 1. Scams.

If you want to make sure you don't fall for a scam do your research. There are a number of good places to do this research online. Just Google 'how to spot scams online' or some similar term.

You have to become educated on this topic because if you fall into a scam then you are likely to be targeted again. Yep, there is a scammers network out there. Take your time and learn all you can.

Could you miss out on a good, legitimate offer? Yes, but it is far better to err on the side of caution.

Mistake 2. Analysis paralysis.

Having been cautioned on looking out for scams, don't suffer from inertia. At some stage you just have to dive right in and do it. Try to find something that you feel really comfortable doing and then... Just Do It!

If you over analyze everything you could end up with analysis paralysis. If you find yourself stacking up more than a handful of likely offers you might be in danger of becoming so overwhelmed that you don't take action on anything. Part of your education is to try something and find that it wasn't what you thought it would be. This way you will be educating yourself.

Mistake 3. Not Getting Educated.

While we are on the subject of education let's be blunt. Not getting educated is a big mistake. It will severely restrict your prospects of being successful. You could fall for a scam. You could lose a lot of money.

However, let me repeat. Part of your education is jumping in and getting your feet wet. As you become more experienced online you will notice that all of the honest 'gurus' have gone through this process to some extent.

Mistake 4. Not Networking.

This simply means that you join other like minded people and share your experiences. One of the best ways of doing this is to join one of the many forums online. If the scheme you are contemplating has a forum then dive right in and sign up. This is also another way of getting your education.

If your scheme or project has a forum that is a good indicator that it is legitimate.

Networking is an important part of the process. Trying to do it on your own rarely works out in your favor.

Mistake 5. Not being professional.

This is a biggie. So many people seem to think that because they are working from home they don't need to be professional in their efforts. Wrong.

Often, if you have a day job, the presumption is that you intend to quit it at some stage. Even if that is not your intention you still need to be professional. If you only want to supplement your income you must treat your online efforts seriously. If you do this and work diligently, sooner or later you will have to quit your job to keep up with your online efforts.

These are a few important things for you to consider when contemplating working from home online. Get these right and you are well on your way to success.

Monday, November 17, 2008

Positive Thinking Your Way To Success?

You've heard it said before, "Think Positive, and You Will Succeed!" Is it really that simple? Well, there is a little more to it than that, but Positive Thinking is certainly a great starting point.
Whether you realize it or not, your thoughts have a big impact on your life and especially your business. Learning to monitor and change your thoughts is a big task, but it is essential to making your dreams a reality. The way your mind works has a direct effect on the way your business and life develop.

How exactly does your thinking affect your life? Scientists are just beginning to figure out the intricate relationship between your mind and the results you get. There is a lot of evidence that proves that your results are directly determined by your thinking.

But monitoring your thoughts day in and day out can get overwhelming. It does not come naturally to people to censor their thoughts. If you have ever tried to do this, you know how difficult it can be to go through your day and evaluate what you are thinking about every moment.

Fortunately, there is a short cut to monitoring your thoughts. Your positive thoughts create positive results, but there's a step between your thoughts and your results. That step is your feelings. Your thoughts create feelings, and your feelings create the actions that you take. Ultimately, your actions determine your results.

You can instantly know what your thoughts are by monitoring your feelings. The way you feel is related to what you are thinking about. If you are feeling bad, you are thinking of things that are taking you away from your main purpose. If you are feeling good, you are thinking things that are fostering your purpose.

Once you decide your purpose or your goal, your thoughts will either move you closer to your goal or away from it. You can tell what you are thinking, based on how you feel. If you feel discouraged, depressed or otherwise down, you know that your thoughts are not aligned with, or supporting your goals.

The easiest way to make sure you are thinking positively is to monitor your feelings. If you feel bad, steer your thoughts into a positive direction. Sometimes this is easier said than done. In times like that, read something uplifting -- a success story or some motivational quotes -- to help you turn your thoughts positive.

There may be some effort required to keep you on track. Remember, every time you overcome a negative experience, your confidence grows, and you will feel better. The better you feel, the more supportive your thoughts are and the closer you are to making your dreams a reality.

Monday, November 10, 2008

How to Organize Your Home Business Routine

Having a home business is a tremendous accomplishment and will provide you with income as well as pride in yourself. Being able to stay at home and to forgo the daily commute to an office through congested traffic, is worth a lot in terms of stress relief.

Once you have settled into a niche that makes money online, there are many ways that a person can make their environment a little more efficient and more productive.

One such method is to take a look at where and how you work. Does your office produce a real working environment and a goal oriented space? That means, you should keep a desk that has the necessary papers and tools available within easy reach so that you do not have to waste time looking for things. Recommendations are: a blotter with dates, a stapler, a filing system with trays or with folders, pens, CD discs, a phone, a scanner and printer. You can have a mailing station set up on another table if you do a lot of mailing packages, tapes, or cds. Have all the accessories you need such as mailing envelopes, tape, address labels, zip code directory, etc. available and within easy reach.

Keep your main desk clean and use space so that there is a feeling of "productivity" when you sit at your computer. Do not have schedules of the kids and other things in your life imposing on your work environment. When you are at your desk, spend the time contemplating your work and what you want to accomplish for that time because it is so very easy to wake up and find you have spent two hours reading email and checking out links.

Making a check list the night before to keep on track of your next day's activities, is a very good method to accomplishing more than you think possible. Crossing items off your list makes you feel like you have worked hard and gives you a good sense of pride. This helps propel you into your next activity and refresh you for the coming situations. Keeping the list in priority status also keeps you on track and gets the most accomplished for the day.

Having some diversions like soft music is also a good relief for the mind. Creating a background that keeps you in a good frame of mind makes for more productive work as well.

It is also a good idea to get up and stretch once in a while.
Go to the refrigerator for a water or get an apple to eat while you contemplate the computer screen and your work. Remember, you are your own boss, so there is no one to tell you that you cannot eat at your desk! However, there is also no one to tell you that you should not spend working time playing games online, either, so you have to make yourself do what is on your schedule and your priority list to grow your business. It is just a matter of learning the appropriate methods to enable you to work in the manner that seems best and most efficient for you.

Once you are serious about your work and your workday, you will find a tremendous sense of confidence and pride and will know that your abilities are more than enough to fulfill your life's dream and ambition.

Monday, November 3, 2008

Don't Let Anyone Steal Your Dream!

Do you have any dream killers in your life? Dream killers are those people who discourage you when you are trying to change your life. It's amazing how many people tell their friends and family that they cannot succeed. This is especially true when you are trying to do something "outside of the box" like making money online or starting your own business.

The main argument these dream killers have is that your goals are unrealistic. They will advise you to be more "practical", and pretend they are offering you sound advice.

Many of them believe they are doing a favor by discouraging you. They think they are helping you live a life in "your best interest". But really, they are encouraging you to a live a life without vision.

If you are really motivated toward success, doing anything less than your ambitious goals will be unfulfilling for you. You end up wondering what could have been. You continue to live your life for other people, instead of yourself.

Your friends and family who discourage you from trying something new are only giving you insight into what they would do in your position. They do not have the vision and the drive that you do. They are only reacting out of their own fear.

Other people take the path of least resistance, but that does not mean that you have to. Your goals are important to you for a reason. You will only be happy when you achieve them. Giving up on your goals because other people think they are unrealistic is no way to live your life.

How do you overcome the dream killers in your life?

You may want to start with choosing who you spend your time with. If you want to be self-motivated, you've got to spend time with other people who are self-motivated. The same goes for the other aspects of success.

If the dream killers in your life are close relatives, and long time friends, try keeping your business goals to yourself for a while until you get going. By the time you've had a little success, they will probably be a lot more supportive.

Finally, the best way to overcome the dream killers in your life is to be confident in yourself and your goals. If you are truly confident in yourself and your ideas, then no one can stop you.

Keep your goals and dreams in front of you all the time. They will be your motivation, when some of your "well-meaning friend" try to discourage you.

Don't let anyone steal YOUR DREAM!

Monday, October 27, 2008

The Art of the Human Phone Conversation

It's missing in a variety of situations these days, from having friends, to meeting singles, to these so called quick businesses that you can run without even having a brain. You've seen them, so "turn-key" that you could literally purchase one for your pet monkey. Today, advanced technology has saved literally millions of "man hours," and dollars by using automated phone systems. Gone are the days of Lily Tomlin and "one ringy dingy." We can do everything from pay our bills to refill prescriptions, without even a human transaction. Of course some people prefer it that way, especially when they are giving out financial information. But is automation really better than a human?

Today the online community is global. You can run a business without leaving your home, and do most of what you need with a computer. Email, which just a few short years ago, seemed like a futuristic way to communicate "in the moment," has now been upgraded with "instant messaging." Literally having a real- time conversation with someone without ever speaking a word.

As far as normal business operation is concerned, this type of communication is fine. Just as communicating with your family and friends this way is fine too. However, people are taking this modern technological marvel and using it in other ways.

There are the people who are trying to meet other people. So they build these online "profiles" to describe themselves and to network in communities where there are others like themselves. This can be so extremely deceptive, as we know from the countless news stories of predators waiting to attack unknowing children.

How about in business. Maybe you are trying to start your own home or online business. You do tons of research amidst the ocean of endless possibilities being offered. You go to what looks like a beautifully designed professional website. It seems to have all of the things you're looking for. Will you plunk down a chunk of change on what seems to be that golden opportunity? It looks great, right? whether it's an Ebay business, or Ebooks, or affiliating products, such as health supplements, the promises are out there. The testimonials are there too. It must be the thing!

But alas, as experience would show, it seldom works out that way. There may be different reasons for failure, and these reasons may be as unique as the individual. Or it may be as simple as not taking the time to make phone contact.

The art of the human phone conversation is not difficult, nor does it require a certain etiquette. It's as simple as making contact, asking a few questions, and then observing both your gut feeling and your hind site. It is the best way to find out what you are getting yourself into. With time and practice it WILL show you the difference between a scam, and a real company trying help you, the customer, and make a living too. Anybody can get a website. They can be deceptive and misleading. If they don't offer a contact phone number, that should be a red flag right away. If you email some companies you can generally get an idea of how their customer service works (or doesn't) but when you are about to make a substantial investment, you really want to check further.

It's not always so much what you ask, as it is just asking anything. When the phone rings, does anybody answer? Do they have a voice mail, that is on all the time. This might not be your best opportunity. Especially if part of your business is to refer other people.

Remember Columbo? The TV detective in the 1970's with the trench coat, who, just before leaving an investigation would always say "just one more thing..." That always seemed to be the question that helped him figure out the case. Sometimes the question is irrelevant, you may just be looking for the reaction or response. That's the key. The response.

When you call, are they pleasant? Are they knowledgeable? Do they seem to enjoy where they are? Remember you are both professionals communicating in business. You have a right to make the call and inquire. If the business is a nutritional affiliate, you might ask about side effects, or dosages or even shelf life. No question is a stupid question. If this is a legitimate business they will welcome any question you have.

Another wonderful thing about the human phone conversation is, you can find some wonderful human to human connection. If you work at home, it can sometimes get lonely. An upbeat conversation can really make your day. You got to experience the life of a fellow human being. It's an opportunity to say something nice and even make their day. Communication is how things get done, period. It is always a step toward your goal.

It can get even better. If you are in any type of wholesaling or dropshipping business, and you do everything in automated fashion, you may be missing out on some bargains or discounts. Sometimes all it takes is some pleasant communication and you'll find someone who will go out of their way for you. You will build relationships and limitless possibilities. You will feel proud, accomplished and like a real business owner. As opposed to the guy or girl in "their underwear" and "isolation" at the kitchen table. Do you want to be in your underwear all day long with no one but yourself to talk to? A great phone conversation is a mood elevator and a catalyst to a chain reaction you may not even see for days or weeks, or even months. None of those possibilities apply if you try to do things the automated "turn-key" way.

You can start out by making calls to anyone. Call local businesses and ask about things in their store or business. Find a name of a business that might be confusing, and just call and ask what they do. Not everyone will be nice, but it's all experience, and they don't know you anyway! Some will be quick and others will take the time with you, even helping with something other than what they do.

So as you can see, with just practice, you can develop the art of the human phone conversation. The questions are all your own, and the answers will enlighten your way. You may find bargains, you may find wonderful words of encouragement, you may find new relationships. You may find that you can be of some help to someone else too. And isn't that always a great feeling? What you definitely will find is gains in valuable knowledge and experience, that you can teach others or even keep to yourself!

So go work on your art to the human phone conversation, you still have some anonymity, so you don't have to be embarrassed, just go, and keep going. You will develop a business (and personal) tool that will be invaluable.

Monday, October 20, 2008

A Home Business Requires Discipline

Choosing to have a home business is a great step towards achieving self-reliance and financial independence. But often times when people start working from home their level of productivity drops. Why is this and what can be done to change it?

Most people's productivity at work is a direct reflection of their pier group there. At work you had many people on which to compare your level of productivity against. Now that you are working from your house you often have no measure of how productive you are, so most people's activity levels drop.

Also, while at home there are many distractions during the day, which can lead you astray. Television, newspapers, internet, phone calls, and laundry all lead you astray from your good intentions to get work done.

On key thing you can do to increase your productivity is to plan your day out, and write what you want to achieve for that day and stick to your plan. Some activities require a certain amount of time to be put into it, while for other activities you need to achieve a specific outcome. Often times it is better to set daily goals as specific outcomes, otherwise if you just set time limits, the level of importance for that activity swells to fit the time you gave it when instead you might have been finished earlier with better results if you had focused on the outcome rather than the time put in.

Another tip to feel more productive at home is to dress like you are going to the office. Every morning, get up, shower, and put on office clothes. Wearing your work clothes will put you into a different state of mind and will make you more productive. This will be a clue to your mind that now it is time to work.

Having a designated office area is another important thing. If you can have a room that doesn't have a bed in it that would be great. Also, make sure your office is clean neat and try to work with the door closed.

Also, many people who work from home feel shut in. It is important to get out of the house a couple of times during the day and go for a walk or drive. Going to the mall is great for a quick walk and seeing people.

If you decide you really can't work from home; look into renting cheap office space somewhere. In many office buildings you can find a room to rent somewhere, which is much cheaper than renting a whole office.

Working from home is great if you have the discipline to keep at it. It takes consistency and drive just like any other job, but it can be a great experience. Start by making your to do list for tomorrow, today.

Wednesday, October 15, 2008

Reaching the Top, One Step at a Time!

What do your dreams and goals look like?

Are they so immense that they make your stomach hurt a little? Or are they small, reachable goals that bore you when you think of them?

Dreams and goals can run the gamut from being larger than life to small and humble. Which type of goal is better? There are actually good reasons to have both types of goals.

Having huge goals that "scare" you a little is important. Goals and dreams are supposed to stretch your imagination, your abilities and your character to transform you into someone new. Your goals should help you live the ideal life that you want to live, no matter how far away the goal may seem.

History tells us about individuals who dreamed big, despite people around them who told them to get their head out of the clouds. In fact, most successful people, whether they are politicians, business people, authors, athletes or humanitarians, have been told at some time throughout life that they were dreaming too big.

Don't be afraid to have big dreams and goals. Set your sights on something that at the present time seems so far out of your reach, that you know you were absolutely successful when you achieved that goal. Thinking of your big goal should make you nervous and excited at the same time.

On the other hand, it is also important to set small reachable goals for yourself. Your success depends heavily on your belief in yourself. If your big goal seems too out of reach, start setting smaller goals. By reaching those smaller goals you prove to yourself that you can achieve more.

Small reachable goals can be something as simple as working out a certain number of times per week, or reading a certain list of books. When you reach any type of goal, it feels good and gives you a boost in your self-esteem. If you start with small goals like these, while keeping your eye on the big goal in the future, you will build the confidence that you need to achieve that big goal.

As you achieve the small goals and check them off your list, your confidence and the belief in yourself will grow to the point where you look at the small goals as stepping stones, that will take you to the top.

Success comes from setting goals of both types. You need the big goals to motivate you toward success, and you need the little goals to help you gain confidence and discipline along the way.

Monday, October 13, 2008

Try Outsourcing

For many people, working from home in an online "virtual office" can be a tedious chore with many jobs being very technically challenging.

If some jobs are out of your comfort zone why struggle trying to accomplish them when you can outsource the work and better spend your time working on the things which you are most competent at doing. You will also enjoy your work much more.

If your talent is for writing but building websites is an utter mystery find someone to build the sites and you can supply them with the content for the sites or at least source and rewrite plr articles to make them your own. Similarly you can find people to promote and market your web site and probably far more effectively than you ever could yourself.

Cost can be off putting but then how many hours can you waste trying and often failing to get your site up and running correctly. Especially when you want all the extras like videos and pop ups and all the rest. Probably your time is much better spent on producing good quality content and ideas.

The cost does not have to be great though. An advert in your local paper will very likely uncover a teenage genius who is a whiz on computers. They will probably be happy to jump at the chance to earn more than they earn working at the local fast food store. The advantage of using somebody local is that you have easy access to them and the chance of good face to face communication.

There are of course all the online resources with contractors from all over the world looking for work in every aspect of online business. The prices can vary hugely and English may not be their first language but you can generally question their competence and ability to understand English well enough for you to communicate with them. Try to get some testimonials from previous employers and if you do employ them be sure to watch the progress of your project to see that your instructions are adhered to.

A quick Google search should uncover a number of outsourcing companies with very reasonable rates.

Well if nothing else it is an idea worth exploring because so many people get bogged down in all the technology that they do not achieve anything. This is just part of getting yourself organized. Being organized is essential for getting action.

Monday, October 6, 2008

Blogging: Some Thoughts for the Beginner

The derivation of the word blog comes from web logging, as it used to be known. It has changed a lot in its development and now blogging is a front line tool in the Internet promotion tool box. It is now used to promote products and services and presents another platform to to communicate with the visitor and develop a lasting relationship with them.

Having created the the business blog you can then monetize it as well as personalize it to your own requirements. Once created, you can make money out of the blog by syndicating it through RSS to your business website. If you have decided that you will set up a blog for business, below are a few tips on how to make it one of the more interesting and popular blogs.

1 - Your audience.

You are writing your blog post for your audience to read, so don't forget that what you write is of interest to them. They have searched for through a keyword, or keyword phrase, and arrived at your blog. So, make sure they are happy with what they find and even interested enough to look a little further into your blog, and maybe visit your website.

2 - Words fail - see sketch.

A large block of text can become very boring when reading, especially online. A picture or graphic or two placed within the text breaks up the strict framework of the post and keeps the reader interested through to the end. It is especially true if the picture is relevant to the subject of the post.

3 - The content needs to be relevant.

The posts made to your business blog need to be relevant to the subject of the blog. In other words the blog is set up around your niche market and with keywords and keyword phrases that are relevant to the subject. The intent is to draw traffic to your blog based on those keywords and keyword phrases. The business blog needs to create a special relationship with its visitors with the aim to sell products or services. If you consistently write good quality posts to your blog the visitor will return for more of the "good stuff," and will eventually trust that you know what you are talking about and buy one of your recommended products or services.

4 - Keep things simple.

The art of good communication is to keep things simple. Keep away from the technical jargon unless absolutely necessary and try to keep the sentences short and to the point.

5 - Make it interactive.

Audio and video are very good interactive methods, but all blogs come with a "comments" facility for each post made. Make sure that this feature is not turned off, and all comments must be approved before publishing them.

Before starting out with your blog you will need to do some pre-planning as to how you will personalize and monetize the blog, as well as how often you will post to it. An important fact to resolve is where will the content for each post come from. A good business blog needs a steady stream of interesting and relevant content in order to become a profitable venture - how will you complete this task? Remember that no plan is a plan to failure.

Monday, September 29, 2008

The Top Five Reasons Why Many Home-Based Businesses Fail

Everyday there are thousands of people looking to start a home-based business. In addition, there are hundreds more who start a work at home business and then fail miserably. Why? It is because they fail to see that the business opportunity was not viable and junk to begin with! Can this trap be avoided? Yes, if people learn to target the gems and reject the scams. Let's discover the top five reasons why many home-based businesses will never work.

Problem #1: Most new opportunities are totally unproven. The fact is many of the opportunities are too new! The market for the products and services is not well-established yet. Usually, the only people who get rich with these opportunities are wealthy Fortune 500 companies that have tons of money to spend anyway. Opportunities that are too new are too risky! It is important to let others who can afford it pave the way.

Problem #2: Most of the money-making methods are the same old boring plans and programs. Many opportunities claim to be new and innovative, but really are not. Some look new, but in reality are only a facade! With a little research, you will see that there is nothing "new" at all about them. What is important is to get involved in an opportunity that is new, different and better than others, is rock solid, and is part of an explosive combination of the three hottest emerging multi-billion dollar trends.

Problem #3: Many home-based business opportunities only make the promoters rich. Average people who are involved in these plans almost never make any money. Only those considered the "heavy hitters" make the real money; they are the ones who have all the connections.

Problem #4: Many of the hottest and exciting money making opportunities are immoral and illegal. This is something that has to be avoided at all costs! Never, ever, get involved with any opportunity that looks and sounds good, but due diligence shows to violate ethics and laws. Who wants to go to jail? Always ask what is the product or service behind the opportunity, where is the market for this product or service that is supposed to take the world by storm, and would it be possible to make lots of money without all the hype and buzz?

Problem #5: Many opportunities are not long lasting. In other words, they are here today and gone tomorrow! They are pure hype with no type of firm foundation behind them; there is no "real" product or service. When all the hype runs out, the market is gone for good! Never become involved in a home-based business opportunity based on pure hype.

So, there you have it: the top five reasons why some home-based businesses will fail. Carefully look for potential problems with any business opportunity; avoid them, and you will be well on your way in finding a true legitimate business right from the start!

Monday, September 22, 2008

Get All Your Home Business Tax Deductions

In any small/home business you definitely have more tax advantages than if you were simply an "independent contractor" or "sole proprietor" claiming the income on your personal 1040 tax return. The tax advantages become substantial when you consider how you can improve the profitability of your home business by filing a separate Schedule C for your business income and declaring all of the deductions you are entitled to.

You may be missing some very important deductions. You must itemize your deductions for your home business operation on a separate schedule just as you would for your personal deductions. Knowing which deductions you are entitled to can save your home business hundreds of dollars a year.

Here is some background information on how your income tax amount is arrived at by the IRS.

The U.S. taxation code states that almost all income is subject to federal income tax. The way that you, as the owner of your home business, arrive at the final amount of income tax is as follows:

Gross Income - (All Expenses + Miscellaneous Deductions + Depreciation on Assets) = Taxable Income

Taxable Income x (Your Tax Rate) = Income tax for the fiscal year

Here is a quick definition of the terms in the above taxation equation:

Gross Income: The total of all income for the year after the cost of inventory has been accounted for.

Expenses: All costs of doing business during the fiscal tax year. Examples include payroll, materials, supplies, interest on business loans, etc. To find out if an expense qualifies as a legitimate business expense, consult your accountant or the IRS.

Depreciation: This is a way of spreading out the deductibility of an asset over a period of more than one year. This is done for assets like real estate, equipment and other assets with a long economic life. This method of taxation write-off has certain advantages. Be sure to talk to your accountant regarding proper depreciation rules. The IRS has different depreciation schedules for different business property. These rules are subject to change by Congress and the IRS.

Miscellaneous Deductions: This is an often misunderstood and overlooked way to save a lot of money on taxes. Remember that these types of expenses must be totaled up and declared on a separate schedule of your income tax forms. Always track your expenses and be sure to save at least one copy of every deduction. You will be asked for proof of every transaction that is declared as a deduction if you are audited by the IRS!

Here is a list of some of the most common business related expenses you can deduct from your income taxes:

  1. Airfare
  2. Auto Expenses
  3. Books and Magazines
  4. Educational Expenses
  5. Home Office Space* + a portion of Utilities, Telephone, and Maintenance Costs
  6. Office Furniture
  7. Cleaning Expenses
  8. Meals with Business Clients
  9. Laundry Expenses (when traveling)
  10. Advertising
  11. Bank Fees and Interest
  12. Licenses and Regulatory Fees

* If you own your home you must use the IRS depreciation rules to determine this deduction. If you rent, you may also deduct a portion of your rent.

Check IRS Publication 535 or contact me to schedule a consultation to find out if you can deduct any or all of the above.

As you can see, there are many deductions that are allowable for your home business. The best way to get more information on tax deductions and related information on income taxes is to go online to http://www.irs.gov. There you will find a helpful search engine containing thousands of government publications that you can research and print out if you need to.

Now you have a good idea of the deductions you are entitled to take. So do your research, keep track of your expenses and take all of the deductions you can for maximum profit every year.

Monday, September 8, 2008

5 Tips to Staying Focused when Starting Your Home-Based Business

Have you decided to start a home-based business? You may be juggling a full time job, a part time job and family life. You know that there are many things you need to do in order to successfully start your business and work from home. How are you going to fit your business project into your daily commitments? It's easy to become overwhelmed and lose focus. Losing focus will cause you to take no action. Action is essential to moving on from where you are now, to where you want to be.

Here are 5 tips to stay focused on starting your home based business:

1. Chunk down

If you have a large task to tackle, it is always easier when you break it down into smaller components. You'll find it easier to focus because you won't feel as overwhelmed. For example, "Register a business name" can be broken down into: "Think of five business name ideas," "Find out how to register business name," "Get registration form" and so on.

2. Keep a "to do" list

Once you've broken down major tasks into smaller ones, make and keep a "to do" list. Always keep a notepad and pen with you so that you can jot down any new ideas as they arise.

3. Schedule your time

Every evening, decide on three to five tasks on your "to do" list that you wish to accomplish the following day. Stay focused on these tasks and only move on to the next tasks on your list once these have been completed.

4. Set goals

There is nothing better for staying focused than setting goals. Visualize exactly where you want to be in a month, six months and a year. In a month's time, do you want to have registered a business name and got all your equipment set up? In six months time, how many clients do you want? How much revenue do you want to generate in a year's time?

5. Just say "No"

Be assertive and carve out more time for your business project. Saying "no" to that extra demand by your boss every once in a while, can get you home one hour earlier a couple of days a week. How about cutting back on the amount of housework that you do? Imagine how you could channel that extra time into your business.

If you put these five tips into practice, you'll definitely find it easier to focus on and achieve your ultimate goal of working from home.

Monday, September 1, 2008

Types of Business Structures

When you decide to start your own business, there are many decisions to make. A critical decision is to decide what legal or formal structure the business will take. This is important because if you desire to work with wholesale suppliers or establish business credit, you will need to prove that you are a legitimate business. There are four forms your business can take: sole proprietorship, partnership, S-Corporation, and limited liability company. (There is also another corporate entity, the C-Corporation, but this structure is not often used by small businesses and will not be discussed here.)

A sole proprietorship is the simplest form your business can take. It has a very simple legal structure and you must get a business license from your state to get a sales tax license, if your state has a sales tax. The disadvantage of this business form is your personal assets are not considered separate from your business assets. If you sell a product and the product injures someone due to a fault, the victim could sue the distributor of the product and they could sue you. Not only can your business assets be attached, but your personal assets as well. The advantage of this type of business structure is that you are allowed almost all of the business expenses and deductions that corporations can get. If you make a profit this money is added to any salary your received from your job or other income and is taxed at the normal rate. If you have losses, then you can often deduct these losses from your salary or other income.

An S-Corporation is the most common type of corporation used by small businesses in the United States. A S corporation does not pay taxes on its profits. All profits and losses flow through to the shareholders(you) and is considered ordinary income for tax purposes. Ordinary income is different from earned income in that you do not pay Social Security and Medicare taxes as well as federal income taxes. You only need to pay the basic federal income tax. An important advantage of incorporating is it limits your liability. Your personal assets cannot be attached and liquidated by creditors; only the corporation's assets. In addition to limiting liability, an advantage of incorporating is credibility. When your business name ends with "Inc." wholesalers will be more willing to deal with you, it is easier to get into trade shows and it is easier to find trade credit.

A partnership is formed when two or more people sign a partnership agreement and file taxes as a partnership. Partnerships have several disadvantages. If you or your partner are sued, then each of the partners is personally liable. If you and your partner decide to part ways, dissolving the partnership can become messy. A partnership does not enjoy all of the tax benefits nor is it as flexible as a corporation. And partnerships are considered a high value target for an IRS audit. Each partner is liable for a co-partner's wrongdoing. An alternate form of partnership, the limited liability partnership (LLP), is formed when two or more people form an LLC (see below). The LLP enjoys most of the same benefits as the LLC, though each partner is often still responsible for the others' wrongdoings.

A limited liability company enjoys some of the tax benefits of a sole proprietorship, as well as the liability protection of a corporation. There is no double taxation that can occur with a corporation. The liability is limited, in that the owners are protected from liability for certain acts and debts of the LLC, but may still be responsible for any debts beyond the fiscal capacity of the company.

Before any final decision is made about the type of business structure you choose for your business, consult a tax attorney or CPA. They can give you advice based on your individual needs as to what structure is best for your business, as well as additional ways to limit your liability and insure that you pay the least tax possible.

Monday, August 25, 2008

Starting a Home Business? Have You Answered the Five W's?

Starting a home business has been one of the biggest growth industries in the last decade. There are thousands of new business owners entering the online arena everyday.

No matter what type of business product or service you choose to participate in, there is one and only one starting point.

The only place to be starting your new home business is, in your mind, more importantly your mindset.

It is imperative for you to know the Who, What, Where, When and Why's when considering starting up a home based business. No matter what type of venture you may choose, if you cannot answer the five W's you will greatly hinder your chances of success dramatically.

Let's take a look at the five W's individually.

WHO? Who are you doing this for? Is it for personal gain and notoriety, family obligations or maybe to help a friend in need. If you do not clearly know and understand who you are doing this for, you will have a very difficult time maintaining the motivation to achieve the level of success you desire.

WHAT? Do you clearly know what is you that want to achieve? Is it to attain financial independence? Contributing to your retirement plans? Is it to put a down payment on a new house? Do you want to be able to quit your job, or do you just want to be able to purchase those big ticket items you have always yearned for?

It is crucial to know exactly what it is you wish to achieve. You have to be able to close your eyes and picture in your mind, down to the finest detail, what your life would be like once you achieve success. If you don't truly know what it is that you want, it is almost guaranteed that you are not going to get it.

Achieving success comes from knowing precisely what it is you want. Then next step is to set goals that are specific, measurable, attainable, realistic and time based, better known as S.M.A.R.T. goals. To learn more about goal setting just do a quick search on your favorite search engine, there is a great deal of information available.

WHERE? Research is the key here. There are countless ways and places to set up a home business on the internet. What is most important here is to keep a level head and an open mind while doing your research to determine your chosen field.

Sales pages are finely tuned to trigger impulses and emotions to get you to buy now, this very second. Fight those urges to click that order button, step away from your computer for a moment if you have to.

Take the time to actually study what is being offered. How much is it going to cost you? Is it a one off, monthly or yearly cost? What is the actual product or service that you are receiving, and is there something else out there that may better serve your needs.

It is highly recommended that you never hit the order button on your first visit. Take a look around and do some comparison shopping, or window shopping if you will. If the original offer was the best you can always return and purchase at a later time.

A quick example. Let's say you find that perfect ebook with resale rights and you just have to have it, and the cost is $97.00. Try this out first. Type the ebook's title into your favorite search engine. You may be pleasantly surprised to find the exact same title for as little as $5.00 maybe even less with the same resale rights. Remember that the first offer you see may not always be the best in value for your dollar. The internet is extremely competitive.

WHEN? Knowing when to launch your business is where many marketers fall short. Ensure that your business is completely ready to go. Test everything before your launch. Check your webpages for loading time, grammar and spelling. Do all the pages and links work properly? Test your newsletter. Does your autoresponder send the messages when they are supposed to go out? Are the messages formatted correctly? Do those links work? Is the payment and delivery system perfect?

When setting up your business try to keep your mindset as if you were the customer. Would you purchase this product or service? Would you subscribe to this newsletter? Is there value being offered? What makes this product or service stand out from the rest? Until you can answer these questions with conclusive statements, you are not ready to launch.

Always keep in your mind, your name and reputation are always at stake. Online purchasers have very little tolerance when things go wrong.

Studies have shown that you usually have thirty seconds or less to grab your visitors attention. If there is nothing of great value, your potential customer will simply move on and probably never come back. Be completely ready when launch time comes. On the internet first impressions are paramount.

WHY? One of the most important questions to ask. Why am I building this business? Why will my customers buy from me? Why is this the best product? Why did I choose this web hosting company? Being able to answer any and every possible question about your business will give you the knowledge and the tools to build your website as well as your compelling sales pages to perfection.

Asking yourself why will clearly give you the right answers to provide your future subscribers and customers before they need to ask.

Keeping the five W's in your mind throughout the planning, preparation, testing and launch phases of your business will provide you with the greatest chances for success. You owe it to yourself and to your potential subscribers and customers.

Your mindset is what is going to make or break your business, after all everything starts with an idea.

Monday, August 18, 2008

Understanding The Pain and Pleasure Principle

The pain and pleasure principle, also known as the pleasure principal, is universal. It guides us in virtually everything we do, whether we are aware of it or not. Simply put, the pleasure principle states that people are driven to seek pleasure and to avoid pain. In other words, we are willing to do things that will bring us pleasure and we are unwilling to do things that will cause us pain. Sounds pretty obvious doesn't it?

It seems however that the two forces are out of balance. The avoidance of pain often wins over the desire to seek pleasure. Perhaps in the case of physical pain this seems logical, at least to a certain extent. But in most cases, we're not talking about physical pain. Most often, people choose to do things — or rather not to do certain things — in order to avoid emotional pain, even at the expense of doing what it takes to gain pleasure.

People may know very well that in order to achieve the results they desire, something needs to be done. They may even have a high degree of certainty that doing that particular "something" will indeed produce the desired result. But if that "something" makes them feel even slightly uncomfortable, they're out. Of course, logically, this doesn't make any sense. Rationally, we know that we can get to C if we just put A and B together. But the fact is, we are not as rational as we sometimes claim to be. Human beings are mainly emotional creatures. We make decisions emotionally and then we try to manipulate the logic to support those emotional decisions.

Most people would agree that the drive to avoid pain is stronger than the drive to seek pleasure. One of the reasons why this drive is so strong is because it is built into our biological survival system. Physical pain will cause people to automatically withdraw from what they perceive to be the source of their pain. Rationally, we know that physical and emotional pain are not the same, but since the human brain has difficulty distinguishing real pain from perceived pain, most people react to it in exactly the same way.

"So why is this relevant for my business?" you might say. Well, first of all, if this is true for most people, it's probably true for you too. You may not realize it, but you've probably fallen into this trap more than once. More importantly, if you remain unaware of this, you will continue to do so. And regardless of what business you're in, that will hurt your bottom line. If you're in a business where you're dealing with other people, you should be aware that they are subject to the same exact principle. Understanding this principle and applying it will prove to be crucial to your business success. Some of you may already be using it without even knowing it, as it is the foundation for many successful business books and coaching programs.

Many times, we try to move people into action by getting them to focus on the pleasure they can receive by purchasing our product or service. Although this can be very successful, there are many times when your prospect just doesn't seem to get excited about the potential rewards. You may have banged your head against the wall a couple of times with people like these. Perhaps you have mentally labeled your prospect as one of those poor unfortunate folks that "just don't get it"; one of those people that aren't the least bit interested in improving the quality of their life. Over time, you will probably run into a couple of those, but the majority of people you meet will not fall into that category. Most people really do want a better quality of life; they want more free time, more money, more respect and more success. What's holding them back is fear. They fear change and associate pain with taking the necessary actions to make it happen. Obviously, they perceive taking action as more painful than staying where they're at right now. And thus, they choose not to take the necessary actions.

In order to successfully move people into action, you will have to apply the pain and pleasure principle on at least two levels. First, you must apply it to yourself. Look closely at the way you conduct your business and you will inevitably find that there are many things you should begin doing, or do differently. For example, you know you should be prospecting, presenting and duplicating and you also know that you have to be a strong leader to your people (employees and clients). But why aren't you? Simple answer: You associate pain with either one of those steps. In order to change this, it will help if you start associating pain with not doing all those things. Think of how it will hurt you in the long run if you continue not taking action. You will find that when the pain of not doing it gets worse than the pain of doing it, you will decide to do whatever it is that needs to be done.

The second step is to apply this principle to your people. Help them become aware that it is their fear and perception that is holding them back. Help them see that they are simply trying to avoid pain and that they obviously perceive taking action as painful. Then help them associate even more pain to not taking action, and continue this up to the point where taking action becomes the only alternative.

Ultimately, if you master this concept yourself, you will become a role model for those around you. You will find that your people begin to follow your lead because they subconsciously want to be like you and attain the things you've attained. When you later discuss these concepts with them, in their eyes, you will be giving them a great gift — sharing the secrets of your success — not just adding another task to their to do list. They will see you "walking the walk," and it is much easier to convince someone with action than with words alone.

Monday, August 11, 2008

Organize Your Office and Improve Productivity

Are you frustrated with your office space? Do you hunt for a pen every time you put one down? Is the search for documents a half-day event? Is your paper filed chronologically - working your way down the pile to "one week ago" and unable to pull out "four months ago" for fear of a paper flood catastrophe?

Every office deals with an excess of paper and whether large or small, your business is suffering when you aren't operating in an organized space.

So, how do you clear the clutter and gain control?

SPACE IS ESSENTIAL

The biggest problem with staying organized in an office is that people set up a system and don't give themselves enough room to grow.

If you have spent the better part of a day cleaning out a drawer and replacing the items in organized, labeled files, but you can't squeeze a single extra sheet of paper you've wasted your time and the unfiled papers will grow again.

Be certain to have at least a quarter to a third (more if possible) of growing room when implementing a system. You may need to change over at some point, but having some extra space will encourage you to keep up with the organizing.

This also goes for items such as architectural drawings or other products or documents you may accumulate.

Set aside time to purge unnecessary documents. Not only will this provide more space but will save you time that would otherwise be wasted looking through worthless paperwork.

SIMPLE FILING SYSTEM

Do not make your system too complicated or it will be hard to follow through. Color coding can be the easiest if you do not have too many categories. This is effective for systems which only require "Income," "Expense," "Projects," "Correspondence" or something similar.

For filing of large groups of clients, projects or invoices, use a single drawer for each group of related files. A tall filing cabinet can even be divided into alphabetical or chronological systems.

For items you refer to daily or even hourly you might consider a posting board near your desk. This is a great idea for phone number lists, to do lists and appointment calendars.

MAINTENANCE

A filing system is only as good as the upkeep. You may find it easier to have a small system of files located on or near your desk and daily or weekly transfer the items into their permanent home.

This also works for items which you need close at hand such as current project information or price lists etc.

STYLE OF FILING

Consider if you can realistically maintain a filing system. Perhaps labeled boxes would suit you better (especially if you tend to pile papers). The key is to find something you will feel comfortable maintaining. If papers are sorted and occasionally purged, your system will work.

EVERYTHING NEEDS A HOME

Everything MUST be assigned a home. By giving each item a place you will not lose pens, cell phones, glasses and so on. Don't crowd the items or you will get frustrated. Recognize that all of your efforts will help you run your business more efficiently, and thus productively. Reward yourself for keeping the system working!

Monday, August 4, 2008

Schedule Your Success

A lot of people dream of owning their own home-based business. They dream of setting their own hours, working when they want to work and with whom. The reality is that very few of these people ever take the time to ensure that they have the right skill set - the right tools - to make the leap to a home-based enterprise.

The first major pitfall that most new home-based business owners face is a lack of scheduling discipline. They just don't plan out their work days. This can cause problems in two ways, under-working and overworking.

Let's look at the first one, "under-working." It's very easy to sit at home, on the ol' PC surfing the web. You might intend on working on your new website or putting up auctions on eBay, but, before you know it, you've spent the entire day reading email and surfing for the latest news and gossip. Sure, you were online and you were doing something, but the things you were doing are not the things that will put a dime in your bank account.

Overworking is pretty easy to understand. Some people simply don't know how to keep business hours. When they work from home, the temptation is there to "work 'til you drop." That's not good, especially if you are building your home-based business on the side and still work a day job. If you spend all your time working, you'll soon feel that you're never getting any "down time," and burnout is sure to follow. Believe me, I know all about this one.

Here's the solution. You must be very disciplined in planning your day. Write down what you need to accomplish every day and how long you will work on each item. Be sure to include downtime in your plan - time for your family, relaxation, exercise, whatever. This is important. after all, you're building a home-based business to build a lifestyle, not to become the richest person in the cemetery!

Your daily plans and goals need to be very specific. It won't do you any good to write something like, "work on project x." What does that mean? How exactly do you "work on something?" Your plan needs to include a definite finishing point, such as "write a new article on dog grooming for page one of the website." See the difference? You can "work on" a project for years and never reach a point where you've had any success. By contrast, when you "write an article on x," you know you're done as soon as you've typed the final period.

If you're in a marketing business, try to farm out as much of the non-marketing related work as you can afford to do. For example, if you sell products or services, it might be beneficial for you to hire someone to help build and maintain your website. The money you'll spend to have someone else do it will be more than offset by the amount of time it will free up. Other areas you can outsource might be bookkeeping, mailing, etc.

Be realistic when planning your day. If you're still working your day job, schedule that from the time you get up in the morning until you get home from work. Don't forget to include commute time. Then, plan out your evening accordingly. Don't schedule a four hour task to be completed in one hour. It won't happen. If you have huge tasks, break them up as much as possible and schedule your time accurately. This will allow you to have a feeling of accomplishment and you'll get a lot more done in the long run.

Don't multi-task. I know that this is the latest buzzword, but in reality, multi-taking is one of the leading killers of productivity for most people. Schedule only one project at a time. You can work on more than one project during the day, but you shouldn't work on more than one project at a time. It's very difficult, if not totally impossible, to do two things at the same time and do them both well. Give one task your undivided attention. Once you've completed that task, move on to another task in that project, or to a different project.

You should also be a little flexible in your scheduling. In any business, there are bound to be interruptions that you couldn't possibly have planned for. In home-based businesses, the chance of distraction goes up exponentially. You'll be working on that hot new project, only to have the toilet overflow or a neighbor ring the doorbell. Plan on it. There will be things that happen that you can't plan for. That's why your schedule needs to include a little cushion.

What I like to do is plan out the items I want to get done and overestimate the time it will take to do them, by say 10%. Then, I have other items which are "on deck." These items aren't quite on today's schedule, but I want to do them soon. If I complete all of my scheduled tasks for the day, I simply look to see what's on deck and start on one of them. It's a bonus.

Sometimes, no matter how well you plan, you just won't finish what you schedule. It happens to everyone. That's when you simply revise your schedule for the next day to include the missed item(s). Don't get hung up on the fact that an item or two didn't get done as planned. Just take it in stride and keep on moving forward. Now, if you find yourself routinely missing your deadlines, you'll need to reevaluate your scheduling. Are you being realistic in your time allotments? Probably not. Adjust accordingly.

These are just a few tips to help you maintain sanity and get your work done. With a little planning and effort, you can balance your home life with your home-based business and literally schedule your way to success.

Monday, July 28, 2008

Tips For Designing Your Home Office

Setting up a home office is one of the most important tasks you will face when you make the decision to work from your own home. Your home office can be a corner of your kitchen or living room or, if space permits, a former spare bedroom.

Size is less important that functionality. When deciding on where to set up the nerve center of your business, there are some factors you need to consider.

Is the area well lit?

Proper lighting is extremely important. Spending hours at a time in a dimly lit work space can create eyestrain which, after long periods of time, could lead to more serious problems with your vision.

Are there plenty of electrical outlets?

Take into consideration what appliances you will have in your work space. Your computer system will require an outlet for your cpu, monitor, scanner, printer, speakers (sometimes) and other ancillary equipment you may have.

Is the area well ventilated and dust free?

All of that computer equipment needs to "breathe" to remain cool and functioning properly. If you have ever "fried" a computer you know how important it is to keep the fan clean and dust free.

Do you have telephone access?

In addition to having a telephone handy for business purposes, you will also require telephone access for your modem. You may also consider a separate telephone line for your business. It is much easier to track telephone business expenses for tax purposes if you have a separate phone line. It’s also important that your clients can reach you. If your clients have to compete with your teenagers telephone habits, chances are they will call someone else. Make certain that this separate line is set up to receive phone calls while you are online. Most major telephone companies now offer that service. You may pay a few extra dollars a month for it, but it will pay for itself over the long haul.

How much "foot traffic" will there be?

You want your office to be as isolated as possible. Can you imagine trying to speak with a client or figure out html code with kids screaming in the background? Not a very professional picture. If you have no choice but to have your office in a high traffic area, adjust your work schedule to coincide with family activities. Sit your family down and explain the importance of your work and why you need their cooperation. It won’t always work out that way but at least it’s a step in the right direction.

Are your supplies well stocked?

It goes without saying that you need to have normal office supplies. Even if your work is online you still need the pens, pencils, note pads and so on.

Have you set the ground rules?

One of the stickiest challenges you may encounter comes from your friends. People who do not work from home seem to think that if you do, you have all the time in the world to visit. This can become a major problem if you do not set the parameters. Setting out the ground rules is important to the overall health and well being of your business. Let your friends and extended family know your business hours and explain to them that you are not available during those periods of time. The sooner you do this the better.

Do you "dress the part"?

Conduct your business in a professional manner. Just because you work at home does not mean that you should throw out the rule book. Maybe you have read the humorous comment about "working in your pajamas." It sounds good in sales messages, but the truth is you are much better off if you awaken in the morning and prepare yourself for your work day as if you were still trekking off to the office, because you are.

You will be much better prepared to focus and get down to business if you dress the part. That doesn’t mean that you need to squeeze into the normal "office" attire. It does mean that you set the standards for your business and much of that has to do with "mindset" and self-image. Dressing comfortably is a one of the serendipities of working at home, but you will be much better prepared for business if you dress the part.

Lastly, and most importantly...

I have one final word of advice for the new work at home entrepreneur. Having your office right down the hall can be a blessing, but it can also be a curse. Remember to take time out for yourself. Most people believe that working at home comes with certain privileges, and it does. However, it can also become all-consuming and take total control of your life.

Don’t allow that to happen. Create your schedule and live by it. Make sure you turn off the lights, shut down the computer and "go home" at the end of your work day.

Monday, July 21, 2008

Set Goals to Achieve Success

Despite your best intentions, you will never achieve the success you are looking for if you never set goals for yourself and your business.

Ask yourself, "What goals have I written down for myself and my business?"

Most people never set goals for themselves or their business. One day leads to another and the days continue to disappear without success. How can you get to where you want to be if you never know where you are going?

The biggest roadblock to goal setting is YOU. Setting goals require you actually to write down your dreams and put a date of accomplishment to them. Do not get in the habit of working your business without goals. This leads to apathy and an empty checking account.

Goals are the lifeblood of your business. Statistics have proven over and over that small businesses fail within the first five years. You do not want to become a statistic, you want to become a success.

How do you become successful at setting goals?

The first step you should do is to write down your dreams. What dreams do you have for your life and your business? Write them down. When would you like to achieve these dreams? Put a date of accomplishment to your dreams. Get a pad of paper and start writing. Be bold and write them all down. Your dreams are now your goals.

You now have goals with deadlines. Your first step is accomplished.

Your goals will either be short term or long term. In order for your goals to become a reality you will be required to take steps that will ultimately lead to accomplishment. Look at your list. What actions will you need to take to reach your goals? Write those steps down on your pad of paper.

You now know what steps are required to achieve your goals.

Remember that steps are not huge, but small. Daily steps toward your goals will bring you to the accomplishment of your goals.

Armed with your list of goals and the steps required to achieve them, you can now start each day as a challenge to accomplish those goals. But wait, there is something else you need to be aware of.

"Where did my day go?"

Have you ever reached the end of the day exhausted and asked yourself that question? You look at your goals and realize that you did not accomplish one step toward them.

"Time Wasters" are everywhere. Time wasters have their own agenda: to stop you from achieving your goals. Do not let them win. To achieve your goals you must learn to recognize your "time wasters".

Keep a log for every hour of your day for an entire month. Write everything down that you do. It is easier if you break your day up into fifteen-minute increments. Do this for one month and you will be able to identify your "time wasters". Use the information to learn how to better use your time. The better you get at effectively using your time, the better you will become at achieving your goals.

Success doesn't happen to the uninvolved. Success happens to those who are persistent in reaching their goals. Review your goals daily and modify them as needed.

You should never be without goals. Dream and make goals to reach those dreams. Keep your goals before you. Continue to add goals to you life. Your passion will keep you focused as you accomplish each step toward your goals. Dare to be successful.

Monday, July 14, 2008

7 Tips for Starting Your Home Based Business

So, you've decided to start a home based business. Congratulations! and welcome to the fast-paced world of entrepreneurship. While there is a lot to learn, your effort will be worth it. The thrill of growing your business, the freedom and flexibility to set your own hours, and the possibilities of ever-increasing financial rewards are all wonderful reasons to start your home based business.

Now that you've decided to start your business, you might be wondering "How can I get it off to the strongest possible start?" These seven tips will help:

1) Set up a separate working space in your home. It doesn't matter if this is a small bedroom, one part of the garage, or a corner of the living room. The important thing is to have some space that you can designate as your working area. This will give you the space and room you need to craft your dream.

2) Stock your working space with materials. This sounds basic, perhaps, but one underlying element of success is that you have easy access to the tools, materials, and other resources you need. Gathering everything close by also keeps you from wasting time searching for it, so this step can be considered a time management strategy, too.

3) Speaking of time management, your third step is to define the parameters of your business. What days and hours will you work? When will you market? When will you provide services or products to clients? How will you keep all of this straight?

4) Balance action with planning. One of the most common pitfalls to successful entrepreneurship is getting too caught up in action without enough planning. Stated another way, this means that you confuse "being busy" with "working on important projects." The best approach is to plan your next couple of goals and then work backwards to create step by step action plans to reach them. Once you have the plan, then it's time to take the action.

5) Network like crazy. One of the fastest ways to grow any business is to make connections with other people. Be sure to share your passion and enthusiasm with others at every opportunity. Let people know who you are and what you offer. Remember, people can't buy if they don't know you're selling.

6) Present a professional image. If you want to be treated professionally, present a professional image. Set up a separate bank account for your business. Install a separate phone and fax line. Create professional marketing materials. Be courteous and pleasant in all your customer facing interactions. Basically, be someone people want to do business with.

7) Automate your business as much as possible. Granted, you are just one person (right now) and might have a lot of extra time to take care of all the details. This might work for now, but won't work into the future as you get busier and busier. It's best to set up automatic systems and processes right from the start to free up your time to concentrate on the most profitable activities.

These seven tips will get your home business started (and growing) in the right direction.

Monday, July 7, 2008

How Can Joining a Forum Help Your Business?

Online forums are a fantastic reminder of the influence the internet has had on society. Using forums to connect with your market is a natural progression.

Forums are online communities where individuals can discuss topics ranging from fly fishing to breast feeding to internet business. Discussions are conducted by posting notes to the forum. A single discussion is called a 'thread' and most forums have several - even hundreds - of threads going at any time.

What is truly remarkable about the use of forums is the personal quality of the discussions. Read some of the posts on forums such as ivillage.com and you'll soon see that the members become more like neighbors (and even friends) than strangers connected only by the keyboard and monitor in front of them.

Where brick and mortar businesses used to prosper based on their involvement in the community - online businesses now have a neighborhood all their own - online forums.

How can participating in a forum help YOUR business?

NETWORKING:

Online forums are a fantastic place to connect with others who are knowledgeable about your business. You probably cater to the same audience and share a common interest. If your businesses compliment one another you might just find a highly profitable partnership or joint venture.

Even if you don't find a working relationship you may find the referrals or discussions highly beneficial.

TRAFFIC BUILDING:

Along with the referrals you may get when you've developed a trusted online presence with other members of the forum, you are also likely to attract targeted visitors to your website.

If the forum permits you to post a signature (your website URL) onto the posts then you can be sure that some of the members and quite likely some of the 'lurkers' (people who view but don't post) will come check out your site.

EDUCATION:

Using the forums wisely can open you up to a great education. Whether it is from fellow entrepreneurs in your field or experts and other posters - you are participating in an 'inner circle' type discussion that may open your eyes to new developments and opportunities in your business.

ADDICTIVE:

The only downside is the highly addictive atmosphere. With members posting from all over the world it can be difficult to reign in your viewing time on forums.

On the flip side, other members are hopefully as interested in what you have to say and you may quickly develop a reputation as a reliable source for information.

Be very cautious to follow forum rules. Never spam a forum - your aim should be to participate in a conversation, not interrupt it. Have fun and watch your business grow!

Monday, June 30, 2008

10 Necessities for a Home Based Business

When you make the decision to earn income from the internet you will need to go through a set up process to be ready for business.

Following are the basic steps in setting up for home business success.

1. Attitude

The key to your business success is your attitude.

Treat your business like a business.

This is critical whether you are working part-time or full-time. One of my colleagues is a mother who works from home around her family. She has always put her family first whilst at the same time developing her business. She says, "I work part-time, but I have a full-time attitude."

Put another way, "If you have a hobby attitude you will have a hobby income, if you have a business attitude you will have a business income."

You can be successful working part-time and you can be successful working full-time but it is highly unlikely that you will be successful working in your "spare time".

2. Working Environment

A space that you can call your own, free from distractions for your scheduled time.

A comfortable chair and organized desk.

Stationery supplies as required. For example:

- pens

- highlighters

- stapler

- hole punch

- sticky tape

- note book(s)

- a simple filing system

- ring binders

- manila folders

Consider the value of a broadband connection. Your time is valuable and a broadband connection can allow you to get more done in a given time frame.

3. Schedule

Develop a schedule that works for you, your family (or "significant others") and your business. When you allot a block of time for work then use that time for work. Equally important is to schedule time for your other commitments - family time, self education ( reading, listening and viewing), "health time" (exercise, cooking and eating), and leisure time. During these other times don't work. After all if one of the reasons to work from home is to spend more time with your family then you don't want your working at home time to consume your family time.

You are working for yourself and your schedule (by your choice) is your "boss". When you have people calling you or dropping around unexpectedly or maybe out-of-town visitors may want to catch up with you then you need to make a choice. Are you committed to your own business success? What will be your choice in these situations? Only you can decide what is important to you.

In a family environment you may need to negotiate with your partner and children to have your business time agreed upon, during which you will not be interrupted. Put this schedule prominently somewhere so all family members are aware of your work schedule.

4. Describe Your Business

Be able to describe your business concisely; a powerful one or two sentence description that someone can repeat in describing your business to others. A unique and memorable tag line can also be invaluable for promoting your business.

5. Know Your Product or Service

Once you have selected your product or service to sell, it may or may not be something that you use yourself but you need to know your product intimately. If you are selling ebooks then know the content and its value. If you are selling software then use it know it "inside out". You will develop a reputation of providing quality information and because of your product knowledge you can become the preferred supplier.

It is not practical to use certain products (for example a woman may choose to sell man's shoes or vice versa) in which case the seller won't be a product user, however the seller can still know the benefits and features of the product intimately.

6. Administration

Use good record keeping practices.

This may involve a consultation with a tax advisor who can let you know about the optimal way to set up your financial records and what records need to be kept. Your advisor will also recommend record keeping systems and you can find out what software may simplify this aspect of your business. Additionally your obtain advice on the best arrangement for your bank accounts. You will most likely be advised to have a separate bank account.

You will also need to keep track of your various logins, usernames and passwords. A very handy little software tool for this is Treepad available as either the free Lite version (without password protection) or the commercial Plus or Biz versions. http://www.treepad.com

There are other useful tools for this also from a simple paper notebook to free and commercial password keepers. One popular solution is Roboform that will remember your login details and can automatically fill out your login and other registration forms. http://www.roboform.com

7. Computer Protection

Your computer is the lifeline to your business dealings and must be protected including the data that is stored.

You need a virus scanner, personal firewall, anti-spyware and anti-adware and preferably an email scanner with the ability to delete suspect of spam email from the server before it is downloaded to your computer.

Some suggestions are:

AVG Anti-Virus: http://www.grisoft.com

Spybot S&D: http://www.safer-networking.org

Microsoft Anti-Spyware: www.microsoft.com/athome/security/spyware/software/default.mspx

Adaware: http://www.lavasoft.com/

Mailwasher Email Scanner: http://www.mailwasher.net

8. A Domain Name

You will most likely need a domain name for your business and one cost effective registrar is GoDaddy, http://www.godaddy.com.

9. Payment Processing

You will need a way to process credit cards; that may be using services such as:

- PayPal: https://www.paypal.com

- Storm Pay: http://www.stormpay.com

- 2 Checkout: http://www.2checkout.com

- Clickbank: http://www.clickbank.com or others.

This is the most economical way to get started. Once your business picks up you may need to look into your own merchant account for credit card transactions.

10. Email accounts

Once you have your own domain you can use an associated email account. This can further assist in the promotion of your business and promotes a more professional business image.

As a final comment on continuing in your internet business, conduct your business ethically, provide extraordinary service and be proud to put your name to the products or services that you are selling and you will be on track to developing a sustainable long term internet business.