The number of home based business is rising rapidly. With corporate downsizing and the current economic downturn, most people are exploring the new opportunities coming up putting the concept of telecommuting into use. There are quite a number of advantages that come with this especially for those who are looking for flexibility and a more balanced life.Increased Work TimeIt goes without saying that most people spend close to an hour a day travelling from home to their offices and way back to their homes. You have to grapple with daily heavy traffic issues, harsh weather and enduring hours of small talk with people you meet along the way. This does not only reduce your useful working hours, but it also leaves you fatigued and drained. When it comes to a home business however, all you need to take is a few steps to set up your home office and you will start earning your own money. You also do not have to worry about office close time as you can work for as long as your work permits. This leaves you with more time to respond to client phone calls, emails as well as handle other pressing business concerns.Increased ProductivityAlthough working from a corporate office may offer a wide base of clientele drawn especially from the walk-in clients; home business allows you to take advantage of all the business tools that come your way. Internet marketing is one crucial tool that is being used by both small and large business organizations to increase their sales. Online advertising gives a home-based business organization to enjoy level field in-terms of access to the market. A small company can also effectively launch an online advertising campaign just like large corporate organizations.Reduced OverheadsOperating a home business reduces your recurrent budget as expenses such as rent, service charges and other major office expenses are reduced. For most companies, you will find that rent is a major component of the recurrent expenditure as it has to be paid regardless of whether the company makes money or not. The global market is driving property rates higher to an extent that startups often find it hard to put up businesses in certain localities and neighborhoods. A home based business eliminates this unnecessary anxiety and pressure.Ease of Making DecisionsWhen you rent office space, you unintentionally make your landlord a part of your business. It hence becomes hard for you to make decisions about the business size without involving him. With a home business, the decision to upscale or downscale can be made easily as it does not involve other players. You can add more staff or reduces your staff size to suit the demands of your business.Unmatched FlexibilityIt goes without saying that more than 50% of startups fail in the first year of business. With the current global market trends, it is hard for a new business to survive unless properly managed. In this age of internet marketing and advertising, home based business allows you to try new ventures without incurring huge outlay costs.
Plan To Succeed With Information Product Creation: Why You Need To Split Your Process Up
One of the keys to succeeding in information product creation is to break the process up into discrete steps. This frequently isn’t an instinctive reaction for the typical information marketer. Especially on the internet where small sized learning products are the norm.
However, it is extremely important to your ultimate success. In fact, I would go so far as to say that if you don’t do this you probably won’t succeed… even when you are starting out let alone as you move forward.
Your product creation system should do this for you if only to help you to understand the overall task.
But why?
In this article, I’m going to ignore chunking and focus on the practical aspects. That’s not to say that chunking isn’t important. It is. It’s important to understanding and to learning the process. But while you can use the same chunks as you move forward, long term your focus needs to be on the operation of the system not the understanding of it. Unless of course you are constantly training new people!
So why is chunking important to long term use of the product creation process? (Yes, I know systems design uses a different term for this process but I’m not teaching you systems design. So I’m going to use the word learning content designers use.)
The first reason that having individual discrete tasks is important is one of schedule estimation. Frequently it is very difficult to estimate how long the total task of creating a product will take. After all, the size and type of the products matters as does the number of products in your product funnel. And those are just the most obvious elements. However, estimating a discrete task is often much easier. The total can then be estimated as the total of the discrete tasks.
Secondly, scheduling a large task can be problematic. However, by segmenting the task into a number of discrete tasks, you gain a much greater flexibility in scheduling. Not only that but as your business begins to add people you are able to schedule multiple people to the product creation.
Finally, segmenting a large task into smaller discrete tasks allows you to have much better control over the product creation. This affects two different areas — status and quality.
By segmenting your process into discrete tasks you are able to schedule and record the progress at much more detailed level. As a result you are more in control of the status of the product creation. You know what everyone is doing. When they should complete it. And how much it should cost. You also know exactly what has been done.
You also improve your overall quality. Instead of waiting until everything is done you can check quality as you go. This allows you to immediate react to low quality products without absorbing their costs. This means that you have less rework and your rework costs less. And if the product is not going to meet its quality requirement you will know about it in time to stop the development, change the requirement or fix the product.
5 Foundation Principles For New Home Based Business Professionals
Why Become a Home Based Business Professional?Corporate downsizing, layoffs and a shrinking number of jobs available are all common reasons to look for new ways of generating income. With the power behind the internet and the declining job market, it is no wonder hundreds if not thousands are looking to legitimate home based business companies before the end of this year alone.But, is there more than meets the eye?Starting a new venture as a home based business professional is a very exciting idea. The idea of freedom to live the life you want and the freedom to come and go as you please…Sounds good right? Caution, it is not without its challenges.According to recent statistics, the odds of success past 3 years with a home business are greater than a traditional brick and mortar or franchise type business. Awesome, sign me up! Not so fast; it also comes with a lot of hard work and some hard lessons along the way.When starting from scratch, expect to put in many hours just learning your new business and honing the talents necessary to gain the level of success where freedom and flexibility exists along with earning an income.What are 5 Foundation Principles on the Journey to Success?Depending on what book you read or who you talk to there are infinite possibilities of achieving success with a legitimate home based business. That is probably why there are many home business professionals who are living the life of their dreams.You will find a short overview of 5 key ideas below. Each of these principles lends itself to some very in-depth discussion. However, for this discussion, a quick overview will suffice. You are invited to review the discussion presented and spend some time reflecting on the concepts offered. You decide for yourself if they apply in your life.Each Person We Meet is Our Teacher and StudentThink of this idea as you design a new life for yourself. You will come across others who have been there and done that and do not had the same values as you.Consider each relationship with curiosity and confidence. Be curious about what you can uncover about your business and yourself. At the same time, be open to the thought that you are unique and your view is unique to you.You have a fresh view and are able to share your experiences and knowledge. Regardless of the skill level of a mentor, sponsor or potential business partner, you are each the teacher and the student.We are Each a Product of our Own Belief SystemThink of a successful business icon like Donald Trump, Warren Buffet or Robert Kiyosaki; what are some of their core beliefs? Maybe some of their core beliefs sound something like, “if I can dream it, I can be it.” or “success doesn’t just happen. It starts for those who take action.” -D. TrumpHow successful would these guys be if at their core, they made statements like: “money is the route of all evil.” or “only people with money make money” or even something as simple as “I don’t deserve it.” or “No one should have that much.”The idea here is to be very much in tune with your core belief system. What is working for you? If you are not seeing the results you desire, take the time to go within. If you aren’t spending some time within, chances are, you’ll go without!Work is Doing, Being is EffortlessThis concept builds directly on how well you are aligned with your core belief system. When you are tuned into your belief system, it is serving you in your life today; you are in a position of choice.This is when you are able to consciously make choices to be in alignment with your core belief system and your core values. This is the point at which you cease to do work and you are simply being effortlessly.It may be that the number of hours you are being in your business may be many, but you will be in a place that is effortless. Your work ceases to be work. Talk about enjoying life! This is what all home based business professionals strive for.We Either Grow or Die”Life is a daring adventure or it is nothing.” -Hellen KellerSelf growth and entrepreneurship go hand and hand. Much in the way we are each teacher and student, each situation and experience we have is an opportunity to grow and learn.Look for the lesson around every corner and strive to grow at every moment. Two things that are critical to maintaining success as a home based business professional is to participate in a mastermind team and hire a coach.A mastermind team should consist of 4-5 people with different skill sets who come together on a regular basis. It can be based on a commonality of business or personal growth. You can’t go wrong. Imagine the teams of people that Trump or Buffet surround themselves with. They don’t do it all alone!Perhaps most important, all successful business entrepreneurs have a professional coach. Even the most successful business coaches hire a coach. The joy of working with a certified professional coach is they work with you to merge your inner self with the outer self to help you tap into your passion and purpose and help you create the world you want to live in.Now is all There Ever IsYesterday is gone and tomorrow is yet to come. All you have is right here and right now. Live with the expectation that you will achieve all that you desire and act as if it has been here all along. You have the power to manifest all that you dream.