Starting a Home Internet Business, Do Not Fall at the First Hurdle

Starting a home internet business can be an exciting and rewarding experience but there are a few things to consider before taking this leap of faith. The lure of freedom, no commute, more time for the family and an extravagant income has lead more than one person into the slough of despond.

So what are some of the problems and what are the answers?

The first and most important to remember if you have previously been employed is that the company has dictated the discipline. You are now going to have to supply your own discipline.

Easier said than done. Home life works to a very different tune than your previous business life. Home is where you relax. Home is where you can have leisure time, however short with your family.

How then can we marry the two?

· The first thing is to designate a specific office space. When you went to your office your subconscious told you, this is where you do particular things. You need a space in your house where your subconscious brain switches on for work. Do not spread your work space all over the house, you will be seen to be intruding on others space and this can cause resentment. This is the last thing you need.

· Having set up your office space you must decide as to how many hours a day you are going to devote to your business and when. Again your subconscious brain likes routine. It does not matter what this routine is, it just accepts it. You will obviously have to work around other needs within the family, such as taking the children to school, instead of taking the train to work. You would be surprised how your time can be managed for you by the rest of the family. Be strong and except in an emergency stick to your schedule of work hours.

· Do not become a slave to your new business. Stick to your work hours. Make a daily plan of what you are going to do. Six items are usually enough and if you have not completed them, do them the next day. Form your mini goals and do not become distracted.

Working from home can be lonely how can I avoid this?

· Most of us need social support. This is provided to a great part in an office by co-workers, whether we like them or not. They are part of our social group so we need to grow another social group.

· Find other people who are in the same situation as yourself. Join a mentoring group for learning and to be an emotional support.

· As far as possible keep up your outside hobbies and be open about what you are doing. Not everyone will understand but many will and you will find that your social group will grow with like minded people.

· Do not completely give up your old work comrades, unless you cannot stand them. It is like your family. You may move away and develop different interests, but you still keep in touch.

Starting a new home business can be a very rewarding and challenging experience. Most of the problems associated with it are surmountable. With a little understanding, self discipline and determination we can all succeed.

Entrepreneurs Could Learn Lots from US-Based Asian Small Business Consortium Strategies

Over the years I’ve been quite impressed at how many of the Asian-American small businesses stick together and really help each other out. It’s an impressive display of camaraderie and confidence. Their strategies work so well, they have a much better chance at success, which allows new start-up small businesses and shop owners drop their failure rates significantly over the average small business rates in the US.

Last week, I was discussing this with an acquaintance from the Philippines, and she noted that the Chinese business owners there, do the same thing, and they use the same strategies. She noted; “The Majority of those who own big businesses in the Philippines are Chinese. I admire their way in managing their business though, and Chinese community or family helps each other when it comes to their financial needs.”

Yes, and this happens in Los Angeles too, not just with larger and medium sized businesses, but also with small businesses. Not just with the Chinese, but it seems all Asian-American Business Owners. There are rare cases where I’ve heard they tend to exploit their own, which is unfortunate, but not any more than perhaps wealthy Anglo-Americans have in past periods, after all, that is known by just reading our history books.

One interesting point in Los Angeles, is that I’ve observed the Korean Small Business consortiums doing the same thing to support each other, and they form ad hoc groups to loan new business owners money to get started and then they do the same later for future business people. During the LA Riots, some of the African-Americans in LA were angry at the Koreans for being such good business people and they said they are exploiting them. Sometimes with such strong business strategies it’s easy to create animosity in the local free markets, when you dominate so many sectors.

My acquaintance in the Philippines noted that the Chinese Business People there would never allow their relatives to become poor, so they support each other. Maybe it’s this attitude which helps propel their ventures so well, a sense of closeness and community – almost a community within a community if you will, with a small business enterprise motif – and you know what? It works! Perhaps, this is why I’ve always been impressed with the way that Asian-Americans stick together in business and work with each other.

Every entrepreneur could learn from these strategies, so, I thought I’d mention it to you. Please consider all this and think on it.

Manage Your Online Small Business Better With These 3 Tips

Many people are enthusiastic about starting a online small business. A major impediment in their progress is lack of adequate knowledge in handling the business. The discussion below is designed to help you acquire basic management skills.

1. Time Management

One of the major ingredients of running an online business, particularly home based business is time management. Because you are your own boss, and there is no physical control on your action, there is a tendency to ignore the value of time management. When you miss your schedule today, work accumulates for the next day. A disciplined approach to time management is therefore critical for your success.

2. Persistence

Online business should not be looked upon as a means of overnight riches. Like in physical business, persistent effort and focused work is essential to take your Internet business all the way to your goals. Be prepared to invest time before you can see the first few hundred dollars trickle in. Understand that every successful business person has gone through this phase. Persist with your efforts and you will find them blossom into remunerative results.

3. Focus

After you select your type of online small business, stick with it until your efforts starts to yield results. Jumping from one opportunity to another will not get you anywhere. If you started off with affiliate marketing, stick with it. Enhance your learning when you face obstacles. Remaining focused and adding to your knowledge about your Internet business is the quickest way to succeed.