Building Your Home Business System

Many home based businesses fail within six months of starting. This is usually because the new business owner has not put in place, the proper systems to run a home based business. In this article I’ve included a few tips that should help you to organize your new business.

Office space

It is important to have a proper workplace for your home business. Many people try to work out of their garage or a corner of their bedroom or even in a portion of the family room. This tends to cause disorganization. Curious children getting into things in your workspace can also be a problem. If you don’t have a specific space set aside for your home based business you need to make one.

Set up an office space specifically for your business, even if most of your work is done outside of your home (as with building contractors or plumbers). Setting up a specific desk, file cabinet, and telephone line for your business is important. If you don’t have a room in your home that is exclusively used for your business, you need to have at least a portion of a room set aside. This area shouldn’t be used for anything else.

Telephone

Your home base business should have its own telephone number and an answering machine set up specifically for your business. If your clients can get a hold of you via the telephone you need to have a way for them to contact your online. Sharing your home telephone line with your home based business can cause problems. If you have teenagers or other family members who are prone to use the telephone a lot you may not get an important business calls. Setup rules for your business phone. It should be used for business use only. Whoever answers your business phone needs to do it in a professional manner. This is important if you want your business to be taken seriously.

Organizing Data and Supplies

Your office should have a secure filing cabinet to organize your business documents. You should keep all important data in this filing cabinet. All receipts and other forms need to be kept where you are not going to lose them. It’s also important to keep documents and other business related materials put away so that someone doesn’t spell something on them. Losing important paperwork can be very costly for your home based business. Selling products that look like your children have been playing with them is also not good for your business.

Computer

Data on your computer should be password protected. If you don’t password protect your business documents it’s possible that children or even other family members can go in and accidentally delete your home based business data. Losing computerized business records can also be very costly for a new home based business.

Financial Management System

Another big mistake that new home business owners tend to make is not having a separate financial management system for their business and your own money. Your business should have its own bank account. You should give yourself a payday. Avoid giving your self advances, even when you feel you have earned them. Keeping track of business expenditures is important. If your financial records are mingled in with your grocery shopping it’s going to become very difficult to keep track of funds.

Network Marketing Home Business – Advantages Over a Traditional Business Or Job

Maybe like me you’ve become underemployed. Maybe you are one of the less fortunate who’ve become unemployed. Or maybe you’re even a college graduate who has discovered, that even with a degree, there are not many quality job opportunities out here right now. Sure you might be able to flip burgers for minimum wage, but that certainly doesn’t support a family or pay off loans from college.

Personally, I had to make some changes. I had worked full time in the same industry for about 20 years. I had started out as an unskilled laborer and learned skilled labor and customer service the first five years. From there I’d gone on to be a crew chief and supervisor for the next ten years. After that I went into logistics, management and sales for the last five years. Even after a long period of experience, honing skills and ever increasing responsibility I suddenly found me underemployed! With my wife out of work and things slow at my job we began falling behind more and more.

I found myself having to make the same kind of evaluation you are making about home based business. I had been exposed to many opportunities like Amway, Pre-paid Legal, Young Living, Mona Vie, etc. I’d spent a ton on books, audio books and eBooks. I’d checked out and read tons of books from the libraries. I even spent $6,000 on an e-commerce home business that I have not seen a dime of profit from. I’d started my own home and small businesses (even losing $50,000 on a small business). I’d been actively researching network marketing home business for a few years.

I thought about it quite a bit and determined what disadvantages might be of doing network marketing home business over a traditional business. (I knew just going to my job every day would get us nowhere but on the streets at that point. After 20 years, that was pretty shocking!) First of all, it would be wholly based on the quality and amount of effort and commitment I was willing to make, at least in the beginning. If I truly wanted leverage of my time and money I would have to work very hard and very smart for quite awhile. If I was lazy about it, my expectations and goals would certainly not be met.

There would be no healthcare, dental, vision, stock, 401K or any traditional benefits. Everything would be my responsibility. For me, this was no different than my job, since as a contractor I didn’t get any of that stuff anyway. If I went to another job I might get these things, but if I moved full time into a network marketing home business I would not.

I looked at these and other aspects and not only were there a lot of advantages of network marketing home business over a traditional business, but a lot of disadvantages could actually be advantages to me. It just depended on my point of view. For instance, since it is wholly based on my level of commitment I would get out of it what I put in. If I wanted a raise I would give myself a raise.

Advantages of a network marketing home business were many and varied. Ability to choose the amount of time put in daily and rate of growth would be an awesome benefit. I could put in 5 hours in my spare time or 50 hours. I could keep my job in a traditional business while working my home business part time or do network marketing full time. I chose to keep my day job while building my network marketing home business full time. Everything else was put on the back burner and I worked several hours in the morning before I started my regular job, getting up very early. If I had dead time in my workday, I would put in more time on the home business. I would work on network marketing for long days on my two weekend days.

My thoughts were that I would put in far more time, effort and commitment than the average network marketer is willing to do. I wanted to grow an organization fast reaching leverage and freedom as quickly as possible. Other advantages were to be had. The time flexibility was a phenomenal advantage. I had the freedom to put the time in whenever my schedule allowed as well. I could work in the middle of the night, during breaks at work, early morning, weekends or whatever it took. This was not to be had in a job or in a traditional business.

Most have heard and somewhat understand the concepts of leverage of both time and money. This is what the owner of a large business has. He gets a percentage of the efforts of many others. The lowest cost and quickest way for me to get that type of leverage was through the right network marketing home business. This was the place that had the least barriers to entry, but it had a steep learning curve. I discovered in my research three areas where most network marketers fail. Marketing effectively to generate unlimited quality leads, leadership and communication were the areas I found to be lacking in most network marketing home businesses, systems or so-called gurus. I resolved to make myself an expert in those areas while building my home business so that I could help to educate my down line in these areas.

If you have read any of my other articles or my blog you know that I try to speak objectively about this business. On this subject, I will admit I am biased. I love what I do. I have freedom on the horizon that I have never seen my life. I now get to really utilize leadership skills I have been developing for a lifetime. I have control of my destiny. There is a professor in Chicago named Dr Charles King who has been doing rigorous research on the network marketing home business phenomenon since 1994. He has created accredited courses in network marketing home business skills and teaches them as well. If you can find video on YouTube with him speaking, it is really worth watching for his well-educated and objective viewpoint on the business.

Contracting Blues – Are Contractors Human?

When you get a good feel for the Contractor business..like 30 plus years of experience…. it’s easy to say “I told you so”. Most homeowners have a horror story about a remodel or home improvement project that just didn’t make life all that enjoyable. 90% of the time it doesn’t include a Certified Professional Contractor.

You see..if someone is going to go through the trouble of really learning their trade…would they focus on screwing people over. Let me explain. In order to get a Journey Level certification in any trade, you must go through a 4-5 year Apprenticeship. This means slugging it out in the real world for those 4-5 years and then attending a trade certified Tech Institute every year for 6-8 weeks. It’s been so long now, I forget how long classes were. I never did like school.

OK…now…a scammer has already put 4 years of hard work and gone to school every year just to make your life miserable. That doesn’t make sense. I’m going to out on the limb here and say that only guys that have been working their butts off for 20 plus years in one of the trades… wishes they’d have listened to their folks and been a Lawyer.

Communication has always been the culprit for misunderstandings. Now..why would I get started on that? Well…most problems occur in “ANY” situation because of faulty communication. Marriages and families get broken up because of this sort of thing.

So why are people surprised when things go wrong on a remodel done by a Contractor. Heck…we’re not English Majors…we’re not even certified Psychologists. I’ll let everyone in on a secret…Contractors are human and can make mistakes..or usually it’s a misunderstanding during the hundreds of conversations a home owner and Contractor will have. Yep..we may just forget one of the thousand things going on while we’re on the job.

No one complains about the Eye Doctor that misdiagnosed my Mothers eye condition and that caused her to lose sight in that one eye. Does anyone make a show about the guy that spent 10 years in prison because of faulty Police work or a justice system that sometimes doesn’t work?

This life is full of unfairness..heartbreak..loss..disasters and chocolate. I’ve tried to give it my all as a Carpenter/Contractor and only focused on doing the best I possibly could. Try to ask real questions when you hear things or watch certain things on TV. We all need to ask questions.

Using AdWords Can Really Expand Your Contractor Business

Nowadays it is important to stay on top of technology and how it relates to promoting your business, especially if you are a contractor. People in the contracting business are behind the eight ball a little more than people in other businesses because as a contractor you provide a tangible product. You are not sitting at a desk surfing the web and fishing for ways to do business, you are actually doing business in the real world. But, if you want to have a competitive advantage over other contractors then you need to get with the program and start using AdWords.

AdWords is Google’s flagship marketing product aimed at putting your business name at the top of any online search that includes keywords or keyword phrases that you specify and bid for. In other words it is a paid search. There are two types of searches paid and organic. An organic search is when your business ad appears basically on the luck of the draw based on the content of your website. A paid search is when you actually bid against competitors for space at the side of a Google search or on top of a Google search. For instance, let’s say you specify your AdWords phrases to be contractor and contractor business. Depending on where you end up in their bidding process, your ad will be one of the ads that shows up every time someone searches those ads.

AdWords is a pay per click, or ppc system and can be very useful in helping you build your contractor business. When your ad shows up on the Google page and someone clicks on it, you pay Google whatever price you negotiated in the bidding process. It is one of the most cost effective ways to advertise your business on the internet and it has proven to be very effective over the years. One tip to remember is to be creative on the key words you use. Spend some time looking up the popular words and phrases as they relate to your business.

It’s a tough economy out there and you want to make sure your contractor business prospers. Being ahead of the curve with your internet marketing will definitely help keep your contractor business rolling. You are a contractor because you love it and marketing on the internet can keep on top of your game for a long time.

Contractor Expenses: Reducing Operating Costs

The global business scenario always keeps fluctuating as the whole system is interconnected with all the countries around the globe through the Global financial system. The changes in the economy on one side of the planet affects all the people connected to the system. It is the ripple effect of the economy that creates a chain reaction in the whole business system. There are many fragile economies that come crumbling down when such a situation arises. In this situation, it is the small business organization that get affected the most when the economic crunch hits.

Many organizations tend to downsize their company to keep themselves alive in the business market. This leads to another huge problem which is the lack of professional employees that are needed to run certain aspects of the business. It is a common fact that none of us can perform all the tasks in a business on our own, and we have to depend on other people’s expertise to keep the wheels of the business running.

This is the reason why there are skilled professionals who are ready to work on Contractor expenses. This option allow businesses to keep themselves alive in turbulent times by hiring such people to fill the void left by the people who had been taken out of the business system. These are the kind of people who prefer to work as freelancers because they can perform certain tasks with great speed, and they are able to make much more money than a regular job. They have trained themselves to handle certain tasks in a fast and efficient manner that allows them to finish a contract in a short amount of time with high precision.

Contractor expenses are much less compared to a full time employee, who has to be given other benefits along with a regular salary. Freelancers are only paid a fixed amount for a limited task, and they do not have to be paid any special benefits. This core reason has made the allure towards this option much more popular, and many small businesses have been able to sustain themselves through turbulent times. The financial burdens that accrue due to any debts that the company is facing is a hard problem to beat when the profit margins are shrinking.

The freelancers also find this option good for their personal lives, as they can make good amount of money to pay for the own medical insurance and handle their family life at the same time.