Working from home, setting your own hours, keeping all (or a lot of the proceeds for yourself), not having to commute, allowing for as much vacation time as "necessary", all have their perks.
It certainly seems that way, especially for a lot of woman who may not desire to stop working or can't afford to, but additionally desire to stay home with the children or be home once they get back from school.
But, this growing pattern, even with every one of its apparent benefits has many experts cautioning stay-at-home workers and warning them about the potential perils of home-based businesses because of common human error.
Some of the most typical (and most damaging) include: · Going In Blind: Sure you need self-belief, guts and devotion to start your own business, but you also need to know what your engaging in, and that means diving Primarily into doing the necessary exploration concerning the type of business you are interested in opening.
Experts suggest finding out as much as possible concerning your impending endeavor and about its potential for success within your area.
Study your competition, note how much they are charging and identify your target market.
Rely on publications, trade exhibits, conferences and the net to assemble your resources and information.
· Trying TO Do It All Yourself: Remember that opening ANY business is hard, particularly in its early phases.
This can be the most crucial time for you and your venture and you'll need all the love and encouragement you can get.
One of the largest mistakes, experts say that new entrepreneurs make is not getting the necessary support from spouse or relatives.
Besides maybe helping with the housework or little ones, he or she may also desire to assist in your business or at least lend assistance and encouragement while you get things going.
· Leaping Without A (Financial) Safety Net: Nearly all of us are custom to bringing home a certain amount of salary (give or take) each 7 days, an idea of having a "comfort" zone that most new business owners need to give up say experts.
As outlined by specialists, most new business owners won't see an income for quite a few months.
In reality, they recommend having at the very least six months (monetary) reserves on hand.
· Taking On Too Much At One Time: While you undoubtedly need to satisfy the consumer and build your customer base, it's important to remember, that you won't be able to please all of the people all the time.
They recommend not scattering yourself too thin by creating a mission declaration for your business defining your purpose plus your goals.
Take account of what your business entails, what makes it stand out, and where you see yourself one or two months to a year down the line.
Moreover, they add that you should make it a point to check your declaration periodically and make all the required alterations.
· Keeping Yourself In Check: It's easy to take advantage of being at home, especially when you don't need to punch or stare at the clock.
Nevertheless, according to experts, sticking to a regular work timetable is crucial.
Keep your schedule flexible (that's what working for yourself is all about) but place limits and boundaries that will permit you to focus with no interruptions and be productive.
· All Work And No Play: Simply because you make money working from home doesn't suggest you never leave the house again.
Actually, a very important part of any business is networking.
Thus, think about maintaining your professional appearance and joining a few professional organizations that could put you in contact with all the appropriate people..
..
and even though chat boards and websites can offer you the same, making a personal appearance is ALWAYS a nice touch.
· Expecting Too Much: Considering being your own boss is anything but "work".
While you may have the liberty to make lots of your own decisions, you'll also have much more responsibility, and that means learning the best way to manage your time (between work and career) like never before.