The secret to business success is simple. Forget about profits and focus on your mission. When you develop a compelling vision, you’ll serve your customers well, and the wealth and success you dream about will show up automatically.
This is a secret that you can use to get your home-based business off to a wonderful start. Discover your vision by asking yourself why you’re starting a home-based business in the first place. Is it a side hustle to earn extra money, a way to escape a soul-crushing 9-5 corporate job, or an alternative to unemployment or underemployment?
Whatever your reasons, use them as a basis to build your vision.
The best way to ensure business success is to deliver results, and for this you’ll need to select the best B2B services to reduce your stress load and automate many aspects of your business. Using the right service will increase your chances of business success.
Still, before figuring out how you’re going to delight your customers, you first need to set up your business the right way. So, you’ll need to follow a few golden rules.
The 3 Golden Rules
The 3 golden rules are simple: Set up the structure of your home business the right way, equip your home office with all the tools you’ll need to run your business, and create a daily workflow process to guarantee high productive.
Golden Rule #1: Set up the structure of your home business the right way.
First, choose a business name and select the most appropriate legal structure for your business. Research the legal steps you need to create a business entity.
Next, establish a website presence…by building a website, a blog, and a social media network.
Finally, create a professional corporate business image. This is essential because many lenders consider a home business to be a hobby–and won’t lend you money or offer you a line of credit. Customers too are suspicious of someone working from home, suspecting a fly-by-night operation. Does this mean that you have rent a commercial office to be taken seriously? Not at all.
A viable alternative is to use a service like iPostal1 to get a mailbox location with a real street address. As far as the public is concerned, you’re operating your business out of a regular business office. For a small monthly fee, this mailbox forwarding service will allow you to send and receive mail.
Golden Rule #2: Equip your home office with all the tools you’ll need to run your business.
While you can work anywhere in your home with your laptop, it’s always a good idea to set up a home office.
First, when you designate a part of your home to run your business, you’ll be able to ask for a tax deduction for a home office.
Second, it will be a central place to keep all your office equipment, stationery, and paperwork. And, of course, you don’t always have to work out of your office. You can work on your laptop from anywhere.
Here is a short list of suggestions on how to equip your home office for optimum functionality:
· Basic office furnishings, stationery, and equipment.
· A high speed internet service.
· A Wi-Fi network so you can work from anywhere in the house.
· Computer equipment and devices.
· All the necessary software.
· Social media accounts for virtual networking.
· A cloud service provider–migrate to cloud computing if your business needs access to high-end hardware and software.
· Cloud storage if you need plenty of data storage.
· A video conferencing system to talk to overseas clients, business partners, and vendors.
· An email marketing provider to deliver your ezine.
Golden Rule #3: Create a daily work-flow process to stay highly productive.
Use these 4 strategies to stay organized and productive during office hours:
1. Create a business plan to figure out the details of your business.
2. Use accounting software to manage your finances.
3. Get a virtual or paper calendar to keep track of your appointments and tasks.
4. Invest in a time tracking application to stay focused on your big projects.
Build a Solid Foundation
Your home-based business is one of the most effective ways to monetize your unique talents and build financial independence.The secret to doing well with it is to start out right, which will happen when you follow these 3 golden rules to build a solid foundation.