7 Home Business Start Up Tips To Get Your Home Based Business Off To A Good Start!
An article from guest blog writer, Matt Press, Splash Copywriters, looking at some home business start up tips to help you get started with your home business.
If you are looking for some home business start up tips to help you with the running your own home based business, or you’re thinking of starting a new venture from the comfort of your house, you’ve probably heard this statistic:
According to Bloomberg, 8 out of 10 entrepreneurs who start a business fail within the first 18 months.
That’s 80%. It’s a telling statistic. By implication, it is the first few months that are most critical.
Set up your home business correctly and you merely give yourself a better chance of lasting the course. Don’t and you’re doomed to fail before the ink’s dry on your certificate of incorporation. Here are 7 home business start up tips to make sure you get off on the right foot.
Home Business Start Up Tips – 1. Be Professional.
Have a routine. Work from an office area at regular times of the day. If you take a sloppy attitude, it will show.
Note from Mark Ford, Home Business Coach: I have found this home business start up tip to be very true. Having a dedicated home office and work space has helped me maintain consistency in taking action daily to build my home business. Couple that with working to a daily method of operation, a routine and a work timetable and productivity shows it’s happy head!
Home Business Start Up Tips – 2. Advertise.
For many people, marketing seems like a chicken and egg situation. They can’t afford to spend much on advertising until the home business is turning over a certain amount of money, yet that won’t happen unless the customers start coming.
Speculate to accumulate. Take business risks. It’s what entrepreneurs do.
Note from Mark Ford, Home Business Coach: That said, there are many ways to do free advertising and create a marketing budget by using your existing skills. If you would like to reach out to Mark Ford on this contact Mark Ford at this link.
Home Business Start Up Tips – 3. Don’t be hamstrung by a business plan.
While it’s important to have a thorough home business plan, don’t worry if things go off-course. The world is changing every day. Situations change. Parameters change. Make sure you’re moving according to your industry’s demands and not having your strategies dictated by a Word document that you created 6 months ago.
Note from Mark Ford, Home Business Coach: Whilst we must not be tied to the document to the finest detail, I have found that working with a timetable, a daily method of operation, scheduling calls with clients and making sure I am organised helps me maintain productivity in my business and each day move the business forward a bit more to help achieve my goals. So, have a home business plan, but don’t be hamstrung by it.
Home Business Start Up Tips – 4. – Be positive.
Business is tough and your profits probably won’t just keep going on an upward trend. There will be peaks and troughs but, as the adage goes, you’re going to learn more about your business through adversity. Take the lessons as they come. So long as you learn from stuff, that’s all that matters.
Home Business Start Up Tips – 5. – Keep Your Overheads Down.
Every successful home business budgets well. Working out of your home is brilliant and could save you a fortune – just make sure it does. Don’t offset your office rental savings with lavish overspending.
Thought from Mark Ford, Home Business Coach: keep your overheads down, yes, but still develop a budget to invest in your ongoing education.
Home Business Start Up Tips – 6. – Take the bird’s eye view.
It’s crucial that, in order to progress as a home business, you don’t become too consumed by your business or personal brand. Don’t spend every waking hour working in your home business. Products and services are important, but that’s only the here and now. Delegate if possible and ensure that you’re working on your business too – identifying ways to innovate.
Home Business Start Up Tips – 7. – Appearances Matter.
Working from home might suit you, but does it suit your customers? Don’t come across as amateurish – your brand will still need the respectability of things like a proper email address, letter heads etc.
Matt Press – Splash Copywriters Accreditation
Working through his company Splash Copywriters, he creates content and delivers marketing, branding and Search Engine Optimization (SEO) advice to businesses of all sizes. Learn more about Matt Press and his copywriting services over at his website > Splash Copywriters <
I wish you every success in your home business.
Mark Ford, Home Business Coach, Entrepreneur, Digital Marketer & Information Publishing.
Registered Office: Nice Money Publications Limited, Newport House, Newport Road, Stafford, Staffordshire, ST16 1DA, United Kingdom.
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Thought for the day: home business start up tip, just get going here.