The following 4 Tips on How to Handle The Challenges of a Home-Based Business will help you to separate and concentrate on the tasks at hand:
1. Setting business expectations:
Maintaining a set schedule is imperative to any business especially a home based business. It will keep your days organized and provide a routine momentum. You’ll find that your business will be easier to manage.
2. Setting family expectations:
We all know that family needs are unpredictable, which is a fact of life. However, the beauty of working at home is that it becomes that much easier to partake in any situation right there and then while still running your home-based business. Nevertheless, it is also important that your family understand when you are available to them vs. when you’re not due to business needs. Therefore, by keeping a family and business schedule helps identify between the two.
As a work at home mom, I tend to keep a balance between business and family needs by working in the early am hours of the day, before my family awakens, and late hours after they are asleep. This system works for me by allowing me to be there for them in between my busy schedule. You MUST find your own balancing act if you want to keep sane. You should also make time for yourself and your significant other.
This is another important element to the sanity mixture of running a home based business. We all know that as soon as you start a business, you will receive a mountain of correspondence from various federal and provincial agencies and not to mention an assortment of advertising mail, which may or may not be of interest or value to you. Let’s not forget your regular mail that comes in too. So, if you organize your home-office properly from the very beginning, the paper work won’t bog you down and you won’t feel too overwhelmed.
The following methods help me stay organized and can help you as well:
4. Maintaining accurate filing records:
You will need a four-drawer filing cabinet for storing your business records. Keep all your business and personal information separate. Finding documentation should be a breeze if you keep important documents organized.
Allow lots of room for files. Buy suspension frames for each drawer and legal-sized hanging files and file folders. Add tabs to the file folders for easy visible identification. You should place the files you use most into the top drawer. Establish the following hanging file and file folder for the following and add to it as your business needs change:
- Federal Papers
- Licensing Agencies
- Cash expense file for business expenses
- Sales invoice
- Advertising file
- Bank statements
- Business start-up costs
- Financial for monthly accounting papers
- Contacts and follow-up
Each day as soon as your mail arrives, open it. Make piles for accounts to be paid, checks to be deposited, advertising, and other important items. Tackle one pile at a time. Do the same for your personal mail as well and soon you’ll find the rhythm to keep on top of a weekly routine to achieve your goals.
An effective balance of home and work life is something for which every working professional strives. Being self-employed has its definite advantages, but sometimes it can be hard to spend enough time with your family and friends while you are busy devoting time to building your business.
My desire is that the above points will help you handle the challenges of a home based business while balancing your family life with the utmost love, respect and the greatest and highest degree of sanity.
About the author:About the author: Sonia Colon is writer/publisher of My Fashion E-Mall Blog, The Biz Buzz of A Latina Mom and biz owner at Books About Me. For additional powerful business articles and Internet marketing tips for maintaining a lucrative home business subscribe to her newsletter below.
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