Thu 31 Jan 2008
To be successful, a small business must have a clear plan and well-defined goals. Even if you are running your business from home, you need to set goals and work to achieve them.
Below are a few tips for setting goals for your home business:
Separate Your Home and Office Life
Once your children and your spouse understand the importance of your business, you should establish a routine that works for you - and them - so that you aren't distracted by chores and family demands on your time while you are working. Your office and home should be seen as two distinct components, even if they are under the same roof.
Make it clear that you are not to be disturbed during certain times of the day, by anyone. It may be necessary to have a separate entrance for your home and office, so that there are no interruptions when you are with a client
or on the phone.
Write Down Your Goals and Match With Your Plan Accordingly
Put your thoughts in writing. If you are working to purchase a company car or a new home, then write these goals down along with a concrete plan as to how you plan to achieve them. Match all your goals up with real statistics
from your business, so they will be accurate and reliable.
Profit margins, expenses, and savings should be included in your goal-setting. This will give you an idea as to when you will be able to achieve them.
Put Your Plans into Action
If you have a goal of increasing your sales by 10% in the current year, then try different methods of marketing and see which one works for you. Go the extra mile to achieve your goals if necessary. Simply writing your goals down on paper is not enough. They will only happen if you make them happen.
Running a small business from home has obvious advantages and disadvantages. However, if you concentrate on achieving your goals, then you will achieve them faster than you had imagined.