Creating a Plan to Operate a Beading Business from Home
Whether this is your first time entering the entrepreneurial realm as a beading business owner or you already have a company up and running, many people tend to mull over the idea of operating from home. Although manning a home-based company isn't for everyone, it can be profitable and successful for entrepreneurs who are willing to spend the time to develop a viable business plan.
"One of the downfalls to being a home-based business is that if you wanted to, you could always be working," Shop Around Tours business owner Deborah Mayer told Inc.com. "When I first started Shop Around Tours, it was so important to build the business, so whenever the phone would ring, I would answer, no matter what time of night it was. After answering a call in the middle of the night and one at 6 a.m., I decided I wasn't going to do that anymore and resolved to answer the business phone during business hours."
|Before making the final decision to run your beading business from home, Inc.com says there are a few things you need to consider. First, how will your family or those you are living with adjust to your business in their space? Although this might seem like a minor concern, think about how your business will affect your loved ones and vice versa.
Along the same lines, you will need to ask yourself if you have the room to operate your beading business from your home. In order to be successful in your humble abode, it's important to have your own room (or two) to dedicate to office matters. On that note, will you be able to get away from your family while trying to do business?
If you have children or other obligations, such as having to walk the dog every couple of hours, you might find it difficult to concentrate. In turn, this can result in a lower productivity rate. The most successful at-home entrepreneurs are those who know how to balance their personal and work lives.
Creating a plan to operate a beading business from home.
Keep in mind that if you choose to run your beading business at home, you may still need to meet with clients, distributors and manufacturers from time to time. That being said, your little office might not be the greatest place to do so.
After considering the basics about the environment you'll be working in, Entrepreneur.com says that the next step is to create a business plan that falls in line with exactly what you want to accomplish as a home-based company. This plan should include everything from short-term goals to deadlines that will help you work toward achieving your objectives.
Although it might seem like you don't have the time to invest in a detailed business plan, remember this--your plan will serve as a road map along the way. Having a definitive plan can help you when you run into obstacles in the future.
As a beading business owner working from home, you'll likely still face the same pressures as entrepreneurs who have a storefront. This means that you will gain more responsibilities over time, some of which will cause you stress. In these instances, storefront owners have the opportunity to hire staff members to help them operate their businesses.
Needless to say, it would be a little silly to try to hire employees to come to your home daily and work for you. However, you are not out of options as a beading business owner working from home. Entrepreneur.com notes that you may want to consider outsourcing. This means telecommuting with people who are interested in picking up contract or freelance jobs. Although these aren't people that you will be seeing on a daily basis, they constitute as staff that can relieve you of some of the anxiety that comes with being an entrepreneur.
In reference to telecommuting, it's also important to utilize technology to the best of your ability in order to make sure things run smoothly. With the number of cloud systems and video meeting software on the market, there's no reason why you shouldn't be using technology to further your beading business. In addition to making it easier to telecommute with your workers, you can also meet with clients and distributors through these resources.
Although it may seem like a cake walk to operate a beading business from home, keep in mind that it comes with just as much responsibility as working in an office space. While it may be comfortable to make business phone calls in your pajamas, your desisions and business-interactions are just as important as they would be if you were making them from a storefront. With a little bit of organization and creativity, you can make the most of the opportunity to operate a business from home and grow as an entrepreneur.
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