There has never been a better time to earn money by working at home. However, the increased accessibility of home-based businesses does not mean instant success. Individuals who wish to see real results with their home-based business need to be well versed in all aspects of their chosen business. Starting with knowing the product and understanding how to set up a business, entrepreneurs need to go to the next level and realize the value of goal setting.Know Your GoalsThe power of goal setting is tangible in every workplace, from the private sector to the governmental realm. Goals help define purpose and they provide a path to success. For a home-based business, goals should come in many forms, from the number of clients procured in a month to the total amount of money earned. When setting these goals, there are several key factors to remember in order to create goals that engender success.Create Realistic ExpectationsAll businesses should start by being realistic. Home-based business owners should consider the product being offered, the experience needed, and the time being devoted to the business when setting goals. A full-time home-based business should have higher expectations than one only being operated on the side. Individuals need to take into account how much time it will take to get set up and how difficult it will be to build a client base, then scale their expectations appropriately. Some aspiring individuals may set the highest goals possible as a means of incentive. However, unrealistic goals can create a sense of disappointment and futility. If the goals are unreachable, then it is easy to lose motivation to strive for them. Realistic goals can help prevent the feeling of failure that can lead to the demise of even the most innovative home-based businesses.Aim to EmpowerWhile being realistic with goals for a home-based business is important, it is also imperative not to set the goals too low. Goals should be designed for empowerment. This means that the goal must motivate the individual to keep working and pushing to new levels of success. If goals are too easy to reach, it is easy to get lazy and lax in one’s business habits, leading to stagnancy in the business model. It can be difficult to find just the right place to set goals, but it can be helpful to build goals up progressively, with goals that increase somewhat each month. This way, entrepreneurs are continually challenging themselves to reach new heights of success.Build Time for ReflectionOne of the ways to find the right balance with goals is to always allow appropriate time for reflection. Goals should not only be used as a motivation, but also as an indicator of growth and progress. A smart goal will always have a definitive timetable, such as a month or a year. For these goals to be truly worthwhile, individuals must always reflect on the goal at the end of the time period. Things to consider during reflection are whether or not the goal was met, if the goal was too easy or too hard, and what things contributed to or detracted from meeting the goal. By analyzing these factors, it is easy to tailor one’s business model and to make the necessary adjustments to grow in the future.
Plan To Succeed With Information Product Creation: Why You Need To Split Your Process Up
One of the keys to succeeding in information product creation is to break the process up into discrete steps. This frequently isn’t an instinctive reaction for the typical information marketer. Especially on the internet where small sized learning products are the norm.
However, it is extremely important to your ultimate success. In fact, I would go so far as to say that if you don’t do this you probably won’t succeed… even when you are starting out let alone as you move forward.
Your product creation system should do this for you if only to help you to understand the overall task.
But why?
In this article, I’m going to ignore chunking and focus on the practical aspects. That’s not to say that chunking isn’t important. It is. It’s important to understanding and to learning the process. But while you can use the same chunks as you move forward, long term your focus needs to be on the operation of the system not the understanding of it. Unless of course you are constantly training new people!
So why is chunking important to long term use of the product creation process? (Yes, I know systems design uses a different term for this process but I’m not teaching you systems design. So I’m going to use the word learning content designers use.)
The first reason that having individual discrete tasks is important is one of schedule estimation. Frequently it is very difficult to estimate how long the total task of creating a product will take. After all, the size and type of the products matters as does the number of products in your product funnel. And those are just the most obvious elements. However, estimating a discrete task is often much easier. The total can then be estimated as the total of the discrete tasks.
Secondly, scheduling a large task can be problematic. However, by segmenting the task into a number of discrete tasks, you gain a much greater flexibility in scheduling. Not only that but as your business begins to add people you are able to schedule multiple people to the product creation.
Finally, segmenting a large task into smaller discrete tasks allows you to have much better control over the product creation. This affects two different areas — status and quality.
By segmenting your process into discrete tasks you are able to schedule and record the progress at much more detailed level. As a result you are more in control of the status of the product creation. You know what everyone is doing. When they should complete it. And how much it should cost. You also know exactly what has been done.
You also improve your overall quality. Instead of waiting until everything is done you can check quality as you go. This allows you to immediate react to low quality products without absorbing their costs. This means that you have less rework and your rework costs less. And if the product is not going to meet its quality requirement you will know about it in time to stop the development, change the requirement or fix the product.
A Legitimate Home Based Business Is Hard to Find
Robert Kiyosaki, Donald Trump, President Clinton, President Obama and many others understand the dilemma that our country faces. With the way the job market is and people losing their homes and struggling to get by they are all looking for alternative ways to supplement their incomes. What a lot of people are seeking is a legitimate home based business. Many people just want an extra $500-$1000 per month and others want to make big money $10,000 – $20,000 per month. The key question is how do you filter through all the many companies and find what is right for you?When you do find a legitimate home based business, yes you can live a very prosperous life and fulfill all your dreams through network marketing. However, because of the horror stories about people losing their shirts, the industry has been falsely labeled (Scam, Rip-Off, Pyramid). The truth is network marketing does work, however if you are seeking to get involved in one, it is up to you to do your due diligence and research the companies prior to investing your hard earned money. I personally believe that there are far to many companies that are in pre-launch which basically means that the companies are new and they haven’t done anything yet.Being new isn’t necessarily a bad thing, but then again are you playing the stock market or are you trying to build a business that you can call your own and build financial security and freedom for you and your family that will last for years to come. In order to find that legitimate home based business that maybe just right for you: Choose a business that has a product that you believe in, pick something that you would use yourself. Actually most legit companies want you to be a product of the product. After all how can you tell others about something that you have never tried or used yourself.A strong belief in what you do, will carry you a long way in this industry. If you do your homework and choose wisely you will give yourself and opportunity to live the lifestyle that you may have only dreamed of. Imagine being able to travel the world, having a huge beautiful home, nice cars, your children attending the best schools and having your bills paid and money never ever being an issue again.By becoming an entrepreneur and legitimate home based business owner, you give yourself a legit chance for all these things and much more. No-one once to risk their hard earned money on what could possibly be a scam or a rip off. There are however thousands of companies for you to filter through before making your decision. Here are a few signs to look for before you sign up for a new business:1. If the company doesn’t have a physical address, that’s a red flag!2. If the owners of the company have been with 3 different companies in 4 years, that’s a flag too!3. Companies that don’t really offer any product or service, don’t do it!4. Compensation plans that require a Master’s Degree, to understand. Not necessarily a red flag however this can be more trouble than it’s worth when it’s time for you to get paid.5. Companies that offer no training or support, a big no no! Don’t put your money into a new business and then not have a clue how to run it or make money from it.I mean this list can go on and on, I’m not going to tell you that any business will be easy because it’s not. If running a business and making a lot of money was easy everyone would be doing it. You can do it and succeed if you choose carefully and put in the work needed to succeed. You can make your Plan B a reality and have a legitimate home based business of your own, simply put in the work.