A staggering 70% of all Australian small businesses are home based! That’s a lot of profit making businesses choosing not to rent or buy premises. And gone are the days when people think of home based businesses as “cottage industry” or “hobby businesses.” From my experience, home based operators are mostly made up of 5 styles of businesses.Start-up businesses who don’t want the additional overhead costs in the early stages of their growth
People intentionally capping the size of their businesses so they can fit it around their personal needs or family commitments
Online businesses with online shopping carts where there is no need for a shopfront at all. Perhaps needing storage and distribution channels instead.
Consultants with established client bases who generally work with clients at their premises.
Service providers like lawn mowing contractors, window cleaners and mobile hairdressers who complete all their tasks at a client’s premises – only needing to keep their bookwork up to date from home.I’ve canvassed a lot of home based business operators over the years I have been a small business owner, and these I hear are the 6 most popular reasons that business owners choose a home office set up:1 FlexibilityThere is no-one dictating the time the doors will be unlocked at a commercial premise, and if you plan to play golf every Wednesday, then your diary is full on Wednesdays.2 Family friendlyMany home based business owners organise their working week around school and family activities, so it poses no child care logistics and explanations for getting in to work late on any given day.3 Controlling your own destinyThere is no boss to answer to, no routine in particular to escape and no hard and fast rules of corporate life to adhere to.4 AutonomyMany home based business owners have told me the flexibility to change their core business to suit their clients’ needs keeps them interested and engaged. Plus you can morph your capabilities into new markets quite quickly if the economic climate changes or you choose to branch out more.5 Choice of clientIt is very cathartic to sack a client you find difficult to work with, and it is often the client whose expectations are unreasonable. Instead of being locked into nurturing company accounts, you can “choose your own adventure”.6 The uniformHow do you want to present yourself to the business world? If it pleases you not to be suited up then that is your decision to make. On the flipside if you are not meeting clients, then you choose how casual you dress for the day – any day not just Fridays.Of course all of these choices can become your downfall if you don’t exercise discipline, plan your time, network to source clients, form alliances and joint ventures where appropriate and complete work to the satisfaction of your customers. So… what works perfectly for some can be the reason another goes out of business.If you are contemplating a home based business, think carefully if you will manage the isolation and the self-discipline that goes along with the lifestyle. Personally I love it!
6 Reasons To Choose A Home Based Business Lifestyle
Considerable Factors Involved in Product Creation & Marketing
The niche you have chosen should allow creation of more than one product or service. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts, to complete turnkey solutions; there is no need to worry about spending time on the real products sold to the customer. The main ones are keyword selection, sales copy principles, graphics, affiliate programs, product creation, online payment processing, auto responders, and search engine optimization.
Once you’ve earned money from this type of information product business, you can invest in the creation of your own products if you want, or start offering more informational products that allow you to sell your knowledge. But the creation and production costs of a similar big ticket in sequence product, although higher, are still pretty low. A key by-product of this process will be the creation of 3-D, Computer Assisted Design art.
The Association for Financial Professionals permits the following activities for repatriating funds: Research and Development activities, advertising and marketing programs, hiring and training new recruits, acquiring patent and other rights to intangible property, improving transportation, funding capital investments with the purpose of job creation and job retention & funding product responsibility or environmental claims.
It prohibits certain activities like: Tax payments, Payment of executive recompense, Payment of dividends, Redemption of stocks, Debt investments and Portfolio investments. Therefore, before repatriating the money, you must consider whether it is worth or not.
Checklist on what artist and product development necessitate includes: Exceptional vocals, musicianship and/or songwriting skills, Continued education and enhancement of musical skills, Quality equipment, Performance ability, Image creation and maintenance, Plan of action, goal setting, excellent promotion materials including photographs, press releases and artwork, Business management skills, Marketing, Publicity and Promotion knowledge, Online and Offline Professional management, Basic knowledge of recording, producing, engineering, and mastering, Basic knowledge of manufacturing, distribution, and sales online, brick and mortar and air-play, Good choices in members, staff and advisors, Physical and mental preparedness, Basic knowledge of finances, accounting Law and legal issues etc.
The goals for doing so are for the product owner to: Communicate the whole, Determine and communicate when releases are needed, Determine what functionality is sufficient for each release & focus on business value derived from the releases. The delivery team on the other hand will see the whole, learn about the steps to realize the vision, learn the business priorities, provide technical input to the roadmap and provide estimates for the projected features. The salesperson must lead the prospect through the various decision criteria needed in order to secure a sale. Whether your idea is the development of a product, launch of a service business, or even the creation of an event or program for a non-profit, creativity is the root of all entrepreneurial efforts starting with the vision itself.
People quickly learn to spend their time on marketing and product creation, rather than repetitive tasks. Apart from empowering companies and individuals, there should be a particular focus on identifying labor intensive businesses that have the potential to make a significant and positive impact on employment creation as well as those businesses that have a product or service offering for export markets with the final objective of booming local economies.
Supplemental Educational Supports
Sometimes we find as educators, parents, and students that the established educational institutions and services that are in place do not always meet the needs of every child. Sometimes it takes “outside the box approaches” in order to bring necessary concepts/curriculum to individual learners. Some examples of highly effective supplemental/alternative education possibilities include:
1. Private Tutoring
2. Home Schooling
3. Educational Advocacy
PRIVATE TUTORING
Private in home tutoring is an excellent way to provide a child with the one-on-one individualized instruction that they may be needing. With growing class sizes nationwide and less individual attention available for each student many parents are looking to supplement their child’s education with a private in home tutor. There are many benefits to having a private tutor come to your house such as; convenient scheduling, customized instruction, increased confidence, and of course increased retention of curricular materials which will result in better grades. The results have proven time and time again that this form of supplemental education is well worth the money spent and it doesn’t cost as much as you might think.
HOME SCHOOLING
Given the reasons mentioned already about the changes taking place in our classes nationwide another popular and highly effective trend in alternative education is home schooling. Home schooling offers parents the unique opportunity to keep an extremely close watch on their child’s educational environment while in the comfort of their own home. There are many resources available to parents who want to home school their child, but may not have the time or resources to do so. Parents can hire private tutors / teachers to deliver curriculum that they aren’t comfortable with in order to enhance the home schooling experience. They can also have curriculum built for them that is tailor made to their child’s educational needs and the learning preferences of the family.
EDUCATIONAL ADVOCACY
When problems arise in your child’s education and you feel that the proper educational services are not being delivered you may want to seek guidance from an educational advocate. An advocate is an expert in the educational process and is able to communicate with your child’s school to ensure that your child is receiving proper educational services. If issues arise in your child’s schooling an advocate has a tremendous amount of knowledge in regards to the educational process and can easily navigate the system to ensure that all the proper services are being used to ensure their academic success.