Archive for January 2014

10 Tips to Help Entrepreneurs Succeed Working from Home

January 24, 2014

Entrepreneurs working from home don’t often face traffic jams.

Succeed Working from Home

As I was recently speaking with one of my clients regarding their business needs, it occurred to me that a number of my clients are entrepreneurs successfully working from home.

Statistics from 2013 indicated that 543,00 new businesses were started each month in the US. Not surprisingly, a huge number  of those new businesses were solo entrepreneurs. A significant  number of them are home based businesses. Again, not surprising. Some entrepreneurs intend to remain home based, while others anticipate moving from the home to larger quarters. Not an unheard of model. Think Apple and Dell computers.

The most recent U. S. Census data indicated that 25% of the work force was self-employed and worked exclusively from home. Contrary to the myth, these individuals were well educated with a median family income of $63,648.00. That’s higher than the median family income of a little over $45,000.00 per year.

The individuals most likely to have home based businesses include accountants, lawyers, consultants, speakers, coaches, and some medical professionals.

However, working from home takes dedication and determination to succeed because the distractions, external and internal, can seem endless.

Here are a few tips that you should consider if you want to succeed at working from home:

  1. Establish boundaries, physical and mental, between work and personal life. This is huge and you will  see that many of the next few tips involve boundaries.
  2. Create a job description for yourself as the CEO of your company, so that you aren’t tempted to wander outside your “zone of expertise.”
  3. Set very specific work hours, post them and stick to them. You  are much more likely to stay on task when you know your beginning, and can plan for the end of your day. It also keeps family members from intruding when you are “on the clock.”
  4. Dress for work each work day. This is psychologically important. You are much less likely to succumb to the urge to take a nap or fix a leaky faucet when you are dressed for working.
  5. Have a dedicated office or work space. This could be a segregated corner of your bedroom if you are a freelance writer or your entire garage if you build furniture.
  6. Invest in the right equipment. Buy the best you can afford.
  7. Remember that you are now responsible for ordering your supplies and keeping your workspace tidy. Set aside specific times to replenish your inventory and to clean the work area. Don’t lose valuable work time with pop up trips to the office supply store or searching through unfiled papers for information.
  8. If you work from home and you are a  solo entrepreneur, you cannot do it all.  It is still important that you build an essential power team for both your personal life and your business. For example, have an accountant, a lawyer, a virtual assistant and a business solutions company on your team. Have a reliable babysitter or day care on speed dial for those spur-of-the-moment business meetings.
  9. Close the door to your home office. No one should know that you are working from home unless you want them to. A closed door will keep out noise and unwanted interruptions.
  10. Don’t forget to take routine breaks! Eat lunch, get a snack, take a short walk.

These tips are just a few of the suggestions that you can follow in order to succeed at working from home. Working from home can be a challenge, but your reward is a thriving business that you build for yourself and for your family.

I encourage you to leave suggestions on the techniques and tips you have found useful for succeeding as an entrepreneur working from home.

Be Exceptional!