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Home Sweet Home Based Business

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It is no secret that I believe at least half of all adults, and some teenagers, should start their own home based business. Even if they have a good job. Everyone knows, especially lately, that a good job can be gone in an instant. So, start your home business in your spare time. Build it into a successful sideline as insurance against loss of that good job. Or, build it into a business that could provide you with as much income as you make at your job, or more. Wouldn’t you like to tell your boss someday “Goodbye, I’m quitting this job to concentrate on my home business. I make more with my business than what you pay me”?

But, I’m getting off track. To be honest, a home business is not right for everyone. And, not everyone is right for a home based business.

A home business, or any business for that matter, takes some degree of skill and knowledge, hard work, persistence, dedication, and focus. And a home business is different in many ways compared to a corporate job or a traditional retail or manufacturing business.

Is a home based business right for you?

Almost every home business has tons of distractions; kids, pets, home maintenance, the “honey do” list. Distractions make it hard to focus. Will these distractions make it so hard for you to focus that you can’t get done what needs to get done in your business?

Running a business from your home makes it hard to separate personal time from business time. The two will overlap a lot and you will either find your personal time eating into your business time, or your business time will take over and you will have little if any personal time for yourself or your family.

Many home businesses will result in loss of face-to-face social interaction with people. Nice chats with coworkers over cubicle walls, or at the water cooler, or over shared lunch breaks are replaced with emails, tweets, or phone calls.

If your home or apartment is fairly small, you may not have the space to set up a separate “office” where you can do your “work”. Your kitchen table might become your “office”.

Most home business entrepreneurs have no regular paycheck. Having a uncertain and irregular income creates its own problems and may require a much better job of budgeting, saving money during the good times, and strict control of expenses.

During the initial year or two of your home business efforts you may not have total family support. If that is the case for you, it may be difficult to keep going until you are as successful as you would like to be.

the Benefits of Business Coaching

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This may sound strange to some people, In simple terms, it is a working relationship between the coach and his client clearly guiding them, through process and procedures which helps to elicit from them answers to their queries. This is a business tactic created in order to guide a the business owner, encouraging him to perform a task, goal, objective in their business better than they would have done if working alone.

The business coach, can sometimes act as a mentor hatching his ideas, utilizing his experiences in business and explaining it to his protégée. The protégée applies the principles, while the business coach interacts. In business coaching, the coach facilitates the ideas and assists the protégée to apply the ideas to its best.

Coaching is usually done on a one-on one process. Like a tutor, the coach usually gives the idea while the learner has to do the talking and reasoning and implementation. The coach simply listens and guides and allows the protégée to apply the idea working towards a specific goal, checking along the way for improvement sometimes a total business over haul would be needed in the process to achieve maximum efficiency and results.

In business management, the support of a business coach is a must. In a world of strong-willed people, business coaching is a method which can actually give positive results compared to other applied business strategies.

The protégée learns the business process in a subtle way, giving him a feeling of importance and making him feel that it was himself who actually delivered the desired output. Making him equipped for his business journey, and boosting his self-confidence as an individual.

Effective business managers should seek the support of a business coach and can as well learn the technique in coaching to support their staff, rather than being an imposing business tycoon. Coaching tools and techniques has been proven as an effective tool in management.

When a business owner instead of yelling and shouting to his workers, learns to listen and allows a free and open conversation from his staff, studies reveal, that the results are far more better

In certain studies, it was found out that the work environment will be happier. Workers will be more confident and secure, they are also given the chance to interact and render their opinions openly.

Listening and open conversation is associated with business coaching strategies. Through this method, workers will actually learn how to sincerely love their work and not just to work for money.

A Guide to Getting Your Business

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First off, what is a certified minority-owned business? Who is eligible?

A certified minority-owned business is a business that is supported by the government economically and socially. It is designed to aid minority groups in the United States by providing business solutions for those eligible and assist in distinguishing its brand identity. To be eligible, you must be a U.S. citizen, at least 25% Asian-Pacific, Black, Hispanic, or Native American heritage, and have proof of your minority through documentation. In addition, 51% of the company’s stock must also either be owned by its owners, managers, or operators to be considered.

What’s the big fuss, why get certified?

For one, people want to do business with minority owned companies, including the federal government, corporations, and state agencies. The reason being, departments, corporations, and companies must fulfill a certain funding percentage to minorities. Not only must a quo be met, many large companies seek to buy from minority-owned suppliers. By getting certified, you are making your business more marketable.

Secondly, having this business certification will guide you to more public and private sector programs and opportunities. Public and private firms search for minority-owned suppliers. By not getting your business certified, you are limiting your business to fewer marketing and business development resources and opportunities.

Thirdly, these businesses are important to its customers. See if you qualify and build up your support base. Be one of the businesses that contracts with the government and receive tax dollars to help your business thrive.

How can I get my small business certified? Are there more programs and perks?

If your business wants to connect with private-sector buyers, simply contact NMSDC’s (National Minority Supplier Development Council) 37 regional councils. NMSDC will provide you with a standard application process along with requested verified documents. The council has many corporate members, including Marriot and Microsoft, and connects to over 17,000 minority-owned suppliers. If you pass the certification regulations, your business may participate in an advanced training program, the Business Consortium Fund’s Working on Capital Loan Program, and many NMSDC business opportunity fairs.

The Small Business Administration’s (SBA) Business Development Program helps minority-owned businesses win contracts in the public sector. In order to be approved, the business must be at least two years old and demonstrate its potential for succeed through its tax returns for proof of revenue. Simply register with the Central Contractor Registration database, then follow the SBA’s instructions, and you may be eligible for free one-on-one counseling, specialized business training, and marketing assistance through the local district office. The 2008 training even included programs on developing cost proposals, government contract negotiations, and contract law and the legal aspects of owning a firm.

Business Ideas For You To Start Your Home Internet Business

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There are many great home business ideas on the internet but it takes time and patience to do some good research for those ideas. Each day the internet opens up new opportunities for us to make money by providing solutions to other people’s problems. Take advantage of that to start your own home internet business.

Most of the great home online business ideas require you to be smart enough to make money online. You have to take action by acquiring knowledge and skills through self-help learning, trainings and support programs. Take action by spending some time to work on your business and at times some money to invest in your business. Before you start your home internet business, ask yourself the following questions:

1. Do I have the courage to start a home internet business? To succeed in online business, you have to be self-driven, hardworking, passionate about your business, persistent and able to take action.

2. Do I love reading? Most successful online marketers started their online businesses with scanty knowledge but through reading and learning from others, they became experts and are now earning good income. Like other newbies, you will have a lot of information to read before you become knowledgeable, skilled and conversant with doing online business.

3. Do I have the time? You have to allocate ample time everyday to work on your business. You need to create time. Remember 99% of the time is within your control.

4. Am I able to spend some little money? Although you can start a home internet business on a shoestring budget, you should bear in mind that business is all about investment. What are you investing in your online business for you to earn what you expect to get from it?

What do you need to start a home internet business?

The following are 10 great home business ideas on what is exactly needed for you to start your home internet business.

1. A computer and internet connection. It’s obvious that you cannot do any online business without having a computer and access to the internet.

2. A website. You can only start a home internet business if you have a website. There are mainly 2 ways of having your own website set up:

I. Designing your own website. You can learn the HTML (the web designing language) to design your websites. Look for web designing e-books on the internet and teach yourself. Learning to design your own websites is a great home business idea I strongly recommend to you.

If you find it difficult to learn, like most people do, then hire a web designer to design it for you at a cost.