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Here’s How To Run A Business From Home

Here’s How To Run A Business From Home

Having a home-based business is a growing trend, but keeping it organized may be difficult for some. Each simple tip included in this blog post explores new and unique solutions to help business owners improve their business. The tips below will help you create a firm foundation for your business, while giving you proven information to help you plan and grow.

Being a business owner from home might not be easy, but it can be a very successful form of entrepreneurship. According to the Census Bureau, more than half of businesses in the United States are home-based. Some of the most recognized brands like Apple, Ford Motor Company, and Mary Kay Cosmetics all started as home-based businesses. Here are five tips that will help you develop, grow, maintain your business from home:

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1. Keep Work-Life Balanced with a Dynamic Working Environment

Creating the right working environment will be pivotal to your success as home-based entrepreneur. First, you should find a place that is quiet and separate from the living areas of your home, so that you aren’t distracted when working. Once you’ve found the perfect spot, turn it into your office. Make sure it is equipped with all of the tools, technology, and resources you will need to keep your business organized and efficient. Try to keep your work area as a place for work-related activities only.

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  • Plan time away from home. If you are an author, you might try spending time at a Starbuck or some place similar writing where you can sit comfortably. I like to schedule my time on Sunday afternoons and write for 3-6 hours.
  • Balance out your life by doing something that’s opposite of what you do in your business. If you are analytical in your business (i.e., programming, accounting), then do something creative in your downtime. For instance, I’m a web developer and in my downtime, I like to write paranormal romance novels.

2. Build a Stronger Business with a Virtual Assistant

Understanding that you can’t do everything on your own is one the most important lessons entrepreneurs must learn. Hiring a virtual assistant to help with tasks that need to be completed for your business can be very beneficial. VAs can be found using services like UpWork.com, which connects businesses with independent contractors. Delegate small to moderate tasks to your VA, so that you can focus your energy on accomplishing major objectives for your business.

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  • Create a list of team members that you will need to keep your business strong and that you are open to outsourcing some of your tasks to.
  • Use services like Freelancer.com or Upwork.com to find virtual team members. You can post jobs that would help your business grow. When you choose specific tasks that you want to outsource, you can assign them to your virtual team members.
  • If you choose to use Google Apps, set up generic email address such as [email protected] so that you can reuse the email addresses in case you have a team member who needs to be replaced. Then you can just change the password for the new team member to use.

3. Stick to a schedule

Plan a work schedule that you can stick to. Try to start and end your day at the same time so that you can become accustomed to focusing strictly on getting work done for your business during those hours. Online tools like Google Calendar, Asana.com, and Teamwork.com can help you set deadlines for task and plan your work days. There are only so many hours in a day, so time management is a vital skill to grasp.

  • Set business hours that work well with you keeping a work-life balance. When you have set hours, you, your team, and your clients will understand when you are available for business.
  • Keep your team members abreast of any changes in your schedule. Especially if you have a personal assistant, you can share your calendar with them. By keeping them in the loop about your changes, it will help them manage your calendar better.

4. Use tools that can help your grow your home-based business

There are many tools available to home-based business owners that can help your business run smoothly. One resource is The Small Business Administration (SBA), which offers business owners tools to help get businesses off the ground, including developing a business plan. Google is another resource that offers assistance to business owners. Below are a couple of the resources that can help you research your industry, and even connect with others via startup communities.

  • Check out the business plan building tool that the SBA offers to help you Build Your Business Plan. The SBA Business Plan Builder will help you map out your business step-by-step. In fact, the SBA will also teach you how to manage and grow your home-based business.
  • Use Think With Google (TWG) to do deep research for your specific industry. You will find that they can provide data research, trends analysis, forward-looking perspectives and behind-the-scenes looks at digital campaigns — across industries, platforms and audiences.
  • Checkout the startup communities provided by Google For Entrepreneurs website. Their focus is to create startup communities for entrepreneurs where they can learn and work.

5. Operate your business as a legal entity

According to the SBA, registering your business name is a key step to legally operating your business, and will allow you to receive certain aid from the government. Once you’ve established your business as a legal entity, you should be able to access any federal and state licenses and permits you will need to run your business. To learn about the law and regulations that may pertain to your business, visit the SBA’s website at sba.gov. These five tips will help you grow your business and keep you from being overwhelmed by your home-based business.

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Kim Beasley

CEO/Business Visibility Strategist

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Last Updated on March 12, 2019

20 Inspiring Vision Statement Examples (2019 Updated)

20 Inspiring Vision Statement Examples (2019 Updated)

There is normally a lengthy list of things you need to consider when starting a business, and if you don’t manage them properly, your excitement can quickly turn into overwhelm. What can support you to stay inspired and on the right track when starting out? You guessed it: this is your vision statement.

What Is a Vision Statement?

A vision statement is like a photograph of your future business, which gives your business shape and direction.

A vision statement provides the direction and describes what the founder wants the organization to achieve in the future; it’s more about the “what” of a business. It is different from a mission statement, which describes the purpose of an organization and more about the “how” of a business.

If you were to take a photo of your future business now, what would it look like? What do you want your business to be recognized for one day?

You need to have a crystal clear vision when you start out, otherwise you can get easily lost in deciding the best way forward. When you are making strategic decisions for your business and even daily operation decisions, your vision statement will give you the inspiration and targeted direction you need.

The Importance of a Vision Statement

Without a vision statement, your business will lack motivation to keep going.

If you don’t aim for anything, you might not hit anything. The more specific and clear you are, the better your chances are at seeing your vision turn into reality.

The importance of a vision statement cannot be overlooked; not only does it provide long term direction and guidance, but it also gives you the inspiration and the necessary energy to keep going when you feel lost.

Always keep your vision statement alive by revisiting it regularly and communicating your vision with other members of the team, to inspire and motivate them as well.

How to Craft an Inspiring Vision Statement

1. Dream big and use clear language

An inspiring vision statement should inform a clear direction and priorities for the organization, while challenging all the team members to grow together. Based on our expert sources’ advice, we’ve got some great tips for you:

  • Imagine how you want the business to be like in five to ten years.
  • Infuse the business’ values in the statement.
  • Make sure that the statement is implying a clear focus for the business.
  • Write your vision statement in the present tense.
  • Use clear and concise language.
  • Ensure the statement is easily understood.

There are many different types of vision statements and there is no wrong or right way to do it. The most important thing is to resonate with it. It will always inspire you and give you a clear targeted direction.

2. Get inspirations from the successful companies.

Having researched on a number of successful companies’ vision statements, I’ve shortlisted 20 good examples for the new startups:

Short vision statements made up of a few words only:

1. Disney

To make people happy.

2. Oxfam

A just world without poverty.

3. Ikea

To create a better every day life for the many people.

Quantitative statements are based on numbers, quantities:

4. Microsoft

Empower every person and every organization on the planet to achieve more.

    5. Nike

    Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

      Qualitative statements are based on qualities that you want to have:

      6. Ford

      People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership.

      7. Avon

      To be the company that best understands and satisfies the product, service and self-fulfillment needs of women—globally.

      Competitor based statements – this type is becoming less common, but famous examples are:

      8. Honda – in 1970

      We will destroy Yamaha.

      9. Nike – in 1960s

      Crush Adidas.

        10. Philip Morris – in 1950s

        Knock off RJR as the number one tobacco  company in the world.

        Role Model Vision Statements – using another company as an example:

        11. Stanford University – in the past

        To become the Harvard of the West.

        12. Reach for Success – in the past

        To become the next Tony Robbins in self development.

        Internal Transformations vision statements:

        13. Apple

        To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

        14. Giro Sport Design

        To make sure that riding is the best part of a great life.

        15. Tesla

        To accelerate the world’s transition to sustainable energy.

        16. Sony

        To be a company that inspires and fulfills your curiosity.

        17. Facebook

        To give people the power to share and make the world more open and connected.

          Longer and more detailed vision statement:

          18. Walmart

          To give customers a wide assortment of their favorite products, Every Day Low Prices, guaranteed satisfaction, friendly service, convenient hours (24 hours, 7 days a week) and a great online shopping experience.

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          19. Coca Cola

          To achieve sustainable growth, we have established a vision with clear goals:

          Profit: Maximizing return to share owners while being mindful of our overall responsibilities.

          People: Being a great place to work where people are inspired to be the best they can be.

          Portfolio: Bringing to the world a portfolio of beverage brands that anticipate and satisfy peoples; desires and needs.

          Partners: Nurturing a winning network of partners and building mutual loyalty.

          Planet: Being a responsible global citizen that makes a difference.

            20. Heinz

            Our VISION, quite simply, is to be: “The World’s Premier Food Company, Offering Nutritious, Superior Tasting Foods To People Everywhere.” Being the premier food company does not mean being the biggest but it does mean being the best in terms of consumer value, customer service, employee talent, and consistent and predictable growth.

            The Bottom Line

            Remember, always keep your vision statement up-to-date to direct your company’s actions.

            Remember, once you reach your vision, it needs to be changed. General Motors overtook Ford as #1 automotive company in the world because once Ford’s goal was reached, they never updated it.

            Keep your vision statement alive and visibly in front of you, revisit it and let it help direct your actions and activities. This is the fun part: this is where you get to dream really big and allow your imagination to fly as high as you want.

            Don’t hold back, let your creative juices flow and give yourself permission to explore what is possible for your business.

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            To your success!

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