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3 Business Ideas That Will Lead You to Financial Freedom

3 Business Ideas That Will Lead You to Financial Freedom

Most of us work to earn money and improve our living standards. However, the sad truth is that we need money in order to make money. However, not everyone agrees with this notion anymore.

Nonetheless, you cannot expect to live a luxurious life in the US with what most jobs pay. For example, teachers earn around $29,000 in some states, preventing them from living their lives the way they’d like to.

So, what do you do in such a scenario? The easiest option is to start a small business and see where it takes you. Now you may say, “I need money to start a business”. Worry not. There are some non-conventional business ideas that you can start without much savings. Also, they don’t require you to quit your job, as you can concentrate on both, your office job and your new business.

So let’s have a look:

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1. Use The Free Space that You Have

If you have a big house with free space you can use it in a number of ways. You may welcome a tenant, and enjoy monthly rent.

If you do not wish to bear the trouble of dealing with a tenant, you may use the empty space as a warehouse and rent it out. There are a number of companies and individuals looking at hiring space to keep their goods or just to hold business meetings. You will not have much of a trouble finding people interested in your space.

And not just this, you may even use your porch. If you live in a populated area, you may rent out your parking space at an hourly rate. This is a quickly growing business that doesn’t require much from you.

There are many websites where you may get registered and let people enjoy the benefit too. Plus, there are no expenses. You can post an add online, sign up at a website that helps you get in touch with tenants or just set up a banner outside of your house.

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2. Provide Training

If you are good at anything, you can use it to earn money. People all around the world are willing to learn, all they need is a tutor and you can be one.

For example, if you are good at makeup, you can start to teach makeup at your place or even online. This is a fast growing industry and some makeup artists are making millions. Some like Huda Beauty have started their own fashion line even, so the potential is unmatched. You may even become an MUA and offer your services to others.

However, makeup is not the only thing that you can teach. If you’re good at art, driving etc., you can start teaching that in your free time. However, some of these may require proper education and licenses so make sure to check with your local authorities before you begin your new business.

3. Start a Virtual Business

The Internet has billions of users, and the best thing is that you’re not limited in any way. It doesn’t matter where you live, you can reach everywhere with the help of the internet. All you have to do is come up with a saleable idea and go with it online.

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The good thing is that you do not necessarily have to sell a product to earn online. You can just have a blog and share your thoughts online and turn it into a business. There are several ways of doing so, they include:

  • Earn from advertisers
  • Become an influencer
  • Become an affiliate

All these ideas have a lot of potential, however, the right option largely depends on what you are capable of. For example, you can earn thousands from advertisers like Google Adsense, however, it’s beneficial only if you have a large number of visitors.

And to be able to reach a wide audience you will have to spend on online marketing and provide your users with quality content. On the other hand, being an influencer requires a lot of time and effort. It’s about getting so big on the web that people are willing to pay you to speak about them.

Lastly, the option to become an affiliate doesn’t require much. Concepts like multi-level marketing are also quickly growing and have changed people’s fate. The concept revolves around selling products using your website and even offline means to earn a commission. This may not look like a very good idea on paper, but a number of people have turned it into a successful business.

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Conclusion

These three small business ideas are non-conventional and anybody can start them. However, don’t get confused, concentrate on one that you think you can do the best.

For example, if you like to be on the web then you should consider going online and start doing something in the virtual world, and if things go great you should consider streamlining your business by setting up a sole trader or limited company, but before that you should be aware of advantages and disadvantages of forming a company, and be sure of what works for you in a given situation.

Lastly, if you think you work better as an entrepreneur, then consider other options. They may not look like major ideas, but they have the potential to be big if you work hard.

Featured photo credit: newsweek.com via s.newsweek.com

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Ahmed Raza

CEO of Samurais.co

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Last Updated on January 21, 2020

How to Increase Work Productivity: 9 Ground Rules

How to Increase Work Productivity: 9 Ground Rules

We all have those days when completing our assigned tasks seems beyond reach. With the temptation of social media, mobile games, and the internet in general—not to mention the constant bustle of people in the office—it’s easy to fall prey to disruptions and distractions at work.

So, what can we do about it? How to be productive at work?

While we don’t have a foolproof system that can completely eliminate disturbances and diversions, we do have 9 ground rules that can be applied to help give your productivity levels a boost.

Keep reading to find out our tips on work productivity.

What Does It Mean to Be Productive?

How to be productive at work?” is the age-old question plaguing employees and employers alike around the world. Regardless of where you work and what you do, everyone is always looking for new ways to be more efficient and effective.

But what does being productive actually entail?

Completing more tasks on your list or working longer hours doesn’t necessarily mean you’re being more productive. It just means you’re more busy, and productivity shouldn’t be confused with busyness.

Productivity means achieving effective results in as short amount of time as possible, leaving you with more time to enjoy freely.

It involves working smarter, not harder. It means refining processes, speeding up workflows, and reducing the chances of interruptions.

Productivity is best achieved when looking at your current way of working, identifying the bottlenecks, flaws, and hindrances, and then finding ways to improve.

9 Ground Rules on How to Be Productive at Work

1. Avoid Multitasking

Multitasking can give the impression that more tasks can be accomplished as you’re doing multiple things at once. However, the opposite is true.

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Research has shown that attempting to do several things at the same time takes a toll on productivity and that shifting between tasks can cost up to 40 percent of someone’s time.[1] That’s because your focus and concentration is constantly hindered due to having to switch between tasks.

If you have a lot of tasks on your plate, determine your priorities and allocate enough time for each task. That way you can work on what’s urgent first and have enough time to complete the rest of your tasks.

2. Turn off Notifications

According to a Gallup poll, more than 50 percent of US smartphone owners admit to checking their phones a few times an hour.[2]

Switching off your phone—or at least your notifications—during work hours is a good way to prevent you from checking your phone all the time.

The same applies to your computer. If you have the privilege of accessing social media on your work desktop, switch off the notifications on there.

Another good tip is to logout from your social media accounts. Therefore when you feel the urge to check it, you might be swayed because your page isn’t so easily accessible.

3. Manage Interruptions

There are certain disruptions in the office that are unavoidable such as your manager requesting a quick meeting or your colleague asking for assistance. In order to deal with this, your best approach is to know how to handle interruptions like a pro.

Be proactive and inform the people around you of your need to focus. Turn your status on as “busy/unavailable” on your work chat app.

If you’re on a deadline, let your colleagues know that you need to concentrate and would really appreciate not being interrupted for the moment, or even work from home if that’s a feasible option for you.

By anticipating and having a plan in place to manage them, this will minimize your chances of being affected by interruptions.

4. Eat the Frog

Mark Twain once famously said that:

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“if it’s your job to eat a frog, it’s best to do it first thing in the morning. And if it’s your job to eat two frogs, it’s best to eat the biggest one first.”

What this basically means is that you should get your biggest, most urgent task out of the way first.

We all have that big, important task that we don’t want to do but know we have to do because it holds the biggest consequence if we don’t complete it.

Eat the frog is a productivity technique that encourages you to do your most important, most undesirable task first. Completing this particular task before anything else will give you a huge sense of accomplishment. It will set the ball rolling for the rest of the day and motivate you to eagerly complete your other tasks.

5. Cut Down on Meetings

Meetings can use up a lot of time, which is time that can be used to do something useful.

You have to wait for everyone to arrive, then after the pleasantries are out of the way, you can finally get stuck into it. And sometimes, it may take a whole hour to iron out one single issue.

The alternative? Don’t arrange a meeting at all. You’ll be surprised at how many things can be resolved through an email or a quick phone call.

But that doesn’t mean you should eliminate meetings altogether. There are certain circumstances where face-to-face discussions and negotiations are still necessary. Just make sure you weigh up the options prior.

If it’s just information sharing, you’re probably better off sending an email; but if brainstorming or in-depth discussion is required, then an in-person meeting would be best.

6. Utilize Tools

Having the right tools to work with is crucial as you’re only really as good as the resources you have at your disposal. Not only will you be able to complete tasks as efficiently as possible, but they can streamline processes. Said processes are essential to a business as they manage tasks, keep employees connected, and hold important data.

If you’re the manager or business owner, ensure your team has the right tools in place.

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And if you’re an employee and think the tools you currently have to work with aren’t quite up to par, let your manager know. A good team leader understands the significance of having the right tools and how it can impact employee productivity.

Some examples of tools that could be used:

Communication
  • Slack for team chat and collaboration.
  • Samepage for video conference software.
  • Zendesk for customer service engagement.
Task Management
  • Zenkit for task and project collaboration.
  • Wunderlist for listing your to-do’s.
  • Wekan for an open source option.
Database Management
Time Tracking
  • Clockify for a free tracker.
  • TMetric for workspace integrations.
  • TimeCamp for attendance and productivity monitoring.

You can also take a look at these Top 10 Productivity Tools to Help You Achieve 10x More in Less Time.

7. Declutter and Organize

Having a disorganized and cluttered workspace can limit your ability to focus. According to researchers, physical clutter can negatively impact your ability to concentrate and take in information.[3] Which is why keeping your work environment well ordered and clutter-free is important.

Ensure you have your own system of organization so you know what to do when the paperwork starts to pile up.

Being organized will also ensure that you know where to find the appropriate stationery, tools, or documents when you need it. A US study reveals that the average worker can waste up to one week a year looking for misplaced items.[4]

Here’s a useful guide to help you declutter and organize: How to Declutter Your Life and Reduce Stress (The Ultimate Guide)

8. Take Breaks

Taking regular breaks is essential for maintaining productivity at work. Working in front of a computer can lead to a sedentary lifestyle which can place you at a higher risk of heart disease, diabetes, and obesity. Even a 30 second microbreak can increase your productivity levels up to 30 percent.

As well as your physical health, breaks are also crucial for your mental and emotional wellbeing. That’s because your brain is like a muscle, the more it works without a break, the easier it is for it to get worn out.

Ensuring you actually take your breaks can prevent you from suffering from decision fatigue. It can also help boost creativity.

Take a look at this article and learn why you should start scheduling time for breaks: The Importance of Scheduling Downtime

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9. Drink Water

Although we know we should, it’s easy to forget to drink enough water during the working day.

Many of us turn to tea or coffee for the caffeine hit to keep us going. However, like taking breaks, drinking water is essential for maintaining productivity levels at work. It’s simple and effective.

Not drinking enough water can lead to dehydration and also headaches, tiredness, and weight gain.

A good tip to avoid dehydration is to keep a water bottle at your desk as it can serve as a reminder to constantly drink water.

If you find the taste of water a little bland, add some fruit such as cucumber or lemon to give it a better taste.

You can also get more ideas on how to drink more water here: How to Drink More Water (and Why You Should)

The Bottom Line

The preceding 9 ground rules on work productivity aren’t the be-all, end-all. You and the company you work for may have other tips on how productivity is best increased and maintained.

After all, it’s something that can be perceived differently depending on the exact job and work environment.

In saying that, however, the 9 ground rules serve as a good foundation for anyone finding themselves succumbing to disruption and distraction, and are looking for ways to overcome them.

A good tip to keep in mind is that change doesn’t happen overnight. Start small and be consistent. If you slip up, just dust yourself off and try again.

Developing habits happens gradually, so as long as you keep up with it, you’ll soon start to notice the changes you’ve been making and eventually enjoy the fruits of your labor.

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Featured photo credit: Cathryn Lavery via unsplash.com

Reference

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