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Shvoong Home>Society & News>News Items>featureswriting Summary

featureswriting

Article Summary   by:adapa    
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Home Business - How to be a boss of yourself Who doesn't like independence?All of us crave to be master of our destiny. We want to make our decision. We want to set our objectives and we like to choose the way we can achieve those objectives. We want to choose our work and our working hours. Some of us might be particular about who do they work with. We want to accomplish work that matches our qualifications, aptitude, passion, temperament, professional competence and experience. We want an ideal balance between our personal lives and our professional life. We want that elusive sense of pride, satisfaction and monetary rewards from what we do day in day out. And if these criteria are not enough, we want to work from our home. Sounds familiar? Welcome to the exciting world of home business entrepreneurs! Run a realty check on yourself Before you start looking for the ideal business opportunity there are crucial question that need specific answers. They are necessary to determine your priorities and this initial spadework will increase chances of your success. So ponder well and the answer the following questions after much deliberation. Your answers will help you spot the right business opportunity. How strong is your commitment to start a home business of your own? Do you have the iron will, and steely determination to surmount the number obstacles that will invariably test you before you succeed? Would you put in that extra ounce of energy after you have spent it all? Only committed individual would answer an emphatic yes here. And they are the ones more than likely to succeed. Have you sold anything so far? Let’s face the fact that backbone of any business is selling. At the end of the day, it is invariably about selling a product or service or smile! You must have a cheerful attitude of a diehard sales person. You should be unfazed after 53 rejections, 43 cancelled appointments, 37 cold calls or 15 personal visits that required you to driven 50 miles to make a sale. These tests of endurance are part of almost any business venture. They happen to anyone before she meets a real customer who is interested in what she wants to sale. Madcap cofounder of www.tripod.com and author of the best seller Smart or Lucky have mentioned his most successful salesperson in the book. This master salesman would never take the rejection personally. The process of sales starts with a clear no from the customer. The real sales efforts after that; he has written in the book. Do you like to be in driver's seat? Any business, whatever be it from your home is about making decisions. Some of them could be tough decision indeed because each decision will have distinct consequences. Do you start small or big? How do you price your product or service? Do you extend credit to certain limit for a certain customer? How much would you pay to your support staff or affiliates? Do you stock the product yourself or you subcontract it? Where do you keep your warehouse? Making such decision requires guts and even temperament.
If your answer is yes, you are on your way to run your home business. What kind of person are you? Your inherent nature and temperament will determine the kind of business you are most likely to succeed. If you are a person with excellent communication skill, you could capitalize on it by doing a business that can flourish on human interaction and personal chemistry. If you love children, you would know what kind of stuffed toys a three-year-old kid would love. Use all the avenues to find the best opportunity:Now comes the easier part of actually finding the ideal opportunity that matches your profile. Read hands-on books on the business you have in mind. Go through old issue of business magazine like Entrepreneur and Home Business. Also, why not use the most powerful tools to spot a business opportunity that is ideal for you? Use Internet. There are hundreds of search engines with millions of site giving wealth of information. Get familiawith profiles of your customer. Understand the nature of your business.Check the price of raw materials and cost of labor you might need for your business. Calculate your risks carefully. Make your business plan. The knowledge you acquire from leading sites is invaluable investment that will prepare you like nothing else. You will come across many home business entrepreneurs who started just like you and succeeded. You will also know the pitfalls to avoid. And how to maximize profits avoiding mistakes they made and using the tricks they invented. Be open and enthusiastic when accepting ideas. Now that you have the exact feel, of what are you getting into start your own search? Choose the search words carefully and put them in search engine such as www.yahoo.com, www.aol.com, www.google.com www.hotbot.com and www.lycos.com. They are well known for their reliability and they will provide more information and choices than anyone might need. Distill the information. Compare the opportunities with your risk taking ability, professional competence and market you could serve. Be mindful of the time you would be able to devote for your business. Give all your commitment, energy and time. Success could not be far behind!
Published: October 13, 2006   
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