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Building a Business at Home
As the downturn continues to bite and job prospects become more limited, more women are turning to ‘necessity entrepreneurship’ by setting up and running their own business from home.
EVEnet recommends the following top tips on making your home-based business work
- Know yourself: Make sure you have the right qualities of discipline and self-reliance to be happy working on your own.
- Create a business plan: Be realistic when you estimate turnover
and costs.
- Get the financing right: You may want to borrow money but you
don’t have to commit everything you own. It’s possible to build a
business by starting small – pilot your idea and let it develop
naturally. You may even be able to do this alongside your “day job”.
- Keep to what you know (and love): You will do better in your
business if you choose to work in an area you enjoy and where you have
special expertise.
- Learn new skills: Keep yourself up to date with new thinking and technologies – you don’t want to get left behind.
- Strike a work-life balance: Just because you work at home doesn’t
mean you should work all hours. You need to set a regular time to log
on in the morning, but also remember there’s a time to “shut the office
door” at night.
- Keep networking: Working on your own can be lonely. Sharing problems and successes
with others is a great learning forum.
- Find yourself a mentor: They can bring objectivity and years of
experience to your business.
- Get protection: Ensure you have the right insurance for your business operations and assets.
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