Start a Home Business
Edited by Maria Sharon Ubando, JMA, Lynn, Graeme and 2 others
You don't have to be in a nice and expensive brick and mortar establishment just to be in business. In fact, you can get started right at your home with little to no capital at all. With the right strategy, tools and marketing, you can be a business owner and be your own boss.
Always bear in mind that venturing into a business, whether big or small, is a risk. All businesses go through a stage where you almost can't see where your profit goes, but then again, that's a part of having a business. It is very important then that you understand the flow of business so you know the adjustments that you need to make.
Ready to have a business of your own? Here are some tips on how you can get started from home.
Steps in Getting Started With a Business From Home
- 1What do you want to offer?Advertisement
- 5Prepare Your Business Place.
- 6Determine Your Capital.
Don't get overly anxious about starting your business. Take time to understand the business flow and concept. Learn the market and when you think you really are ready, then that is the time for you to hang out your "Open for Business" sign.
Things That Bosses Should Avoid Doing
Ultimately, being a boss is a huge responsibility. Nobody claims that taking responsibility over an entire team, department or company is a privilege. Yes, there are privileges that a boss gets to enjoy, but the burden on your shoulders can also be overwhelming. You should always bear in mind that the survival or existence of the company is in your hands. Therefore, there's just too much at stake if you fail. Your failure could jeopardize your investment and the work of your employees.
However, not all bosses turn out to be good leaders. Most bosses are highly regarded because they know the right things to do, but not all bosses are good at empowering people. Nevertheless, a boss could be remarkable on one of two different sides of the spectrum. A boss can be remarkable because his employees love him, or he can be memorable because his subordinates hate him. If you want to achieve the latter, you could never go wrong by embodying these attributes. In contrast, if you want to make your mark as a leader who brings out the best in his or her subordinates, make sure you wash off these traits even in their earliest signs.
- 1Being a micro-manager.Most bosses who are guilty of micromanaging would even deny that they practice this habit. If you want a sure-fire way of demoralizing your employees, micro-managing would be your best bet. If you feel a compulsion to dip your fingers into everything your employees do and decide on, then you are 100 percent guilty of this habit. This habit is counter-productive for both parties. It makes employees feel that their boss does not trust them. They then may end up getting discouraged from taking their own initiative and will just do whatever they are told to do. This reluctance to take initiative will translate to mediocre quality of work. Consequently, the boss will just get angry and annoyed. This will start a counter-productive and mutually damaging work cycle.Advertisement
- 2Focusing on minor details rather than on overall performance.This habit is usually practised during performance evaluation sessions. Some managers tend to focus on minor, but negative actions and behaviours of the employees, such as being 10 minutes late, or not being able to report for work during a holiday. Because of these minor blunders, some managers may disregard the overall outstanding performance of the involved employee. You should be realistic and humane enough to acknowledge that you do not have perfect employees and you are not a perfect boss either.Advertisement
- If you have problems with any of these steps, ask a question for more help, or post in the comments section below.
Recent edits by: estrella sacragon, Graeme, Lynn