Craig Hiscox

Creating Wealth - The Journey

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Home Based Business

Own Your Life.

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How To Own Your Life?

Having a home based business has it’s advantages over the accepted norm of an adults working life. The majority of the worlds working population find themselves as a spoke in the wheel of others lives. The question is, can you escape, break free from that wheel? Can you Own Your Life?

The answer is not as simple as you may think, as there are a lot of things to consider:

  1. How do I start a home based business?
  2. What does it mean to own your life?
  3. Why is mobility so important?
  4. Is a home based business really for me?
  5. Move out of my comfort zone, forget it.

For now lets take a look at getting our head around the concept of “own your life”.

The Big Picture Requires Action.

From the moment we wake in the morning we need to take action to complete the most meaningless tasks. How hard is it to get out of bed and take your position in the wheel belonging to others? Would it be so much more worth while to get up knowing that you are at the helm of that wheel, steering it in the direction that you want it to go knowing that you can let go any time and the wheel will roll in the direction you pointed only requiring slight adjustments from afar.  This is a small part of the freedom you have when you own your life.

Dreams – Thought’s – Actions – Results.

Everybody’s big picture is different, though the action required to grasp the concept of  “Own Your Life” can be no different then the person sitting next to you.

Dream

Try this: find a quiet place where you will not be disturbed for ten minutes. Now, give yourself permission to do something Grand in life. The dream you are having (yes you can dream while being awake) is the key to own your life.

Thought

Automatically you will move to thought which is the mechanism we use to either complicate or simplify dreams. List your thoughts. This list will become your road-map. Now the hard bit, this is where only the strong will survive.

Action

Action stations. It is true, every action will cause an opposite or equal reaction. No action and surprise surprise nothing happens. Let’s make it easy, here is a secret that will give you a head start over all others. “Do everything as if you have already won.”

Result

Results will come, maybe only as a trickle at first (small wins) then repeat, repeat, the trickle becomes a stream, repeat, learn, repeat and the floodgates will eventually open. Constantly you are winning.

Trust The Process.

Ask yourself to rise above the ordinary, be extraordinary. Celebrate any confusion you have as this has brought you a step closer to  trusting the process. Once you trust the process of Dream – Thought – Action – Result, you will own your life.

Craig Hiscox.

Why a Home Based Business

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Juggling Home and Work
Multitasking

Taking on a Small Business can be a daunting exercise. Operating a Home Based Business can have a big impact on family life. As a method for creating wealth, your actions will govern your success in one of the most popular small business start up scenarios.

There are many business owners who have started successful home based businesses. Working from home allows the opportunity to work on your business more then in your business. Some other reasons for starting a business from home are;

  1. The home based business reduces the financial risks of starting out in business.
  2. Only require small premises or office.
  3. Running a business from home particularly appeals to parents of young children.
  4. Some run a business to provide a second family income.
  5. The availability of affordable mobile technologies is another factor influencing people to work from home.

Family comes First

Whether or not family are involved directly in the business, working from home impacts their lives. Recognize that your family needs space and privacy and consider how a home based business will affect their comfort level.

Discuss the location of business activities, the times of operation (start and finish) and where client meetings will be held. Some of the best methods in assisting  your families acceptance of the home based business are:

  • Have a uniform, even if it is just a shirt with a logo.
  • Go out the front door of your home, walk around the block and return directly to your home based business dedicated workspace.
  • Have fixed lunch breaks, allowing your family to join you if they wish.
  • Make it clear that during your working hours you are not to be interrupted by casual visitors.

Starting a home based business will cause lifestyle changes for family and friends, talk it through with them and agree on a system that works for everyone.

If family members will be involved in the business, formalize this relationship. Think through the implications on relationships of running a business from home  .

Benefits of a Home based Business

Running a business from home has its benefits:

  • Lower overheads – the home based option offers lower establishment costs, namely there is no commercial lease.
  • Lower risk – working from home eliminates much risk in the early stages of the business.
  • In some cases, working from home can be treated as the incubation period of the business.
  • Flexibility – home business owners set their own hours, can work broken shifts and be flexible to customers needs.
  • Convenience – all the conveniences of home and work are at hand.

Challenges of a Home Based Business

Like everything in creating wealth, what you get out of it is in line with what you put into it. Some of the challenges are;

  • Isolation – on both a personal and professional level. Interaction that exists in other working environments cannot be matched at home and is hard to adapt to. Those from corporate backgrounds, in particular, face a significant adjustment.
  • Distractions – at any workplace there are distractions but consider all the additional ones that may apply at home. Things like household chores, children, relatives, pets, visitors and the television are obvious examples.
  • Site limitations – the ideal is to design the site and facilities to suit the business requirement. But this is not always possible for businesses operating from home. The need to comply with local government regulations like parking, advertising, employment and manufacturing can be limiting.
  • Loss of guaranteed income flow – being able to retain the profits is a definite advantage of running a business, the downside is that it can often take time to build up a profitable business and cash flow can be erratic at start up. Work out whether the business will generate sufficient earnings. If not, consider retaining existing employment during the development of the business.

Coming Up

Leave your comment below.

Do you know what the most exciting thing is about the home based business journey? Well take some time out and write a list, send me your best reason for running a home based business with a comment below. Lets see how big a list we can come up with.

Go ahead take that single step.

Creating wealth, The Journey.

Craig