With the rising cost of operating a stand-alone business in the Philippines for the average pinoy, particularly the cost of rent especially in prime locations like malls, sometimes its better to look into starting your own business right at home.
To know if you are ready to work on your home-based business, you need to have the desire and motivation for it to succeed. If you have no idea at all where to start or what to expect, then it might be difficult for you to choose a business that will work for you.
Skills and Interest
The first thing that you may want to consider I to find out what is your skills and interests, and be open to the idea of doing several closely related things. You may want to make sure that you choose the one that is right for you and that meets your needs. Choose ideas that you would enjoy doing, or have a strong interest in learning and doing, because you'll be spending a lot of time doing them. Try to remember that there is fine line between many home-based jobs and home-based businesses, and sometimes you are doing both at the same time.
Potential Income
Of course, income potential should also be considered. That means an evaluation of how much you want to earn, if it’s a primary or secondary income and just what your aspirations are in terms of what you want to do.
Taking Care of Children
You also have to consider things such as whether you can afford a ‘yaya’ for your children because that will determine the type of business you choose. If you are going to be an accountant, data entry operator, secretary or other such occupations, you will not have the opportunity to work the schedule around your children unless they are all of school age. Even though you are working at home, you still have obligations and you can not just drop everything and decide to take your children to the mall or to the park because you wake up and find that you have a long weekend ahead of you.
Commitment After Office Hours
You have to be willing to commit to your business just as though you were working in an office or had an actual building where you were operating. Sometimes it cannot be helped to work beyond the normal working hours because some of your clients may demand your goods and services only after they have finished working. For instance, if you are operating a cleaning or spa-services at home, clients will ask you to provide the service when they are already at home or after the normal office hours. If you try to avoid potential clients because you think you deserve a break, then you are not going to achieve any degree of success in your home business.
Non-Internet-Based Business
A home business does not have to be Internet based by any means. You may choose to operate a cleaning or contracting business from your home and use the Internet only for billing and advertising.
In fact, with the opportunities that the Internet offers, many people in blue collar businesses do that very thing. Very often, they do the manual end of the job while the wife stays at home and handles all of the paperwork, advertising and setting up the appointments for quotes.
Separate Business from Relationship
If you and your spouse work well together, a home-based business that both of you work can be the ideal set up. It is important to understand that you will likely be spending a great deal of time together, hence, it is important that you know where the boundaries between business and marriage are.
Not everyone has the ability to work and live with the same person for twenty four hours a day, seven days a week. Before you make a final decision on the home business that is right for your needs and talents, review all of the advantages and disadvantages. Look at what you want from the business and what you hope to achieve by working at home instead of going out into the corporate world. Remember, some people cannot handle the home business because they need that human interaction on a regular basis, so you have to look at that aspect as well when you choose the type of business you want.
Lastly, successful business stories always begin from simple idea and uncomplicated set-ups. It does not have to be a grand project or labor-intensive. Start small, but think big.
To know if you are ready to work on your home-based business, you need to have the desire and motivation for it to succeed. If you have no idea at all where to start or what to expect, then it might be difficult for you to choose a business that will work for you.
Skills and Interest
The first thing that you may want to consider I to find out what is your skills and interests, and be open to the idea of doing several closely related things. You may want to make sure that you choose the one that is right for you and that meets your needs. Choose ideas that you would enjoy doing, or have a strong interest in learning and doing, because you'll be spending a lot of time doing them. Try to remember that there is fine line between many home-based jobs and home-based businesses, and sometimes you are doing both at the same time.
Potential Income
Of course, income potential should also be considered. That means an evaluation of how much you want to earn, if it’s a primary or secondary income and just what your aspirations are in terms of what you want to do.
Taking Care of Children
You also have to consider things such as whether you can afford a ‘yaya’ for your children because that will determine the type of business you choose. If you are going to be an accountant, data entry operator, secretary or other such occupations, you will not have the opportunity to work the schedule around your children unless they are all of school age. Even though you are working at home, you still have obligations and you can not just drop everything and decide to take your children to the mall or to the park because you wake up and find that you have a long weekend ahead of you.
Commitment After Office Hours
You have to be willing to commit to your business just as though you were working in an office or had an actual building where you were operating. Sometimes it cannot be helped to work beyond the normal working hours because some of your clients may demand your goods and services only after they have finished working. For instance, if you are operating a cleaning or spa-services at home, clients will ask you to provide the service when they are already at home or after the normal office hours. If you try to avoid potential clients because you think you deserve a break, then you are not going to achieve any degree of success in your home business.
Non-Internet-Based Business
A home business does not have to be Internet based by any means. You may choose to operate a cleaning or contracting business from your home and use the Internet only for billing and advertising.
In fact, with the opportunities that the Internet offers, many people in blue collar businesses do that very thing. Very often, they do the manual end of the job while the wife stays at home and handles all of the paperwork, advertising and setting up the appointments for quotes.
Separate Business from Relationship
If you and your spouse work well together, a home-based business that both of you work can be the ideal set up. It is important to understand that you will likely be spending a great deal of time together, hence, it is important that you know where the boundaries between business and marriage are.
Not everyone has the ability to work and live with the same person for twenty four hours a day, seven days a week. Before you make a final decision on the home business that is right for your needs and talents, review all of the advantages and disadvantages. Look at what you want from the business and what you hope to achieve by working at home instead of going out into the corporate world. Remember, some people cannot handle the home business because they need that human interaction on a regular basis, so you have to look at that aspect as well when you choose the type of business you want.
Lastly, successful business stories always begin from simple idea and uncomplicated set-ups. It does not have to be a grand project or labor-intensive. Start small, but think big.
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