Making the leap from a corporate environment to a home based business can be exhilarating and terrifying all at once. The shift isn’t a small one so any planning on your end before you make the big “move” is highly recommended. If you can prepare financially, physically, mentally, and yes, even emotionally, you’ll be ahead of the game.
1. Finances – Being financially ready is fundamentally essential when starting a home based business. Yes, it’s a no brainer, that’s true. But, preparing for advance costs from new company legal work (DBA, LLC, trademark, etc.) to furniture to electronics, will keep you from getting financially frustrated down the road.
2. Health Care – Leaving a full time, corporate gig means you’ll also be leaving your company provided health care insurance. Make arrangements beforehand to alleviate any unforeseen insurance issues once you start your residual income home business.
3. Atmosphere – A major environmental change takes place when you start working from home. Your work friends are no longer around, the local bagel guy isn’t delivering to your home office and your current lunch meetings come to a complete stall. In other words, the people you’ve come to rely on for everyday office company are no longer there. To keep from feeling lonely or out of touch, make lunch plans with a friend or colleague, or grab your computer and work from your local coffee shop or bookstore. There are various ways to keep from getting the home office blues.
4. Planning – Being your own boss is definitely a step in the right direction to residual income, but no one said it was easy. Distractions are everywhere and no one is looking over your shoulder to make sure the work gets done. It’s important that you become a planning fanatic when working from home. Establish regular business hours, create deadlines, schedule meetings and monitor your to-do lists. Knowing how to effectively be your own boss will result in increased work flow.
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Wednesday, July 6, 2011
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