Home Business Productivity – Smart Tips to Growth and Profit
Having a home business has many advantages – none the least of which is the ability to work on your own schedule. This freedom can actually work as a curse against you unless you have the discipline and structure you need personally to overcome the temptation to do all those other “important” things. Interruptions, boredom, invitations from friends or even other business associates can easily derail the most conscientious entrepreneurs.
Your Home Business Productivity – Smart from the Start
So, first things first: make sure you have a comfortable, well-lit space where you will work. If you are sharing your home with others, make sure you can close off that work space at least for times when your concentration needs are at their highest.
- Have necessary supplies close at hand where you will be sitting.
- If you have samples or inventory, you will need to have the right amount of storage for those.
- Make use of your wall space by hanging a white board, large calendar for help in planning, or geneology charts.
- ** Inspirational prints, small plants and other items that make you happy should be included, as well.
** These may seem obvious or may not seem all that important, but it is hard to stay motivated if you don’t have the proper setup. And when you are the head honcho of “YOU, Inc.,” nobody else is going to be in charge of your mindset – so take that part of your job responsibility very seriously!! You will amp up your productivity big time!
If your business is affiliate, internet or network marketing, it is becoming more customary to receive compensation by direct deposit. It’s almost magical to receive an email alert that a sum of $x,xxx (hmm, not enough commas in that figure, was there?Lol!) has just been deposited in your account.
That being said, even though you operate from home and the business address might be the same, keep your money separate. Get a checking account exclusively for business. Not a bad idea to have a credit card reserved for your business expenses, as well. It makes things infinitely easier to keep track of, and your accountant will thank you.
On the issue of sharing the same mailing address as your business – don’t let that be known. It’s risky. People may think it’s okay to drop in to see what products you’ve got, or worse, might drop in to see how much MONEY you’ve got.
It’s so simple to get a P.O. Box. Some mail box stores will even allow you to preface your box number with “Suite” to make your image more professional. Play it safe and leave your home address at home.
You’ve probably heard a lot about “branding” your business. In my opinion, that’s the fun, creative part of establishing your entrepreneurship!
Whatever company or product you are promoting, here is my branding advice: don’t brand yourself as the company you are with. Brand yourself as you.
Why do I say that?
If you take on the logo of your big, giant MLM company, ask yourself this: how many other reps are doing the same thing?
Don’t you want to distinguish yourself?
Don’t you want people to go to you first before they look for someone else to buy that product from?
Plus, though nobody likes to admit this, here is the hard truth:
Companies come and companies go. Lots of companies have waved the white flag and disappeared in just this year alone.
Prepare yourself for the unthinkable. Brand YOU!!
If you change companies mid-stream, you will still have your clients, your logo, signatures, website – everything intact to continue carrying on your home business with a new, and hopefully improved, company.
To Logo, Or Not to Logo
Sometimes just a good, professional headshot works as a logo. But if you want something more unique and professional, hire somebody to do it for you.
Productivity Tip: Don’t spend your own time on this unless you have a graphic design background. This is a good time to show leadership and delegate. Try fiverr.com or upwork.com. Save time and frustration and let someone else make your logo.
Productivity Tips in Operation for Your Successful Home Business
The best way to ensure that all your high-value activities get done every day is to structure them into a routine.
What are the high-value tasks of a home-based entrepreneur?
- You need to be making money through sales or signups (I know. Duh.)
- You need to be generating leads.
So let’s work backwards.
What needs to happen for you to make a sale or recruit a new team member?
This usually doesn’t happen in the first contact with a person. So your follow-up routine needs to be solid. The most productive method of follow-up I know is by using a good customer relationship manager software, or CRM. Just put it through it’s paces first thing every day. “The fortune is in the follow-up.” Don’t neglect your fortune here.
How are you planning to generate leads? You can’t make money without talking to people. So to be the most productive, do you need to create an ad? If you are a content marketer or blogger, do you need to be writing a new post? How are you promoting your content once written?
Many people are only able to dedicate themselves to their home businesses part-time at first in order to hold down their existing jobs or care for their families. This means their productivity in the short amount of time they have is more important than ever.
Whether you are a part- or full-timer, decide how much time you will give to your business daily. By dedicating the first third or half of that work time to your high-value activities, you will be on the road to solid, exponential growth and productivity.
It is possible to have all the time freedom benefits of a home business AND be successful at it at the same time. By setting yourself up for success at the very beginning and structuring your daily routine to address the high-value activities first, your home business productivity will reward you with the financial security you are hoping for.
PS: If you liked this piece and would like more tips on Home Business Productivity, be sure to check out the productivity secrets of my friend, Adam Chandler, in this quick video!
Profit-ivity Quotes for All:
“Amateurs sit and wait for inspiration, the rest of us just get up and go to work.”
― Stephen King
“If you spend too much time thinking about a thing, you’ll never get it done.”
― Bruce Lee
“Your mind is for having ideas, not holding them.”
― David Allen
“Concentrate all your thoughts upon the work in hand. The Sun’s rays do not burn until brought to a focus”
― Alexander Graham Bell