Running a business from home isn’t as easy as it sounds – and if you have any experience managing a business with your home life, you already understand the difficulties: establishing consistent work hours, taking care of family and home affairs, and putting together a proper work space among them.
However, when you run a home-based business, there are even more pros: you’re your own boss, you set your own hours, you maintain creative control, and you can spend more time with your friends and family. And with so many pros, it’s no wonder many Americans opt for the entrepreneurial lifestyle. According to the U.S. Census Bureau, half of all businesses are home based. But becoming the CEO of your business is only part of the battle. Staying there and working through the challenges is what sets you apart from the people don’t make it. Fortunately, there are several ways to keep you inspired and on the path of progression:
Make Reading A Habit
Reading can do wonders for your attitude towards running a business. There are two types of nonfiction books you should keep an eye out for: relevant nonfiction business books and memoirs from business figures. Many renowned entrepreneurs had a profound interest in reading, and there’s a strong correlation between successful people and their reading habits.
Business books not only help you learn something, but often feature tales of successful entrepreneurs who started out in the same position as you. This allows you to take the advice of people who have been there and done it before, and use it to guide you in the right direction. They also help you generate ideas for business growth or new businesses entirely. And lastly, they keep you updated on business issues relevant to today’s economy.
Tim Ferriss, author of Forty Hour Workweek (and home-based businessman himself), recommends reading fiction, too. In a blog post detailing his version of the best fiction books, he stated: “I began reading fiction to ‘turn off’ and saw breakthroughs in creativity and quality of life as a side-effect.” Indeed, running a business is often draining and time consuming, and breaking out of your business mentality can give you a much-needed breather and fresh perspective.
Surround Yourself With Like-Minded People
When you work from home, getting out of the house is necessary. You wouldn’t want to stay in your office all day, would you? Surround yourself with like-minded people by participating in events and conferences that focus on business. There are dozens of great conferences to attend. A few of those include:
- World Business Forum
- Forbes Women Summit
- TechCrunch Disrupt
- Social Media Week
- Incite Summit
- The Startup Conference
- Business innovation Factory
These conferences come in a range of price points, some reaching over $1,000. However, the networking benefits and learning experience can extend beyond the ticket value. In some cases, conferences will allow you to attend for a discounted (or even free) ticket if you offer them press. This is worth exploring if you publish your own content and have a decent following.
It’s also good for you to look into local business groups and meetings. You’d be surprised at how much is happening in your own backyard. Check Eventbrite and Meetup.com for nearby events. If you don’t already have business cards, you should invest in a set. On demand printers offer bulk packages at reasonable costs.
Develop A Routine
This might seem like one of many obvious and useful business tips, but it goes a long way. Developing a routine helps get you motivated to get started, and keeps you on track throughout your duties. Create a routine that works for your lifestyle and don’t overexert yourself. Write your routine down, and have it printed and/or posted somewhere near your work space. This way, you’re able to refer to it daily and feel more inclined to follow it. Try beginning each day with light reading, meditation, or exercise. This will get your brain and body moving and ready for the work day. Check out this list of powerful morning routines by well-known business people.
Set Rewards For Yourself
Employees are often rewarded in a regular office setting, so why not reward yourself? Studies have shown that rewards are responsible for 75 percent of what we do. Provide incentives for yourself when hitting certain goals and milestones. If possible, set money aside for each paycheck to go towards your rewards collection. Use this money to pay for your reward and keep it separate from your savings.
The reward money could pay for a day at the spa, an afternoon at the theatre, a shopping spree, or even a weekend getaway. If you really want to challenge yourself and have fun, get your friends involved and have them hold your reward until you’ve earned it.