Home Business Ideas and Opportunities

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Business Management 901

If you are a home business entrepreneur you likely work at home alone online pretty much. The majority of your interactions are done online, or maybe on the phone. However, you may have occasions where you do projects with others or collaborate. It is important that you conduct yourself in a professional manner just as you expect your peers to treat you.

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One very important point for any business is that although there must be those who need to take the lead, and people who follow instructions, directions should go both ways. It should go both from the top down as well as from the bottom up.

This is in part so you will get the true feedback and get it from where it comes from – where the actual work is done. Some are able to see the big picture and some see only all the day-to-day details (operations). Both are very necessary if one is going to be aware of how their business is doing.

Many management professionals do not have a clue what is going on or how to actually do anything (with all due respect). This is a mistake. If it is your business then you should know how to run it should that ever become necessary and as a given know at all times that things are being taken care of efficiently.

Some other important points to always keep in mind on this topic are: Mutual respect is very important in order for people to work together in harmony. If there are issues with this they should be discussed openly and with no fear of reprisal for telling the truth. What can be resolved should be and then move on as if nothing was ever said.

Especially if you ask for feedback it shouldn’t be in a shallow or plastic way where you are not really listening. Really listen and consider what is being said. Before you shoot the idea down, really consider whether it is a better idea than the way you would do it. This works both ways as well. Humility goes a long, long way particularly in any confrontation.

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Are You Cut Out to be a Home Business Entrepreneur?

If you are not sure, Wikipedia has some very good definitions of ‘Entrepreneur’ to help you decide, as follows: https://en.wikipedia.org/wiki/Entrepreneurship

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(Quote) “Entrepreneurship is the process of designing, launching and running a new business, i.e. a startup company offering a product, process or service.”

It has been defined as the “…capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.”

“The entrepreneur is “a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.” (end of quote)

There are actually some key points here about initiative and risk that are very relevant to determining if you even want to be an ‘entrepreneur’. Are you someone who is willing to take initiative? Risk? The opposite of initiative and risk is spelled ‘J-O-B’. Everything is straight up. Job description, duties performed, cash paid.

While a little initiative may be smiled upon by your employer they actually can have a mixed reaction lest you expect a raise for going above and beyond. They may purposely refuse to acknowledge your efforts for this reason. Of course that is not an absolute and some will actually reward initiative especially if it is something that you normally do.

Risk is another issue that is huge because this may be where you prefer a job since you are more or less guaranteed a paycheck after you work so many hours. With being a home business entrepreneur to start out at least you may work many hours without substantial pay. You really have to ask yourself if this bothers you.

For sure most people would want to be paid for their effort; however an entrepreneur would likely be able to see the ‘big picture’ and realize that the business needs to be developed before it reaps actual cash. Again this is not an absolute either. There are things like for example affiliate programs that may pay you right off the bat when/if you make a sale. There are no guarantees though so again this is a risk.

In this example it is actually a small risk because most affiliate programs have low monthly membership fees to participate, and should NEVER have a contract beyond month-to-month. In any case, make it or break it you will come out ahead at the very least having gained some knowledge and experience.

If you are going to actually build a real business, you will need to assume the risk and take the initiative because it is your responsibility. This may include much more than merely checking your email and will require some organization and planning.

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