5 Mistakes to Avoid When Running a Business from Home

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Running a business from home can be a blessing for many. They have freedom that they never thought possible. You dictate your own schedule and you don’t have a boss to answer to. Breaking away from those shackles can be a liberating experience.

Unfortunately for a lot of people, it doesn’t quite work out. The reason for this is that they can make key mistakes which affect their productivity. Not having that steady income can suddenly become daunting.

In this article, we’re going to look at some key mistakes people make and how to avoid them. Let’s get started!

1. Impatience

Running a business from home is often a journey and there are going to be bumps along the way. You may be going through a month of bad sales, encounter several problems at once or are struggling to organize your schedule.

Whatever the problems are, you need to have the patience to work them out. Many of the most successful people have found their lucky break after getting through a down period. It’s easy to lose hope but you need to have patience and trust that your plan is going to work out.

2. Not doing your research

One of the easiest things to do is rush into things. It could be making a website or choosing building materials. You want to be able to start making money as soon as possible and you simply choose whatever looks good. This approach will eventually come back to bite you.

A good example of this is starting a website. There are many different hosts, website builders and platforms. You should do your research beforehand by reading articles and checking out videos. Whatever it is you’re planning to do, there is usually a lot of research material out there.

3. Overspending

5 Mistakes to Avoid When Running a Business from Home

You have to spend money to make money, right? While sometimes spending money is the right thing to do, on many other occasions, it’s not. When running a business from home, you want to keep costs low, especially if you’re yet to have a significant cash flow.

There are many examples out there of business-related things that people presume cost money. An example is a logo, which you can create easily for free with Logo Creator. Another is making a website, which you can do with WordPress for absolutely nothing.

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A good habit to get into is before spending money on anything, do some research to see if you can do the same thing for free.

4. Not setting goals

There is a reason that most people earn their money being paid by someone else, it’s easier. You don’t have to think as much and you don’t have to worry about the company. Running your own business from home requires a lot of motivation.

It’s easy to get overwhelmed by facts and figures. That’s why it’s always a good idea to set goals. It gives you something to work towards and a definitive focus. This could be sales in a week, number of words to be written or the number of visitors on your website.

Whatever business you do, it’s always a good idea to have short, medium and long term goals.

5. Being distracted

5 Mistakes to Avoid When Running a Business from Home

Now here is the biggest mistake of them all! The beauty of having a salaried job is that you get paid for your time. Working from home, you only get paid for your work. This means that any distractions you have are going to hit you in your pocket.

The biggest favor you can do is to shut yourself off. Make sure no-one else in the home distracts you at certain times, ban yourself from social media and keep your dog out of your room! It’s hard to be that disciplined which is why it’s a good idea to structure your day so you have blocks of solid work throughout.

Conclusion

Working from home is going to be a lot easier when you avoid all these 5 mistakes. Bottom line is, keep your focus on your task. Once in a while, take a short break because you need that too. All in all, it’s fun when you’re running a business from home.

Guest writer: Sue Welch

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