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Thursday, January 15, 2015

HOW TO BALANCE YOUR OTHER ACTIVITIES (WORK) AND YOUR NEW BUSINESS

Whether you are a nursing mother, a student, a working class person or what not, you can still own a business of your dream despite your excuses for not starting one. There is this adage that says-if you follow your dream the money will follow you, well that is true. It is only when you pursue something that you can find it. One of the easiest ways to give your business a chance to grow is to work on it on the side. In other words, don't quit your day job. Although it may seem like stress, but going about your other activities especially working while starting up a business gives you the financial security to invest in your business on a regular basis. All you need is organization and time management. Below are things you need to do to create a balance between your activity and business.
1. CREATE A PLAN TO GET FOCUSED.                                                            In order to get focused you need to have a plan even if it is a short term one, and in order to create a strong plan you have to start with a goal. A one-page business plan is good and useful for both those who do not have a business plan yet and those who have one. If you have a business plan, the one-page business plan for the quarter will help you stay focused and know where to focus your money as well. It can be used to organize your goals, design a budget and create revenue projections, which are all needed to grow your revenue,
2. SET YOUR FREE TIME FROM YOUR WORKING HOURS.
You should set your time according to what your work schedule is like, it could be-in the morning before work (30 minutes – two hours maximum), lunch break at work (30 minutes to one hour), a few hours after work once you handle the household (two – four hours) or during the weekends (six-eight hours).
With these, make time to consistently work on your business. Dedicate those hours strictly to your business, aside from when there is an emergency. If you want to change your business from a side hustle to a full-fledged business, then you have to show up to work consistently. Be rigid with yourself, stick to your schedule.
3. KNOW YOUR WEAKNESS AND FIND WAYS TO SOLVE THEM.  
Once you have your goals written down then you need to think about what challenges you will encounter as you work on achieving these goals. That is why it is very necessary to have a plan B when you are about starting a business. You have to know if there will be anything that will stand in your way. Consider all the different avenues that you need to achieve the goal.
4. GIVE YOURSELF AND TASK A DEADLINE.                                                  In order to achieve your business goals, you will need to create a deadline for each task you do to achieve your goal. This will help you have an idea of how long it will take you to achieve the goal. One of the things that can make us fall short of our revenue goals is having an unrealistic task list as well as timeline to achieve those tasks. All of these tasks in these other areas will affect your ability to achieve your revenue goals.



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