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A Home-Based Business Online
Practical home business ideas, strategies
and resources for the work-from-home
entrepreneur
December 3, 2000
Editor: Elena Fawkner
Publisher: Fawkner Publishing
http://www.ahbbo.com
Contact By Email
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IN THIS ISSUE
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
1.
Hello again and a warm welcome to all the new subscribers who
have joined us since the last issue!
This week's article looks at the REAL realities of running a
home-based business. As tempting as it sounds, it is by no
means a bed of roses! If you're thinking of a home business as
a way of escaping your particular rat-race, read this article.
You may decide that being a rat isn't so bad after all.
As always, thanks for reading and I hope you enjoy this week's
issue.
Remember, this ezine is for YOU! If you have comments
or suggestions for topics you would like to see addressed,
or would just like to share your experiences with other
subscribers, I want to hear from you! Please send comments,
questions and stories to Contact By Email .
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2.
An event planner is someone who arranges special events on
behalf of clients, either corporate or private.
The client will tell the event planner what kind of event is proposed
and the budget for it. The event planner then arranges the whole
thing including finding the right venue, issuing invitations, catering,
transport to and from the event, and accommodation. In addition,
the event planner will be responsible for meeting any special needs
of attendees and, in the case of corporate functions, probably
also the availability of presentation facilities such as audiovisual
equipment and the like.
The first step is to ascertain the client's objectives for the event
and whether it is a corporate or social event. Often, corporate
meetings will also include a significant social aspect so the event
planner for a management retreat, for example, may also need
to arrange for sightseeing or entertainment in addition to the
corporate side of the event.
Once the objectives are clear, the event planner will then work
with the client to set a budget for the event and decide with the
client where to hold the event. The event planner needs to know
who the attendees will be and where they are travelling from so
that accommodation and transport can be arranged as necessary.
In addition, the event planner will arrange for catering,
communications, labor, meeting facilities, printing and supplies,
entertainment, speakers, gratuities, awards, insurance and
anything else that may be required for the specific event in
question.
The event planner, of course, relies on third parties to actually
provide these services and will have an established network of
contacts with suppliers and vendors among caterers, hotels,
travel agencies, printers, furniture/ equipment hirers and so on.
Event planners vary in their approach to billing. Some take as
their fee a fixed percentage of the total cost of the event (say
10 - 15 percent). Other charge clients on an hourly basis. In
either case, event planners will require a deposit (usually a
percentage of the budget) to be used to make advance payments.
The beginning event planner should expect long hours and low
pay when first starting out. The money will improve with experience
and reputation, but the hours will always be long because although
the planning occurs during the day, the event is usually at night or
on the weekend. Personal qualities required in an event planner are
leadership, organization skills and attention to detail. A calm
disposition is essential as the event planner will have to cope with
many last minute "disasters" and personalities.
------
There are many more ideas like this at the AHBBO Home
Business Ideas page at http://www.ahbbo.com/ideas.html
with more being added all the time.
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------
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(6/7)
3.
© 2000 Elena Fawkner
Working from home sounds wonderful, doesn't it? No commute;
no boss breathing down your neck; no fixed schedule; reward
for effort; control; work/family flexibility; not having to
worry about being laid off; leaving the office politics way
behind; not having to get dressed up; being with your
children. Is this what comes to mind when you think about
what it would be like to work from home? If so, take a
good hard look before you make the jump from paid to self-
employment.
Although these are all indisputably strong benefits of
running your own home-based business, they need to be
weighed against some pretty harsh realities if you are to
make an informed decision whether a home-based business is
truly right for you. These realities can be grouped into
three main areas: personal, financial and situational.
PERSONAL REALITIES
-> Commitment - you must be totally committed to making a
success of your business. It is important to distinguish
between commitment and mere interest. If what you want to
do as a business is only an interest, your enthusiasm and
motivation may wane over time. You must be absolutely
committed to the success of your business if you are to
achieve the success you desire.
-> Risk-Taker - one of the benefits of owning your own
business is that you don't have to answer to a boss. The
other side of the coin is that there is no-one to fall back
on if things go wrong. If you make a mistake or suffer a
loss, you wear it. For this reason, you must be comfortable
taking calculated risks. If security and stability are very
important to you, perhaps paid employment is a better option.
-> Self Motivation - again, there is no boss to wave a carrot
under your nose to get you moving. You must be able to
motivate yourself to do what needs to be done and that
includes the stuff you don't particularly enjoy doing.
-> Self Discipline - being your own boss means exercising
personal discipline to ensure that the work gets done.
There will be no end of distractions to tempt you away from
the task at hand when you're working from home. You will
need a healthy dose of self discipline to ensure you stay on
track.
-> Patience - starting a home-business is one thing; turning
a profit is quite another. You will not make a profit
overnight. Be prepared to be patient and frugal during the
first few months of your new venture.
-> Reasons - closely related to the need for self-motivation,
your reasons for wanting to work from home will keep you in
the saddle. If your reasons are to get rich quick or work
fewer hours, think again. A home-based business will
definitely not deliver.
-> Flexibility and Adaptability - you may have come from a
corporate environment where you enjoyed a certain status.
You may have had a secretary or assistant to take care of
the more routine aspects of your job description. In your
home-based business you will need to be prepared to wear
many hats, at least in the beginning. This means being
flexible and adaptable, being prepared to learn new skills
and willing to take on new tasks.
-> Willingness to Sacrifice - especially in the early stages
of your business, be prepared to make sacrifices in terms of
time and money to get your business off the ground. You
will need to be prepared to put in long hours and, more
likely than not, get by on less money than you were bringing
home from your paid job.
-> Work Ethic - the backbone of all of the disciplines you
will need to practice in your home business is your work
ethic. If you have a strong work ethic then the need for
personal discipline and sacrifice will come as no surprise.
-> Stress Management - the burden of your business's success
or failure will rest squarely on your shoulders. That's a
lot of responsibility. Consider your capacity for stress
management. If it's not high, learn ways to increase it.
FINANCIAL REALITIES
-> Cash Reserves - if business is slow to start, do you have
sufficient cash reserves to see you through? If not,
perhaps you should consider starting your business part-time
until it is bringing in enough of a profit to sustain you.
-> Retirement Planning - say goodbye to the employer-
sponsored pension plan and hello to the world of IRAs
(Individual Retirement Accounts). You need to think
differently about your retirement plans and should seek the
advice of a qualified financial planner in the early days of
your new business.
-> Health Insurance - say goodbye too to the perks of paid
employment such as free medical, dental, life and disability
insurance. You will need to take out your own cover for
these risks.
-> Vacation - no-one's going to pay you while you take that
two week vacation any more. And, while we're at it, who's
going to run your business while you're away?
SITUATIONAL REALITIES
-> Hard Work, Long Hours - if you think that working for
yourself means you won't have to work as hard or as long,
think again. Most likely it will mean more of both.
-> Interruptions - if you have children at home, be prepared
for constant interruptions. Being with your children, of
course, is one of the main advantages of working from home
but you will need to set limits if your business is to get
sufficient attention. The same goes for your spouse!
-> Distractions - beware of the temptation to take care of
household tasks during the time you have allocated to your
business. It's very tempting to run a load of washing or
vacuum the carpets instead of facing up to that business
task you don't feel like doing right now. Self-discipline
is crucial if you are to avoid procrastination undermining
your productivity.
-> Isolation and Loneliness - if you come from a busy
corporate background, at some point after the novelty of
working from home begins to wear off, you may begin to feel
isolated and even lonely. Be prepared with strategies to
keep the isolation blues at bay. See "Overcoming Isolation
in Your Home Business" at
http://www.ahbbo.Overcoming_Isolation.html for some
suggestions.
As you can see, although there are many wonderful reasons to
work from home, there are also many strong reasons why a
home-based business may not be the right choice for you.
Take a good hard look at the above realities and your own
personal qualities and motivations. Do you have what it
takes to make a success of your business? Are you prepared
to do what has to be done? Whatever that is? If so, a
home-based business may very well be just what the doctor
ordered. But, if you have any doubts, look very hard before
you make the leap from paid employment to your own home-
based business. You could very well be jumping from the
frying pan into the fire.
------
** Reprinting of this article is welcome! **
This article may be freely reproduced provided that: (1) you
use the autoresponder copy which contains a resource box;
and (2) you leave the resource box intact. To receive a copy
of this article by autoresponder, just send a blank email to
mailto:lookb4uleap@fawkner.com .
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4.
#1 How to get your speaker icon back:
Did the little yellow speaker that controls audio volume
disappear from your taskbar's system tray? If so, open the
Multimedia Control Panel. Under the Audio tab, check the "Show
volume control on the taskbar" option in the Playback section (in
Win98, the option is at the bottom of the dialog box). Click on OK,
and the yellow speaker should return. If not, try reinstalling your
audio driver and then repeat these steps.
#2 How to set up a your universal command post:
One of Win98's most powerful hidden gems is a universal
command line. From here you can launch programs, open
folders, go to Web sites and more. Right-click on the taskbar and
select Toolbars/Address. When the Address box shows up on
your toolbar, click and hold on the word Address and drag it to
the top of your Desktop. Right-click on it and select Always on
Top. Now, when you maximize applications, they'll expand
between your Address bar at the top and your taskbar at the
bottom.
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5.
http://www.salesautopsy.com
Dear Elena,
I have a home-based web publishing business that collects
stories at http://www.salesautopsy.com . The stories are the
confessions of worst or most embarrassing sales experiences.
Most of them are quite funny and I offer an expert analysis or
'postmortem' of what went wrong. I want people to get better
at selling by avoiding the mistakes of salespeople who have
'fallen' before them.
The stories are beginning to be picked up by print and online
publications, so I'm now in the syndication business. Early
next year the Sales Autopsy book will be published, too.
The stories are quick reads and everyone knows someone who
sells, so who can't relate to these funny and frustrating
experiences? If a story gets published, the person sending it
receives a watch with our chalk-outline 'dead guy' logo on it.
I'd love to read some of the experiences of AHBBO subscribers.
As home business owners, we have much more at risk if we sell
poorly - as we are usually not funded like a large company. So
please pay a visit, laugh and learn. And confess a story. Imagine
winning that watch and having people say, "Is that a dead guy
on your wrist?"
Sincerely,
Dan
847-798-8515
=================================
Dan Seidman, the War Correspondent of Selling
http://www.SalesAutopsy.comSales Horror Story Library, read
'em and weep (or laugh)
------
If you want your site seen by thousands, write and tell me
about it! But make sure it's one you've created yourself
or have had created especially for you. No self-replicating affiliate
sites please.
mailto:elena@fawkner.com?subject=website_pick
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7. Advertise in A Home-Based Business Online
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8. Subscription Management
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If you find this newsletter valuable, please forward it
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9. Caveat Emptor
Although all of the information presented in AHBBO is
published in good faith, neither the publisher nor the
editor accept any responsibility as to the accuracy or
otherwise of the information presented. By making use of the
information contained in AHBBO the reader assumes all risk
that certain information may prove to be incorrect.
All advertisements are accepted in good faith. However,
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accuracy of their classified advertisements and no
warranties are given, nor responsibility accepted, by the
editor or the publisher in relation to any classified
advertisement appearing in this publication. ALWAYS carry
out your own due diligence!
10. Contact Information
Elena Fawkner, Editor
A Home-Based Business Online
Contact By Email
http://www.ahbbo.com
All Rights Reserved