The Three Golden Laws of Home Business

The Three Golden Laws of Home Business
Copyright © Jose Love

http://perfectbiz.here.ws

Starting, running, and turning a profit out of a

home business does not have to be the tall task

that most people make it out to be. While it

certainly isn’t easy, it doesn’t have to be overly

difficult either. With a little bit of forethought

and planning, even the hardest, most complex of

things can become relatively simple.

There are

three golden laws in running a home business. If

followed, these laws will help you create a dynamic

home business, one that allows you make a decent

living. If ignored, these laws will ensure that

your home business does not rise above average

operating results.

First, plan all the way to the

end. You must have a concrete vision for the

business. Where will it be five, ten, twenty years

from now? What sort of scale will it have? What

will it be doing differently, and what things will

remain the same? Try to envision all the obstacles

that may come up and prepare plans to meet them. To

be sure, you will be unable to foresee all the

crises that will occur. But mentally, you must be

prepared for them as they come. Circumstances

should not catch you completely off-guard; you

should have a measure of preparation against

ever-changing situations.

Second, work hard – and

make your people work hard as well. With your home

business, everything will start with you. You must

work to become the greatest, most capable

individual that you can become. Spare no expense in

your education, within reason, as long as such

education is helping you prepare for the future.

Then, be sure that you work as hard as you can,

learning all the ins and outs of the trade of which

you are in. A good work ethic is important to

success, and you should not neglect it. A corollary

to this is that you should hire people who are just

as hard-working as you are. Be sure to set targets

for both yourself and others, and measure what gets

done. Give reward liberally to those who

achieve.

Third, utilize the power of personal

networks. There is an old adage that says “It is

not what you know, but whom you know.” While we may

rebel against what this truism may imply, the fact

remains that worldly success depends on a high

degree to the number and quality of people who are

kindly disposed towards you. Your personal network,

as well as the networks of the people who work for

you, should be utilized to their full potential, in

terms of advertising and sales efforts. Treat those

in your personal network well, provide the

necessary services, and they in turn may promote

your business to those in their networks.

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