Posts Tagged ‘Home Based Business’

Time Management for the Home-Based Business Entrepreneur…Part 1

 

Those of us who work from home, often face the challenge of being able to efficiently manage our time.

This holds true for people who are working full time from home, stay-at-home moms creating a second income from home, and part-timers who are working around a full-time outside job and family responsibilities.

Wherever you fall in this spectrum, you only have 24 hours a day to spend on your activities, just like everybody else.
How you budget these hours is critical to how successful you will be in your business.

There is one thing you need to do first before we move forward…

Track your time expenditures.
 
 

 

In order to effectively know how to budget your time, you need to have a clear idea of how you are currently spending your time.

Step One: Create a Time Expenditure Table.

  • Get a sheet of paper, and divide it into 7 columns.
  • Label the top of each column with the days of the week.
  • Along the left side of the paper, write times in 30 minute increments, from the time you get up until the time you go to bed.
  • Start by writing in all of your fixed activities: wake-up, shower, meals, kids off to school, go to work, business training calls, etc.
  • Place your Time Expenditure Table where it is handy to write on at anytime…on the fridge, a clipboard, the wall, etc.
  • Now, every day, you must commit yourself to writing down everything you do in the time slots for each day. No time slot should be empty, even if you take a nap…write it down!
  • This point is important! When you are doing business related activities, like computer time, be specific about what activities you are doing!

Step Two: Study Your Time Expenditure Table
 
At the end of the seven days, you will need to study your Time Expenditure Table closely.
You will be able to see how much time you spent with family, daily living activities, recreation, your job, on the computer, personal development, etc.

When you examine business related activities, take note of how much time you are spending on emails, following links elsewhere, surfing, reading/watching/commenting on other people’s blogs, lenses, profiles, & videos, etc.

You need to answer to yourself, how much time are you getting distracted by non-productive activities, non-business related emails, links, & websites, and family & friend interuptions.

Step Three: Your final analysis
 
This is the time you need to be clear about your priorities.
You need to know what you want out of your business and how important these things are to you.

You also need to decide what activities you are spending your limit of 24 hours a day on that you are willing to sacrifice.
This won’t be easy, but you must do it if you are serious about building a successful home-based business.

Once you decide where you can trim away time, condense activities, and eliminate waste, you will need to make another Time Expenditure Table.

Only this time, we will call it Time Expenditure of Daily Activities.

  • Write in your fixed activities.
  • Write in times you will devote to uninterrupted business activities.
  • Write in times you are leaving open for family, friends, personal development, & leisure activities.
  • Remember to include ordinarily “dead” time, like breaks at work, waiting for appointments, commute, etc. You can pack these spare minutes with reading or connecting with business associates.

There you have it!
You are on your way to more efficiently managing your time!
As always, if you need any help, please don’t hesitate to call me at (541) 484-5455 or email me at mentor.karen.j.miller@gmail.com.

Karen

Posted by on October 7th, 2008 No Comments

Why Choose Network Marketing?

Many people may be wondering why an ordinarily intelligent woman would choose to get involved in network marketing.

Isn’t network marketing a scam?
Isn’t network marketing a pyramid scheme?
Don’t you have to bother all of your friends and family?
Don’t only the top 3% ever make those big incomes?

Well, the answers to these questions are yes and no.
It all depends on the company you’re involved with, how your sponsors treat you, and the quality & scope of the training they provide.

Let me assure you, I am an intelligent woman and I do know what I’m doing.
Let me share with you some of what I learned about Network Marketing {aka Multi Level Marketing, MLM, Affiliate Marketing, Direct Sales}.

First thing that I learned is that you have to do your research.
You need to…
…understand the Network Marketing business model;
…understand how Network Marketing fits into today’s financial climate;
…understand if Network Marketing is for you.

Next, you have to know what you’re doing when choosing the company you want to be affiliated with.

This is where many of us fail miserably.
We get captivated by the glitz and hype, usually delivered by well meaning people.
People who are just like us…everyday, average working folks who are looking to make extra income from home…and some who are realizing the American Dream of making a full time income from their home-based business.

We are told that “anyone can do this”, “all we have to do is make a list of 100 friends & family”, “pick up the phone”, “just listen and talk to people”.

Yeah right. It didn’t work too well for me, either.

Do you get mad at your sponsor and blame them for your failure?
After all, they are simply training us the same way they were trained.

Do we get mad at ourselves and blame ourselves for being miserable, unteachable failures?
After all, when we are not successful at this, we are told we are not trying hard enough, or some other excuse.

The truth is…It’s not your fault!

Trying to work your way through all of the companies and pitches and training programs can make your head spin,not to mention max out your credit cards!

Fortunately, I found help right when I needed it.

A good friend of mine introduced me to Mentoring For Free.

Mentoring For Free was founded by Michael Dlouhy to give back to the industry….Michael’s mission is to fight the scammers and help fellow Network Marketers learn the skills necessary to be successful.

Let’s face it, Network Marketing is a business.
We need to change our mindset and start treating it as a business.
We need to start treating ourselves as business professionals.

Whether you are a doctor or a ditch digger, you need real training for your profession.
It is no different for Network Marketers.

I have received the training and learned skills that have helped me build my business.
I am now also giving back to the industry by being a mentor and coach to fellow network marketers.

I am happy to offer you the same help I received.
Join me in a training program that is completely free.
Join me in a training program that will change your life.

You can start here by downloading my free eBook, Success In 10 Steps.

Posted by on September 29th, 2008 No Comments

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