Managing Your Home Based Online Business -
Part 1
By Roy Thomsitt
Working at home in their own business is something millions of people strive for
and dream of, but most in the Western world never actually get around to doing
it. For those who do achieve it, how do they adapt if they have changed, for
example, from an office environment, where they were employed, had a strict
routine imposed on them, and were told what to do all the time by those above
them in the company?
How do you manage working alone from home? Now, that is not "manage" in the
"how do you get by?" sense. It is manage in the manager/staff sense. You work
at home alone, you are the boss of your home based business. So who or what
is there to "manage"?
The profitability of any business, sole proprietor or multinational, depends on the
successful management of a number of omnipresent departments: marketing,
finance, human resources, computing, purchasing, and, if appropriate, research
and development, and production.
If you are working at home, alone, online, you have all those management
responsibilities and functions rolled into one. Your management task is perhaps
the most difficult of all. You have to manage yourself. If you have never thought
about it like that, then I suggest you consider it for a while. To run a successful
business, you need to have a grasp of all the elements of that business, and
how they interlink. That is as true with a home based online business as it is with
a large corporation. Managing all those different elements of the business, I think
you will find, is not as easy as it may sound. Managing yourself is definitely not
as easy as it may sound.
Working at home for many can mean an escape from the managers above them
who may have made their lives a misery, or at least less satisfying, for all of
their previous career. But does working at home mean an escape from
management altogether? No, it does not. At least, if you want a more profitable
home based business, then management will be every bit as important as before.
In fact, more important.
Why more important? Now it is your business. If you had shares in a company,
would you not want good management to increase profits and thus your dividend
and capital? Of course you would. You are not earning profits for others, unless
you have family responsibilities. Okay, you will pay taxes, but that's not your
biggest concern when you get started. You just want to get started and make
some profits.
Having achieved your dream of a home online business, you want it to succeed.
You will have an online business that will belong to you. You are the boss, and
the expert on all aspects of running the business. You have your freedom at last,
now you need to manage your new business in a way that will ensure it grows
and prospers.
With you as manager and staff, these things will all be so easy .....won't they?
Maybe not. Having your own business, especially based at home and alone, is
not necessarily as straight forward as you may have thought. Just ask yourself
for now, if you were a manager before, were you a good manager? As a
subordinate, were you a good member of staff, someone your bosses respected
and could rely on? Ask yourself. Be honest and ask some of your former co-
workers, who should be honest too. Listen to any conflicts. You will have to deal
with those conflicts as manager and staff.
Really? Yes, really! You have to deal with yourself. You are the boss and the
staff. The best staff are those who follow instructions, work hard in their allotted
time, work efficiently in what they are doing, and apply all the knowledge and
training they have. They are also going to flourish by coming forward with good
ideas and having them listened to.
The best managers give clear instructions and communicate their expectations
of their staff. They also explain why certain things are done and paint the broader
picture to enlighten their staff about what their role means. They also know when
to listen to the ideas of others, including staff, and when to buy in expertise. Are
you able to fulfil both roles?
By being aware of the need to manage the finance, marketing, purchasing and
the other “departments” of your online business, you are part of the way to
managing your business more effectively. If you can learn to compartmentalise,
in your own mind, those same “departments” then you will be taking another step
along the same road. If you can devote time to learning more about those
“departments”, becoming an expert in each, and also learn what you can about
management, then you will be a powerful manager of your online business.
Who will benefit from that? You, and those you support and care for. Does that
not make the effort worth it?
About the Author: Roy Thomsitt is the owner of the home
business website: http://www.change-direction.com
Source: http://www.isnare.com
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