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5 Questions You Need To Answer Before Starting An Online Home Business

Pay no attention to the over-blown advertisements you see telling you that you can earn millions online by just pushing a few buttons on your computer. If it was that quick and simple, everyone one would be doing it. Let’s take a look at 5 important questions you need to answer before starting an online home business.

1. Are You Prepared To Devote Time To It?

When you start an online home business it will require time. You don’t have to cut yourself off from your family and friends, but you’ll need to manage your time. To put in the work on your business may mean watching less TV, getting up a little earlier and working a few hours at the weekend.

2. Are You Ready To Learn New Skills?

It’s surprising how so many people jump head first into starting an online home business without any real idea what they’re selling or who they’re trying to sell it to. You don’t have to be a business expert but you’ll have more success if you take the time to learn how to run your own internet business the most effective way.

3. Do You Have Some Financial Capital?

The set up costs for an online home business are a lot less than the set up costs for a traditional offline business, but you’ll need to pay for website domain name and hosting and some have funds for marketing. If you put nothing into your business, you can’t expect to get anything out.

4. Have You Got Somewhere To Work?

Set aside an area of your home where you can work and establish your working hours. Choose an area where you won’t be disturbed. If possible try to have a business computer and not use your family computer. This means you won’t have to worry about your children needing the computer while you are working. If you don’t have somewhere at home, is there a local internet cafe that you can use? All you need is a computer and access to the internet.

5. Are You In For The Long-Term?

Every entrepreneur encounters set backs at one time or another with their business. You have to be willing to accept unexpected set backs as part of your ongoing business journey. Not everything will go to plan with your online home business. But if you regard any mistakes you make as part of a learning process and you understand what went wrong, it will help you to progress forward.

How The Cloud Can Help You If Your Business Is Running Out Of Budget?

Efficient management of business is a key to success, but sometimes, even though having an excellent management practice at place, a business falls short to get the presumed growth and start running out of cash. The possible reasons for the business slowdown are: technological shift, economic recession, market changes, and social instability, among others. Whatever the reason is but the end result is always painful, and it prompts the business owners to make some drastic changes to re-plug the power button. Cash-strapped businesses generally take some actions like: immediate lay-offs, subscribe new technologies, limit business operations to only more profitable areas, cut expenses, etc. so that the business could proceed with growth and prosperity. All possible options have their own significant importance for business revival but subscription to new technologies has some unique positive aspects altogether.

Cloud computing is a technology that has the ability of being a technological backbone of a small business by scrapping many less-utilized or un-utilized resources. It provides a platform that is more efficient, agile, user-friendly, easy-to-use, and with 100% uptime. It also removes setup and management burden of your IT resources so that you can concentrate more on delivering an excellent service to your clients.

The other major cloud factors that help you in panic situation:

1- It helps to limit your manpower:

Once you employ the cloud for your business operations, it immediately helps you reduce the staff that were engaged in day-to-day IT management activities. Limiting manpower becomes a handy solution by two ways: you don’t need to pay them and you can save from the office resources they consume.

2- Ready to use platform with no additional hardware or software requirements:

If you business is not doing as expected, you may require some innovative technical solution that is capable of fulfilling your requirements with some additional values. You also need the kind of resources that don’t require any setup time and start working with easy interfaces so that business gets additional pace to counter the tough times. The cloud meets all these expectations and it doesn’t require any additional hardware or software purchase.

3- No day-to-day operational cost:

In general IT practices, regular updates and upgrades are always expected and you need to go with them in order to be safe, secure, and compatible. But while you are a cloud subscriber, you don’t need to get involved with these activities. Updates and upgrades are a part of SLA that is signed between you and your cloud hosting provider. So, you always get an updated platform to perform your core jobs.

Summing it up, Cloud technology is an innovative concept that is exceptionally useful for those owners of small and medium-sized ventures that want to minimize their day-to-day operational costs without compromising on the efficiency, profitability and the bottom line performance of their business. Once you put the Cloud to work for your business, you can capitalize further and discover significant advantages without making major changes to your business process. With time, you will explore new ways to efficiently utilize Cloud technology while saving a great deal of your hard-earned money and resources.

Women in Business – Making the World a Better Place

Did you know that every third business you encounter is owned by a woman? Yes, one in three Australian businesses is operated by a woman and they are twice as likely as a man to start their own business. Owning a business is seen by many women as a way of achieving their financial goals whilst simultaneously having the flexibility of how those goals are achieved – nearly half of the 668,000 female business owners in Australia have dependent children.

At the vanguard of this female entrepreneur trend are the young; women under 20 are equally likely as their male counterparts to start their own business whereas, by the thirties or forties, only one in three women will do so. This sounds great however, female entrepreneurs are only 13% of all the women working so, there is room for more women to embrace autonomy and authority.

The most likely area for women to enter business is the allied health and beauty industries. This equates to jobs like hairdresser, beauty therapist, counsellor, massage therapist, child care provider and the like. This tendency comes as no surprise – the idea that women prefer to enter professions that involve close personal contact and care is in line with the cultural expectations of women as well as their natural inclinations. If you combine the increasing likelihood of women to start their own business with their preference for ‘caregiving’ professions, you have a huge army contributing to a more civilised, socially responsible, and egalitarian world.

Although being a woman in business has it’s downsides (on average they earn half as much as the average employed women), female business operators consistently report higher levels of satisfaction than their employed sisters. (HILDA Survey 2001-2011). This suggests that women in business need to take the ‘business’ part of their aspirations more seriously which starts during the planning stage which should put emphasis on time management, personal initiative, computer literacy, and financial skills.

You’ll be pleased to know that Australia ranks second highest in the world after the USA (of course) in providing a supportive environment for women starting a business; we enjoy equal rights and leadership from other women that many other countries do not benefit from. In many places just being a woman is a major legal, financial and safety disadvantage. We also have more women than men entering and graduating from tertiary study so the future looks good for women to be educated for success.

As previously mentioned, the hair and beauty industry is the number one choice for most young women (we are a wonderfully vain crowd aren’t we) and a leader in that realm is Stephanie of “Stephanie’s Spa Retreat” in Brisbane. This entrepreneurial women has built a mini-empire of four salon spas in Brisbane City, the suburbs and a Sunshine Coast location. In 2016 Stephanie’s Spa Retreat won three awards at the International Luxury Awards in the spa category – pretty impressive for little ol’ Brisbane. Stephanie does her bit in making the world a better place by providing employment to her staff, contributing to the economy and delighting her customers. I admire Stephanie for not stopping at one location, for becoming a creator of a significant business rather than just working in her business as a therapist – that takes some vision, business skills and confidence.

The next most popular choice for us caring types is allied health specialisations like naturopathy and massage therapy. Government statistics show that there are around 11,000 massage therapists in Australia, many of whom work part-time (remember women want a flexible working lifestyle). This seems like a lot but 5,000-10,000 more jobs in the field are expected to open up by 2018. There are various specialisations in massage therapy and oncology massage is a very emotional and rewarding one according to Asako Ford who founded “Padma Remedial,” a massage clinic in Sydney. Sometimes referred to as cancer massage (rather indelicately I think), the therapist aims to provide both physical and emotional relaxation and comfort to those in dire need of it. Asako used to be a personal assistant but after graduating with a Diploma in Massage has built a small and meaningful business making the world a little better for a special group of clients.

Staying in the field of allied health, community services and counselling is another popular choice for women who feel they have something to contribute. When I was given a personal growth book 25 years ago it changed my view of life profoundly and prompted me to study psychology. After graduating, I worked for Queensland Corrective Services Commission as a probation and parole officer. The first day on the job I found myself in front of a magistrate pleading on behalf of an accused boy to be given probation rather than a prison sentence – I was successful as I recall.

A year later I established my private practice in the western suburbs of Brisbane helping (mostly) women through divorce and establishing new relationships. After 20 years I have spent thousands of hours helping people explore the roots of their struggles, understand their dysfunctional patterns, and establish new relationships with themselves and others. I am proud to have supported men and women who were abused as children to escape the mire of their early experiences and elevate themselves to self-respect, self-love and joy. It has been a massive privilege that has also served my own journey. I have sometimes received precious letters and cards from clients expressing their gratitude for my care and patience; I know I have made a real difference to the lives of a few special people on the planet.

The number of women is business is rising year by year; I hope you’ll join me and thousands of other women and take seriously the opportunity we have to develop ourselves and contribute to the ever-weaving fabric of human life. We are what makes a difference and, with just a little determination and vision, we can matter more than we could ever have imagined.