Are you thinking about working from home to spend more time with your kids, earn more money or have more work/life balance? Are you tired of your micro-managing boss, working 50 hours per week and having no freedom? I was too for many years until I discovered the beauty of working from home. I am not the only one. The majority of people I know have left corporate hell and have set up home-based businesses.
Just a few home-based business ideas:
- Real estate agent
- Financial planner
- Hair stylist
- Corporate recruiter
- Computer/software sales
- Insurance agent
- Home inspector
- Home decorator
- Cello, piano and violin teacher
- Personal fitness trainer
- Massage Therapist
- Website developer
- Website programmer
- Professional blogger
- Child care provider
- Direct sales of Mary Kay, Rodan+Fields, Silpada, and Scentsy products
Some of these people are executives, some administrators and some artistic freelancers. Either way, a majority of administrative and artistic jobs can be allow people to word from home these days thanks to the internet, email and cell phones.
If you currently go to an office job every day, ask your boss tomorrow if you can start working from home 2-3 days per week. Additionally, after you have proven yourself to be successful working from home part-time, ask your boss to work from home 5 days per week, and voila!, you are out of corporate hell.
If you are thinking about starting your own home-based business from scratch, here are a few things you should know:
Your best friend is a good attorney
I have been in business a long time and I have seen too many snakes sue “the little guy” over the most minuscule of things: non-compete clauses, logos, company name, trademarks, etc…
Before you launch your business, make sure you have all of your ducks in a row legally. Most attorneys will offer a 30 minute free consultation to advise you. Then you will pay $200-1,000 to actually hire the attorney to do all of the paperwork. It is money well spent. Don’t skip this process or you could end up in a lot of trouble down the road.
Invest in a business idea that you truly love
Starting a business can be very frustrating and there will be days you want to quit. If you are selling a product or service just for the money, then you will quit when the going gets tough. If you are passionate about your product, you will tough it out through the thick and thin – and the work you do won’t always feel like work.
Create a business that can run on auto-pilot and generate income while you sleep
There is nothing more valuable than earning money while hanging out with your kids, enjoying a vacation at the beach or in the middle of the night. Being a prisoner to your home office isn’t much better than being a prisoner to a corporate office.
Insurance sales is a great way to build up residual income and get paid on the lifetime of that business. Even my daughter and her 7th grade friends have figured out the power of online sales. My daughter sells her gently used Ivivva and Lululemon athletic clothes on Instagram. Her friend Sophie has a slime account on Etsy and she has dozens of orders rolling in every day while she is at school. If 7th graders can figure this out, so can you!
Make sure your business doesn’t require you to work more than 40 hours per week
The whole point of working from home is to have more freedom, more time and more happiness in life. If you have a successful business but you are working 80 hours per week, I would say you have less freedom, less time and less happiness in life.
Of course, when you first launch your business, you will work day and night to get it off the ground. But after 1 year, you should be able to delegate many tasks to other people and focus on the one or two tasks you are best at doing (see next step).
Find 1 or 2 aspects of your business you are extremely good at going, and outsource all the rest
For example, when launching FatNoggin.com, I knew I was really good at writing content, marketing and sales, but terrible at everything else. So I have outsourced all legal needs, accounting, website design, marketing materials, etc…
Even if you think you are good at “everything”, it is impossible to run a successful business when you wear too many hats. You will be much more successful if you do one job exceptionally well rather than trying to do 6 jobs and being mediocre at all of them.
Surround yourself with smart, talented people
Yes, this is an ego crusher for most people. But you must face the facts: there are people in your community who are much smarter and much more talented than you. Get to know these people. Rack their brains. Ask them for advice. You will find that by surrounding yourself with successful people, your chances of being successful will quadruple.
Never ever quit
If you read the stories of the most successful people in business, entertainment, sports and life, you will find that the majority of them faced hash adversity and rejection at the beginning of their careers. Read their stories. Let them inspire you. If you stay, it will pay. Never ever quit.
Educate and inspire yourself
Read dozens of books on sales, marketing, leadership, inspiration, goal-setting and money management. If you are not learning, you are not growing. One nugget of information in one book could change your business and your life forever. A good book is the smallest investment with the greatest rewards!
What have you done to have a successful work-from-home career? How do you juggle work and kids? Please share!
If you found this article helpful, share with your friends!
photo by Pexels