Michael Newman’s latest ‘e-Wealth Daily’ article is titled “Home Is Where the Cash Is Made”. [‘e-Wealth Daily’ Article]


Michael Newman’s latest ‘e-Wealth Daily’ article:

Home Is Where the Cash Is Made

Recently, I started covering some of the essential things you need in order to run a successful home business. I’ve been thinking that I should expand on that list. So here are a few more essentials that are key to running a home business:

Time Management: The beauty of working at home is that, for the most part, you’ll be choosing your own hours. There may be the odd time when a client needs you to get something done quickly, or you may have to agree to an early-morning meeting; but other than these occurrences, you’ll be working on what you want, when you want. This means no more 8 a.m. to 8 p.m. marathons at the office. You can start at 10 a.m. if you want, or even later. Of course, if you don’t come up with a schedule to stick to, you can get into trouble in a hurry. It’s important to schedule things like cutting the grass, taking the dogs for a walk, going to the gym and picking the kids up from school. All these things will have an impact on your work. For instance, you may have to stop working every day at 3:30 so you can take care of the kids until your spouse gets home. And then once your spouse arrives, will you be! able to get work done, or will you be in demand? Will the house get louder than a rock concert?

Another area where time management becomes important is when it comes to making your availability and the availability of your workspace clear. For instance, people have to know that just because you are working at home doesn’t mean that you don’t still have an important job to do. They need to know the boundaries and that your work time is just that: time to work. Conversely, you’ll have to pick a time to finish work and stick to it. One of the most difficult parts of working from home is having the strength to pry yourself away from the office and relax. After all, it’s right there and so easy to just make a quick response, or touch up or fire off an e-mail.

Communication: Once you get used to the comforts of being at home, you may notice that it can get pretty lonely. After all, there is a good chance that you’ve spent most of your life working with others in a social environment. If this is something that bothers you, set up meetings and gatherings on a weekly basis — especially if you have employees or colleagues/clients that you’re working very closely with.

It is also important to communicate regularly with customers, contractors or anyone who is involved in a project with you. Since you’re not in the office with them, you’ll have to make plenty of phone calls, send e-mails and constantly follow up. Also, depending on your familial situation, you may need to install an additional phone line or purchase a second computer.

Along with saving on the price of gas and eating out, you’ll also be able to make deductions on your tax return by working from home. You’ll be able to deduct the cost of the square footage of your home that is used for the business, as well as a certain percentage of your utilities such as the phone bill, electricity, Internet and heat.

Once you’ve got a better idea of how to maximize your success while working from home, the sky’s the limit!

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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