For sure you have already read some stories and the good fortunes reported by entrepreneurs who have gone online to start their own businesses. Most of these stories are true and based on success stories of entrepreneurs who managed to capitalize on the promises of the web.
Up until this time, there's still that mad rush to leave one's day job, set-up a website and build a business empire. But it should be kept in mind that not all of those who are online managed to become successful.
Some faltered and bowed out from the industry to pursue other opportunities. The reasons for failure are many but there's one reason that tends to crop up in most sad stories- failure to balance family requirements and business needs.
If you are planning to venture into a home-based business make sure you pay attention to the importance of work-life balance. Here are some recommendations on how you can come up with the right work-life balance that can help you jumpstart your business without upsetting your friends and family members.
How to strike the best work-life balance for your startup
• Don't just go solo when you start this startup venture. It's best if you can involve household members in the development of your own version of the strategic plan. If they are in the planning process, then it's easier for them to accept odd schedules and requirements of the business;
• Learn to delineate family (or social) time from productive time with your business venture;
• Manage your time making sure that you can pay attention to all the major requirements of the business in a day. There will be times when there are household interruptions that will happen from time to time. To avoid interruptions, try to position the home office away from the living room or the area where the television is located;
• Try to come up with a schedule that will itemize your time for business and time for family bonding and your social life. for example you can use 9-4 pm as your business hours and the rest will be devoted to family time and social life and;
• Focus on the business when your kids are older and stick to part-time gig if they are still very young.
Since this is a household venture, it is critical that you involve those around you. You'll be surprised at the support that you'll get if you make this happen.
Malvina Mancini is an Online Marketer specializing in Lead and Cash Flow Generation for other serious Online Marketers.
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