What Are The Key Assets For Juggling Home Life With A Home Business?

Running a small business operation from home has become a very popular avenue for entrepreneurs. Quite frankly, it isn’t hard to see the appeal. Not only is an opportunity to take control of your destiny, but it also enables startups to be launched on far smaller budgets. Moreover, you only need to spend five minutes online to find an array of success stories for continued inspiration.

 

But don’t be fooled into thinking the road to success will be smooth. You’ll inevitably encounter a number of difficult turns along the journey, not least when it comes to finding that balance between work and life.   

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Take note of the lessons below, however, and you should be just fine.

 

  • Create a designated workspace: An effective and lively home office isn’t only the hub of your entire business. It also distinguishes the difference between work and leisure. This can have a telling impact on your personal mentality and motivation. For parents, it also serves as a clear indicator to the kids. If you’re in the office, you’re in work mode. If you’re anywhere else, family time is on the agenda.
  • Utilize your time: When running a home business, it’s easy to believe that the pressure is off. However, the modern world of commerce evolves rapidly. Fail to use time effectively, and you’ll always be one step behind the crowd. Read Arcadier’s marketplace blog to stay ahead of the latest trends, and act upon that knowledge. Otherwise, you’ll find that your time is constantly spent playing catch up.
  • Build a team: Business never clocks off, but it’s important that you do. The best way to do this is to surround yourself with a winning team of remote-based employees. Not only will this increase the overall workflow, but playing to the strengths of each team member will generate far greater outcomes. Most importantly, knowing that your company is in safe hands will allow you to enjoy leisure time too.
  • Invest in the best technology: Whether your venture is a localized operation or a global service doesn’t matter, modern tech is key to your progress. Without the right facilities, progress will be hindered badly. Maintain the health of computers, and always use the best software and accessories for all operational features. The time and money saved will fire you to greater success while the lack of stress will benefit all aspects of your life. Ignoring this would be a major disservice to yourself.
  • Pay yourself: Everyone knows that you need to invest money in the business to help it grow. However, starting a company is meant to benefit your life rather than harm it. Read Entrepreneur’s guide to finding the right remuneration level, and it should encourage balance. Essentially, finance has a huge role to play for both the company and your personal lifestyle. Ignoring this element isn’t an option.

 

Getting those elements in place won’t guarantee success, but they will give your chances a serious boost. And when you do, you’ll be in a far better position to enjoy it. If that doesn’t inspire you to focus on those key aspects, what will?

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Times Change; Will Your Business Strategy Change With Them?

The future is coming.

 

As a business owner (prospective or established), you are probably used to thinking far ahead. In the midst of one quarter, your mind is already turned to the next one, and the one after that. It’s the only way to run a business. If you don’t keep your finger on the pulse, then you will quickly find your company being left behind.

 

Mostly, however, you will be focusing on your business. As you do that, with a short-sightedness that intense scrutiny affords, you might not have the opportunity to notice the world is shifting around you too. While you focus on your one sector, everything else might change – and these changes pose just as much of a risk to you.

 

The Future Of… Employees

 

When you’re an employer, you are keenly aware that you are responsible for the livelihoods of many people. In rough times, it can weigh on your conscience. In good times, you are delighted to have a staff of reliable employees who have made this possible.

 

However, employment practices are changing. Contracts are changing; many people want more flexible working than the standard nine-to-five. You need to keep an eye on political changes in case they impact employment law. And you need to be aware of how technology might allow you to reduce your workforce, or at least transfer them into other roles.

 

The Future Of… Your Business Partners

 

Focused on the immediate business aims, you can lose track of the human side of things. Do you have measures in place to protect your company if something happens to one of your fellow owners? Or, if you’re a sole trader, what happens to the company if you can no longer run it?

 

Uncomfortable as it might be to consider, you should be considering key person life insurance and ensuring your will is up to date. You have a responsibility to your staff to ensure that times may change, but they will always have a job to rely on.

 

The Future Of… Globalization

 

If you import any aspect of your business – from materials to end line products – then you have to keep an eye on political changes. The current force of reform is towards an anti-globalization switch, bringing back home-grown manufacturing and reworking trade agreements. If this happens, are you going to be able to cope? Do you have alternatives in place? If not, spend an afternoon thinking of an alternative strategy – a contingency plan that you might not ever need, but will be glad to have if you find you do.

 

The Future Of… Technology

 

Mentioned above, technology may one day trim your workforce as machines and computers can do the same work as humans but without the need for sick days and money. Are you ahead of the curve on this? Do you know what to expect, and have you considered the legal and ethical implications?

Considering all of the above might sound like a full-time job in and of itself. However, setting aside a few days a month to open your eyes to the rest of the world and ensure you’re ready for what’s going to hit is the only way to ensure your business is in safe hands.

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Let’s Talk About Retirement

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It may seem like a long way off, however retirement is probably going to sneak up on you a lot quicker than you expect.  Besides, if you are really lucky you might even be in a position to retire a little earlier than most.  So, let’s have a quick look at what you need to be prepared for and how to ensure a happy retirement without any major hiccups.

 

Firstly, if you own a business then it pays to have an idea of your business exit plan.  Will you have children who may want to take on your role?  Perhaps you will sell the business after building it up.  Or is your company more of a lifestyle business which will also retire along with you.  Understanding the future of your company and how to retire from it when the time comes, can help you prepare for any tax implications or costs involved.  So get some advice during the early stages.  You can always tweak the plan if things change over the future years.

 

Retirement brings with it a lot of change.  You will, of course have a change to your routine.  You will also have a major change to your income.  However the changes to the amount of tax you have to pay are an area you need to get to grips with pretty fast.  You need to find out how your pensions are taxed and when interest on your savings might be paid tax-free.  There are also increases in the amount we are allowed to save through an ISA too.  So get all your ducks in a row and keep on top of any changes that happen during government change or annual budgets.

 

Working out your income is vital.  So preparing for this at an early age will ensure you have a little extra cash to play with.  Hopefully your outgoings will reduce dramatically.  If you have a mortgage it is a good plan to work towards paying this off 10 years before you want to retire.  This way you will have an asset which could support you should you need any expensive health care in older age.  It will also ensure you aren’t paying out large sums of money each month.  

 

Around 5 years before you intend on retiring it is important to work out a daily budget.  Looking at all your pensions and savings you can roughly work out how much of a daily living allowance you have.  It is also a good time to factor in what legacy you want to leave for your children.  

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Planning for your retirement should be something you bear in mind the moment you start working.  You can pay more into a pension and create interesting investments which will release equity upon your retirement.  So get creative, get advice and get prepared as soon as you can.  Even if you are thirty years away from the big event.

 

Then sit back and work out how you will use up all that spare time.  

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Awesome Solutions to Work From Home Woes

Ask anyone who goes to work in a busy office every day, and they will tell you they are jealous of those that can work from home. And to an extent, they are right – working remotely from the comfort of your home can be a great experience. But it’s not without its issues – and I’m going to go through some of them with you today, and provide a few simple solutions to common work from home woes.

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Separating work from home life

 

According to https://www.psychologies.co.uk, one of the biggest benefits of working from home is also one of its most major issues. Working from home allows you to spend a lot more time with your family, and it can be amazing being around the kids, never missing a crucial moment. But at the same time, there are constant distractions to overcome. You need to tidy up before you can get a clear head space to work properly – no office cleaner for you to rely on! The kids can come in at any given moment, and if they are upset about something, no project is more important than dealing with that. The solution? Be vigilant with your time, and ensure that everyone knows that work time is precious. It won’t always work out this way, of course, but if you can get into the right routine, you should overcome all of these issues.

 

Isolation

 

Loneliness quickly becomes apparent when you start working from home. You might miss the camaraderie of office life or the water cooler chats and jokes with many different people. Working from home alone is a little like being in solitary confinement, and it can cause problems for some people. Make sure you are getting out whenever possible – attending networking events and meeting clients, for example – if you want to avoid isolation issues.

 

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It can be hard to be taken seriously when you work from home. Can you guarantee that your clients will offer you business when you are competing with more professional operation based in an office? It can be a tough sell, and in many cases, you have to work extra hard to prove yourself. If this is a big problem for you, consider getting a more professional business address – in a coworking space, for example. According to www.hoxtonmix.com, not only can coworking space give you that critical professional business address, but it can also give you access to a community of people. Plus, of course, if you need help with a particular aspect of your business, you could find it within the hub and get aid and assistance for anything.

 

Discipline

 

When you don’t have a line manager of boss physically breathing down your neck, it can be easy to take your eyes off the ball with work. Perhaps you are doing something boring, and fancy a nice cup of tea. Then you might read the newspaper, or open a few emails. By the time you start work again, you’ve lost 60-90 minutes – maybe even more – and have achieved nothing. Make sure you are focused and working efficiently and remove all distractions as much a possible.

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Help Your Home Office Come To Life

A lot of us are now opting to work from home. After all, it can be so convenient to just move to another room in your house in the morning. And it can save you a lot of money when it comes to commuting! And with offices becoming a lot smaller, businesses often prefer you to work in your own space, especially in creative positions. But you need to make sure your home office is appropriate for your role. After all, you don’t want a room where you struggle to concentrate every single day. Therefore, here are some ways you can make your home office come to life.

 

Opt for a professional desk and chair

 

While that makeshift desk might be working for you at the moment, it’s not going to put you in a professional mode! In fact, it might delay you getting on with your work. Therefore, you need to make sure you opt for a professional desk and chair which will make you feel like you are at an office. And it will help to transform the spare room into an office. You can look for desks online which have been previously used at offices. Opt for one with drawers which will have space for all your belongings. That way, you can keep paperwork and stationery close to you. And make sure you get a good office chair which will keep you comfortable during the work day. After all, if you opt for a cheap chair, you are going to end up getting up and moving around during the day. Therefore, make sure you get an appropriate chair which will leave you comfortable for hours on end!

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Add plenty of light to the room

 

A lot of people make the error of working in a room in their home with little light. But light can give you a boost you need to get on with your work. In fact, if you are starting to drift off task, some light can ensure you carry on with your day. And in the long run, it can help your vision working in a light room. But if you are limited to windows, it might be worth looking at getting some extra lighting for your work office. For example, a LED panel light would be great to ensure your room gets a ton of extra light. In fact, you can add several in the room to make sure it comes to life.

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Limit non-essential work items

 

It’s quite tempting to put extra items in the home office like a bookshelf and a TV. But these items could end up putting you off your work. And you know how easy it is to lose concentration and procrastinate anyway! Therefore, it’s important to just put items you need for your job in the room. And if you want something a little extra, opt for some inspiring artwork or quotes which you can hang on the wall. After all, these will spur you on when your day isn’t going well!
And it’s worth getting some form of a lock to ensure nothing can be misplaced in your home office. And it can stop important paperwork getting into the wrong hands if someone did break into your home. Check out my previous blog for some ways to secure the office.

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Dust Yourself Off And Get Back On Track

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Do you ever feel as though you don’t have enough confidence in your work? Perhaps you are completing your job to the best of your ability, but something just isn’t clicking. It doesn’t feel right, it feels as though something is missing. You begin to doubt yourself. Maybe you lost it, maybe you never had it to begin with? This is always going to be a slippery slope. Even if you weren’t delivering inferior work, doubting yourself will cause you to match your own expectations. Thankfully, there are ways to combat an issue with confidence in your job. Here are some of the possibilities that you can consider.

 

Diminish Stress

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It’s entirely possible that the reason you think you’re not handling your job effectively is that you are too stressed. In fact, you could be so stressed that you’re hardly getting any sleep through the night. In this type of scenario, things are going to start slipping through the cracks. You will begin to deliver a service that isn’t up to the standards of your business. So, we need to look at how to cut stress out of the equation. One of the best ways to deal with stress in your job is to complete a little exercise through the day. By exercising, you can make sure that your body is dealing with the tension. If you go for a run every couple of days, you can leave that stress behind you on the road.

 

Get More Training

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Okay, perhaps you really aren’t delivering the level of service that your employees would expect from you. Don’t panic, you can still turn things around. You can do that by getting further training for your position and ensuring that the situation does improve. We can look at the medical industry as an example of this. On a site like Providerskills.com, you can find some great courses for medical professionals who want to hone their skills. Here, they’ll be able to practice completing treatments and may even be able to learn skills in brand new areas of medicine. It’s a fantastic way to get your job performance back on track, and it’s certainly not the only industry that provides this possibility. There are plenty of training courses online for every job and sector. You just need the initiative and the desire to improve.

 

Confer With Your Employer

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No employee wants to admit that they are experiencing difficulty in their position. But is it better for you to point it out or your employer when things have fallen too far? The answer is certainly the former because this way you are accepting and admitting your own failings. You can then work with the person who hire you to improve things. They might even understand the reason why you’re falling short and be able to focus your efforts on improving. Or, they might decide that there is another position in the company that is a better fit for you. For this reason, it’s always worth talking to someone if you’re struggling in your business. You can look at how to talk to your boss on Themuse.com.

 

We hope you find this advice helpful and wish you luck with your future endeavors.


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4 Routes to Success in a Life of Less Stress

Living a life of less stress is something that most of us aspire to. Unfortunately, with so many work and family pressures weighing on our minds, this is something that isn’t always easy. The real skill comes from being able to compartmentalize the different parts of our lives so that they don’t overlap. If you find that stress is negatively affecting your life, here’s some advice for getting back on track.

 

Get A Good Night’s Sleep

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We all know the stress relieving qualities of a good night’s sleep, but the problem is that too much stress in your life affects your sleep, leaving you more tired and stressed. And so the vicious cycle continues. If you find yourself struggling to drift off, try writing down all your worries in a journal and leave them until the next morning. Remember, it’s very unlikely you’ll be able to solve all the world’s ills from your bedroom! Get into a steady bedtime routine so your body naturally becomes prepared for sleep, and try to relax yourself close to bedtime. This may be by listening to music, meditating or some gentle yoga.

 

Cut Down on Screentime

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First and foremost, watching TV or playing on your laptop too close to bedtime can interfere with your sleep. The light naturally disrupts your body’s ability to produce melatonin which is the sleep hormone. It can also be very stress relieving simply to get away for your screen for a little while. Social media in particular can be a problem as it often doesn’t do you any good to compare your life to those you see on there. Remember that it’s a highlights reel and everyone will be dealing with their own issues even if it seems like they’re on holiday all the time!

 

Take Time to Yourself

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Even if you can only set aside a few minutes every day, this time can be invaluable in helping you to recharge. Many people find taking a bath can be very stress relieving so take a look at the advantages of steel baths vs acrylic baths if you’re thinking about investing in a new one. Other people prefer to read a book or listen to some music or a podcast. Taking some time to decompress from the stresses of life is extremely important for everyone.

 

Focus on Exercise

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Getting into an exercise routine can be a great way to focus your mind away from your other stresses in life. If you’re in the middle on an intense spinning class or at match point in a crucial tennis match, it’s very difficult to focus on anything else! Exercise generally provides a sense of balance to our bodies and minds, helping to significantly reduce stress. Even a long walk can help get your mind focused and sort through some of the jumbled problems which race through our minds.
These are just four methods for reducing the stress in your life and getting you back on track mentally and emotionally.

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