Friday, 18 November 2011

Managing Home Based Business Online - 2

In the first part of this series of articles on managing your online business at home, I wrote about the responsibilities of management and many features that you rolled into one if you have your own business owner single, non-employees. Your task is perhaps the most difficult of all management. You must manage yourself in all these areas of your business such as finance, marketing, purchasing and processing.

I think if you think of your new home business as having different management areas to focus on, you're more likely to succeed long term. If you can adopt some of the techniques of good management, you will end up with a stronger company that will stand the test of time. You will be a better decision maker, and it is the decisions that dictate the progress or downfall of any business. The decision must be numb and as scientifically as possible, but as much as should be based on common sense. Good management is often a matter of common sense, so I think you are, whatever your background, you can run a successful business limited only by your ambition.

Other virtues you will need a lot of patience, and this area, where you definitely need to handle alone. Impatience brings the feelings of their own. It also brings self-criticism, or criticism from others, when there is either deserved or necessary. Patience, realism and common sense, together contribute significantly to making a good business manager. They have three attributes, you'll get a good opportunity to learn leadership skills in the context of small business. You can learn the various business functions and interact with each other.

It is not easy, but with time, if you apply, it falls all right. And 'here that patience is important. Your age or background does not necessarily matter. I know that my late 20-I do not understand the business and as we all have together. At 30, I knew that I needed some kind of professional qualifications, and I decided to managerial accounting. Syllabus was tough, and 18 exams in 2 and a half to 5 years. What surprised me was the variety of issues to be addressed. Her examination of company law, commercial law, business, business planning, marketing, production, decision making, cost accounting, management accounting, mathematics and statistics. Each subject was very different. Then at the end, I suddenly realized that they are all knitted together. I hated (law) and loved (marketing), it was all true system.

You, of course, has no reason to study or to be an expert in all these things. But it helps to at least be aware that some of them are in their way, essential to your success. If you take a long view of things you should be if you're serious about having your own home business, you have a lot of time learning about these topics that are most critical to your business:


Whatever your business, this function is very essential for you to understand and operate, so when it comes to learning everything possible, financial management is a priority. Much of this is again common sense and realism, and there are many tools around to help you maintain a good financial history. But as I mentioned before, is that decisions to dictate the course or dropping of any business. All the decisions have a financial impact on your business. However, a good financial history alone will not bring the reward of better decision making. To maximize the benefits of home business, you may find it useful to others, no financial records with their decisions. I'll discuss this more in Part 3 of this series.


Marketing is what I love most in the industry, and it is equally important for all the finance companies free. With an online business, the marketing side is constantly engaged in the area of ​​competence. Offline marketing is a long time ago, a well known phenomenon. Online, it was not established at all, it is still evolving and changing. You should be aware of what is happening in the world of internet marketing, what happened and what is likely to happen. Always remember, however, will always be the financial impact of your marketing decisions. You are apparently willing to take risks, as you have started or are starting your online business at home. As a manager you need to balance the company's marketing and financial conflicts that arise. You have to find the right balance. If the CFO, you're too risk-averse, you can not suppress the growth of your company.

If the marketing manager who is too arrogant and unrealistic about sales prospects, which can ruin your business in one or two hasty decisions. More on this in Part 4.


If you work full time online, or even a part-time, it is always necessary for the development of software and internet arenas themselves, and maybe at times hardware. You can run the software, both to improve efficiency, makes life much easier or takes you to a new and better way of working. This is another area where knowledge is power. You need to be competitive, and sometimes met with a new software that will make you more competitive. Try to follow the things that the software on the market, because it affects your business.

Time management

Although not a function such as finance or marketing, while working alone at home, you will find that time management is the key to its success and the pleasure of working at home. This is something that should always be aware and make conscious decisions about. I'll write more on this in Part 5.

The above are the main areas where you need to show your business in a management perspective, and the list is not exhaustive. However, pay attention to the perspective of a manager, and should benefit in the long term. You will have to make the leap from being "paid" for the "boss", even if you're the only one who can be "boss".