Okay, this article may not go down well with a few people, but it will prove helpful for many others. It’s time to truly take a look at yourself and ask – are you truly cut out for entrepreneurship? This is a serious question and if you can’t answer it, then find the answer first before you start.
Many times when people begin self-employment, they overlook what their passions are. They might get into something that they might think is a good niche just because they see others succeeding. But that does not mean you will succeed as well. And the reason behind this is because it might not connect with your passion. When was the last time that you did something you were passionate about and decided to quit because you failed at it? Most likely you kept at it until you became successful, correct? Well, the same applies to getting involved in the Entrepreneurship field. Think about what passions you have in life. Make a list of those things and see how you can identify a niche that relates to your passions. By doing this you will be able to connect your WHY to your passion.
My friend works in an NGO (called Janaagraha) that was started the same way. A frustrated couple working in the US returns to India to help create a better local governance. Hard work, dedication and some time- they now have international IT company CEOs and Forbes magazine corporates on their advisory and funding board.
Just because you Work from home, doesn’t mean you have to be at home to work. Changing your scenery by going to secure WiFi hot spots, aka the local Starbucks, library or a park, is a great way to break up the monotony of being at home. I’m sure I’ve spent a small fortune buying coffee and tea while working on my business at Starbucks, but it has also brought me some meaningful connections by networking with other business owners and a great change of scenery.
Either hire an employee with all the bells-and-whistles, or outsource it. There is a new group of independent contractors called Virtual Assistant (VA). Some local VAs are part of outsourcing companies as well. Decide if you would prefer to deal with another companies or an individual. Companies could mean reputation and cost more, individual means professional yet personable and sometimes, costs less.
All of the things your secretary at your day job used to do, now you have to do. All the things that the owner did at your day job did on the phone and computer did while you was out in the field, now you have to do.
Really, the increasing toll of unemployed graduates has forced many to look inwards. Ironically, this situation has its positives. In those days (as we were been told), as a graduate, you have an assurance of a good job awaiting you. But today, the reverse is the case! Even with your M.Sc or MBA, you may need to back it up with a professional certificate and several years of hands-on experience.
Clearly, there are many things that can be done to optimize productivity at home. Remember this article when you are setting up or building a work from home business. May your business prosper and grow!