Resident Agents of Nevada

I've enjoyed reading some tips on a British site http://www.ivillage.co.uk

Here's a brief overview of an article that addresses mistake that somebody with a home office can make-by knowing maybe you can avoid the same mistakes.

• Not bothering to do your homework about your business idea
• Failing to get the support of your family (boy this is a biggie!) There is no doubt that if you are working at home it will interfere with the family dynamics
• Having insufficient savings to bolster cash flow before the business gets going. You need all your energy to focus on the business without worrying about money
• Neglecting to write a mission statement. What makes your business unique.
• Thinking that it isn't necessary to set a schedule. You need to set office hours and stick to them-this is so your clients know when to reach you and, as important, when the family knows you'll have time for them.
• Not carving out a workspace exclusively for your business. Have a "real" office and do you work there-not at the dining room table!
• Being too timid about negotiating fees. Ask for the best deal. Every penny you save can be invested back into the business or push to the bottom line
• Getting backlogged on bookeeping. Make sure to send out invoices in a timely fashion and keep good track of expenses. Invest in Quicken or another bookkeeping software program and learn to use it or find somebody that will do it for you.
• Believing working from home means having it all-it's always hard work to make a new venture successful.

Sandy, 775 882-4641, agents@nevada.org

Resident Agents Of Nevada, Inc. http://www.nevada.org/