Planning Your Home Business...

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In This Issue:
Quotes of the Week
The Importance of Planning For Your New Home Business
Bookmark - Follow Every Rainbow
Inspirational Words
Spiritual Centre
Story Time
Time to Smile
Feedback

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"Change Gears" eZine is a no-cost electronic newsletter dedicated to helping people be more effective and fulfilled--to be masters of change instead of victims of change. What follows are tips, strategies, quotes, resources and shortcuts to getting more done in less time and having fun in the process--to living a more productive and fulfilling life. We're always on the lookout for information to help you live and work more effectively.

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Quotes of the Week

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He who loses money, loses much; He who loses a friend, loses much more; He who loses faith, loses all. - Eleanor Roosevelt

Nothing will work unless you do. - Maya Angelou

Laugh at yourself, but don't ever aim your doubt at yourself. - Alan Alda

Slow and steady wins the race. - Aesop

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The Importance of Planning For Your New Home Business
Kevin Sinclair

You've decided to start your own home business, perhaps because you hate your current job and loathe getting up early in the morning to travel to work every day, or maybe because you regret not being there to see all the milestones in your children's growth. You could be approaching retirement and worrying about the lifestyle you will be forced into.

Whatever your reason, starting your own home business will give you flexibility and if done well, will bring in that extra income you are after. Even if your funds are very limited, you can still get going by starting part-time while you work your regular job. The important thing is to plan, know what you want to do and then get started. Plenty of other people have built a very profitable online business working from home and so can you!

Be aware that almost half of all small businesses fail in the first five year of operation and that your profits may not come as quickly as some advertisements would have you believe, but if you plan well, are committed to action and just keep following the steps, you will make it happen.

The following are basic steps to follow that will help you keep on the path to success with your own home business:

1. Vision
Know the big picture of where you want to go, what you want to achieve and why you want to achieve it. See it in your mind, imagine that you have already reached your goal and feel how that would feel. The more emotion you put into your vision, the more likely you are to succeed. Most entrepreneurs have had such a clear vision.

2. Planning
This is where you set your goals; make them:
(a) specific
(b) measurable
(c) achievable
(d) timely, meaning they must have a deadline

3. Options
Consider all your options then decide on one course of action that suits you best right now. Some things to consider are:

(a) What kind of work can you do from home?

(b) Suitability
What fits with your skills and your interests?

(c) Costs
Work out what you can afford to spend to get your new business established and then see what home business model fits within this budget and your interests.

(d) Business structure
You can be a sole trader, form a partnership, a company/corporation or perhaps just start out as a hobby. Some of these structures cost money to set up, but may suit your personal circumstances better. As always, understand the options, then decide what is best for you.

(e) Registrations, tax and other legalities
These will depend on local regulations and the business structure you choose, but whatever they are, you need to make yourself familiar with them.

(f) Personal and family issues
It's always best to discuss your business plans with your family, even when they will not be involved in the business side. You may need to share resources, such as computer/internet time, perhaps desk or table space if you will not have a separate office, you will probably have family commitments, but you also need to make sure you will be able to have quality time to work on your business and not be expected to drop it for other family matters just because you are at home. It's important that everyone in the family acknowledges that you are running a business and not just toying with it.

(g) Enjoyment
You have to like this work! You will appreciate (and studies have proven) that when people really enjoy their work, are even passionate about it, they willingly put more time in, are less likely to give up and therefore are more likely to succeed.

4. Action
Consistent ongoing action, small steps + consistency = success

(a) Do something on your business every day for 21 days. This will form a habit of doing it and make it easier for you to commit your time.

(b) Prepare a brief outline for each day of the week. This lets you start right in on the task planned when you might otherwise be tempted to spend time reading emails or web surfing. The outline can be very brief, just one line for each day is OK. Your list will depend on your business and the time you have available, but could be something like this:

i. Monday - write a draft for an article
ii. Tuesday - post to your blog, send an email follow-up to your list or submit comments on someone else's blog or a forum
iii. Wednesday - polish your article and submit to article sites
iv. Thursday - list another product on eBay or on your website
v. Friday - research for new products, articles etc

(c) The weekly planning session is also a good time to evaluate how the previous week went. If things did not go as well as you hoped, don't be disheartened, see how you can do it better next time.

5. Repeat this cycle over and over. You do not always have to have the same business model, but the steps will apply to any model you choose.

6. Success will come inevitably when you follow this pattern.

To make it easy to remember, these steps are labelled WHY, WHAT, HOW, NOW steps (where Now means Action or DO IT!)

The importance of planning sufficiently or effectively cannot be stressed enough. If you want your business to be successful (and you do, or else why bother to start at all?), make sure you plan well and then keep taking action based on your plans.

Stop and reassess your progress periodically, make changes where you can see a better way, but keep the momentum rolling and your home business will be a success.

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Bookmark - Follow Every Rainbow
Author: Rashmi Bansal
Price: Rs.135/-

Entrepreneurship by women is still considered as a taboo in some sections of the Indian Society. While there are numerous such hurdles for women, Follow Every Rainbow presents us with the stories of 25 women who fought their way through difficulties and achieved their dreams. Juggling family responsibilities, these 25 women entrepreneurs have proved that women though being different from men, can be equally successful. Follow Every Rainbow is divided into three sections named Lakshmi, Saraswati and Durga, each representing unique women power. The section Lakshmi is devoted to entrepreneurs, who with the support of their family achieved success and also made it a point to not compromise family over work. The section Durga is about women who had to fight all hindrances that came in their way and had to battle for their dreams. The last section, Saraswati consists of the stories of educated women entrepreneurs. Ela Bhatt, Neeti Tah, Namrata Sharma, Patricia Narayan, Leela Bordia, Jasu Shilpi and Meena Bindra are some of the women entrepreneurs whose success stories are included in the book. Follow Every Rainbow inspires with every story and presents us with unique lessons that stay with us through a lifetime. The book was published by Westland on 4th March, 2013 and is available in paperback.

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Inspirational Words

Goals are my north star. My compass. The map that guides me along the road I wish to travel. Goals are motivations with wind in their sails - they carry me forward despite the storms. - Richelle E. Goodrich

Time is the most precious element of human existence. The successful person knows how to put energy into time and how to draw success from time. - Denis Waitley

Two things a man should never be angry at: what he can help, and what he cannot help. - Thomas Fuller

To reach a great height a person needs to have great depth. - Anonymous

The chains of habit are generally too small to be felt until they are too strong to be broken. - Samuel Johnson

Try, try, try, and keep on trying is the rule that must be followed to become an expert in anything. - W. Clement Stone

The gods help them that help themselves. - Aesop

Please all, and you will please none. - Aesop

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Spiritual Centre - Tolerance

Tolerance, as taught by Master, is not a virtue but a definite duty enjoined on the abhyasi. No system can ascribe to itself exclusively either total importance or total effectiveness. If a mountain has a summit, it is because it has a base to support it!

(C) Shri. Kamlesh D. Patel - President, Shri Ram Chandra Mission - https://www.sahajmarg.org

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Story Time - The Musical Genius

Let us enjoy reading this one of Birbal Stories of The Musical Genius.

Famous musicians once gathered at Akbar's court for a competition.

The one who could capture a bull's interest was to be declared the winner.

One by one, they played the most heavenly music but the bull paid no attention.

Then Birbal took the stage. His music sounded like the droning of mosquitoes and the mooing of cows.

But to everyone's amazement the bull suddenly became alert and began to move in a lively manner.

Akbar declared Birbal the winner.

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Time to Smile - Life is Like That

She's Googling My Name...

I think my neighbor is stalking me as she's been googling my name on her computer...

I saw it through my telescope last night.

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