Starting a Home Based Business – Tips for Choosing the Right-Fit Model

Everyone loves to make extra income, or an additional income stream, but not everyone takes action to realise their “extra income dreams”. However most people know that starting their own businesses, part-time or full time, can lead to realising that dream. That is so true, as confirmed by one of America’s top motivational speaker, Jim Rohn who said “Profits are better than wages; wages make you a living and profits make you a fortune”.

Not many people take the steps to setup their own businesses, for one reason or the other including keeping a busy Full Time Job schedule, and being unsure of a business model that can fit into their current limitations – time and budget.

The idea of multiple streams of income is one which many people wish for only if they “had enough spare time” to start their own businesses – part-time or full time, at home or at a commercial location. While starting a business is a dream for many, many people never seem to get around making it a reality, usually because they believe that a business would demand more spare time than they currently have from their full time job.

The truth is that many successful entrepreneurs today started from moonlighting from home, until their businesses became big enough to justify their full attention. Starting off part-time is the best way to test the waters of business ownership. An online business model is one of the best part-time business models available for people with limited spare time and budget.

An online home business model is one that can be run successfully with only a few consistent hours daily. This model can be adopted by anyone, irrespective of what business they want to go into. Yes, any kind of business – service or product – can be done successfully through the online home business model.

Has time and budget constraints prevented you from starting your own business?

Are you a nine-to-five person, a stay at home mom or dad or a college student looking for a home business model to generate extra streams of income and also staying on a tight budget? An online home business model may just be the best fit for you.

There are lots of business models to choose from today than ever before, because there are now so many different types of businesses. You can start a business full time or part time; at home, online or brick and mortar in a commercial location. However, choosing the right business model would play a huge part in your business success. The key is to find and adopt a home business model that fits into your personal, family and business plans.

4 Sure-Fire Tests for the Right Business Model

The right business model will ensure that you:

– Spend the right amount of hours each week;
– Take the right level of risks;
– Are practical with your finances; and
– Gain the kind of satisfaction and success that you can dream of.

What to Consider Before Starting Your Own Online Home Business

– Decide on how much time you can, and want to devote to your business daily. Will you decide to go with a full time business model which means leaving behind whatever it is you are currently doing and devoting all your time to your new business venture?
– Decide on how much money you want to put into the business – startup and running cost.
– What risks are common with the business you want to go into, and the model you choose to run it? Brainstorm possible ways you can prevent those risks?

In conclusion, if time and budget have been your constraints to starting your own home based business, you should consider an Online Home Business Model.

The first step to taking action is to learn how to market online for results, on budget time and money. You should also learn to understand the behaviours of online buyers and what makes them buy. When you know these you’ll be able to tune your marketing to fit your prospective customers’ needs, and you’ll find out that they will come running after you with cash in hand, instead of you worrying about how to get customers.

What Is An Online Business Manager, and Is It Time for You to Hire One?

Are you a successful woman entrepreneur whose multiple 6-figure business feels out of control?

Are you stuck? Overwhelmed? Frustrated?

Ever thought seriously about walking away because you’re so bogged down with business operations that you can’t follow your passion?

If this sounds like you, it’s time to find an online business manager.

What’s an Online Business Manager?

According to Tina Forsyth, the author of Becoming an Online Business Manager, the official definition of an Online Business Manager (OBM) is:

A virtually based support professional who manages online based businesses, including the day-to-day management of projects, operations, team members, and metrics.

An OBM isn’t a virtual assistant who performs tasks. He or she is a professional business manager who runs the company’s daily operations to give the owner energy and time to focus on strategic growth. The OBM gives the owner permission to be the Visionary and serve her clients, plan the company’s growth and future, and use her gifts to their fullest potential.

The OBM keeps all the balls in the air as the Integrator of the business. Gino Wickman and Mark C. Winters first defined the Integrator role in their book, Rocket Fuel: The One Essential Combination that Will Get You More of What You Want from Your Business. The Integrator harmoniously combines the major functions of the business (sales, marketing, operations, and finance), runs the organization, and manages day-to-day issues. This role is literally the glue that holds the people, processes, systems, and strategy of the company together.

The Integrator creates space so the business owner, the Visionary, can fully step into the CEO role and do what she’s called to do-change the world.

Finding an Integrator for your business would take a big load off your mind and off your plate, wouldn’t it?

I help women business owners who need that time and space. For the past eight years, as an Integrator in my clients’ businesses, I’ve had the great honor of making someone else’s vision happen.

You can’t do it all, and you don’t want to.

When you started your business, you had to wear all the hats. You had to be the visionary and the manager. You knew it wasn’t your best fit, but you could do it until the business grew a little and you could hire help.

Soon you hired someone to take care of the tedious work, but you couldn’t let go of much more. You still needed to lead and manage alone. You told your family (and yourself) that wearing both hats wouldn’t last much longer and you could handle it.

Now, your business keeps growing and you spend way too much time managing and not enough time leading and serving. You don’t have enough time to decide where the business is going because you’re trying to keep up with managerial tasks you never wanted.

You started your business to change the world and to have the freedom to enjoy life. At this point, you can’t do either because you can’t get out of that manager role long enough to catch your breath!

Hitting the ceiling is inevitable. Every successful woman entrepreneur I’ve seen comes to the point where she’s exhausted and can go no farther – she can’t continue to manage and grow the business by herself. She needs online business management services so she can move into the CEO position and Visionary role to grow her company.

Transform your business with an OBM

Your business needs a Visionary and an Integrator to be successful, and you can’t be both for long and sustainable growth. As the Visionary, you need an Integrator to implement and drive your vision, and your Integrator needs you to lead the company’s direction and strategize its future.

My specialty is working with multiple 6-figure clients who have hit that growth ceiling. They know they can’t continue being in charge of everything. I’m an Online Business Consultant, Certified Online Business Manager, and most importantly, a diehard Integrator in every sense of the term.

My clients are high-achieving women entrepreneurs who want to change the world, and their visions are huge. They have proven business models that generate multiple 6-figure+ revenues. Their desire to build an empire is inspirational, and they’re ready to turn over the reins of management to a trusted professional who will move the business forward.

Are you ready for your Integrator?

Have you hit the ceiling in creating new growth? Feeling overwhelmed or frustrated with all the “DOING” in your business?