Friday, July 15, 2011

Home-Based Business Insurance

Home-Based Business Insurance

One area that most start-up home-based business owners ignore or just plain don’t think of is Insurance.   And yet, it is so vital to the way we live and the way we conduct our business.  Types of insurance vary so it is important that you take the time to consider what the requirements are for your home-based business and for your family.   Here is a checklist of what you should be reviewing: 

1. Health – everyone needs this; so if you don’t have a spouse or other family member that can include you, you must obtain a policy that will cover you and your dependents.  Additional coverage will be needed for dental, vision, etc.

 2. Life – this will ensure that your dependents will be taken care of in the event of your demise.

 3. General Liability – clients, delivery people, etc. will be coming to your home; you need to be covered in the event they get hurt while they are in your home or on your property.  You will also need coverage for your visits to your client’s home or business in case you break something or lose their files or products.  Also, take a look at your automobile policy.  If you are carrying things that belong to your clients and they get damaged or stolen, you will need to be covered.

4. Business Property – you might want to consider insurance that will protect inventory, equipment, etc. from fire, flood and theft.

5. Business Interruption – if and when a natural catastrophe occurs and you cannot work right away, this type of coverage will provide funds you will need to live on until you can resume your business activities.

6. Disability - if you are injured or ill, this insurance will supply financial assistance until you are back on your feet.

Every business owner should take the time to consult with an insurance broker.  He or she will explain what each type of insurance covers and what the cost would be.  For peace of mind, it is worth every penny you spend.  Every home-based business owner should be smart enough to know that!

Helene K. Liatsos
The Home-Based Business Expert!
Home Office Management Experts
www.thehome-office.com

SUMMER SALE: 1/2 Price on DVD: How to Start and Operate Your Own Home-Based Business

Tuesday, June 21, 2011

Home-Based Businesses Today

Did you know that according to the US Census Bureau, 51.6% of all US Business are operated from home!  That’s more than half!  Here are more statistics:  Most home-based businesses are small:

1.   93.1% have annual revenues of less than $250,000
2.   57.1% have revenues of less than $25,000
3.   62.9% have no employees

The reports point to the rise of technology and the Internet which have made it possible to run a business in your home.  And, even though, some city, state and/or homeowner association rules limit the type and scope of your home-based business, the fact reminds that more and more people are taking control of how they earn their living by starting their own business in their own homes.  Home-based businesses are no longer a trend; they are a bona-fide business sector of the economy…hurrah for us!

The driving force for all home-based business, however, is still rooted in individual inspiration, motivation and determination.   The home-based business owner has decided to create something of their own.  They have the idea and the fortitude to forge ahead and design a new way to live and work for themselves and for their family.  They work long hours, they do exhaustive research and planning and then they take the risk.  Without this strength and courage, all the technology in the world would not be of value to anyone.  Much like any other tool you have in your home, the value is when you pick it up and use it…that is the key.  Many people come to my classes or take my online course  - they are eager to learn more about starting a home-based business; but, alas, less than one-half actually do so.  They see that it requires much more than they anticipated.  Someone told me that they wanted to start a home-based business because it would be less stressful.  Really, I hadn’t noticed.  It took me over twenty years to establish myself as The Home-Based Business Expert and I vividly remember all the obstacles I had to overcome and the challenges I faced to get to this point in my career – and I am still growing and learning as I move into the next phase of my business.  Technology certainly made it easier, but what it really took was true grit!

Love what you do and live the life you love!

Helene




Monday, May 16, 2011

Oh Lonesome Me...Home-Based Business Perception?

The other day I sat around the table with a group of people I didn’t know all that well; some I had met before, but never really got to know or bond with; we chatted about this and that and then one of the women stated that she called home and it was pouring rain…she was happy she wasn’t there, but then she said she often works at home so it would have been a day she stayed home.  With a bit of prompting, she went on to say that she worked in a call center environment and although she was allowed to work at home, she found that she didn’t really like it.  Others chimed in and said that they thought that working at home was too lonely; they need the companionship of co-workers to get the work done.  There were approximately 6 people having this conversation and they were all in agreement that working from home was not something they could do.  I sat quietly (at first!) and listened to their comments: “can’t separate home from work”, “like the idea of getting dressed and having somewhere to go to”, “can’t get motivated”, “feel too far away from the other workers”, etc.   It was disheartening to see how they could not understand the benefits of working from home. 

I finally joined in and told them about my work and how I’ve helped hundreds of people start their own home-based business.  I explained that it does take a particular mindset to work at home.  To begin with you must set up your home office so you have a place “to go to” every morning and that is the place where you run your business…your computer is there, your files are there, your supplies are there.  Some people just work off their laptop on the kitchen or dining room table, so yes I see how they can feel disconnected.  I am lucky enough to have an entire room dedicated as a home-office so I get “to go somewhere” every morning….and when I’m done for the day, I simply close the door and pursue activities that fulfill the other side of life – home and hobbies.   I also make it a point to get dressed every morning – I know, silly me!  On cold, rainy days it is very seductive to work in my jammies and robe, but experience has shown me that I never get anything done when I feel like I just woke up all day long!   Motivation for me is the freedom I buy myself time and time again.  Freedom to do things I love to do and want to do.   For the past two weekends, my husband and I went out of town to relax and kick back; so I work diligently while I am in town, use my laptop to travel and viola!  I am free to travel about the country.  And even if we don’t travel, if the holidays are here or if other events are requesting our presence, I plan ahead.  The good times I enjoy are paid for by getting my work done efficiently, effectively and on time!

I did join the conversation at one point and told them about my work and how I’ve helped hundreds of people start their own home-based business. www.thehome-office.com. One person said that it was different for me because I have my own business and I replied that it doesn’t make a difference.  It is the desire to do something that matters; if they truly wanted to work at home then they need to spend the time and energy to set it all up.  Just like my neighbor Ed did; he works for a major computer company.  He never goes into the office; he is totally electronically connected…he knows what is going on because he communicates with people in his division often…he is not lonely because he plans his days to include doing things with his kids and meeting up with neighbors, friends, co-workers at the local coffee place or just to walk the dog.   Ed gets it…his mind-set is totally geared towards creating a balance between his work and his home life.   A lifestyle choice he created and he maintains…he’s organized; he’s disciplined; he loves what he does and lives the life he loves!

Tuesday, April 05, 2011

SWITCH ON YOUR HOME-BASES BUSINESS

Very often I get so caught up in taking care of my clients needs, I forget to water my own seeds. If you are like me, then you are busy producing the services and selling the products of your business so you can generate an income. That is indeed a fact of life and a priority for so many of us, to ensure that we keep a roof over our heads, food on the table and sneakers on our feet. And since I already mentioned that you might be like me, you probably thoroughly enjoy working from home because you are doing what you love to do, when you want to do it and how you want to do it…how great is that!

But, at the end of the day, when it gets really quite and I can reflect on what I did that day, I get a little bit annoyed that I spent my time and effort in helping my clients manage and grow their business and neglecting my own. Yes, I selected this business and this is what I do for a living and yes, I feel good about my accomplishments in getting their office more organized or balancing their bank statement or helping them decide the best marketing approach for their business; but at the same time, shouldn’t I be working on taking my business to the next step? Shouldn’t I be looking for more ways to promote the DVD I produced or increase enrollments for the class I teach online? Shouldn’t I try to reach more people with my internet radio show? Yes, I should but time is finite even for super organized management experts like me! I’m like the old shoemaker who made beautiful shoes for his customers, but his children were barefoot. Why is that I wonder?

Don’t want to spend precious time thinking about the why; I’d rather think up how I can overcome this and move my business forward. I know without a shadow of a doubt that I should not just be working In my business, I need to be working On my business. And so should you! Here are the steps on how I’m going to do it: 1st I have made a commitment to this rule. 2nd I have put together three action items that I do weekly to grow my business: a/ blog, b/twitter, and c/ send an e-mail to potential clients that might be ready to sign on with me. 3rd I put a big note on my desk (taped it down so it doesn’t mistakenly get thrown away) that reminds me to do these things. 4th I have trained my husband to remind me of the three action items I need to do and to remind me over and over again until I get them done. 5th I allow myself to take half an hour off and enjoy doing nothing but perhaps have some ice-cream after I complete all three things.

Probably the most important way I motivate myself to do what I need to do to grow my business is to remind me of how good it feels to know that I have helped as many people as I can…and the only way I can achieve this is to reach out to as many business owners as I can….short of cloning myself, the five steps I listed above are the best I can do!

Helene – Love What You Do and Live The Life You Love!

www.thehome-office.com Follow me on twitter: homeofficemgmt

Saturday, March 05, 2011

A Day in the Life of a Home-Based Business Owner

We talk about balancing our professional life with our personal life and we certainly mean well, but sometimes it just becomes a flurry of activity trying to get everything done and you don't have time to measure if you are spending more time in one area than another....so I share with you a typical day - or should I say what yesterday was like for me...awake at 5:30am...mad at myself for waking up so early for no reason...go to desk and check e-mails...make coffee...back to desk to answer e-mails....shower, dress and tidy up bedroom...quick breakfast...check e-mails once again...make two calls back East to secure speakers for my radio show...kiss husband goodbye and out the door I go.  See one client about the financial report I'm doing that he needs for his client; stop at office supply store to get toner; two calls in the car from speakers about radio show date availalability; stop at mail box center to pick up mail; lunch at my nephew's restaurant - had to go there anyway since I manage the finances for him; meeting with another client about past due taxes and how best to contact the authorities; meeting with a potenial new client to start-up her cleaning services businesses; stop at grocery store for needed items; back to home-office; changed toner and printed materials needed for next day's client; wrote out outline for next week's radio show; answered e-mails and threw chicken in the pot for dinner.  Talked with my husband for a few minutes to go over some future travel plans - as I cooked dinner and he did laundry,  After dinner, had phone call from website people re changes I need made and then Josh, my intern came over to show me what progress he made on the projects I gave him to do for extra college credit.  Fell asleep on couch.  Hard to determine where I worked the hardest - it kinda all flows together after awhile.  All I know is I love what I do....each day is different, cause I plan it that way.  I look at the things I need to do and outline the driving route I need to take to get everything done....of course, I can't predict traffic problems nor client forgetting our meeting or running late which makes me late, but I can predict that I would never go back to a nine to five routine for all the money in the world!   I would rather work 5:30am to 9:00pm for myself!    I love what I do and live the life I love!   I can show you how to do it!     Contact me:  helene@thehome-office.com Helene      http://www.thehome-office.com/          http://www.voiceamerica.com/   The Home-Based Business Show

Saturday, February 26, 2011

HOME-BASED BUSINESSES: SELLING THROUGH A NEGATIVE ECONOMY

Home-Based Business ownership is growing in leaps and bounds…every day I either read about or meet someone who has worked at home for years or is about to embark on self-employment….this is an amazing transformation about how business is conducted in this country…we are finally getting it! If there is going to be an economic revival, it all depends on me and you….we are our own stimulus package! We’ve got to go out there and stir things up…we must create the business environment we need.


This is the third time I have experienced a negative economic downturn in all the years I’ve been in business; the first time was very upsetting to me as I a new-comer and could not see past the difficult business atmosphere; the second time around I was much better – I re-affirmed myself by remembering that I survived the first time and that things always turn around. That was when I began to emphasize to my clients and to my students my famous truism: ALL BUSINESS IS CYCLICLE. Business goes up and business goes down…it’s the nature of commerce. Once you accept this, understand it and live it, you will have armed yourself with a great piece of armor with which you can manage your business.

This time around, with the economic being so stagnant and indeed in some respects it seems that it is moving backwards, I stay focused on the words I have printed on a post-it and stuck it on my computer….the words are: What Recession? I refuse to participate...I proceed with Business As Usual. My clients are precious; I continue to treat them well. My students are prized because they are the future and I want to help them as much as I can. I continue to market my services and products; I continue to reach out to new marketing and networking opportunities; I continue to plan for the future. Why not? If I stop now, I stop forever….and I’m not willing to do that.

The one thing that does not stop, ever, for any business is the need to generate sales. So I thought I would spend some time today going over some guidelines about Sales and how to concentrate all your efforts towards Successful Selling.  I’ve broken down this topic of Sales into 2 groups: the first one is about sales and having good selling techniques; the second one has to do with the overall spirit of entrepreneurship that leads to good salesmanship and a successful business.

The basis of all sales is attitude. The difference between a regular salesperson and a super salesperson is their positive and optimistic approach to selling. A long time ago I heard a story that illustrates this point totally. A young man embarked on a sales career selling widgets. An older salesman was assigned to take him under his wing and show him the ropes. As they were driving around in their territory, the young man pointed to a story that he felt would be a good candidate for the widgets; but the older salesman told him that he called on that guy a month ago and the answer was no. A little bit later, going past another store, the young man said he wanted to go in and try that place; but the older salesman said he didn’t think they would be interested. This continued all day and by 5:00pm they did not make any sales. The young man was disheartened. He reported back to his boss and shared the experience and that was when his boss sat him down and explained to him what the fundamental principle was about selling….it is to be confident in yourself and your product. Everyone loves to be around positive, upbeat people. When customers see that you feel good about yourself and the product you are selling, they will buy.

Okay, so the first thing is a good attitude…this is followed by a back-up by a couple of characteristics that you must have. You need to be a good listener…you can’t possible know everything there is to know about your customer and what their needs are all the time; things change and with those changes you will have to acquire new knowledge… so, after you listen, you must ask the right questions. The questions qualify the needs of the customer as well as the finances. Be prepared to face their objections…what they don’t like is just as important as what they do like. If they can’t afford to buy at the moment, what can you do to help them buy smaller quantities or buy on a payment as you go plan. By listening to what the customer is saying you will be able to provide the solution and make the sale. And of course, what good listening also means is that you don’t talk too much. It’s not about you…it’s about them.

So, since it is about them, you need to be a friend. People prefer to buy from someone they know and like, so be that person. Find a common link – what you both enjoy, what you both believe in, where you both come from…all of these things create a relationship. Learn about their family, where they live, what they like to do for fun, how long have they been in business, how they first got started, etc. Remember their birthday, acknowledge them during the holidays – even if they haven’t bought anything from you in a while…keep them in good standing because when they do need to buy, they will remember you.

Another good thing to realize about selling is that we should not pre-judge people. This goes back to the story I mentioned earlier; the older salesman assumed things about potential customers and closed the door on those relationships. I had that experience a long time ago, when I was a fairly young woman. I wanted to buy a new car, so I went to the dealership for the type of car I thought I wanted. I went in after work one evening so I was dressed professionally and yet, when I entered the dealership no one approached me. Finally, after I walked over to the desk and asked about getting a new car, a salesman was assigned to me. As we walked out to the car lot I told him what kind of car I was looking for…he showed me 2 cars that were next to each other. I looked them over and asked a couple of questions; he then told me that it would be better if I came in with my husband so he can make the right decision for me! At this point, I put the brochures on top of the car and said “If you knew how to talk to women, he would sell more cars.” I walked off that car lot, crossed the street to another dealership and bought the car I deserved!

Tell the truth – don’t make promises you can’t deliver. There is this dichotomy sometimes between sales and service. The salespeople are all out there telling customers they can do this and that and when service comes in to deliver the product they have no idea that the customer wanted it in blue when all they have is green! This happened to me when I was in the corporate world…I typically was on the service side of things and it was a nightmare trying to please the customer who bought something because that is what the salesperson sold them on!...and we just didn’t have it. “Overpromising” is not a good technique and it has long range ramifications. Customers may by once, but they won’t buy again.  Another big no-no is bad-mouthing the competition. Why do this? It just makes you look insecure...it makes you look unprofessional and it makes you look like a jerk. It takes away all the good will you are trying to establish by being their friend.

Okay, you get the picture....go out there...make lots of friends, meet their friends....tell people about your business, be nice, be kind, be helpful....it all comes back to you in leaps and bounds - that's how home-based business ownership is growing - just like I said when I got started on this blog today!  HINT: All Business Is Cyclicle!     LOVE WHAT YOU DO AND LIFE THE LIFE YOU LOVE!   Helene - the Home-Based Business Expert....www.thehome-office.com and http://www.worldtalkradio.com/ THE HOME-BASED BUSINESS SHOW

Saturday, February 12, 2011

Recently, in a conversation with the producer of my internet radio show, The Home-Based Business, I stressed how important it was to get home-based business owners to understand that there is no difference in running a business out of your home than with a business located down on Main Street.  We need the same type of office equipment and electronics, we perform the same offices duties, we must advertise and market our business, etc.  We work just as hard and we face the same decisions on how to provide a good product or service and make money at it.  We, the home-based business owners, are just a little bit smarter – because we don’t pay rent, we don’t commute and we don’t work with people we don’t like!
I was particularly irked because just prior to our discussion, I had seen a television program, on a leading home decorating channel, where the goal was to combine a den, extra sleeping accommodations and an office all in one room.  Of course, I stopped what I was doing and sat down to watch.  By the end of the show, I was totally appalled.  They created a great sitting area with a sleeper couch but the office area was a joke.  They put a tiny desk, although it was pretty enough, with an in-box and a few accessories on it, facing the wall.  The desk had no drawers and there wasn’t a filing cabinet in sight.  The designer kept stressing the importance of keeping everything stored away so the room stays neat and clutter-free.  I get it, it’s a television show and they have to wrap it up in 30 minutes….but was it realistic?...did it reflect a person actually running a business?...did it show us what it takes to have an office in the middle of your life?   No, no and no.  
I don’t know about you, by my office is a WORKING OFFICE…that means that there are files on my desk and on my back credenza.  My computer is on my side of the partner’s desk I share with my husband and the laptop, although it lives on his side, is available to me by just swinging it around when I need to do double duty.  Two copiers and a fax machine are on the table next to the desk.  Lamp, telephone, calculator, etc. are on the desk….filings cabinets are nearby.  Who did they design this office for?  Who works in this tiny space with a tiny desk?  Where’s the scotch-tape, the stapler and the pens?  Who can get any real work done if you are jumping up every time you need to get a file or some supplies from the “storage” area?   Home-based businesses are real; home-based businesses produce great products and provide great services; we are a huge business arena with over 65% of small business ownership.  We do everything that businesses on the 3rd floor of that building downtown does…so I would like to suggest to those televisions shows, if they are listening, to design a home-office that is bona fide and true to the professionals that operate them.
Speaking of things that are on my desk, one of my favorites is a small, clear acrylic box...in it there are 3 figures...the first one is a human form standing upright, the second one is a human form that is slightly bent over hard at work, the third one is a human form hunched over a computer desk working on a PC.  It is the reverse of the theory of evolution where humans begin life as a hunched over ape and through the ages stands upright.  We have now become hunched over, in that original shape, as we work at our desks...we are home-based, we work at home, we are attached to our computers!  This little clear box reminds me that I have to get up, stand up straight and leave the work area from time to time.  I use it as an incentive to enjoy the life-style of a home-based business owner that is not tied to the desk 24/7!  I work at home because I LOVE WHAT I DO AND LIVE THE LIFE I LOVE!    Helene - THE HOME-BASED BUSINESS SHOW  http://www.worldtalkradio.com/ Variety Channel

Tuesday, January 11, 2011

Every home-based business has a story!

Recently, on  my internet radio program, The Home-Based Business Show, on http://www.worldtalkradio.com/ Variety Channel, my guest was a Public Relations and Marketing professional.  She has always worked at home and was able to share her insights about balancing her professional life and her personal life under the same roof.  But the most important thing that I learned from her guest spot was about Public Relations.  I asked her to give us some tips about promoting our home-based businesses and she gave us this gem:  Every home-based business has a story!  How great is this!  How applicable is this to each of us!  Our common denominator is that we are all humans; we come from different places, we may look different, we may speak a different languages, but we all have our own personal story.  So, the message here is to take your story and make it work for you.  Start by writing down your biography; not just the jobs you had and the skills you acquired, but where you come from, what your childhood was like, what obsticles did you overcome, etc.  Elaborate on each detail of how you got to the point of having your own home-based business.  For me it was the moment after I got laid off from the third job in a row - in 2 years, I had 3 jobs and they all fell apart.  During these 2 years and shortly thereafter, when I spent an enormous amount of time lying on the couch and talking to myself about what to do next, I finally realized that if these idiots can run a company, then so can I.  That was my spark - that kept me laughing for a long time, as I researched what I wanted to do, as I reached out and explored my options and as, I realized that I could very well fail at this, but oh, well....I can always fire myself and go out and get another job!  It should not be a surprise to learn that I had no clue as to what I was doing at first, I just knew that I was going to make it happen...finally, about 18 months into being my own boss, it started to all come together.  I had such avoidance issues in the beginning; I would go about doing the things that I just had to get done before I sat down at my desk, which was in the living room of my one bedroom apartment; you know, things like ironing the curtains or re-organizing the cabinet under the sink....but then, as I got my rhythm and my balance to working and living under the same roof, I actually enjoyed sitting down and getting work done.  Twenty-five years later, I have a hard time leaving the desk in my office which is now in a room all by itself; it I can get a coffee pot and a toilet in here it would be great!  Only joking of course, because after all these years, I am really good at shutting the door and doing some fun things while I'm still young enough.  My story is one of perserverence, panic, determination, stress and learning how to look at both sides...I hope you have the same tale to tell and that is why you have your own home-based business.  Be well, Helene   LOVE WHAT YOU DO AND LIVE THE LIFE YOU LOVE!