10 Powerful Reasons to Start a Home Based Business

Home Based Business has now become a buzz word where ever you go. The key question is, why do so many people want to go into business of working for themselves from home? The revelations are amazing and in this post I want to share with you 10 most powerful reasons why you should join the train of work from home entrepreneurs.

Most home based entrepreneurs are intrigued by the fact of working from home and not wading in morning and evening traffic to work day and night. One other appealing fact is that, you no more have to answer to your boss’s whims and caprices.

The best among all is the fact that in this quick and fast world where your income is devoured by so many social demands, it will always be beneficial to have an extra income coming from some other source apart from your main 8 to 5 job.

Many have a slight idea of what could be achieved from a home based business but majority will be willing to fully embark on it if they are aware of these salient points I’m about to share with you now. Make a critical study of these 10 major beneficial points on working from home, and I guarantee once you take a careful look at them, your desire to start a home base business will soar high.

With that said, let’s go to reason #1.

1. Be your own Boss.

Ever thought of being your own Boss before?

You must also know that it’s not only the pride in being a boss but the ability to now think and make quality decision by yourself without anyone instructing and guiding you. But I must say that, after all is said and done, the experience and the confidence you gain far outweigh even the money and the freedom that comes with it.

Most millionaires will tell you that, the one most exciting thing they gain for being rich is not the money but who they become in terms of experience, discipline, associations etc.

2. Work when and how you want.

You may be working for a boss or for an organization but you always dread Monday mornings when you have to start another boring week after a long week end. When the alarm clock goes off you have no choice but to wake up and get going otherwise you could be fired for being late.

Yes, in most instances like this we all wish the business is ours so we could sleep a while and go as and when we like. For a home business, you could set your own working hours and if you are the type who loves to sleep during the early hours of the day, then you could just cuddle up in bed and sleep a little more.

But be aware of the fact that, running a home based business does not also give you the ability to just do things haphazardly without discipline, commitment and consistency. What started as a good dream could easily become a nightmare and that’s what has resulted in most dot bombs you see around today.

3. Job Security Issues are No More

Running your own home based business puts you in the seat of the boss; you are now the one who hires and fires. You are indomitable, you are the one holding the job, you call all the shots, and no one ever fires you.

You no more think of what happens during cut back and retrenchments, you are no more afraid of whether the company is going bankrupt or not. The issue of job security is now nipped in the bud once and for all.

4. You can start Part Time

Most people look at a home based business as something they can only do on full time and for that matter the fear of stopping their main job and starting a home based job has always created scary moments for them because of the risk of failure.

One good thing about starting a home based business especially an online business is to start small on part time till you are able to grow it into a fully matured business that can take care of your needs and wants.

Working 2 hours a day may be a good starting point for you. Exercise yourself and see some amount of money coming in and then add more hours and see much more before taking that deep leap to stop your day job. Don’t try to do all at a go. Take it easy one day at a time and before you realize you will be there.

5. Your personal confidence will soar

After just a few successes in your home based business, you will realize that your confidence will soar so high. You can now confidently hit your chest and say, yes, I have what it takes to start earning money online or make money from home.

Most times, it’s not so much about the money but the ability to prove to yourself that you can also work towards a goal and get it achieved. Also knowing for a fact that, success begets success, you will soon find yourself moving on to higher heights and crossing barriers you were not able to cross before.

6. You acquire a new level of discipline

As interesting and exciting as a home based business may be, it still requires some level of discipline and commitment to actually see it through to success. Where you do not develop the necessary discipline associated with being your own boss, you will finally observe everything crumbling at your feet.

The required discipline necessary to turn a home based business to success will definitely change your make up by the time you are through with it. It is therefore always good to realize that, it is not just about the money that you will make, but most of all, the discipline and the attitude it will leave within you.

7. You acquire and develop new skills and knowledge

It is impossible to remain at the same skill and knowledge level if you truly immerse yourself into your home based business. Let’s take an online business for instance, before you can truly perfect such a home based business, there are so many skills you need to develop and also certain specialized knowledge needs to be acquired.

It therefore goes without saying that, a successful home based business person will definitely ends up with a series of skills and specialized knowledge up his sleeve. The majority of these specialized skills and knowledge can only be acquired through hands-on practical experience.

8. You may earn a lot of money

Money is a reward for solving a problem; it therefore means that in order to have more money, it’s paramount that you have to solve more problems. It is also not a good decision to start a particular home based business because of the money involved. It is always good to start by doing what you love and the money will follow. As you love what you do, and you are able to help enough other people to get what they want, you will also get what you want.

Feel free to follow your passion without necessarily thinking about money. As you enjoy what you do, you will naturally involve your whole heart and this passion will show on the outside causing people to now respond to your call.

9. You can have freedom

After all is said and done, the key reason why most people want to engage in a home based business is the freedom. When you plan your activities well and you are able to achieve your goals, it’s quite possible to experience both financial and time freedom.

This level of freedom is what every worker yearns for but has eluded many. Freedom to do what you want, when you want it. Freedom to travel and go on vacation whilst your business keeps making money day in day out.

10. You can retire early

Should you be successful at your work from home business and you are earning enough, you could invest your money for it to work for you and go on early retirement. It has been the dream of many to retire early but the means to do so is just not there. With a very successful home based business, this could be achieved with hard work, dedication and commitment.

Many have done it, you are not the first so gird up your loins, fold up your sleeves and get ready to embark on this fruitful journey. There is no limit to what you can do, every good journey starts with the first step, take yours now.

So, this is it;

“10 MOST POWERFUL Reasons Why You need to Start A… Home Based Business

Now, if those 10 reasons didn’t get you excited and fired up about starting a ‘Home Based Business’ then I have failed to inspire you.

5 Home-Based Business Opportunities With No Startup Cost

A home-based business is any kind of business run from the comfort of your house. Most businesses operated from home normally start as small enterprises and finally change into medium companies or into large enterprises. Starting a home-based business is a dream for many people around the world. Unlike in the past where the startup costs associated with starting a home-based business prevented many people from joining this great industry, today there are many different home-based business opportunities with no startup cost.

These wonderful opportunities have smoothed the playing ground permitting many people to enjoy the economic success. However, you should be ready and willing to invest your time and effort needed to operate the business. The main reason why most people want to supplement their current job or replace it altogether is that they want to be independent, want to spend more time with family and would like to have control of their lives. If you are looking for opportunities to supplement your present income, below are 5 home-based business opportunities with no startup cost.

1. Online teaching

If you are a graduate, you can start an online teaching job from your home.There are several online colleges and universities looking for online teachers. Some of the qualifications include teaching experience and a degree in the field you are willing to teach. You will then be provided with a list and a timetable to choose several classes to teach at a time you think is perfect for you. However, you will need to understand their teaching method to be able to satisfy the needs and expectations of the students. The process of online teaching is similar to a typical school. As a teacher, it is your duty to look after your students. Your students will have to submit test papers through emails by a specific date. Your main task is to observe the work submitted by the students so that they do not find their answers by searching online.

If you are looking for a long-term home-based job, online teaching is one of the best opportunities. It offers good money, great benefits and is an exciting job to make money online sitting at home. In fact, it is considered as one of the best home-based jobs.

2. Freelancer writing

If you love writing, you can turn your talent into a home-based freelance writing business. There is a high demand for good writers worldwide. Many organizations are looking for people to look to write content for their websites, blogs, eBooks, advertisements, articles, and reports.

To start an online freelancing writing business, you need to decide what you are going to write about. Choose your style and topic and see if there is a demand for it. If you do not like a particular topic, there are chances that you will struggle to be motivated and probably you will not be able to give your client the best. The most important thing is to focus on a particular niche. This is because when you specialize in a certain field, you will be able to offer your best service and a chance to make good money. Writing is in the field of art, and just like most arts, there is a room for improvement. To improve your writing skills, read books, sign-up for writing courses, and understand your niche inside and out.

3. Affiliate marketing

Affiliate marketing is a business of promoting and selling products and services manufactured by other companies. This opportunity is probably the easiest home-based business. You are referred as an affiliate because you are only associated with the product or service you are selling but not part of the company that produced it. When you sell the product, you are paid a commission by the owner of the product. However, you will be required to find the right product or service to offer to the right customers at the right time. This means you need some knowledge of the field to be able to reap the benefits.
Some of the things you need to start an affiliate home-based business include, a website or a blog, website content and probably an email list.

4. Fitness online teaching

If you have a passion for teaching people who want to lose weight, stay fit and get into a good physical shape, then you can start a fitness online teaching business. Today, a good number of people are looking for personal trainers to get them in shape. Being a fitness online teacher does not mean you must be employed at a local gym or a workout center to build your client base. You can teach people about fitness at the comfort of your home. However, you must stay in shape and always maintain a casual-level of fitness if you are going to use videos when teaching your clients.

When starting a fitness online teaching business, you will need a blog or a website to promote your services, website content so that your clients can be able to trust your opinions and thoughts, and valuable giveaways to make your clients come back for more.

5. Tax preparation service

Every individual or business that earns income in any country must prepare their taxes. It does not matter whether the economy is busting or booming, every person should prepare his or her taxes. This means tax preparation service is a great business opportunity. However, you will need to promote your business to the targeted customers and always be up-to-date to the annual tax changes. But the financial benefits of achievement as a home-based tax preparer are amazing.

Some of the things you need before starting this kind of business include: registering as a tax preparer, designating a work-space in your home, familiarize yourself with numerous professional tax preparation software, registering your business, and identifying and marketing your business to target clients.

Conclusion

There so many legitimate home-based business opportunities with no startup cost and this information represents an overview of different opportunities. Getting the right home-based online business for you can be existing, however, you need be on the lookout for possible scams. Understand your passion and spend some time researching, and you will be able to find the right home-based online business opportunity that meets your desires.

Quick Tips For Getting Your Home Based Business Online

The advantages of starting a home based business outweigh the time and small expense involved in setting up a viable business. For the long term, the overhead costs for starting a business in your home are very low. The government provides several tax incentives for individuals who have businesses set up in their home. There are some strict rules and regulations that must be met to qualify for the home-based business deduction but once confirmed, the tax refunds for having a home based business are very lucrative.

In addition to the tax advantages, home based business owners have no daily transportation expenses. home based business owner has unlimited flexibility in balancing work and family commitments. Using technology for communication and business processes makes working from home a sensible and practical solution to the high price of gasoline, commuting time and costs of buying new clothes.

Home-based businesses play a crucial role in the free enterprise system. These entrepreneurs contribute to the overall economy as well as the financial viability of their families. The ultimate dream of a home based business is to provide financial independence for the owner, their family and the community at large..

Some of the most widely recognized software retailers and cosmetic companies had their beginning in a garage. Companies like Apple Computer, Hewlett Packard, Dell, Microsoft, Lotus and even the cosmetic giant, Mary Kay, were initially started as home based business enterprises.

But, like any other type of business, a home-based business requires initial preparation, start-up capital, registration and ongoing marketing. Home based business are traditionally set up as a sole proprietorship. The home based business owner has to be an expert in all phases of the business. At some time in the business start up process, the home based business owner must know the details of the operational, strategic, legal, financial and marketing concerns.

The following checklist covers the essential points to help you stay focused so that you can set up your own home-based business.

Plan to Succeed

Every business needs to create a comprehensive business plan. The business plan will focus your efforts from selecting a product to sell all the way to the actual marketing of the product. This plan will cause ideas to generate and perhaps new methods of distribution for your business.

The basic business plan contains a, executive summary, mission statement, marketing plans and profits that you want to achieve. The business plan is the blueprint that will guide you to your desired results. It is of utmost importance to prepare a draft of your business plan. The business plan will keep you on focused on your goals. If you intend to seek any type of funding for your business, it is imperative that a business plan is part of the start-up process.

Selecting the Business Structure

The selection of your long term goals for your business will determine which structure you chose for your business. The choices include:

o Sole Proprietorship
o Partnership
o Corporation

There are several different types of Corporation structures that you can choose. There are specific tax implications for each of the choices listed. Deciding on the business structure for your home based business enterprise is perhaps one of the most critical decisions you will make.

You can search online to find out the specific requirements for each of the business structures listed. Your decision will have far-reaching consequences and will depend on important factors like capital, ability to do business in specific locations and the type of your business you are starting.

To register or not to register?

It is important for all legitimate business to register their business name. For tax and other proprietary purposes you should secure all necessary business licenses. Registering your business protects the name of your business. It is also important to become aware of the compliance requirements in your area. Local zoning regulations should be acquired to assure you that the business does not contravene local zoning laws.

Insurance for Your Business?

It is just smart to purchase insurance for your new business if you need to acquire financing. Business insurance is a prerequisite of lending institutions in case you plan to borrow money for your startup operations For online businesses that do not sell physical products, having insurance is a choice.

Purchase Equipments

Remember to keep all of your receipts when you purchase any office equipments or supplies. Your new computer, fax, printer, cell phone stationary supplies, and business cards are necessary business tools and are all tax deductible for your new business.

Time Management

Home-based entrepreneurs also require better time management skills than a corporate employee. Home based business owners must learn how to leverage their time and money. It is easy to get off track when your office is located in your garage, a den or the basement. Decide how much time you will devote to your business each day and stick to your time schedule.

Automate as much of your business as possible so that you are always available to your customers. Schedule each phase of your business day and set up systems that will automatically reply to inquiries. Automation of your menial tasks is a critical element in your overall time management strategy.

Web Site

Businesses are longer restricted to brick and mortar locations. There are no limits to the number of customers that home based business owners can acquire. The home based business owner can no longer limit themselves to doing business in their local community. The Internet allows global business interaction from anywhere in the world. Having one website may not be sufficient to accomplish the level of success that a home based business owner requires.

Home-based businesses compensate for their lack of a physical presence with a virtual presence in the World Wide Web. This presence may take the shape of several websites on several domains.

Organization & Automation

To conduct business in a professional and efficient way, it is important to organize everyday tasks into simple automated processes. Your home office should include everything you need to complete a transaction. It is easier to stay on top of daily tasks when the work-space is well organized. It is so much easier to complete the daily grunt work when these menial tasks are automated.

Inventory and Supplies

For home based business owners who sell physical products, it is important that these products are kept in a specified location. If you use your garage to keep stock you need to know the exact dimensions of your garage that is designated for this purpose. The best way to handle stock is to have the company send and maintain the bulk of your inventory. This eliminates a time lag for your customers. If you sell digital products, this process is handled automatically.

Open the Door and Let Business Begin

You are now ready to open the virtual doors of your home based business to the global community. You have completed all the steps to insure that your business will be successful. You have a product, a website that allows you into the global marketplace.

Gina Sands is graduate of the University of Texas in Arlington. she is the mother of miracle twin daughter and “Nana” to an amazing skateboarder that we nicknamed Tre’ He is third generation. Gina is owner of Dream Businesses and writes articles on creating and maintaining your own unique dream biz online. She writes articles about Making Money Online. Gina is dedicated to finding the most efficient/inexpensive resources to help other home based business entrepreneurs save money as well as make money on the Internet.

The Home Based Business Explosion Is Upon Us!

INTRODUCTION

Perhaps I should start by asking the question “What is a Home Based Business? This is any business operated from the comfort of the residential home of the owner.

The next question is who is a Home Based Business owner? This refers to an Entrepreneur who decides to run his business from the comfort of his home.

I decided to clarify these terms because there is a huge difference between a Home Based Business owner and a Home worker who might be working with a government/private organization but decides to be working from home once or twice during the week.

Evolution of Home based Business

Many businesses operated from home usually start as a Micro or Small Enterprise. Some eventually metamorphose into Medium Scale Enterprise and others eventually grow into quite large companies.

The desire by Entrepreneurs to start operating businesses from home actually started in the 1980s. During this period, a lot of things combined to precipitate this massive desire by people to own Home based businesses.

In the main, the combination of many factors like socio- economic change, improved technology and new management thinking resulted in the loss of otherwise permanent paid employment and this encouraged people to attempt to revalidate their freedom by opting to set up a business at home.

The advent of new management thinking and theories like downsizing to make an organization Lean and more agile and efficient created fears in the mind of the average worker

So mass lay- offs helped create the right environment for some workers to go it alone and set up a Home based business.

The period of late 1990 to 2010 can be appropriately described as the period of massive explosion in the establishment of businesses at home. The use of Computer, Internet and Mobile Technology helped in the growth of this idea.

I strongly believe the idea of setting up business at home will continue to be positive and will remain so for a long time.

The continued upsurge in the desire of people to own businesses has attracted the attention of Universities and other higher institutions. They have responded by introducing different courses and programs on Entrepreneurial studies to cater for these needs.

Unlike earlier belief that businesses run from home are not well managed and don’t make good money, the present situation is that many Entrepreneurs motivated to set up business at home now have college degrees including a lot of high level professionals with business exposure.

The entrepreneurial spirit is innate in all of us and we only need to be adequately motivated to take the necessary action.

It’s really an exciting world out there.

THE HOME BASED BUSINESS EXPLOSION

As stated earlier, though the crave for running businesses from home started way back in the 1980s, what can be termed the explosion of this way of doing business was between the late 1990s and the first decade of the new millennium.(2010+)

This coincided with the time when the setting up of a Home based business became a Fad. According to Mr Lewis of the National Association of Home Based Businesses, Home based business in the United States grew from about 6 million in 1984 to 23 million by 2007.

With the help of modern technology like computers, mobile phones, printers and the huge power of the internet, more work is being done virtually than ever before and more global businesses are routinely being run from home.

According to the 2012 GEM report, 69 percent of American entrepreneurs start their business at home from either a spare room in the house, the dining table or from the garage. The report further revealed that more than 50 percent of entrepreneurs continue to operate from home even after the business has taken off successfully and stabilized.

Again according to Mr. Lewis of the National Association of Home Based Businesses, his own companies do training in 20 countries, import eyeglass frames from China and also develop condominiums.

Mr. Nuyten of the Home Based Business Statistics in America quoted the following statistics as at 2012:

38 million Businesses were operating from residential homes in America

A new business is started from home every 12 seconds in the United States

The Home Based Business sector in the United States earned Four Hundred and Twenty Seven billion dollars.

It revealed that 70 percent of Americans would like to be self- employed.

Entrepreneurship has become entrenched in the psyche of the average person. The Baylor University study of 2005 revealed then that more than 5 million jobs had been lost in Fortune 500 companies since 1980 while 34 million were created in small businesses.

The United States Census Bureau data of October 2012, also revealed that the number of businesses being operated from home have been on the rise since 1999.

The United Kingdom Experience

The continued growth in the Home based business sector appears to be a global phenomenon as the report from the United Kingdom will show shortly.

The United Kingdom department of Business, Innovation and Skills released a report titled ” Backing for Home Business” which revealed that 2.9 million home based businesses in the United Kingdom contributed 300 billion pounds sterling to the UK economy. The report also stated that 70 percent of all new businesses in the United Kingdom started from home.

According to Home Business report compiled by Enterprise Nation, 1,400 new businesses are started from home each week.

This report also confirmed that out of a total of 4.5 million small and medium enterprises, 2.1 million are Home based businesses.

Factors contributing to the growth of Home Based Businesses

There are many factors motivating people to set up Home based businesses such as:

Losing one’s job
Being laid off in a time of economic downturn could be very devastating. With difficulty in getting new job offers, the next best thing would be to start a Home based business.
Flexible lifestyle
You are your own Boss. Literally, you can come and go as you please. You maintain better work/family balance. There are no set opening and closing times. You go for lunch and vacation when you feel like
Reduction in Stress level
The daily commuting, especially with the present heavy fuel costs is avoided. Also those train/bus rides to and from work with all sorts of characters is avoided.
No corporate office politics
You are not thinking of how to always please the boss and climb the corporate ladder. You don’t have to engage with difficult colleagues. Best of all, there are no dress codes.
Cheaper start up and running costs
It’s cheaper to set up a Home based business. A serious entrepreneur can get started with just $5,000. The main requirements could just be a computer, mobile phone, printer and a good internet connection. No rent of physical store space.
Secondary Income
Some entrepreneurs set up business at home to bring in extra income to support a day job. Some people start the business as a part time hobby. Eventually the business may become very successful and the entrepreneur will now take the decision to resign from the day job.
Be your own boss
You are your own boss. You have the freedom to do things the way you want. There is nobody breathing down your neck reminding you of targets.
Job dissatisfaction
An otherwise loyal employee may become unhappy with the company for lack of promotion and motivation. The next thought is to set up a Home based business.
Opportunity to achieve Self actualization
Having your own business gives you the opportunity to make as much money as you desire. This of course depends on how much money you want to make and the amount of time and effort you decide to invest in the business.
Advantages of running a business from home

The desire to get out of the rat race, avoid the daily grind coupled with the power of modern technology make telecommuting more productive.

Together with some of the factors already mentioned above, listed below are more advantages:

Tax advantages
You can deduct some of your expenses as business expenses. These could be utility bills, insurance, mortgage and property tax.
Opportunities for Professional improvement
It is safe to assume that with the day to day running of your business, you will develop more business management skills.
Multiple streams of Income
With more time to yourself and the freedom to follow your lead, you can decide to explore other areas of interest and create multiple streams of income.
Disadvantages of running a business from home.

In spite of the almost glamorous attraction of Entrepreneurship, there are some disadvantages which must be effectively managed in order to improve the chances of success.

Irregular Income
For some one that had been used to regular pay checks, having to go through some weeks without income could be a huge challenge.
Lack of adequate space
This could arise where work sometimes spills into the home space
Nearness of Family and Friends
The nearness of family and friends could become a distraction if not properly managed.
Lack of Fringe benefits
Fringe benefits like health and dental insurance and paid vacations which were hitherto being enjoyed in paid employment are no longer available.
Friction with neighbors
The type of business you are involved in could create friction with neighbors due to noise pollution and lack of packing space
Health Issues
Staying glued to the computer screen and in a small space may affect health and fitness. So try and create time for exercise and recreation.
CONCLUSION

So as the French would say Voila! There you are! The idea of starting a business at home has become engraved in the mind of people. Every day, people are starting thousands of businesses in their residences all over the world.

Though there are disadvantages in running a business from home, the advantages far outweigh the disadvantages.

Some industry watchers believe that crave for setting up businesses at home is waning and the general trend could be heading downwards.

However, I personally believe that the trend can only continue northwards. Why? Because I see all the indices still pointing positive. The factors that motivate people to set up Home based business are still very much around. There are still massive lay- offs going on in many companies and workers are still feeling short changed by employers.

To crown it all, the technological tools like Computers, Mobile Phones, Printers and the Internet which assist Home Based Business owners to work smarter and achieve more with lesser effort are still evolving.

Therefore I’m of the view that the trend of setting up businesses at home is still on the upward swing.

So, how about you? What do you think? Is the trend moving up or going down.

Let’s have your thoughts.

My name is Rex Vincent. I’m a Micro, Small and Medium Enterprises Expert with over twenty years experience in Banking and Entrepreneurship. I work with my team to provide bespoke solutions to challenges faced by Micro, Small and Medium Business Owners.

Motivation And The Home Based Business Owner

Many people who start a home based business are not successful. The reasons why people fail will differ from person to person. I want to have a closer look at the theories of motivation to analyse some of the reasons for failure.

Take the first step in faith. You don’t have to see the whole staircase, just take the first step.” – Dr. Martin Luther King Jr.

Due to the structure of this industry, most of the home based business owners do not employing other people on a full time basis. They do not report to a boss on work progress on a regular basis, they do not interact with fellow workers on a daily basis as people working fulltime in a formal job do.

The motivation is totally different for the home based business owner. We must understand it to be optimally motivated every day in this environment.

Quite a lot of the people become involved in a home based business programme due to good salesmanship and not after they have done their homework. They have high expectations of making big bucks quickly, without much effort or work and study.

False Assumptions About Motivation And The Home Based Business

Many people believe that the motivation of people is only money and biological drives like hunger.

Studies have proven that the ability of money to provide motivation is very limited. It is only motivating people when they have a relatively small, simple task to perform over a short period of time. The more complex and long term the task is, the less money will be a true motivation factor.

Having a good lifestyle or the ability to travel and see the world will be considered by many people as nice to have. The big question is whether it will really motivate somebody to perform and work hard over time on a daily basis.

Most of the people that join a home based business group are motivated to join because of the guru or salesman telling them about the new lifestyle and the big money they can earn. The problem is that motivation does not last. It is not enough or a good enough motivating factor to keep that individual slogging and working hard every day.

I believe the fact that the real motivation of people is not being understood well enough in this industry by the gurus is one of the main reasons why so many people join but are not successful in making the big bucks that can be made with the programme.

Newer Theories Of Motivation And The Home Based Business Owner

People will not be motivated in their daily task if their basic needs are not satisfy. Their basic needs are not necessarily the potential better lifestyle or big bucks on some future date.

People are only motivated in the long run if they are doing something that is their passion or that interests them, something that they feel is meaningful. They must have a feeling of being part of a community. They must work for, be part of, and believe that they are working towards something much bigger than themselves. They must build a legacy. This legacy is not the life on the beach or travelling.

Understanding these true motivational factors of people is missing in the marketing strategies of most home based business owners when they sell their product and try to motivate people that have joined their team. Let’s have a closer look at them.

Autonomy And The Home Based Business Owner

One of the big motivational factors for people is autonomy. This is the beauty of the home based business. This is the kind of job somebody can do where he does have absolute autonomy. He has control over his time, tasks, techniques and the people he wants to work with. He does not have a boss to report to.

The home based business owner has complete autonomy over everything he does. He must develop his own business plan, set his own goals, develop his own time scales, decide for himself on his training programmes, and have his own daily plans.

I believe the importance of this as a motivational factor is not being used properly in this industry. Reasons for failure are due to the fact that many people starting out in this industry do not understand all the basic processes involved in planning a business and managing it on a day-to-day basis. More assistance is needed to assist home based business owners in this.

Mastery

“We are what we repeatedly do. Excellence, therefore, is not an act but a habit.” – Aristotle

People are motivated if they feel that they have learned something, have developed a new skill, applied that skill successfully, and are making progress in the development of their own abilities. They must see and feel the progress. They must be able to measure and evaluate their progress regularly. The athlete preparing for a big event has a training programme. He knows where he wants to be on a specific future date. He is planning his daily exercise programme and is monitoring his progress regularly. That is the only way he can be assured that he will be in top physical form and mental state on the day of the competition. He is being motivated daily during the slogging period of exercise and preparations because he has a dream, a goal, a plan are taking action, monitor his progress daily and give him feedback on the progress.

The same principle applies to the home based business owner. He must know what he wants to achieve. He must have a plan on how he wants to get there and he has to monitor his progress daily.

There is so much knowledge that a home based business owner has to master and learn. He can be overwhelmed by that. He might not have a plan and priorities. By taking small steps every day he will not be motivated daily to keep on taking action and to work towards his goal. He will lose interest.

Purpose

Money or profits have a limited ability to motivate people. We are motivated in the long run if there is purpose in our life. We want to belong also and be part of a bigger community. We want to contribute to others. We want to find meaning in life. In his theories of motivation, Maslow called it self-actualisation. There must be a purpose bigger than ourselves in life.

I believe that in the home based business industry this is not getting enough attention. People are losing interest and becoming demotivated because the emphasis in the industry is on the “self”; my lifestyle, my travel, the way I want to spend my time, I do want to earn big bucks fast.

We must develop a way to motivate people by giving them a bigger purpose in their lives that they can work for or be part of. Every day they must feel that through their daily actions or work, they will improve their own financial situation, but they will also contribute towards the lives of other and build their legacy.

The home based business must look at the integration of social entrepreneurship as an integral part of the industry. We must also develop ways to support and motivate people working with us.

The Lessons For The Home Based Business

“A real decision is measured by the fact that you’ve taken a new action. If there’s no action, you haven’t truly decided.” – Tony Robbins

It is a science to motivate people and keep them motivated. In the home based business programme, there are too many people who start but lose interest after some time. The rate of failure is too high. If failure is being defined as people not achieving in the industry what they believed they could or should have achieved, the real reason for this must be determined. My view is that the importance of the correct application of the basic theories of motivation is not being applied correctly in the industry.

The nature of the home based business lends itself to apply the theories of motivation much better. The environment to motivate people is much better than in the more formal work environment. By applying some of the theories of motivation in our business, we will make more people successful and in the process everybody working together will be more successful.

5 Tips To Help You Keep Your Conveyor Chains Operational

Conveyor chains are used to drive different types of conveyor units and use different types of power transmission. If you want to get the most out of your equipment, make sure you maintain them. This is even more important if they are installed in the mining and construction industry. Given below are a few tips that can help you ensure your conveyor chains will continue to work properly.

1. Follow the Maintenance Schedule

First of all, you may want to inspect and service them to ensure proper alignment, lubrication and tension. If inspected on a regular basis, they can last up to 15,000 hours. It’s better if you schedule filter and oil changes every 3 months. On the other hand, the cleaning of bigger parts, such as shafts, machine lubrication and replacement of damaged or worn sprockets and sideplats should be done on an annual basis.

Following the maintenance schedule is paramount, especially if you have installed the conveyor chains in the construction and mining industry.

2. Lubricate Wisely

For smooth operation, conveyor drives and chains should be free of moisture and dust. Most of these systems require petroleum-based oil. It’s not a good idea to opt for heavy greases and heavy oils. The reason is that they are overly stiff and can’t lubricate the system properly. Given below are some common ways of lubricating the conveyor chains. Some of them are listed below:

Stream lubrication
Disk lubrication
Drip lubrication
Manual lubrication

Based on the power and chain speed, the right method can be used. For reducing wear and tear and enjoying all the benefits, it’s important that you lubricate the system properly.

3. Get Heat-Treated Parts

Heat treatment can be used to improve the mechanical components. Therefore, manufacturers control the treatment methods for best results. In other words, to reduce wear and tear, it’s important to perform proper heat treatment.

Case hardness and depth are the two primary parts of component heat transfer. This plays a great role as far as resistance and durability is concerned. If the depth is too much, the parts may break while working due to brittleness.

4. Make sure there is Proper Alignment and Tension

Make sure you check the slack span and chain tension, and perform the required maintenance. If you need to reduce the tension, you can eliminate two pitches and then connect the chain again. However, you may need to replace the entire chain if the wear and tear goes beyond the functional limits.

Also, you may not want to connect new chains to the worn one as it can damage the drive. Misaligned sprockets can also cause the link plates of the roller chain to get a lot of wear and tear.

5. Check the Primary Parts

Typically, conveyor chains have two main parts that go through wear and tear: sprockets and chain. Chain stretching happens due to this very reason and results in the complete replacement of the sprockets and chain.

Therefore, you should inspect conveyor chains for any broken parts, deformation and cracks.

In short, these are the tips you can follow to maintain your roller chains.

5 Benefits Listing Your Business in Internet Directories

You can enjoy a lot of benefits if you have your business listed in an internet directory, such as Top5Biz.com. In fact, the more directories you use the greater number of benefits you can enjoy. Given below are some of the prominent benefits of using these directories. Read on to find out more.

Exposure

We know that proper exposure is required for all types of businesses. The more exposure your business gets, the higher number of visitors will know about your products or services. On the other hand, if your prospective customers can’t find your site, they won’t be able to buy your products or services.

By listing your business website in these directories, you can get the exposure you need. As a matter of fact, a large number of people search these directories in order to find what they are looking for. Their goal is to look for a specific product or service.

Better Ranking

We know that better ranking is important for any website. If your website is indexed in many web directories, it will send a signal to search engine crawlers that your website is authentic. And this will help you get your website ranked on major search engines. As a result, you will be able to enjoy better rankings in major search engines.

These directors get your website ranked better and get the word out about your business. And this is a huge benefit.

Inexpensive Advertising

If you run a business, you know the importance of advertisement. The primary purpose of advertisement is to help clients find your business and know more about it. You may not have a big budget for your advertisement campaigns. This is where you can spend a little money and achieve the purpose by getting your website indexed in internet directories.

Unlike the conventional advertising, business directories are much affordable. Therefore, they can help you save tons of money on advertisement.

Professional Opinion

If you want your business to look professional in the eyes of your visitors, we suggest that you try internet directories. This will help you improve your business status. In other words, this technique will help you make buyers have a professional opinion about your business.

Once your site is listed in these directories, it will look as professional as the top business enterprises out there. Aside from this, your website will be considered an authority in the niche. As a result, you will be able to get more and more customers and clients.

Search Engine Optimization

Internet directories offer another great benefit, which is called search engine optimization. Basically, these directories allow you to get a lot of inbound links. When a visitor finds your site in the directory, they will click he link and get directed to your website. So, this is an effective way of getting a lot of traffic.