Imagine you’ve had a business idea recently. You’ve prepared your business plan and you know how much money you will need to invest in your business to launch it. But you’ve realised that you don’t have enough money to start. You think about how other entrepreneurs have overcome the same financial challenge when they started their businesses. Should you invest all your savings? Should you invite one of your friends or someone from your family to become your business partner? Should you talk to your personal bank manager? Perhaps an investor?
We know of many successful entrepreneurs who started their business from home. Steve Jobs from Apple is perhaps the most famous example. I have given advice to many people in the UK looking to start their business from home.
The first thing you need to be aware of is that you can’t start just any business from home in the UK. Most types of businesses in the UK need to have a special licence to operate, or at least a local registration in the Borough Council. You may also need permission from your mortgage provider or landlord to run your business from home.
Does your business suffer from an increase or decrease in sales during particular days, weeks or months? If it does, you are not alone. Most of the businesses I have given consultancy or get involved with in a way or another suffer from seasonality. Factors such as the weather or holiday periods can affect your business performance.
Seasonality is a characteristic of a time series in which the data experiences regular and predictable changes which recur every calendar year. Any predictable change or pattern in a time series that recurs or repeats over a one-year period can be said to be seasonal.
Being happy and living a fulfilling life is a personal desire shared by each of us. Even though most of us don’t write down our personal and business goals in any form of proper document, we all have a list of personal wishes and desires.
Our actions today will influence what we will achieve tomorrow. I am sure that you will have heard this saying many times. The problem is: sometimes we do not listen attentively enough to prompt us to act. There is a difference between wanting something , planning what needs to be done in order to get something that we want, and actually doing what is necessary to attain it.
A goal is a desired result, the achievement of some aim. It requires planning and personal commitment. A goal must achieved within a set timeframe. If you don’t set a deadline, you cannot plan and organize your actions to achieve the wished-for final result.
I am sure that, as your business grows, the number of employees will also increase and quite often you will have some sleepless nights thinking “what the hell I am doing?”. You go to bed at 11:00pm and at exactly 2:00am you are still thinking how you will be able to manage and make some many important decisions tomorrow.
You also believe that your employees are not working properly and giving their best as most of the very simple day to day decisions always come to your table. You also ask yourself: “Why should I make these decisions as someone else in my team was supposed to make the decision on behalf of me?”.
I would like to share a business secret with you. Perhaps this is the most import secret I have learned in my business life in the last 20 years. For your surprise the most important lesson is in THE KITCHEN.
At home, I am a very bad cooker. Indeed, I am a very bad cooker anywhere. Actually I am very luck to have a very pretty fiancé who is also a very good chef. She cooks all my favourites’ dishes by heart and she does not need to follow any instructions. If she wants to teach one of her friends how to cook her husband’s favourite dish, she will need to create a recipe.