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Are You Stuck in Your Home-based Business?

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Posted on : 23-11-2011 | By : Lynn | In : Entrepreneurship, Home-Based Business
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If you have been working in your home-business for a while, do you find yourself stuck in your business? Are you working more but getting less? It is not surprised if you are finding yourself overwhelmed, overworked and frustrated. You will have less and less time for leisure and rest as your business is taking away most of the valuable assets from you. Eventually you might end up hating your business or feeling you are a slave to your business rather than master to it.

Unless you can seek help earlier otherwise you will be stuck in your business forever. But the problem of most home-based business owners is they either do not know what they do not know or do not know who or where to seek help. I was in the same dilemma for the past few years until I came across an online business coaching program by Rich Schefren recently. It is known as Business Growth System (BGS) which focuses on developing strategies and tactics for growing one’s online business. It might sounds intimidating when the words like “strategies” and “tactics” are mentioned especially we are only a home-based not corporate business but they are a necessary evils if you want to get a breakthrough.

The BGS program covers a lot of concepts and practical advises and there are a few of them though not new but surprisingly, gave me some eureka moments. It made me realized my way of thinking and working were actually the cause of my business stagnant. Let me share with you some of them I find it useful.

Get a Vision

Rich Schefren in the BGS program mentioned that “you read a book from the beginning to the end but in business you do just the opposite”. Why? The reason is if you have a vision in mind, you can work backward to achieve what you want. A vision acts as a beacon in the dark so you can see clearly and guide you along the way. Without a vision, there is no way to know you have reached your destination; you are just watching your day gone by meaninglessly.

I always knew about getting a vision when starting a business but never take it seriously but after reading the statement “building your business from the end to the beginning” re-ignite what I have overlooked and re-align me to the correct path. For that! I’m very grateful to Rich’s program.

Change Your Role

To achieve breakthrough for your business, you should not perform the same roles as you started your business. Initially, you might be playing more of the employee and manager roles but you need to gradually withdraw yourself from these roles and elevate to the founder role. You should work on the business than in the business as you need to focus on growing the business rather than involved in the daily operation of fire fighting and challenges. You need to grow with your business; you should not be stuck in the same roles throughout your whole business phrase.

Stop Doing Everything by Yourself

Many home-based business owners tend to do all the works and usually the hard works by yourself. You could be either limited by budget or do not want to commit to extra responsibilities. However, you are not superman or wonder woman, it is impossible to do everything by yourself. You will be limited by time, energy and skills. In addition, you might lack the ability and knowledge to do certain job. For example, I’m hopeless in figures so accounting is not my forte, it will be best if I outsource it to some professional than doing it by myself. It could take me months to figure how to get my Balance Sheet balance but a professional accountant only takes a few minutes to do it.

Systemize Your Business Process

The program emphasizes the importance of systemizing your business into different processes. Edwards Deming ever said “If you can’t describe what you are doing as a process, you don’t know what you are doing.” Therefore, by systemizing your business into smaller processes help you to see the flaws and dysfunctional areas. In other words, if you view your business as a system, you could find the most efficient and under performance areas at bird-eye view. These allow you to quickly take corrective actions and re-align your business back to optimal performance.

This concept may sound aloof to home-based business but after trying it out myself, I find it extremely helpful. It allows me to see the loop-hole or gaps that I have missed out for my work process and I could describe the process in detail when I outsource to virtual team. The process is also a good reminder as sometimes I could forget the steps when I’m overwhelmed with works.

Hopefully, you find the above helpful to elevate your business. If you are interested to take a peek in the BGS coaching program, I have them listed as below.

Module #1:
The Big Damn Secrets to being a Real Entrepreneur that Almost everyone misses

Module #2:
Isolating, Developing and Profiting from Your Money-Making Strengths

Module #3:
Marketing Your Turf, Total Clarity on Your Big Objective, Generating Immediate Momentum

Module #4:
Your Mafia Offer – How to Re-Craft Your Business to Make an Offer that Cannot be Refused

Module #5:
The most powerful marketing strategies that No One Teaches or Talks About

Module #6:
Your Master Plan to Blasting Through Every Obstacle that Stands in Your Way Right Now

Module #7:
The Secret Language of Business Metrics

Module #8:
Set It and Forget It – Systemization and Putting Everything on Autopilot

Module #9:
Project Management – Exactly to Spec, On-Time, Below Budget, Every Time

Module #10:
Assembling Your Business Building SWAT Team

Module #11:
Making it All Seamless: Your Well-Oiled Machine

Module #12:
You’re Free … Now What?

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So if you find yourself stuck in your business and wish to free yourself or get a breakthrough, I highly recommend you look through the coaching program yourself. It may ends your frustration early by directing you to the right path and perspective. It has 30-day refund policy so make good use of it and see whether it does any good for you and your business.