If you are starting a business, one of the first things you have to do is come up with a good idea. Here are 10 tips you can use in order for you to come up with your perfect business idea.1) Improve upon an existing business, product or service. Look around, there are plenty of profitable businesses, products or services that can be improved upon.Remember that no invention good exist without the inventions of the previous thing before it. The car wouldn’t have been possible without the wheel etc.Look around at products you use now. Can you improve upon it?What about the websites you visit now. Are there any features you want that the website doesn’t have?You are trying to build a better mouse trap as Donny Deutsch always say.2) What is it that you need that isn’t available to you? Is there anything that you want right now, that will benefit yourself and others that doesn’t exist?Take out a piece of paper, and write down everything you can think of that you want but don’t currently exist.You can do this for particular topics as well. What about fitness that you want but doesn’t exist? What about finance? What about food? Is there a way to prepare or make food that doesn’t exist?One of the keys to coming up with good ideas is the ability to brain storm.3) Look at trends. Great success often rides the heels of great market trends. What is coming up that will change everything?What does your kids do, that you don’t do? What is hot right now in the media?Watch the TV, are you seeing similar style ads? What’s the trend?What are the best selling books? What are they talking about in the news? What’s the hottest products on eBay, on Amazon?You can also look at website trends, and keyword trends.
Utilizing your time and resources carefully and accurately is the basic essence for earning money with your home based business. If you are incapable of managing your time well, you will be going in circles and it will affect your business productivity. Therefore, focusing on proper time utilization techniques is the basic formula for success with your business.While operating from your homes, there will be two things to take care of from the same location. Therefore you will be constantly indulging yourself with your business and home activities from your home itself. Sometimes, the personal works will also have their importance and therefore spending time on them could become inevitable.In order to manage your time effectively with your home based business, you will need to primarily categorize the time spent on each task and grade them according the priority levels.There are many ways in which the time is spent when you operate your business from your residence.Personal work:
When you operate from your home, you will also need to attend to the normal activities and requirements of your home. You might need to spend quality time on works like going to the bank to deposit to deposit the check, running errands and many other such activities.
You could also go on a long vacation with your family and friends, spending time on watching television or on personal calls etc. Business activities:This can be further categorized into two main types:
Time spent on actual selling like promotional and marketing activities. Meeting clients and taking orders, answering customer queries and so on.
Time spent on back end work like making reports, paperwork, creating invoices, making payments, employee training and so on. The priority levels of the above mentioned activities will keep varying according to their importance on that particular day.How to get the best productivity in your home based business:Prepare for a smoother tomorrow:At the end of every workday, you could create a checklist on what needs to be done for the next day. By doing this, you can get straight into operations in the morning itself. Also grade the activities on checklists according to the priority levels. As and when you complete the activities on the following day, you can strike them off the checklist.Priority one, priority two, priority three:While operating our business from home, we will come across the tasks which could be either related to business or it could be personal. You will need to quickly analyze the priorities according to the deadlines which your company has to meet. The balancing act could get very tricky at times.Break times:Try not to get out of your seat for every small reason unless it is really very important. Develop a schedule break plan and stick to it, no matter what. The productivity of your business will depend on your discipline.Unwarranted tasks:When you are seeking some information by surfing the net, you will need to give yourself a time limit to find the information. Even without you realizing it, it might go on for hours together.You will need to carefully balance the tasks and dedicate your time accordingly in your home based business. You will need to ignore the disturbances and distractions which could result in the productivity loss.