In today’s economic climate it might seem as if we are headed for another depression. With a tough labor market, jobs are difficult to obtain. While things seem bad in the depression today, there are things you can do. This piece is meant to offer tips for navigating the tough economic landscape.
You need to have a personal phone line and a business phone line which are separate. You want your business to appear professional; plus, you wouldn’t want a kid or someone else not associated with your company to answer the company phone.
It is important to dress for success, even if you are just working out of your home. In a home office scenario, you may feel the desire to work in your pajamas. Instead, wear clothing that would be appropriate for an ordinary workday. Getting dressed professionally will help you feel professional and improve your productivity.
Starting a online business can be exciting, but it also takes a ton of initiative and a burning desire to bring your dreams into reality. Some counties have regulations specifying the criteria for buildings used for commercial purposes. Depending on your county’s laws, you may want to consider having a separate office built on your property, so you do not have to bring clients into your personal residence. This will allow you to save money that would have been spent on paying for office space to rent, and you’ll also save on gas since you won’t need to make a daily commute.
Draw up a workable schedule so your business doesn’t interfere with your personal life or vice versa. Choose a time to turn off your business phone. Set aside personal time, and time to spend with your family and friends.
Be sure to gives customers notice of any item that is sold out. It’s extremely upsetting for customers when they learn that delivery on their order is going to be delayed for an extended time. Give your clients the option to chose other products and let them know when a product is on back-order.
When you work from home, limit your family interruptions. Because getting interrupted is something that can make productivity go down, be sure people know when you’re going to be working and when you are finished for the day. It is important that they understand that privacy is needed and will allow you to spend time with them just as soon as you complete your work. Ensure that your children are well-supervised and they know you are available in emergency situations.
Look for forums online. This will help you network in your industry and establish your product and name. You might be surprised what a new contact can do for your business.
Have a clear business objective, which is a simple description of your business stated in one or two sentences. Be sure to include the purpose of the business, as well as any goals you have for it. Theses sentences should describe what makes your business unique and what your business is trying to achieve.
Emergency Fund
Protect your business’s financial security by setting aside money in an emergency fund. Doing so ensures there are no unexpected surprises that can damage your business. Do not use the money in your emergency fund if unnecessary. If you do use the money, be sure to replenish it as fast as you can.
As mentioned before, a new recession may be near and things are tough. You might be concerned about your family’s survival. Hopefully this article has given you some helpful tips to help you survive this “Second Great Depression.”