Monday, September 10, 2007

Is Your Home-Based Business Reaching its Full Potential?

Is Your Home-Based Business Reaching its Full Potential?
Owning your own business can be extremely rewarding. The
satisfaction of knowing that all of your long hours and
hard work are directly benefiting you and not nameless,
faceless executives is priceless. But, is your business
everything that you thought it would be?

If you are among the many millions of people who own a
home-based business, you like so many others likely started
by following a dream. When you began your business what
was your vision? Was it finding independence from bosses,
having the potential for unlimited income, or was it simply
to be able to spend more time with your family. Whatever
your goals were, have you managed to achieve them? Do you
wake up each morning with the knowledge that you are doing
something that you enjoy, and by extension, something at
which you excel?

If not, you should ask yourself a few important questions.
What are your priorities for your business? What are the
tasks that you enjoy most? What are the duties that bring
the greatest revenue to your business? Now think about the
answers to these questions. What if you could take some of
the other duties, the ones you find most tedious, off of
your plate? Imagine being able to use the time saved to
concentrate on those aspects of your business that generate
the most profit, or that you enjoy the most.

Until recently, it was not economically feasible for most
home-based business owners to delegate many of these
undesirable tasks to additional employees. But, with the
internet-based technology that is available today, it's no
longer necessary to hire staff. There are many duties that
can be outsourced to provide extra time that can be used on
these more desirable obligations. For example:

• Financial matters can be tended to by an Accountant or a
Bookkeeper.
• Website design and maintenance can be handled by a Web
Designer.
• Administrative duties can be looked after by a Virtual
Assistant.
• Search engine optimization can be taken care of by an
Internet Marketer.

And, there are many other options available to you. Doing
an internet search for the task(s) you would like
outsourced should provide you with a large selection of
companies or individuals to whom you can outsource. The
cost for these services doesn't have to be astronomical.
You can contract work per project, per hour, or for more
regular assistance, on a monthly basis. Outsourcing some
of the activities you enjoy least, might actually allow you
to increase your income. It is estimated that the average
small business owner spends up to 3 hours of every 8 hour
work day on administrative tasks. How much more money
could you make if you could spend this time on profit
earning tasks? How much more would you enjoy your work if
you didn't have to perform the duties you dislike?

There are very few tasks that can't be outsourced. This is
not to say that you should go out and hire an Accountant, a
Bookkeeper, a Virtual Assistant and a Website Designer.
But, if you find you are spending too much time on
bookkeeping and you can't stand it, find the right person
and contract work to them. If you know you should be
article marketing, but you can't stand writing, hire a
professional Writer or a Virtual Assistant.

Evaluate what you love about your business and what tasks
earn you the most profit and focus on these. Outsource as
little or as much as you see fit. It could be the approach
you have been looking for to have your business reach its
true potential. Don't let the fact that you don't have the
resources to hire staff impede your business' growth. In
this technological age, virtual contracting is becoming
quite common. By getting the right help, your business can
be the dream you envisioned when you started it.


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Kelly Sims is a Virtual Assistant and President of
Virtually There VA Services. To find out more about
virtual assistance and how using a Virtual Assistant can
simplify your life, visit her website at =>
http://www.virtuallythereva.com . While you're there,
don't forget to sign up for her free monthly newsletter
providing useful information that enhances and simplifies
the lives of busy entrepreneurs.

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