start your own online business

So You Want To Start Your Own Business?

So You Want To Start Your Own Business?

So you have decided to start your very own small business. Excellent decision! This is the first step to your financial freedom. Doesn’t everyone want that in life?

But you may want to know more first before starting out. That’s another good thing because knowledge is power. Knowing what to do beforehand gives you the power to do it the right way.

start your own online business

I’ve laid out a few things you need to know before starting your own small business.

The Why

It’s Monday. You wake up to your 6am alarm, and get yourself ready for the day’s work. Take a shower, eat breakfast, get dressed, walk out the door, get on the tube, enter the office, take your seat, and get to work. That’s the usual daily routine. The thought of starting a small business in the UK has never crossed your mind. Of course not, since you have lots of work to do.

We do the things we do for a reason. If you’re looking for exactly that, this is where to start. Read this article to find your why.

The What

What are you good at?
In other words, what are your skills? What sort of education do you have? What do you already have on you that you can use to make money? Let me give you some simple examples.

starting an online business

Let’s say you’re a good artist. That’s a skill. It’s something you can monetise. With that, you could set yourself up as a graphic designer. You could make logos for a price. You could make prints and sell them. You could also make shirt designs and sell them. It’s up to you.

Once you’ve found your why, the next question is “what”. What kind of a business should you start? Read this one to know more about finding the right business for you.

The How

Having the right attitudes is everything in business.
When you want to start your own UK small business, keep this in mind. How you think is as important as what you do. When thought and action align, you are on the path to success. And because it’s only you who can make your business succeed, it’s all the more important.

Now that you’ve identified the why and the what, now comes the “how”. How should you run the business? No, I’m not talking about strategies yet. That comes later.

It all starts in the mind. How, in terms of mindset, should you approach doing business? Read this one to find out.

4 Skills In Making An Effective Leader

How Good Of A Leader Are You? 4 Skills In Making An Effective Leader

How Good Of A Leader Are You? 4 Skills In Making An Effective Leader

Running a business, whether online or offline, big or small, demands good leadership skills. If you can’t lead your team well, your business will not grow and thrive. Your team will not work effectively if you don’t lead them the right way.

4 Skills In Making An Effective Leader

If you don’t have these skills yet, running a business is a great learning opportunity for you. You can be a great leader; just be willing to learn all the time.

Need help? I have you covered. Have a look at these recent leadership articles on MyBizTips to guide you through. These are the 4 skills in making you an effective leader.

Vision

If you’ve ever been to any job interview, more likely than not you’ve heard of this question: “Where do you see yourself in five years?” It may be cliche, but it’s actually a good question. Only those with a vision for themselves can answer that question well. What is your vision for your business? Do you even have one? It’s really important that you do. Read more here.

Inspiration

Great leaders inspire people to be their best and to do their best work. If you have a team of people working with you, ask yourself: “Am I doing something to make them do the best that they can do?”

A good leader inspires his people to do their best work. Do you? Here are some tips if you haven’t gotten the hang of it yet. Read more here.

Being a Good Mentor

Every CEO is at the top position for a reason. It’s not just to earn lots of money; being at the top includes the greatest responsibility of making sure the company runs smoothly. Part of that is being a mentor to the people under them.

small business ideas
As the owner of your business, you are your team’s mentor as well. If that intimidates you, don’t worry. Read here for some advice on becoming a good mentor.

Resolving Conflict

Whenever you’re working with a team, there will always be times where you’ll face conflict. Disagreements and misunderstandings, if not handled well, may escalate into hostile encounters. But of course, you’re running a business, not a boxing ring, so it’s best to avoid getting into a fight.

Inevitably, you and your team will run into conflicts. But it never has to turn into a fight. Here are some ways to defuse conflict and get something good out of it. Read here for some tips on resolving conflicts.

 

 

 

 

multitasking skills

Is this female skill stopping your business growing? | Multitasking

Is this female skill stopping your business growing? | Multitasking

Hello again, hope all is well with you and yours, how’s your week been – as productive as you’d like?

If, like me, in the early days of building my home based business I found it wasn’t always productive. I would often find myself at the end of the week not feeling my own business had moved on at all.

I’d see the results from my day job and my employer was satisfied with the output, but whilst I had a high output at my paid job, my own personal goals and home business goals were lacking.

I sat down and took a long hard look at what it was that was causing this lack of progress, lack of velocity as I like to term it. I realised – it wasn’t any one thing. I realised I was focussed on the wrong tasks, those tasks that you could think of as low productivity tasks….

 

‘What might that be – Peter?’

 

Well let me call out one major task with you, I am pretty sure you can relate to it, in some way;

 

It’s (drum roll please)………..

 

Multitasking

 

I know women are supposed to be highly skilled at multitasking (hence the tile), but I am not convinced that anyone is really. Better to focus on one task, get it done then move to the next.

multitasking skills

Let’s say you start your session with 6 unfinished tasks and you multitask to move them all forward, almost certainly by the end of your session you’ll have moved most of them along, but you’ll likely still have 6 unfinished tasks – how will that make you feel? Not that excited about your own business I’m sure.

 

No

 

It’s much better to have a task list and highlight the most productive tasks and get them done one at a time, then tick them off as ‘done’.

 

At the end of your home business session, you will have closed off some tasks. And, even if it’s only 1 completed task (trust me – it won’t be), then picture how much more satisfied and motivated in your business you’ll be!

 

This and many other sage pieces of advice are available to you at the click of a mouse go here. Even if you are working to a tight budget.

 

If you’re working to a tight budget but would still like to get some coaching to get you started, I have partnered with a very successful online entrepreneur to provide an entry-level coaching course, you can take a look here

Until next time, thanks for reading.

 

It’s Crunch Time: How To Stop Being Overwhelmed?

I was chatting with an old, well not that old actually, friend a few days ago.

 

She was telling me how she was struggling to keep focused on her tasks with so many other distractions in her schedule, kids squealing around her, her partner getting grumpy (‘you never have time for me’), she can’t concentrate and get things done.

crunch time

‘Stop!’ I said

 

Get a grip girl! Clearly not the right thing to say to a woman – especially coming from a man. She looked at me through those evil squinty eyes, you know that look – right, but before I turned to stone I said…

 

‘Look, cut down the time you’re working on your business and get more focussed – crunch your time – all of it!’

 

As she sipped her G&T she whispered ‘crunch it – FFS’

 

‘Yes, crunch it’

 

I went on to explain crunching time. Or It’s crunch time!

 

Take a piece of work or task, or pretty much anything you have to do and do ONLY that one thing / task. So, let’s say you have to spend some time with you kids, helping them study, then just do that – and only that! Your kids will love you for it as they get your undivided attention, your other half will love it as they get some ‘me time’. Win – win -win.

 

Here’s the thing – you have to have rules!

 

You and they have to commit to this new way of being… as much as is possible, in these crunch times that you set.

crunching time

The rules –

 

1 – Focus only on that one task no distractions

2 – No one is allowed to interrupt during the crunch session – it breaks the momentum and impacts on the output.

3 – Crunch time is only 40 minutes

4 – When it’s over it’s done

5 – Take a break (10 minutes should do it)

6 – Move to the next crunch or free time

 

She looked up from her now half full G&T and smiled.

‘That just might work’, she said.

 

‘There’s no might’ I replied – and I’ll have what your drinking – thanks.

 

If you’re working to a tight budget but would still like to get some coaching to get you started, I have partnered with a very successful online entrepreneur to provide an entry level coaching course, you can take a look here

iPocket Video Review 2018

iPocket Video Review 2018 by MyBizTips

This is my short video review of the great smartphone video training course – iPocket Video Review 2018 by MyBizTips. Today’s smartphones and iPhones have excellent video quality and most have high definition and 4k.

You no longer need to invest in expensive video equipment. You only need to learn how to get the best from your phone! Now you too can make Hollywood quality videos that you’ll be proud of.

Ideal for personal use, just to improve your own video skills, or if you run a business add video production to your services.

Get immediate access now and I’ll also include two free ebooks that compliment Joe’s course. Go here and get immediate access: http://bit.ly/mbt_ipkt

ideas into business

Turning Committed Ideas into a Business | Small Business Idea

Turning Committed Ideas into a Business | Small Business Idea

You’ll recall no doubt that we left this subject with you having identified those ideas on your list that you had said you would be committed to if you were able to start a home-based business in any / all of them. So what’s next for your small business idea?

 

Let’s put them all in the order in which you personally would love to have a business in that area; ignore cost issues, for now, just put them in the order your most committed to.

small business idea

Right – done that?

 

When you have, let go back to that startup cost question and close that off.

 

Look at your list, which of the small business ideas will require equipment that you don’t have or can’t reuse in order to get started? Look at those business ideas, ask yourself what can I do in the small business idea (market) that doesn’t involve all the equipment?

 

Is it possible I could outsource some of the tasks of the business to other people and allow me to start the business? Can I scale up (start small and grow)?

ideas into business

Just asking these questions, especially if your number one chose is on this list, will make you start to be creative in how you look at the business ideas, the more excited (committed) to a business the more creative you’ll be to find ways and to stay in business.

 

When you have done this and there is really no other way to start any of the home based business ideas, just strike it through. And forget about it. If you have strong pangs of disappointment over any you have removed, go back to it and ask yourself the questions above again.

 

Okay we’re done! Well, alright no we’re not, but we do now have the list of business ideas that we can consider as our home based business.

 

Next time we cover this topic we’ll look at which of those ideas have a real market and which ones don’t. That’ll be next week (not Sunday), so watch for next article.

 

If you would like some coaching to get you started, I have partnered with a very successful online entrepreneur to provide an entry-level coaching course, to start your own online business. You can take a look here NOW!

 

right attitude UK small business

How to Get Even More Done With the Two Minute Rule

In the modern workplace, there is always so much to do. And even more if you are building an online business startup. The bulk of tasks to be checked off that to-do list often seems insurmountable.

But there are ways to overcome that overwhelming feeling. One tip discussed before is taking on the most important tasks first. These are usually the ones that take the most time to complete, and the ones requiring the most creativity and brainpower. Once those are done, your mind can relax with the easier tasks for the rest of the day.



So, what’s next?

This is where the two-minute rule comes in. Have a look at your to-do list. Which tasks can be done in two minutes or faster? Once you’ve identified them, finish off those quickfire tasks right away. With that, you’ll be ticking off more boxes out of your to-do list. The more it clears up, the less stress you will feel as the day goes on.

The two-minute rule has one main benefit.

UK home business stop

It’s a quick and easy way to kill procrastination. These small tasks usually get neglected – “I’ll just do them later; they won’t take long anyway.” This excuse keeps popping up, and it compounds the number of small tasks yet to be done.

This rule can also help free up your Mondays.

online business startup

Often, you’ll find that it’s these small tasks creep their way into the next day’s list of tasks. Or worse, they can rollover well into the following Monday. No wonder many Mondays give people really bad headaches.



By applying the two-minute rule, that pile of unfinished work will soon disappear. The less overwhelmed you feel about the things you need to get done, the more you will actually get done.


 

If you are interested in creating an online business startup but have no clue where to start, you should download my FREE EBOOK below to get a list of small business ideas that you can later try out.

laser focus your success

Laser Focus Your Success

Laser Focus Your Success | Small Business Tips | Work From Home

Did you know there aren’t actually 24 hours in a day?

Okay, well, of course, there are, at least on a regular clock. But what I really mean is, you don’t get to use all 24 hours in a productive way that you may like.

Take me for example, if someone could invent a pill that would allow my body to recover from the day’s activities instead of having to go into a semi-conscious coma for 8 hours in every 24, I’d be at the front of the queue.

laser focus

Laser Focus!

I am willing to wager, there’ll be readers of this article agreeing with me. If you are one of those great! It means we are aligned and we share similar values for success and security.

Well anyway back to the subject in hand, 24 hours, right.

Here’s the thing – each day has a finite number of hours and minutes.  And how you spend your time will decide whether or not you achieve your goals.

What’s really bad is – when it’s gone, it’s gone! You will NEVER get that time back. You can’t pop down to the time bank and ask for a time overdraft or a loan.

Nope, when you use your time you only get to use it once.

laser focus your success

Here’s the good news though! We live in an age where we can use technology to create multiple opportunities to create wealth for ourselves even while we sleep!

If you do the work to create great popular and in-demand products and services and set up the right technology to support and service your clients, you will get your future time back – in abundance!

But you have to do the work first and what better time to start than now?

Practice that focus, you can start here.

So make your goals more important than other ‘things’, focus on productive tasks that drive your business idea forward, get laser focussed on your business goals, avoid unproductive interruptions, remember the ding of the email and instant message chats?

Turn off the TV (moving wallpaper as I call it), get your partner to sort your kids out (if you have any), lock yourself in the study, or your office or your bedroom – wherever you need to be to get laser focussed time.

AND get on with building your independent future. Do it now do it today, because your future self and your future family will thank you for it!

Until next time, have a great day!

P.S. Practice that focus, you can start here.

start a small business in the UK

Tackle Your Most Challenging Small Business Ideas First

Do you like working in the morning, in the afternoon, or late into the night? Maybe you like doing it after your day job, right when you get back home. Whatever your preferred work schedule, here is another rule of thumb to keep in mind to maximise your productivity. The rule is to work on the most challenging small business ideas first.

Have a look at your to-do list. I’m sure it’s loaded with tasks you must finish. If you can recall the article on prioritising, an important thing is to identify the most important tasks to get done right away. You may identify two, three, or even more tasks that fit into this category.



Amongst the many important tasks, which one should you do first then?

online business startup

Figuring out the answer to that may be another chore. True, prioritisation may have eased up your planning phase; however, having multiple important tasks can catch you off guard again.

Finding out the one task you must work on first has thus become a chore. But it does not have to be if you know this extra trick.

Ask yourself which task is the most challenging.

online business startup

Which one will take the most time to complete? Which will require the most creative energy or brainpower? Also, what is that one task you would rather not do before the day ends, when you’re already feeling drained?

Those questions will lead you to that one specific task you have to accomplish first. Once you’ve zeroed in on it, focus on that task completely until it’s done.

This takes advantage of your brain’s peak performance level.

small business ideas

Each day, when you are just getting started working on your online business startup, you are at your most creative and productive state. Your mind is sharpest at this point in time, and you are able to solve problems a lot more easily. Your mind is in the best condition to tackle difficult projects. Taking advantage of your heightened mental state, you can finish those challenging tasks with flying colours.



If you are interested in creating an online business startup but have no clue where to start, you should download my FREE EBOOK below to get a list of small business ideas that you can later try out.

buy a franchise

Why You Shouldn’t buy a Franchise?

Why You Shouldn’t buy a Franchise?

When looking to start your own home based business one very popular option is to look at investing in a franchise. There are a number of advantages with franchises; an established name, a sales territory, sales leads, advertising and marketing, to name but some of the major benefits.

 

Well, at least that’s how most franchises would tell you. But just stop a minute and think this business model through.

online business startup

Unless it’s a very unique and specialist franchise, what possibly can be an advantage in investing in the name of a known brand?  Just think about this; you are buying a business name that (hopefully) is recognised by your potential customers, but how uniques or well respected is that brand, is it significant enough to mean any good independent competitors can’t compete?

 

That’s especially true when you remember you don’t have an exclusive sales territory – what that means is that no other franchisee can promote in your area, but you still have every other competitor in your sale area too.

 

What about those leads, well that may have some value, but how good are those leads? Are you still expected to follow-up on enquiries or are they actual orders? What if you can’t afford the investment in the franchise?

 

Well many franchises can arrange financing to help you start your franchise business, sound great – but you still have to pay the loan back, assuming you meet their requirements for lending in the first place.

 

Assuming you are still considering a franchise, ask yourself why are you getting in to your own home based business, is it to become independent and be able to run your own business the way you want to, to make as much profit as you can and keep the majority for yourself?

buy a franchise

You can probably tell I don’t have a high regard for franchises, don’t get me wrong some (like McDonalds) are great franchise opportunities, but they come with almost cast iron guarantees of success, many franchises don’t.

 

No, starting your own business is tough enough, but immediately committing to paying a franchise fee, plus a percentage of turnover (or target turnover) and potentially any financing, even before you pay yourself! Doesn’t sound like a great way to start your own business in my view.

 

If you want to have another job and/or another boss, then a franchise will surely take you there. I don’t think that’s for you though, else you wouldn’t have read this far.

If you want to start small and don’t have enough budget to buy a franchise, check out Passive School.

 

Have a great weekend.