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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.

 

 

 

 

careers that will stay

WARNING: 8 occupations that won’t exist by 2030 [Video]

Reality check. Is your current occupation found in this list?

Find out the 8 occupations that won’t exist by 2030!

 

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!

 

home based business

Getting Velocity in Your Home Based Business

Getting Velocity in Your Home Based Business

When you have laser-focus on your home based business goals you will achieve your goals that much faster. If you focus only half your time on things that are not in line with your goal….it will take you twice as long to achieve your goal.

But it gets worse than that.

Because focussing and achieving your goals builds velocity in your business

Meaning that the faster you gain traction for achieving your goal, the faster you achieve your goal, and the better the chance that actually does achieve it.

I hear people say things like “I really want to achieve (fill in the blank)” but there are things I can’t control that get in the way.

Those ‘things’ could be emails, texts, phone calls, your partner needs something, your kids need something.

Well, kids are almost the exception, they have no boundaries so they scream incessantly if they don’t get their way…and on and on.

But look, your goals have to be more important than those interruptions. If they are, you will do whatever it takes to avoid those interruptions.

You know the saying right’ ‘action speaks louder than words’.

You see, what you spend your time on is what is important to you.

I am sure some of you may be in real critical careers; you may be an emergency first responder so you have to check your messages when on call.  But even if you are, you have off time – right?

‘But Peter, I have to spend time with my kids, with my partner.’

Yes, you do, but isn’t it be better to spend 2 quality hours with them where you’re totally focussed on them, than spend 8 hours telling them to go away because they are interrupting you?

Wouldn’t it better to find ways to develop boundaries with your children and partner thereby spending MORE quality time with them?

Remember this…success is your choice. If whatever you are currently spending time on is more important than success…keep doing it.

But if you really want success, and you are committed to your home based business, isn’t it better to figure out how to deal with all the things that are getting in the way of your success?

The distraction of answering every email as it comes in keephome based businesss you from scaling operations to generate hundreds of thousands of subscribers instead of hundreds.

The distraction of answering every email that comes in keeps you from starting your new home based businesses, new websites, writing new emails, writing new books, creating new training.

So the question is…how important is it to you?

How important is success to you?

Is it important enough to choose to spend your time on things that matter?

What is holding you back?

What is eating away at your time?

Are you willing to go through the rest of your life allowing that “time eater” to control you, or are you going to make a change and choose what you focus on?

Being successful is so much more than just “time management” or  “writing a to-do list” or “eliminating distractions”.

It’s about choosing what you want to succeed at, and simply achieving your dreams – YOUR dreams, not the consequences of your decision to just keep allowing the things that detract and distract, to continue to run your life.

How important are your goals and your dreams?

Are you strong enough to make the hard choices – and follow through – to accomplish that dream?

I hope you are.

To help you start focusing on your home based business, click here.

It will LITERALLY FORCE YOU to make money online.

 

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.

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.

time management

Time Management: You Just Don’t Do It All

Time Management: You Just Don’t Do It All

The age old question, as old as time itself (see what I did there?) How do I find time to do (yet) another task or tasks in my already ultra busy schedule?

 

I know, I get it, there are only so many hours in the day, or in the time that you have set aside for yourself, to build your business. So you really can’t do everything.

time management

If you do try to do everything, guess what happens..

 

you only finish the stuff that’s not really that important.

 

What do I mean? Well, for example, what’s more important – to read every niche news email you have subscribed to, in your inbox so you know what’s current in your business niche today? Or to use those hours to create or improve your product/service?

So how to plan your tasks? Or to start addressing your time management? issue?

How about this; what’s more important – respond to every message on your phone, as soon as it comes in, or write your sales campaign – be it a sales letter, email campaign, or online sales page?

 

When you manage your time, the goal isn’t to get everything done – it’s to get the important things done.

time management tips

So look at your daily to-do list (you do have one -right?) and prioritise the important tasks from the ‘everything’ tasks. Some examples of important tasks for your business could be; writing (or rewriting) your new book. Or recording a new training course. Or writing a new series of emails.

These tasks are important because they will help you make money – long term (all of those things are “do them once…get paid forever” kind of things)

 

So to help you focus on what you want to get done, I recommend that during your business hours of focussed effort, you turn the phone off, close your email window, tell your husband (wife, partner or significant other) you are going to work for 2 hours and do nothing but that one important thing you want to accomplish.

Only 2 hours I hear some of you cry; yes – 2 hours.

Let’s say you did that just 5 days a week, that’s 2 hours solid, without interruption.

In one week you would have your 10 hour home study course recorded.

The next week you would have 25 emails in your autoresponder campaign.

The next week you would have recorded 10 hours of your coaching program.

The next week you would write 25 articles and post them.

In just 30 days, you would have a 10 hour home study course to sell,  a 10-week coaching program, 25 emails and 25 articles.

How do I know this? Because I learnt it, and you can learn it too.

As many of you will know already, I have partnered with a very successful online entrepreneur to provide an excellent quality and low budget coaching course, you can take a look right here about Passive Income and apply the 2 hours time management I told you above…

Till next time!

 

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.

Avoid Eyestrain When Working on your Online Business Startup

When you’re working on your online business startup, you’ll often be in front of a computer screen. Then again, you can’t help it, since doing business online is the standard today. Whether you like it or not, you will have to spend time facing a screen.

However, this can be a problem, especially when you’re also facing a screen for nearly eight hours a day for your day job. Too much time glancing at a computer display can strain your eyes. Left unchecked, this can damage your vision in the long term.

Remember to take care of your eyes with these three simple techniques.

Look away from the screen every 20 minutes.

online business startup

A major cause of eyestrain is when your eyes focus on only the monitor – and nothing else – for a really long time. To give your vision some rest, make it a habit to look away from the computer every 20 minutes. Glance at something farther – say 20 feet away – for about 20 seconds. Afterwards, you may get back to work on screen.



Cover windows to reduce glare.

you need a coach or a mentor

Reflections of windows and walls can also hurt your eyes whilst working in front of a computer. They are distracting and would compete with the things your eyes want to focus on. To avoid this, shut the curtains or close the blinds. With less light reflecting off the glass of your monitor, you can eliminate glare.

Don’t forget to blink.

online business startup

When you’re concentrating on a task in front of a screen, chances are you would neglect blinking. Later on, you’d probably notice your eyes feeling dry. Which is why you should not forget to blink – it rehydrates the eyes. Dry eyes can hurt, so blink away to keep them moist.



Your eyes are very important assets, so it’s always wise to take good care of them. These simple steps can be a big help already. Your eyes will stay healthier, and your vision will stay clear for longer.


 

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.