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Are You an Entrepreneur That is Starved for Time?
Being an entrepreneur and running a successful home-based business is stressful at times, and can be hectic. Success within a home-based business though, absolutely demands time management skills, or the chores that need to get done will be left undone, and procrastination, as well as a serious "personal time deficiency" will occur. Several studies have shown that many first-time entrepreneurs spend too much time on "non-essential" activities within a business, activities that have nothing to do with business, or that have little impact on business success. At the end of each business day (when it finally ends), they are left feeling stressed out, burned out, separated from their personal lives, and worse yet, with a feeling of non-accomplishment and inefficiency. You probably have met entrepreneurs like this occasionally in your own life. They constantly seem "busy", yet they are constantly late for appointments, don't ever have time to attend personal activities or outings, and are always stressed out about what still "needs to be done" each and every day! A "personal time deficiency" occurs when an entrepreneur seems to spend all their time either working on the business, or thinking about the business. The entrepreneur can neglect family, friends, activities and personal pleasures, in pursuit of business functions. This is not only counter-productive to the business (creativity shines through when entrepreneurs also schedule time away from the business), but personal losses can occur to the entrepreneur. Horror stories abound about divorce among entrepreneurs, shattered family lives, and personal ruin. What causes "personal time deficiencies"? A variety of factors: 1. An entrepreneur does not sufficiently plan every activity during the working day, with a pre-set amount of time allotted for each business activity. Without an active "work schedule", an entrepreneur can feel unrestricted, and therefore spend too much time on some activities and not enough on others. All activities should be done "on schedule" if possible and within a certain amount of time. Too much "fussing" over each activity will lead to very little accomplishment each day. Neglect of other activities will lead to a sense of little accomplished. 2. An entrepreneur becomes distracted quite easily during the business day. Personal phone calls and activities need to be kept to a minimum. If an entrepreneur were working outside their own business, for someone else, they would not have the luxury of "dropping everything" and going shopping or out to lunch, if time were not allotted for this! Also, family members and friends could not drop in and "visit" whenever they liked. A work-at-home business needs to be viewed as any other type of employment, where personal distractions could not, and do not exist! 3. Lack of a succinct business plan that effectively spells out business activities that need to be completed in an organized step-by-step fashion and that entails certain accomplishments within a certain timeframe. A business plan is essential for success in any work-at-home business, just as in bigger businesses. A business plan is the "blueprint" used for mapping out "where" a business is headed, and just "when" it will arrive! A good business plan will have weekly, monthly and yearly growth accomplishments built into it, with planned implementations towards that growth. 4. An entrepreneur does not possess enough self-motivation to "be their own boss". Half the battle of running a successful home-based business is having the correct mindset to do so. The gap between "employee thought processes" and "business owner processes" must be bridged before business organization is accomplished. Motivation is different in an entrepreneurial endeavor, as no "boss" is standing over the entrepreneur, making certain they finish the allotted chores each day. 5. An entrepreneur does not actively "separate" business and personal time in their minds, and plan their personal time as effectively as they do their business activities. Having personal time will refresh and energize, not distract from the success of a home-based business. It is absolutely necessary to plan personal activities into each day, and also stick by the plan for those activities. This is an emotional health issue, and one that needs consideration by every entrepreneur, as it is oftentimes too easy to become caught up in the business to the exclusion of all else. Overall, all the above aspects need to be managed in order to balance an entrepreneurial lifestyle. The life of an entrepreneur is without a doubt, an "atypical" lifestyle. It is a lifestyle that needs more work and more determination than other types of lifestyles. Time and energy can be balanced in this lifestyle, but it may take a while to achieve this. When a balance is achieved, "time starvation" will disappear! Vishal P. Rao is the owner of: http://www.work-at-home-forum.com/ An online community of people who work at home.
Latest News:Site: Yahoo! News Search Results for news Myanmar's Suu Kyi to get family letters, news mags (Reuters via Yahoo! News) Detained Myanmar opposition leader Aung San Suu Kyi has managed to wring small concessions from the ruling generals in the form of letters from her family and some international news magazines, her lawyer said on Friday. JCDecaux in talks for News Outdoor Group in Russia (AP via Yahoo! News) French outdoor advertising firm JCDecaux SA said Thursday it is negotiating to buy Russian rival News Outdoor Group from global media company News Corp. News Corp tightens grip on Premiere with new CEO (Reuters via Yahoo! News) Rupert Murdoch tightened his grip on German pay-TV broadcaster Premiere by appointing News Corp executive Mark Williams as CEO in a move to get the company back on track. SEC Looks Into UAL Stock Scare; Implications For Online News? (CBS News) A ton of digits have been devoted to this in other spots but the SEC's decision to investigate takes it to another level. The backstory: a six-year-old news story about UAL declaring bankruptcy made it into the Tribune-owned Sun-Sentinel 's current news flow, was picked up by a Google (NSDQ: GOOG) News bot and, via a reporter for a newsletter, made it onto Bloomberg News. After a lot of buck ... JCDecaux and News Corp. in talks to combine outdoor ad groups (International Herald Tribune) The News Corp. chief executive, Rupert Murdoch, has recently expressed nervousness about investments in Russia, where News Outdoor generated the bulk of its revenue last year. SEC Looks Into UAL Stock Scare; Implications For Online News? (paidContent.org via Yahoo! Finance) A ton of digits have been devoted to this in other spots but the SEC's decision to investigate takes it to another level. The backstory: a six-year-old news story about UAL declaring bankruptcy made it into the Tribune-owned Sun-Sentinel's current news flow, was picked up by a Google News bot and, via a reporter for a newsletter, made it onto Bloomberg News. JCDecaux in talks to buy News Corp. billboard unit (AP via Yahoo! Finance) In a deal that would create the world's largest outdoor advertising company, French conglomerate JCDecaux SA said Thursday that it is in talks to buy Russian rival News Outdoor Group from global media company News Corp. Phila. mayor to announce grim budget news (The Philadelphia Inquirer) The Nutter administration is expected to announce grim budget news today, which is all but certain to lead to significant spending cuts - perhaps as high as 10 percent - in some city departments, according to three sources familiar with the budget. News Corp says Mark Williams interim Premiere CEO (Reuters via Yahoo! News) News Corp. executive Mark Williams has taken over as chief executive of German pay-TV broadcaster Premiere in an interim capacity, News Corp. said after the move led to renewed takeover speculation. News Corp. says Mark Williams interim Premiere CEO (Reuters via Yahoo! News) Mark Williams, a News Corp. executive named late on Wednesday as chief executive of German pay-TV broadcaster Premiere, has taken over in an interim capacity, a News Corp. spokeswoman said on Thursday. Site: news - Google News New Voices in Congress Will Change the Tone of the Democratic Majority - New York Times
MORE RESOURCES: Site: Yahoo! News Search Results for entrepreneurialism Lone Star Library: Green Mountain founder shares entrepreneurial insights (Fort Worth Business Press) Rural Southerner Sam Wyly came by his self-made captain-of-industry status the hard way, developing a passion for business strategy by playing schoolboy football and observing his parents? natural gift for small-business operations and hard-bargain bartering. S.C.'s brightest complete Business Week (Columbia Star) Approximately 200 high school students from across S.C. have successfully graduated from South Carolina Business Week, presented by the South Carolina Cable Television Association, July 13- 18, at Presbyterian College in Clinton. Wellington West opens Montreal branch (CNW Group via Yahoo! Finance) Wellington West Holdings Inc., a privately held, employee-owned financial services firm, today announced the expansion of its national network with the opening of a Wellington West Capital Inc. full-service retail investment branch in Montreal, Quebec. Ctek Selects Kyocera 300 Module for Z4100 Wireless Router (Centre Daily Times) Kyocera Wireless Corp. (KWC), a leading global manufacturer of wireless handsets, devices and embedded machine-to-machine (M2M) modules, and Ctek, a leading manufacturer of specialized communications solutions for industrial and commercial applications, today announced the selection of the Kyocera 300 Module for Ctek's cost-effective Z4100 Router. The Kyocera 300 Module enables reliable, ... Memphis confident of growth campaign (Memphis Commercial Appeal) One year after the launch of a $64 million economic development campaign, city officials are increasingly optimistic about the impact of MemphisED on the Bluff City. Summer break project: JTCC student lives, learns nonprofit leadership with Pheonix Project (The Petersburg Progress-Index) CHESTER ? Jamie Poniatowski, a Class of 2008 human services major, spent her summer break in Petersburg, participating in the Phoenix Project?s 2008 Nonprofit Leadership and Social Entrepreneurship Program, which transforms committed undergraduate and graduate students into effective social entrepreneurs with the knowledge, skills and connections to succeed in Virginia?s nonprofit sector. Ctek Selects Kyocera 300 Module for Z4100 Wireless Router (Business Wire via Yahoo! Finance) SAN DIEGO & RANCHO PALOS VERDES, Calif.----Kyocera Wireless Corp. , a leading global manufacturer of wireless handsets, devices and embedded machine-to-machine modules, and Ctek, a leading manufacturer of specialized communications solutions for industrial and commercial applications, today announced the selection of the Kyocera 300 Module for Ctek?s cost-effective Z4100 Router. $1 Million Opus Prize Finalists Announced (PR Newswire via Yahoo! Finance) Seattle University and the Opus Prize Foundation today announced three finalists for the $1 million 2008 Opus Prize, one of the world's largest humanitarian service awards. Guided by faith and an entrepreneurial spirit, Marguerite "Maggy" Barankitse, Krishnammal Jagannathan and Michael Woodard are working throughout the world to give people the tools to transform their lives. Scotiabank Online Small Business Contest Last Call (CNW Group via Yahoo! Finance) The chance for Canadian small business owners to win $50,000 in cash prizes is coming to a close. As part of Scotiabank's 'Get Growing to a Million' Campaign, the online challenge has offered small business owners across Canada a chance to win one grand prize of $20,000 and six regional prizes of $5,000. In cinemas this weekend (Guardian Unlimited) RocknRolla | The Duchess | Bangkok Dangerous | Disaster Movie | Sweete Land | El Cantante | Never Apologise | Mera Pind My Home Site: entrepreneurialism - Google News Ohio House Speaker Budish touts regionalism in his first address - WKYC-TV
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