Three Tips for Home-Based Business Success!

Three Tips for Home-Based Business Success!

According the US Census Bureau, 13.4 million people work from home now. That’s an increase of 41% over the last decade. This significant rise in the number of people who want to work from home and own their own home-based business a direct result of technological advancements but it’s also an indication that people are looking for ways to make more money, achieve a better balance in their lives and spend more quality time with family.

Having the desire to launch your own home-based business is easy, but starting out on your own can be a bit daunting. The good news is that you can significantly increase your odds of success by making sure that you have three key things in place before you get started:
Support: Having a mentor to show you the ropes and guide you through your business start-up can be a valuable asset for new business owners. Researching and establishing a new business can be time consuming not to mention confusing without the guidance of “someone who’s been there”. Seek out an expert who can give you the support you need.
Plan: Operating systems are key for businesses to run smoothly. Liability issues, a marketing plan, invoicing, customer service, etc. all need to be outlined so you can use your time efficiently and present a professional image to prospective clients. Be sure to have a plan for how your business will operate on a day-to-day basis (not to mention how it will make money!) before you start.
Discipline: Unlike traditional offices, there may be a lot of distractions when you work from home and your working hours aren’t defined for you. Even if you’re only able to dedicate 15-20 hours per week to your business, it’s important that you’re disciplined and use that time as efficiently as possible.One way to avoid getting bogged down by household tasks and family responsibilities is to have a coach who will keep you on task and help you accomplish weekly, daily and monthly goals.
Baby Boomer Business

Baby Boomer Business

It’s called the “Graying of America”.

As of November 2016 there were more than 50 million seniors living in the U.S. and according to AARP (American Association of Retired Persons), more than 90% of them want to remain in their homes or “age in place”.

But, as senior homeowners begin to experience reduced eyesight, poorer balance, reduced flexibility, etc. home modifications need to be made in order for them to live safely and comfortably.

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The most widely requested home features that are especially important to seniors are:

  • Safety features such as non-slip floor surfaces (80%)
  • Bathroom aides such as grab bars (79 percent)
  • A personal alert system that allows people to call for help in emergencies (79%)
  • Entrance without steps (77%)
  • Wider doorways (65%)
  • Lever-handled doorknobs (54%)
  • Higher electrical outlets (46%)
  • Lower electrical switches (38%)

The majority of these features do not currently exist in most seniors’ homes:

– The National Association of Home Builders (NAHB) reports that 75% of remodelers report an increase in inquiries related to aging in place.

– The NAHB also predicts that the aging in place remodeling market to be $20-$25 billion which is 10% of the $214 billion home improvement industry.

Most importantly, senior homeowners and their caregivers need to find contractors they can trust which is why Aging in Place Referrals has evolved from my existing Homeowner Referral Network (HRN) business. I personally saw the need to modify the homes of many of my clients and their families who I started working with 20+ years ago.

If you’d like to learn more about the senior housing market in your area, check out https://www.seniorcare.com/directory

This Stay-at-Home Mom Turned a Simple Idea into a $4 Million Business

This Stay-at-Home Mom Turned a Simple Idea into a $4 Million Business

by Dana Sitar

Debra Cohen had a killer job.

She was vice president of a Spanish-language aviation magazine in Manhattan, which sent her all over the world — an “amazing adventure.”

She was on a business trip to Paris when she found out she was pregnant with her first daughter.

Cohen was faced with the working mother’s dilemma: Could she keep her corporate career and have the kind of family life she valued?

That was 20 years ago.

Cohen’s response to this common dilemma ultimately led to her version of “having it all” — the chance to raise her (now, two) daughters and grow a home-based business that’s grossed almost $4 million.
Leaving a Successful Career

“My husband and I had a heartfelt conversation one night about how I was missing out,” Cohen explains.

“He said, ‘quit your job.’ [It was about] quality of life over quantity of money.”

Cohen’s company accommodated motherhood as best it could. After maternity leave, she was even able to work at home some days.

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Dana Sitar (@danasitar) is a staff writer at The Penny Hoarder. She also writes about writing, life, comedy and love and attempts humor wherever it’s allowed (and sometimes where it’s not).