by Beverly Taylor
Based on my experience working from home so far and wishing I had known this beforehand, my insight to share is this:
Plan a book-keeping strategy before you start so that you are prepared to perform the series of small tasks that will keep you on track and have organized ways to purchase goods and services,pay your bills, organize receipts, etc.
I did not do that, and 3 months into my starting my self-employment, I had a nightmare of a task to do the book-keeping and lost my memory on how I spent some money, and as well had difficulty knowing how to categorize the receipts. As well, I made mistakes involving purchasing and paying accounts by using credit and cash from several sources.
All the while I was trying to attract business and sorting out the books became a huge distraction.
Once I buckled down and organized my whole bookkeeping records and devised plans to simplify the processes and be able to do it in such a fashion that an outside source could make sense of my business as in the federal tax department, then it became a simple matter of maintaining my system.
This brings up another important insight - which is mentioned above in the article, set up a schedule and assign time to repeatedly perform necessary tasks to keep your business on track. Doing it 'willy nilly' will not maximize your efforts for a healthy business. Get rid of distractions and focus on the key areas you set out as your objectives.
I gave up a routine craft discussion board as I did not have time to spend on the forum, and I turned that valuable time into planning strategies to attract business instead, and in one week saw my business improve! Time well spent!
My final tip is to keep in touch with positive reinforcement. Read successful motivating websites and articles that will remind you to 'keep faith and strive for excellence'. It really helps to keep you motivated!