Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,174,506 members, 7,892,066 topics. Date: Wednesday, 17 July 2024 at 05:31 AM

Making Money Online And Some Of The Challenges. How To Overcome Them - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Making Money Online And Some Of The Challenges. How To Overcome Them (525 Views)

Financial Inclusion In Nigeria: The Challenges Of Banks & Mobile Money Operators / I Need A Way Of Making Money Online That Works, I Am Broke / How To Overcome Spending Without Caution (2) (3) (4)

(1) (Reply)

Making Money Online And Some Of The Challenges. How To Overcome Them by aderonkebams(f): 6:28am On Sep 04, 2013
Starting a business from home is both a blessing and a curse. It's really a good feeling but as you all know, there are two sides to a coin. Meaning, there is a positive and a negative side to it as well. Don’t get me wrong here – I know it feels really great to start a home based business – it gives total freedom both financially and for life.

However, since the business is “home based” there are some risks associated with it. Well, not technically “risks” – that’s not a good word – but still, if you’re not aware of what you’re into, you might run into some trouble.

I want to share with you some of the common challenges you may encounter as a beginner and how to overcome these challenges..

You know, surviving being an entrepreneur while you work at home is not always as you expect in the beginning. Let me put out some of the challenges you might face in this respect.

Problem #1: People taking you for granted
Yes, now that you’re working from “home” people perceive you as always “available” – and that’s not good.
I’ve had this many times when I started out too. People usually expect me to come over for shopping or join a meeting or help them out with something urgent and they give me notice only at the last moment.

And if I tell them that I’m occupied or busy, they just give me a weird look – like “What? You’re busy? You are at home always, right?”

This might sound like a very little problem. But over the due course, if you don’t make it clear to everyone about what you are doing and the nature of your work, you will soon run into trouble – the kind of trouble where you could ruin relationship with people. And that’s not good.

So here are the possible solutions to survive this issue.

And one more thing before I dive into offering you solutions – When I say “people” that includes both outsiders and your family, of course. Yes, unless and until you put things straight, even your family will have some problems adjusting with yourself.

Solution #1: Have a working place, schedule and let your family know about it
This is probably one of the first and one of the most important things you should take care when you plan with starting an online business; in particular, a home based business! As I said earlier, since you work from home, it is most likely that people from your family will take you for granted.

Hence you should make sure that you keep them informed of whatever is needed for the proper functioning of your business. Otherwise you will not only ruin your business but might also ruin your relationship with your family members.

Make sure you have a dedicated work place at home, even if it is a small room. This will make it easier for you to intimate them about your working hours.

For instance if you are working, you can close the door and let your family know that it’s your working time and you don’t want to be disturbed. Over the time, your family will start to realize your working routine – this is very important.


Solution #2: Don’t hesitate to say NO
Learn to say No and this will solve more than 70% of your problems
Whenever people (doesn’t matter your family or friends from outside), ask you for help or for your time and if you find that you cannot give your time for that, just say NO. Don’t even think or hesitate.

You might think that you are being rude or that you are denying helping your friends – but if you say yes and then if you cannot give your 100% to your friends they are not going to be happy!


Problem #2: You become financially stressed


Most people are stressed out with finances when they start a home based business. Especially if they decide to go with an online business that require a certain start up capital. Some start a business by devoting their time fully; and some others do it as a part time business while they work in a regular job.

Whatever be the case, it is highly important that you make it clear to yourself and your family (if they depend on you for financial support) that it will take time to start making good money with the business.

Here are some solutions
1. Save as much as you can when you start earning any small amount of money.

2. Be conscious about spending.  Do not over spend, ever. It is very important that you think again and again before you buy anything for your business. You won’t always need that extra software, or that “yet another” e-book.


3. When you are outsourcing any task for your business, it is important that you do your research and find the cheap and best option – don’t compromise on the quality of the work, but at the same time you don’t have to pay that much always.

4. Tell your family that it will take X months to start seeing consistent income. Otherwise they might start expecting income from your source too early and this will lead to stress.

5. Also let your family know that there are certain costs involved in running your business.

6. If you follow these tips I’m sure you’ll be a lot relaxed on the financial front and you can be more focussed on developing your business for good!

And, I have to stress again – please don’t take any of these things lightly and don’t postpone with setting these straight right from the beginning.

Problem #3: The problem with staying focused
Yes, working from home becomes almost a curse with this one issue. Since it is a house where you and your family perform the regular rituals, it cannot be a perfect or a suitable place for you to do business.

There are all sorts of distractions like the TV, screaming kids, the washing machine that calls your attention, the microwave that beeps, people who call you because they think you are available at home kinda “always”, the countless online distractions and so on.

In the middle of all these distractions it is highly challenging to focus on your business. At the same time it is very important that you give enough “serious” working hours every week/day for your business to grow.

Here are a few tips to solve this issue

Solution #1: Get clarity with your goals
If you get clarity with your goals, it will be much easier for you to focus on what’s needed to be done. This is why goals are important. If you have a clear goal in place, you know for sure what you have to work for. You clearly know what is needed in terms of the efforts that are required to achieve success with your business.

On the other hand, when you don’t have clarity with your business, you will just be wandering on (unwanted) tasks pointlessly. You will not be able to track your progress, since you have not yet defined your “success” – in other words, when you don’t know what you want, you won’t know if you have achieved it or not (hence, success is undefined!).

Solution #2: Have a regular working schedule
Just as you would get dressed, prepare yourself and go to a workplace if you had a regular 9-5 job, you have to have a strict working schedule with a home based business too. This works two ways –

(i) Your family members will clearly know about your working time and they will not interrupt you – this saves you many unwanted discussions and misunderstandings.

(ii) Your mind and body will adapt to your working schedule and you won’t have difficulties in tuning in.

When I was working from home before I got an office, this was my regular schedule, I wake up at 5 am or 6 am in the morning (some days at 5 and some days at 6) and work for about an hour – since this is my golden hour, I get some of the major work done during this time.

Then, I prepare myself physically (take a shower, dress up informally, tie my hair) and sit down at 10 am in the morning at my table after I send off my hubby to office and the kid to school. I work until 11:15 am and there will be a 15 mins tea break. And then I work from 11:30 am until 2 pm.

I take lunch between 2:00 pm – 3:00 pm and then my kid gets back from school at 3.15pm. I give her some personal time, I work on and off during this time until 8 pm. After dinner I get some minor work done and get to bed at 10:30 pm (by all means).

This was my schedule when I had to work from home– both my family and my mind/body know this schedule (and now, you know it too ). So unless for some very important reason my family doesn’t interrupt me during this time!


Solution #3: Allow enough breaks

If you work at an office, you meet people, you socialize, you commute – there are quite some “non-work” kind of tasks. But when you work from home, there could be only “work” related work and “home” related work – if you are currently working from home, you’ll understand what I mean.

And at times, you will really become fed up with the “all work and no play” schedule. So make sure you allow enough breaks in your work schedule so that you allow time for some fresh air, time to pamper yourself, family time, time to do things you love and so on – in short, you should live your life!

Trust me, if you live your life and do your business, this will have a greater impact on your business

Solution #4: Be disciplined and have will power to follow your dreams
It can be challenging to stick to a schedule! It can be stressful to work hard on your business. It can be quite challenging to make all the ends meet. It could be hard and boring to wake up early every day. It could be hard to focus on writing your blog post or designing your website or doing whatever, while your friends are hanging out on Facebook.

All you need is discipline and will power.

Make sure you have clarity with what you want to achieve with your business. And make sure you remind yourself often about this goal.

Analyze your progress on your business every week and plan your next week. Analyze and see if you are spending your time on stuff that really matters and that really promotes your business. If you find that you are working or in fact, wasting time on unnecessary tasks you should cut back and stay focused.

It doesn’t matter how many time management and organizational tools you use – it all depends on your self-discipline and your will power to make things work for good.

There is no way I can cover all those aspects that are needed to run a successful home based small business – but I have covered some of the most basics in this post; more importantly, I’ve talked about the aspects with the big picture in mind

Hope I helped you with this big picture. Let me know your thoughts and also share your Own challenges so far...

Here Is Where I tutor People how to make legitimate money online in Nigeria www.enaijajobs.com

(1) (Reply)

Apple Overtakes Coca Cola As World’s Most Valuable Brand / Who Or Wht Is Responsible 4 D Delay Of Q4 2012 Result Of D Insurance Companies / 5 Secrets Entrepreneurs Will Not Reveal To You

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 31
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.