Creating Your Own Employment SecurityGet Your Own Home Business on yourown-home-business.org. Creating Your Own Employment Security topic will increase your understanding on Your Own Home Business. We at yourown-home-business.org only provide news, articles, information in Your Own Home Business. Your Own Home Business at yourown-home-business.org provides the most up to date news and articles. If you have questions please do not hesitate to contact us.
If acquiring a new skill would equip you to enter a business that you think you could make succeed, then by all means acquire that skill. To come up with an inventory of your particular skills, pull out all of your old resumes (or create them if you don't have them) and recall what you did in every job you had. For example, if your business provides a service to your community's elders and you perceive this as being of high importance to society, then your business meets your intrinsic values. Extrinsic values, on the other hand, refer to the external features of your business such as your physical environment and profit potential. By identifying those intrinsic and extrinsic values that are important to you, and identifying the types of businesses that will satisfy those values, is an important step in deciding whether a business of your own is something worth pursuing. Perhaps the most prolific basis of personality tests is Jung's Personality Theory, dividing people into eight personality types: extroverts, introverts, thinking, feeling, sensing, intuitive, judging and perceptive. If this interests you, you'll find no end of information online about the types of occupations and businesses suited to each personality type. Don't let the results of such a test play a disproportionate role in your decision- Article: 'Well, it's happening. My employer, the County Health and Welfare System, is consumerism me out. I leave in April, 2002. Seems like a long time from now, but I know it's really just in reverse the corner. So how do I evaluate my skills? And how do I initiate a new career? And how do I deal with the fear of the unknown, of the lack of income (other than the retirement check), of maybe working first and last out of this office?' This is an extract of an email I received this week from an AHBBO subscriber, Cecily. Just Friday, driving home from work, I heard that Ford was to and fro to lay off midst 4,000 and 5,000 employees from its U.S. operation. So nothing unusual all round Cecily's situation, unfortunately. Seems like every day we hear of more and more businesses modern 'forced' to downsize their workforces. What we don't hear at close quarters every day is what happens to all those displaced workers. Many people just look for extra job, find one and get back into the ratrace, all the while zealously monitoring the financial performance of their new employer, hoping they won't get laid off again. For many, this is just the way the world works. And it year after year will be as long as they continue to work for someone else. Do you really want to live like this? Well, you don't have to. The solution, although not for everyone, is self-employment. In this article, we look at how to determine whether self-employment could be for you and how to turn that dream into reality. PERSONAL INVENTORY As Cecily correctly identified, a personal skills dialectic is an important early step. Your personal skills inventory is only one factor to take into checking account when considering whether self-employment may be for you, however. Equally important are your strengths and weaknesses, interests, resources, view and other personal qualities. Your personal inventory should encompass at least the following: => Skills Assessment Just for you're good at something does not mean that you necessarily enjoy it. If you're good at something that bores you to tears, then don't use that skill as the pavement for your new business. You'll be miserable! But, if what you're good at is something you also happen to enjoy, then there's a HUGE clue in regard to what your business should be all about. When thinking thereabout your skills, think also in terms of skills you don't presently possess but which you could lay hold of with a reasonable investment in training. If purchase a new skill would equip you to enter a proceeding that you think you could make succeed, then by all means acquire that skill. To come up with an inventory of your particular skills, pull out all of your old resumes (or create them if you don't have them) and recall what you did in every job you had. Make a list of your affairs and the skills that were necessary to perform them effectively. Here's some blue categories to start organizing your thoughts: * ferry - speaking and writing effectively; listening; expressing thoughts and ideas; negotiating; persuading; interviewing; editing; facilitating; responding appropriately. * Human Relations - motivating; delegating; dispute resolution; assertiveness; giving credit where due; developing team cohesiveness and rapport; sensitivity; listening skills; supportiveness; cooperation; cooperation; developing others. * Leadership - coordinating and motivating; coaching; counseling; change agent; conflict resolution; decision making; teaching; managing groups; multitasking; initiating new ideas and programs. * Planning - forecasting and predicing; information gathering; needs analysis; evaluation strategies; acquisition important information; idea generation; problem identification; brainstorming; problem solving. * Effectiveness - implementation of decisions; cooperation; policy enforcement; humane responsibility; organizing; making decisions; punctuality; time management; regards to detail; goal attainment; meeting deadlines. => Strengths When considering what strengths you possess that you could draw and formulate upon in a employment of your own, think in terms not only of personal qualities such as determination, verbal agreement and dedication but also to tangibles such as educational qualifications and financial reserves. => Weaknessses Just as you did with your strengths, focus on the tangible as well as the intangible. Examples include zero financial resources, lack of personal discipline; and poor health. => Values Values are the things that are important to you and are divided into two types: intrinsic and extrinsic. Intrinsic values relate to what you will be doing in a day to day sense and how valuable an workings you perceive that to be in the overall scheme of things. For example, if your proceeding provides a service to your community's elders and you perceive this as contemporaneous of high importance to society, then your business meets your intrinsic values. Extrinsic values, on the other hand, refer to the external features of your stir such as your physical environment and profit potential. By identifying those intrinsic and extrinsic values that are important to you, and identifying the types of businesses that will satisfy those values, is an important step in deciding whether a fealty of your own is something worth pursuing. For YOU. => Personality Various personality tests have been devised to determine your personality 'type' with the idea that people applicable to individual types do particularly well in intimate careers and businesses. Perhaps the most prolific light of personality tests is Jung's Personality Theory, dividing people into eight personality types: extroverts, introverts, thinking, feeling, sensing, intuitive, judging and perceptive. If this interests you, you'll find no end of information online far and wide the types of occupations and businesses suited to each personality type. Don't let the results of such a test play a disproportionate role in your decision-making process, though. Just use it as one of several factors you take into account. => Interests and Hobbies This one's a real no-brainer but it bears stating. Try and create a business heels over head something that you're interested in. just the same not a certain rule, you tend to perform preferred at what you enjoy and to enjoy what you're good at. Be sure to look at the other side of the coin too and inventory what you're NOT interested in. Sometimes knowing what you DON'T want to do makes it easier to see what you DO want to do. => Resources These include not only financial resources but others such as your personal relationship network (who do you know who could help you in your new venture), office equipment and other facilities. => Attitude Do you have a 'can do', optimistic attitude? Are you determined to succeed whatever it takes? Do you repose in you control your own destiny or is life a series of random events that happen to you no matter what you may have planned? => Other Personal Qualities Finally, think in the vicinity the personal qualities that make you, you. Are you energetic and motivated, are you resourceful, are you resilient, realistic and practical, a hard worker? Once you have completed your personal inventory, sit down and rank your positives from highest to lowest. Then do the same thing with your negatives. Once you've ranked your strengths and weaknesses in this way, you'll have something of a framework within which any prospective utility idea must fit. If your idea requires great strength in an area where you're weak, toss it. If it requires strength in an area where you're strong, keep it. This is not a dark as night and white exercise. Any idea you have will require any union of skills and strengths. You must evaluate objectively whether your particular relationship of skills and strengths is enough to retaliate for your particular weaknesses and make a success of the venture. IDEA GENERATION So, where are you to get the ideas opposite which to measure your skills and strengths? First off, bear in mind there are a number of approaches to starting a miming of your own. You may provide a service; you may manufacture a product; you may distribute a product manufactured by someone else. A well-known schematic which sets out all the possible combinations is as follows: 1. Existing products/services and existing markets. 2. New products/services and existing markets. 3. Existing products/services and new markets. 4. New products/services and new markets. If you focus on option 1. you face stiff competition. If you focus on option 4. you have to invent the wheel first. So pay most wakefulness to options 2. and 3. Take your skills inventory. What do you know and enjoy the most? Are you a specialist? Think referring to what you know. What do people buy? What do people want but can't buy? What do people buy but don't like? What are people more of? Where do they buy and when and how? When you've considered that, look at how you can agency existing products or services to meet an unmet need, to meet a need in a different, more convenient way, to improve the quality or service. Be particularly observant and on the lookout for emerging trends (an aging population, an increasing number of people working from home etc.) and expanding market niches (e.g., increased reliance by businesses on outsourced services). During this process, employ any technique you can think of including brainstorming, challenge people (novel but effective!), read trade magazines and directories. Focus on your consumer and market, not on your product. since all, there's no point in getup a nurture mousetrap if no-one needs or wants one. By the way, don't forget, when you think in terms of your own business, self-employment includes independent contracting and consulting. Perfect outlets for what you know if what you know is in high demand. IDEA ASSESSMENT Once you have a shortlist of pursuit ideas to play with, start assessing them as viable house opportunities. This means devoting time and effort to assessment, research, development and planning. Examples of the types of commerce you should be engaging in here include: => Talk upon your product or service with prospective customers. Is there really demand for your offerings? If so, how strong? How price sensitive? What sets you distinctly from your competition? => Research Find out everything you can involving your target market and your competition before all servicing that market. Are price wars common? If so, you have too much competition. Are there only one or two big players and no little ones? If so, the barriers to entry are too high. Look for markets where there is healthy competition between product/service providers but where profit margins are reasonable. => Analyze your Competition Who are they, how are they structured, how long have they been in business, what are their respective market shares, what sets you apart? => Strategize How would you start out? Can you start out part-time previous you leave your paid job? Can you work from home? Will you start from scratch or buy and existing action or franchise? How will you market your business? => Prepare Projections Work out what your expenses are likely to be and how much revenue you need to be able to generate to hurt even. Then work out roughly how much revenue you need to make a predetermined add up of profit (remembering to factor in the cost of your time and finance expenses such as loan repayments). How realistic are your revenue objectives? Are they attainable? Over what timeframe? PLANNING AND LAUNCH Finally, once you've identified an idea that makes it past the first cut (i.e. everything you've done to date), do the whole idea assessment routine for all that but this time bones much more detailed and specific. At the end of this process you need to be able to produce a solid business plan, one you can take to the bank if necessary. Even if you're not going to need outside financing, do your formal office plan anyway. It will help you ensure you've covered all the bases and left nothing out. By the time you finish your commercial plan, you should know your business inside out. All that's left is to put your plan into movement and launch! Not surprisingly, the whole process from personal inventory to launch is not something you can do in a week. Ideally, it's something you will be able to start in the past you lose your job since it will likely take you several months. But the returns on your investment can be substantial. Do it right and do it well and you will create for yourself your own employment, never contrariwise to be at the mercy of someone else to determine your fate. But it's not an easy road. Self-employment is not a safe route. It rewards the risk-takers and the resilient. You may not succeed on your first attempt. But, as with something in life, where there's a will there's a way. If you are truly determined to create your own security, nothing compares to putting your destiny back where it belongs - in your own two hands.
|
Advice Home Business Technology Online Advertising Motivational Internet Marketing SEO Help Online Games Science Articles Happiness More Articles:1. Home-Based Business Owners Save Thousands on Their Income Tax! Summary:Do You Qualify For Home-Based Tax Deductions?New changes in the tax laws have made it easier than ever to claim Home Office Deductions and keep more of what you earn. If your home is a place of business, many of your personal expenses can be deducted as business expenses resulting in lower taxes. To qualify for deducting expenses related to using a workspace for business in your home, your home must be Your 'principal place of business '… 2. The Success Formula Revealed Summary: I'm referring to FREE information, FREE opportunities, FREE Products to sell online, FREE websites to use to promote them, FREE training and FREE support. First of all, many of these opportunities and programs are free or they are quite inexpensive, and many can be initiated in your spare time, at home, and on the Internet. If a program is offering this free information ' you can be sure they know there is money to be made by them, and i… 3. Cover Your Costs from Day One! Summary: But what happens to the money they 'save'?They just spend it on something else!The RIGHT way to use coupons is...BEFORE going to the store, put the money you will save withyour coupons into a jar (if you have just one coupon for30 cents then put 30 cents in your jar; You'll save money, and you'll have better-tasting snacks. Or, if you prefer a candy bar, purchase them in large packs at the grocery store and bring them to work with you --… 4. The Author Within Summary: A good piece of fiction will not allow you to stop between chapters, and a top-notch one will forbid you to stop until the end.Now then --- if you can write an advertisement, article, or eBook preview that will stir the curiosity of your reader without giving them the whole story' if the 'cliff-hanger' compels them to fill out a form, send you an email, or sign up for a free trial, you have discovered the author inside you. ' 2004 Esther… |