Aung Hlaing - Doing business from home

Starting a business

The world of self-employment

Running your own business from home should not be seen as a lonely task. Self-employed people are positioned as business owners rather than knowledge workers or technology experts.

A country's important human resources, such as doctors, health workers, quality inspectors, pilots, and engineers, serve the country in a beneficial way, while business owners who run their own businesses also fulfill the country's needs from every corner.

Solid information about your own business

More than 150 million people in developed countries are self-employed, and the number of self-employed people has increased significantly over the past two decades.

Research into various business organizations revealed that seven businesses started with a workforce of 50, and that the company's product manufacturers were women.

When studying starting your own business, people who start their business in their teens or early 20s are more likely to succeed and have fewer failures than those who start in their 40s or 50s.

Anyone needs to be able to innovate and adapt their businesses to the changing times.

Every new business transformation is a major source of innovation.

Starting a business from home

Advantages : Studies by the U.S. Small Business Administration show that the chances of success for home-based businesses are good, with about two-thirds of self-employed entrepreneurs having a strong business start-up within the first four years.

Cost-effectiveness . In any urban area, you will find offices, company buildings, renovated buildings, and large advertising signs. These office buildings are used as private offices by the owners who rent them out to other companies to open offices. Depending on the nature of the business, the rental costs vary depending on the size of the office building.

If you start your business from your home, you will save at least £ 35,000, € 41,000, or $ 51,000 on the above costs, and you will no longer have to worry about the money you will spend to strengthen your business. You need to be able to start your business with a low budget.

Other ways to save money include using your kitchen table as a place to put your business documents and to draw up your plans. As a last resort, you can even work in your garage or backyard. The key is to take the first step of your business with a smile.

Spend more time and effort . If you have enough money, you can buy as many things as you want, but that money can't buy time. You can't buy time with money, so you have to value time. | Once you value time, you can't waste it. Since you are constantly working to improve yourself, the location of your business will be the closest to you.

If your business is located 20 miles away, that would be a waste of 40 miles for your daily commute.

The remote location of the business can be a waste of time, and sometimes family members are sick and unable to go to work, causing delays in work.

If you are smart, you can take care of your family's health and work as hard as possible to minimize downtime. Not only will you be able to take care of your family, but you will also be able to do your own work without interruption, so running a business from home is the best option.

Stress relief .. The basic cause of stress is the constant work of doing the same thing all day long.

Other common causes of stress include working at busy intersections, accidents, delays, and traffic jams.

Another cause of stress is having your business in a sparsely populated area.

Sometimes, stress can be caused by a lack of satisfaction between work and home, as well as fatigue at home and at work.

However, a good opportunity is to work from home and run a business. Sometimes, cleaning the house, cooking, and doing other household chores without leaving the house can help you live a stress-free and successful life.

Productivity improvement,

Stress relief + more time and effort + increased productivity

Combining stress relief with extra time and effort will yield the good results of increased productivity.

The above equation is just an equation or formula that is useful for any business and produces good results.

This equation is especially relevant for those who are home-based or want to run a business from home. Once you put this equation into practice, you will be happy to find that you have more hours in your day. When you have more time in your day, you will be able to do more work than anyone else and you will have more time to think about important matters.

The more time you have to work for yourself, the more productive you will be. As productivity increases, your income will increase and you will be able to expand your business, which will lead to continuous growth and collaboration with other businesses.

If your business earns you around £20 (€23.50 / $30) per hour, you could be earning up to £80 (€94 / $120) per day in extra income by continuing to work overtime.

If you can work 5 days a week for 48 weeks, you could see an additional income increase of up to £19,200 (€ 22,560/$28,800 ).

The above is just a study of the performance of people who work from home.

If you are not running a home-based business, you have no chance of making a normal income and growing significantly as a traditional business.

Unique competitions

Many small businesses sell their products at lower prices to compete with larger companies.

Some large companies sometimes lose out when competing with smaller businesses because their managers don't know the true value of their products, the costs, and the price they should sell them at.

The only people who can safely avoid the above situations are those who are home-based or can run a business from home.

The formula for home-based entrepreneurs that leads to real success -

Increased productivity + reduced costs + lower prices

... is.

Home-based or home-based businesses have more time without having to spend a lot of money, so they can sell their products at a lower price than anyone else.

Important points to follow for those who are doing business from home.

> In what ways should the business be improved? Think in advance about how you would like to work to be satisfied from your own perspective.

> Try to learn how to make your own decisions and manage them instead of always relying on others.

> Set and manage daily working hours accurately

Try to improve your strength.

> You should not consider opening an office for work in buildings where political organizations are located. You should be careful to avoid any situation that will waste your time.

> Work from home and arrange for each family member to find work, and (if possible) for the spouse and children to take on as much responsibility as they can.

> Lay the foundation so that future generations can pass on their jobs.

> Tell each heir to value the work more than the salary they receive.

Weaknesses

Once you start operating your business from home, ensure that your workers arrive on time, and follow the instructions of your boss/capital provider.