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May 31, 2010

7 Signs of an Entrepreneur    Author: Admin

Posted in Entrepreneur | |

Do you have the right personality type to successfully run your own business?

It takes an entrepreneurial fire in your belly to www.microsoft.comindiasmallbusinessstart a business and make it succeed. Not everyone has it.
How do you know if you have what it takes to start a business? There’s really no way to know for sure. But I do find things in common among the emotional and family fabric of people ready to consider an entrepreneurial venture.
You don’t have to fit all seven of these categories to be a good candidate for entrepreneurship. But it probably wouldn’t hurt. In general, the more you have in common with these characteristics, the closer you probably are to being ready to try going out on your own.
1. You come from a line of people who couldn’t work for someone else. I don’t mean that in a negative way. People who are successful at establishing their own business tend to have had parents who worked for themselves. It’s usually easier to get a job with a company than to start your own business; people who strike out on their own often have the direct example of a parent to look to.
2.You’re a lousy employee. No need to sugar-coat this one. People who start their own businesses tend to have been fired from or quit more than one job. I’m not saying you were laid off for lack of work or moved from one job to a better-paying one. You were asked to leave, or you quit before they could fire you. Think of it as the marketplace telling you that the only person who can effectively motivate and manage you is yourself.
3.You see more than one definition of “job security.” I am truly envious of the few people I know who have stayed with one employer for 25 or 30 years. They look very secure. But how many people do you know who are able to stay with one company for that long? In a rapidly changing economy, job security can be frighteningly fleeting.
4. You’ve gone as far as you can go, or you’re not going anywhere at all. Sometimes the motivation to start a new venture comes from having reached the top of the pile where you are, looking around, and saying, “www.microsoft.comindiasmallbusinesshowtoguides.mspxWhat’s next?” Early success can be wonderful, but early retirement can sometimes drive energetic and motivated people totally crazy.
5. You’ve done the market research already. Don’t even talk to me about your great business idea if you haven’t put the time into figuring out if there’s a market for your product or service. As the people behind any number of failed Internet ventures will tell you, “cool” doesn’t necessarily translate into “profitable.” Don’t bother building it if you haven’t figured out whether there’s a good chance the customers will come.
6. You’ve got the support of your family. www.microsoft.comindiasmallbusinesspartners.mspxStarting a business is stressful under the best of circumstances. Trying to do it without the support of your spouse or other significant family members or friends would probably be unbearable.
7. You know you cannot do it alone. You might excel at promoting a business. Maybe you love running the financial end of the enterprise. You could be someone who starts a business because you have unique creative or technical know-how to create a product.
Any of the above is possible, but it’s unlikely that you are going to excel at all of these tasks or at all of the tasks involved in running any business. Forget all that doing it alone stuff. You are going to need some help sometime.
The willingness to get that help having employees, partners or consultants for those areas in which you are not an expert is one indicator of likely future success. “No successful entrepreneur has ever succeeded alone,” development consultant Ernesto Sirolli writes in “Ripples From the Zambezi.” “The person who is most capable of enlisting the support of others is the most likely to succeed.”

Posted in Small Business | |

Benefits of Outsourcing Accounts Payable in small and lager Business

Every individual running a company wants to be free of encumber of paying money which they owe to anyone as soon as possible. Accounts payable accurately means the money which a company owes to sellers for products and services which have been bought from them on credit. If you are result it complicated to keep a follow of the amount of your accounts payable. This is just right way to contract with this condition.

When you are management a company, keeping track and managing of things like accounts payable, can become very difficult and wild. We provide Accounts Payable Services to clients all over the world. However this is a significant feature of any company process and has to done and done in time. Accounts payable outsourcing services are presented by many businesses which deal with finance and accounting outsourcing.

The accounts payable processes have important contact on the earnings of a company. Companies use up enormous amounts of money every year to process invoices, implement get order matching, address deficiency and respond to dealer inquiries. If the accounts payable system is not efficient, a company has to allow the additional cost of late payment consequence, missed discounts, reproduction payments and rewrite. With an enlarged focus on cost reduction and enhanced fiscal management, executive management teams are realizing the profit of a successful accounts payable process.

Accounts Payable outsourcing services at India are paying attention at convert our customers entire payment movement by successfully automating the processes of transaction management, documents management, elimination of duplication, exception resolution and disbursement-related services. Our Accounts Payable Outsourcing Services at India offer our worldwide customers the suppleness to outsource all or part of their accounts payable business purposes. Accounts payable solutions superior workflow and imaging technology, best practices, and high levels of superiority make certain that we process the clients Accounts Payable proficiently and exactly.

Accounts payable outsourcing has many advantages. One of the major advantages is that you can save enormous amounts of income through the outsourcing work. Work is outsourced generally to increasing countries where there is great quantity of manpower. This automatically means that your accounts payable outsourcing work will be handled by trained professionals at a very cheap rate. The profits which you will save in this approach the profit for your business.

Posted in Small Business | |

It is not uncommon to hear fabulous success stories from
internet-based companies. We all know about the
Amazon.coms, Googles, Ebays, Yahoo!s, and all of these
other popular websites that sell goods or services. The
dotcom boom took place in the early 1990s and many internet
companies went bust due to a poor reception from the
public.

Todays consumers are a great deal savvier than
they were in the last decade, and internet-based businesses
are back in full force. One mistake common to the dotcoms
that bombed shortly after forming was lack of leadership
and poor business plans. Everyone saw the potential in
this new and intriguing forum, but no one quite knew what
to do with it. Since no one had ever run an internet
business, CEO’s attempted to run them like traditional
stores. Although you may sell the same products or
services as a traditional brick and mortar store, there is
a great difference in the approach to running an internet
business. However, in the field strewn with failed
businesses of the past shine many small e-business
success stories.

The mom and pop businesses have taken the internet in
stride. The family run e-business is finding
a great deal of success on the internet whereas it may
have struggled in a traditional store. Furthermore,
e-businesses can be run out of the comfort of your own
home, allowing individuals to keep their commitments and
responsibilities while working towards developing a
fantastic e-business. Just because your e-business may be
small, thinking small will be the most detrimental to your
enterprise.

Surely the founders of Amazon.com did not
think small when they founded the online store, and
neither should you. It may be difficult to keep that
professional attitude when you can go to work in your
robe and slippers, but strive to keep that level of
professionalism that goes along with traditional
businesses. Starting your own small e-business is a
huge undertaking and should not be taken lightly.

One such example of a entrepreneur who worked hard to
develop a successful and profitable e-business is Sandy
Stevens of Sandys Home-style Baking Company. Being able
to channel her love of baking and sweets into a viable
career, Stevens has experienced a great deal of success
over the short time her e-business has been running.

Based in Vancouver, Canada, Stevens has found herself
shipping her sweet treats all over the continent to a
wide array of incredibly pleased clients. Stevens had
worked out of her home in the past, but the jump into the
unfamiliar realm of cyberspace was new. Working with web
designer, Stevens was able to have a professional develop
her thoughts and ideas into a professional website that
promotes her baked goods to a world-wide audience.

Additionally, Stevens chose to advertise with popular
websites such as Yahoo! and Google to further promote her
website. Stevens likened internet advertising to
traditional forms of advertisement such as newspaper or
yellow pages ads. Whereas these print types of
advertisements can be quite costly, especially for a
developing business with little money to spare, internet
advertising is a great deal less expensive for more
coverage. Instead of a pricey 2,000 a month for a
full-page yellow pages ad, Stevens was able to promote her
business all over the internet for a mere 500.

Stevens story is an inspiration for anyone wishing to
start their own business. Using something as simple as a
passion for baking, Stevens was able to create a home
e-business that is both successful and enjoyable.
Regardless of her business savvy, technical know-how, or
marketing experience, Stevens was able to channel her
passion and seek help from outside sources to create her
dream job. When it comes time for you to develop your
small e-business, try to incorporate things you love and
your business will surely be a success.

Posted in Entrepreneur | |

5 Things to Consider Before You Hire a Virtual Assistant:

Understanding What a Virtual Assistant Can Do

I hear the term “Virtual Assistant” more and more in business. Did you know that you could possibly hire someone from another continent that works while you sleep and maybe for 8 – 12 pounds. Mos t of the VAs I work with have degrees and one an MBA in Business Admin. I pay her a pautry 15.00 per hour and what a bargain that is.

With the growth of virtual assistants has also been a change in what it means to be a virtual assistant. The leaders and founders of this particular entrepreneurial job have made distinctions between what it means to be a virtual assistant, and what it doesnt mean. When you are explaining your business to others, you want to make sure to keep this standard.

Being a virtual assistant is becoming a distinct definition of a specific home owned business. It is expected that the standards will be upheld of a virtual assistant for all others who are working in this profession. This means that a virtual assistant is someone who provides a variety of services to businesses and individuals following the standard that has become formalized in the past decade.

The first angle that is taken towards approaching what a virtual assistant is includes the idea of being virtual. If you are not working out of your home, or remotely, then you are not considered a virtual assistant. Instead, it is considered to be a temporary job or a telecommuting job. One of the standards for being a virtual assistant is having the freedom to work where you want.

The second part to being a virtual assistant is the distinction that is made in the job description. Most virtual assistants will cringe at the idea of being called a secretary or freelance worker. Technically, a freelance worker is one who only does the job for extra income. At the same time, a secretary is one who doesnt do the work continuously with only one client. A virtual assistant is provided in order to create a substantial and long term relationship with a business.

Here are 5 things you should consider in a Virtual Assistant?

1. Professionalism. Does the VA answer her or his emails, voicemails and other correspondence in a timely and professional manner? It is important if this person is to work for you has the right skills to not keep you or a deadline waitng. Make sure you give a covert task to her or him to pass that shows comittment to deadlines.

2. Project Management. Juggling tasks nowadays is vital. We now tap out feet in front of the microwave so things need to get done. If a person cannot work with a few projects on the go you might want to move on. I guarantee you will only find out that they have a project management problem when you lose “the big deal”.

3. Availability. Many of these people work for several people at the same time. It is not uncommon for you as an employer to be in a funnel system for the VA. You slowly move down the funnel as they take on better contracts from new virtual employers. Be aware that you and your project will get dropped at the most time you least need it. You also need to be lining up new VA’s. Try to split your work between 2 or more VA’s to combat this problem.

4. Test. Give the VA a mini project before going ahead with a contract. I also give a minimum of 2 tasks that cost no more than 30 -40 to complete. I need them done correctly and to my total satisfaction before I even consider this person. It is simple to hire one of the first few people to come along but please shortlist at least 10 and give the tasks to 2 of the 10 you shortlisted. Obviously make sure these tasks are something you actually want doe, dont waste any money.

5. Get References. Can the VA give you a list of people whom you can contact who will tell you about working with her or him?

The main distinction that most virtual assistants will work towards creating is the idea of being in a relationship with a business, and making this their business. This goes beyond the Expectations of any temporary work or telecommuting job. It also means that the services a virtual assistant can provide will go outside of job descriptions that are made in the office. By understanding the standards for being a virtual assistant, you can best approach this in your own relationships with businesses.

A small Small Business summary    Author: Admin

Posted in Small Business | |

Small business is a term that is used day-to-day. That is because in the past decade the rise of small business has been larger than in any other decade prior. This is largely due to the increasing number of services that are available to small business owners, to enable them to keep their business running.

There really isn’t any guidelines for when the term small business is used, however it is simply defined as a business which has a small number of employees. How few employees is debatable, and the definition of when a business changes from a small business to a larger corporation varies both by country and industry. This number is generally less then 100 employees.

As mentioned before small businesses due to their nature, are in most times sole proprietorships, partnerships, or privately owned. Common in may countries, small businesses, are most oftenly related to: accountants, restaurants, guest houses, photographers, small shops, hairdressers, tradesmen, solicitors, lawyers, small-scale manufacturing etc.

Small businesses in often cases are located in private homes, for two main reasons. The first is because it is economical and in most cases convenient. The second reason is that there are several benifits with tax,etc for having your business in your home.

Running a small business is an exciting venture, and a great way to introduce yourself into the business world, and to gain business sense. If you are interested in starting your own small business, I would recommend having a talk with a local lawyer or accountant, who will be able to answer questions that are specific to your local area. Good luck with your new venture!

Posted in Small Business | |

All-in-one folder production companies effective for businesses: big or small

Working in an office environment makes the effectiveness of proper office supplies important. Whether a business is large or small, printing folders for presentations can be done in a cost effective manner. However, most companies make large quantities price cuts, which often has smaller businesses buying less so to stay on budget. While working for myself, the need for small runs of professional looking products is vital to my success.

When shopping for a printing company, I discovered that most often these other printers produce folders on low-quality stock that creases easily, leaving them looking non-professional. Some companies even have you doing some do it yourself assembly, which adds to the overall time frame of the work. However, one company seems to fit the mold to avoid all of these disadvantages for companies and offers an added bonus — free business cards.

With their help, cost-effective projects are completed, which promote the products and services of your company. They often are the proper solution for your printing problems, while being printed on 350gsm silk stock. In addition, all the assembly is done when you receive the job. Each folder includes a spot to place your business card, which adds to the overall professionalism involved with the folders.

The quantity you need will be printed — no minimum quantity orders are processed. Designs are also available to be created in case you do not have in-house designers or just dont have the time to put into it. A team of creative, talented and professional designers will create a design to fit your professional needs. Often times, printing projects are a stressful task for businesses. By leaving it to the printing company to design, print and assembly, businesses can relieve themselves of the stress involved with this work.

Most wonder how one company can work this way while others require minimum runs that most often discourage small businesses from doing business with them. However, with this work ethic, maximum efficiency occurs and overall customer satisfaction occurs. With professional presses, high quality prints are created even on low runs and leaves me satisfied with every order.

Overall customer satisfaction is important. When ordering because of their PDF workflow ethic, I was able to receive proofs of my design before it was printed. This added to my overall satisfaction with the company. Overall, with keeping all businesses in mind, the future success of their work will be continued to supply professional looking products for its customers big or small.

Posted in Entrepreneur | |

4 Rules For New Entrepreneurs – Practical Tips For Starting Right

Its a great time to be an entrepreneurin the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an entrepreneur, you now have more access to information that enables you to make more intelligent choices more quickly. You have an advantage over big businesses in that youre lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.

But being a successful entrepreneur requires that you look at the big picture and follow a plan through from beginning to end. Rieva Lesonsky, editor-in-chief of Entrepreneur Magazine gives some practical guidelines that can help you when beginning your own enterprise:

1.Dont Quit Your Day Job.
Consider starting your business part-time, especially if its online, while youre working and have a steady income. It usually takes six months to a year to get a business going and you dont want your ability to make your house payment to hinge upon your company being an overnight success. Start with what you can manage, financially and time-wise, and scale up as your business grows.

2.Find Your Niche.
The days of general stores are over. Particularly online, consumers are looking for stores that specialize. You have to find a needsomething a specific group of people want, but cant get at the big chain storesand fill it. Advises Lesonsky, You cant compete with the big guys, so you have to find where the big guys arent and go into your niches.

3.Have an Online Presence.
Even if youre not planning to start an online retail business, consider that the internet can still play a valuable role in your company. Having an online presence eliminates the limitations of physical location and broadens your customer base by, literally, millions. Its also a great tool for promoting yourself and letting people, even in your own area, know that youre there, and what youre doing.

4.Refuse to Quit.
Successful entrepreneurship requires creativity, energy, and a drive to keep going when you fail. Few people realize that before Bill Gates created the extremely successful Microsoft 3.0, he created a Microsoft 1.0 and 2.0, both of which floppedbut he kept at it. And that determination and refusal to give up is what will separate successful entrepreneurs from unsuccessful ones. Says Lesonsky, Arm yourself with optimism to get beyond the No or the trouble. Theres nothing wrong in failurejust dont repeat the same mistake!

Posted in Small Business | |

Avoiding a Financial Crisis: How to Keep Your Small Business Alive

Having a superb product, soaring sales and stupendous customer service are undoubtedly some of the things which go into making a successful business. But all of this is irrelevant if you suffer a financial crisis. Without a sound stable financial position the slightest shock can be enough to send your business crashing to the ground.

So what can you do to ensure that all your hard work is not in vain? What can you do to make sure that a financial crisis doesnt rock the boat or even sink it? Lets take a look at what can cause these jolts and, more importantly, what you can do about it.

Poor Record Keeping and Administration

Business owners are usually not good record or bookkeepers! People who start businesses are the ones who have great ideas, see a gap in the market or have the personality to sell anything. They are not people who jump out of bed in the morning and say Great, its a VAT and paperwork day today!

If you are to keep your business on the straight and narrow then you have to accept that there are going to days like this; you cant avoid it. You must keep records of your sales, your purchases, how much you have, how much raw material or finished goods you hold.

Without these records you will very quickly lose track of where you are. You wont know:

What you have spent your money on

You wont know where your cash is going

You wont know where all your stock is has someone stolen it? Who knows?
You are effectively working in the dark and this is not conducive to financial stability. So what sort of records are we talking about? Nothing sophisticated. It can be as simple as a book with one page for your income and another for your expenditure. At least once a month total it all up to see how money you have made (I hope!). Theres a saying. The people who keep records are the people who break records so true.

Not Watching Your Bank Balance

Do you know exactly what your bank balance is today? Why is it important? Because if you are going to write a cheque you must know whether you have the money on your account. If you dont that nasty Bank Manager may just bounce it.

Obviously this can have a negative effect on your reputation; your credit will be damaged and you may struggle to get support from your Bank and suppliers in the future. All because you didnt check what your balance was.

To avoid this make sure you keep a running total in a cash book of what you have on your account. Why not sign up for Internet Banking? These days all the High Street Banks make this facility available, so there is no excuse for losing track of where you stand.

Poor Cash and Credit Management

Closely linked to keeping an eye on your Bank balance is how you handle your cash flow. There are 3 aspects to this.

1.Dont be tempted to keep too much at your home or on your business premises. You could lose it to thieves, fire or flood

2.If you are doing business-to-business sales then you may be faced with having to sell on credit. If so then be disciplined in chasing up any outstanding payments. You cant afford to be embarrassed about asking for a cheque. If you have agreed 1 month credit, why wait for 3 months? Chase as hard as you can because remember you have your own debts to pay!

3. You may be lucky to have a period of credit granted by the people you buy from. If they give you one months credit, then stick to it. If you decide to hold onto your bills before paying you may be faced with a Solicitors letter. Dont ignore the problem and hope the phone calls will go away – they wont!

No Cost Controls

To keep yourself in a strong financial position shop around for purchases you have to make. Compare prices and specifications. Have an upper limit beyond which you will not pay. Always be on the lookout for a good deal.

Spending On the Wrong Things

Running your own business can be a very powerful feeling! You may be tempted to spend on anything but the business a new car, flash clothes, a new kitchen. Well, you have to look the part dont you??

During the early years and even when you are established make sure you spend your hard earned cash on the right things. The trappings of success may not be right at this stage of your business life. Your business, in order for it to grow, needs cash. Remove the cash and you remove the life blood which keeps your business alive.
You have to be disciplined in your expenditure and ask yourself the question, Will this cost add anything to my business?. Dont act on impulse; go away and think about every large expenditure. If the answer to the question is no, then you should think twice about spending.

Failing To Make Cuts in Time

Failing to make the necessary cuts to ensure the survival of your business is something you cannot afford to do. If you spot you have a problem do something about it! Dont sit back and hope things will get better; the chances are it wont.

If you have product or service which is not performing and its costing you money dont try and dress it up be ruthless and cut it out. Make your decision quickly; dont hang about. Not acting fast will only compound the problem.

Depending On a Small Number of Customers

Having a small number of customers is not a problem when everything is going well, but if one or two leave you or fail to pay up on time, then this can cause problems.
If you depend on 3 customers and one of them leaves then you are faced with a 33% reduction in sales. Unless you can replace him immediately you may not be able to cut your overheads quick enough to avert any crisis.

You cannot afford for your business to be held to ransom. Try and diversify as much as you can. Get out there and get new customers.
The same applies to businesses which rely on only one or two products. A shift in public tastes can leave you high and dry with unsold stock and no business!

Not Having a Budget

One good financial discipline is to have a budget. At the beginning of each year sit down and, based on your previous years income and expenditure, set new targets. Look to see where you can cut back in expenditure or even what to cut out all together.

Armed with your budget you will have a guide to work to. This will be a second check before you make any large unnecessary purchases.

Having a budget will provide discipline to your expenditure. At the end of every month up date it by including your actual income and expenditure then compare your budget with the actuals. Going through this exercise will give you more focus and what your business is doing. It can help you put things right by highlighting the problem areas.

No Contingency Plan In Place

Bigger businesses need to have a contingency plan for all parts of the business. A contingency plan is basically a plan which answers the question, What would we do if this happened ?

What is your if? What if you lose your premises? What if your computer goes down?
For a small business the biggest risk is you! What would happen to your business if you fall ill or even die? Most small businesses are totally dependent on the owner. You do everything!

If you are ill enough for one or two months that you cant work who will see to the customers? Who will get new ones? Who will see to the paperwork? Who will collect the money owed to you?

These are important questions you must answer now. You have to identify someone who could fill in for you if you are to avoid a potential financial crisis. Your next step is to write a manual on how your business works, and outlining all the key processes. If something does happen then at least there is a path to follow!

Not Talking To Your Bank Manager

As soon as most people see a financial crisis looming the person they try and avoid most is their Bank Manager! If they see him walking on the same side of the road they will cross to avoid bumping into him.

The Bank Manager is usually the first person you should speak to. Bank Managers like to be kept up to date with what is happening in your business. They dont like surprises. Its when they are kept in the dark they make decisions that can have a major impact on your business.

You must resolve to talk to your Bank Manager the moment you suspect there is a problem. Who knows, he may surprise you by offering to do something to help!

Financial problems can usually be avoided by taking a step back from the business and thinking about what can go wrong. Once you know that, then you can take actions to put preventative measures in place before its too late.

Posted in Small Business | |

Accepting Credit Cards: How This Can Help Your Small Business Grow

For a lot of people who are just starting to launch a small business venture, it may seem quite intimidating to start accepting credit cards as a means of payment from customers right away. After all, it takes a lot of hard work to have your company certified for merchant status from a number of banks to be able to accept credit payments.

Even so, what small business owners must take note is that setting up your company to accept credit cards can actually contribute many rewards that could lead to the growth of your business. Here are some of the reasons why accepting credit cards will greatly benefit your company.

Increase In Sales

With customers being able to pay through credit cards, you are actually increasing the probability, speed and size of customer purchases. This is mainly because accepting credit for payment basically does not turn away sales. And so, when your customers are in the mood to buy your products out of impulse, then they can readily make purchases even when they do not have cash in their pockets. In this way, you are doubling the chances for people to be able to buy your products by adding options for how they want to make their payments.

Contributes to the Convenience of the Customers

This also adds to the convenience of your customers. Take in mind that not all people may always carry cash with them, especially to those who are traveling. In fact, so many people today actuallymay find the use of plastic for shopping very handy and much easier. When customers are pleased with your companys policies and feel comfortable with your services, you can surely rely that they would most likely buy from you more frequently.

Improves Cash Flow & Guarantees Payment

A business owner can also rely on better cash flow upon accepting credit payments because there will surely be money coming in to the company. Unlike other means of transacting cash such as checks, these credit cards have fewer risks and are more reliable since payment transactions do not depend on whether your customer has sufficient funds in his or her account. In addition, this also guarantees you that you will surely be paid at least within a few days. This way, you as the business owner can also give just compensations to your employees and make timely payments for all your dues.

Gives the Company an Established Appeal

Doing business with credit cards can also give your company an appeal of professionalism to the customers as well as to other firms that you may want to partner with. Somehow the recognized way of transacting funds through credit cards and banking adds to your business legitimacy even if you are only operating a small business, as it gives a certain impression of trust to the public. Even through reputation, your small business can already appear bigger than it really is and this can largely contribute to drawing the public to your company.

Credit cards can certainly play a very vital role to the progress of your business. Through helping your company increase its sales, provide customer convenience, guarantee payment, increase cash flow and even give an established appeal, accepting credit cards may just be one of your best moves to improve your companys performance.

In conclusion, no matter how small your business may be at the moment, accepting credit cards from your customers as a regular part of your services will surely help your company grow.

Posted in Entrepreneur | |

In the beginning, I thought it was going to be a breeze when my husband, Terry, joined me working full-time in my business. If anyone could do it, we could! We already had a healthy relationship built on trust and respect. We communicated well. We both strongly believed in what we were doing. We understood the need to help each other with the children, keeping the house, and with the business. We planned to allow for fluctuations in income to keep stresses over money to a minimum. Yet I still wasnt prepared.

For anyone considering working with your spouse, here are 3 Essential Boundaries for Entrepreneurial Couples to help to ease your transition:

1. Clarify expectations for workhome.
Nothing can prepare you for the blurring of boundaries and turf that occur as you transition into working together. When you join together with your spouse, most likely, both of you have experienced success throughout your careers, and have developed your own working style. Suddenly you have a whole new dynamic in your relationship with your spouse you must learn to work through. I always knew that we had different gifts and talents: Terry is very techie and he loves to write, and I am a people person who is an administrative whiz. Even though I should have probably seen it coming, I was still surprised at the difference in our work styles. I multi-task all day long, and he prefers to work on one project at a time. Just like being newlyweds all over again, we had to put some effort into getting to know each other on a whole new level to be able to work well together.

Beth Butler, creator of the Boca Beth Program has some helpful tips for clarifying expectations with your spouse. I make us lunch each day and we try to talk about BOCA BETH items that are pressing. It’s our time to reconnect – he works from home for the wine company he represents and I work from home sharing my passion for second language learning with young children. A funny mix, but it works! We talk about what each of us has planned the next day so there are no surprises – and I use that time to ask for his help. I can’t expect him to guess what I need so I have learned to be very specific.

2. Schedule time for love.
Most entrepreneurial couples complain they have less time together than before. It is possible to work beside your spouse in the same office all day long and barely speak on a personal level. How difficult is it to turn off your cell phone and talk a walk with your love? It is imperative to make it a point to schedule time for your relationship so that the business does not overtake it. Terry and I plan ahead to sneak away for lunch or to take a break at Starbucks. We have found if we dont take the time to schedule in these lunch or coffee dates, then they are less likely to happen as we work to meet deadlines or get a project done. We havent yet been able to master scheduling regular dates, but its next on our list of priorities in order to help keep our close relationship.

3. Schedule time for yourself.
It can be a shock when you suddenly have so much time with your spouse. In your previous life, they left at 7 AM and came home at 6 PM, and then you discussed your day during dinner. Now you spend most (if not all) of the day with them, and during dinner, there is nothing new to discuss. Where is the time for you? Karyn Fagan, Founder of Team Women, tells We both have hobbies that we love outside of the house so we have that important away time.

Terry and I certainly have a long way to go as an Entrepreneurial Couple, but we have made it through our entrepreneurial honeymoon period. Each day, we work together to reach our goals and dreams. We understand when we help each other we will reach our dreams sooner, so we help each wherever its needed!

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