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        ============================================================ 
          A Home-Based Business Online
        ============================================================

            
             
            

           October 8

           Sent to 6,140 subscribers

          Editor: Elena Fawkner
          Publisher: AHBBO Publishing
          
             Contact By Email

        ============================================================
         

        ============================================================ 
           IN THIS ISSUE 
        ============================================================

        1. Welcome and Update from Elena 
        2. Home-Based Business Idea of the Week - Candle Making
        3. Feature Article - Planning Through the Life Cycle of
         Your Business (Part IV)
        4. Pro-motion Column
        5. This Week's Subscriber Web Site Pick
        8. Subscription Management 
        10. Contact Information
         

        ============================================================ 
        1. Welcome and Update from Elena 
        ============================================================

        Hello again, and a warm welcome to all the new subscribers 
        who have joined us since the last issue!

        In this week's feature article, we continue with Part IV of the 
        series, "Planning Through the Life Cycle of Your Business",
        this week looking at the Troubled Teens and Young
        Adulthood.  The first three parts are available by autoresponder 
        at ,
        and, you guessed it, .  

        The new AHBBO site is nearing completion and should be
        ready for launch in another couple of weeks or so.  Stay tuned!

        And please, do yourself a favor and check out this week's
        Subscriber Web Site Pick.  It's an absolute stunner!

        As always, thanks for reading and I hope you enjoy this 
        week's issue. 

        Remember, this ezine is for YOU! If you have comments 
        or suggestions for topics you would like to see addressed, 
        or would just like to share your experiences with other 
        subscribers, I want to hear from you! Please send comments, 
        questions and stories to Contact By Email .
         

        ============================================================ 
        2. Home-Based Business Idea of the Week - Candle Making
        ============================================================

        I arrived home from work one night a few weeks ago to find
        a flyer outside my door from another tenant in my apartment
        complex inviting me to a candle party that Sunday night in
        the third floor rec room.  Having a spare couple of hours that
        Sunday night, I wandered up to take a look and was
        astounded by the range of products available.

        There were candles of every imaginable color and design, 
        candles with fragrances that are released by the heat of the
        flame, candles in the design of Jack o' Lanterns, beautiful
        votives hanging from ornate metal frames and much more.

        I got talking to the woman who designed all these candles and
        she told me that she started out making candles on her 
        kitchen stove as a way of making money while she was home
        caring for her young children.  Word spread and over time she
        began getting orders from people wanting her to design special
        candles for their homes and people wanting to give them as 
        gifts, and, finally, she began receiving enquiries from retailers
        looking for her to produce unique items for resale in their
        stores.

        Now she has a staff of three, and she focuses on candle 
        design and marketing her business while her staff (three
        mothers of young children looking for a part-time home
        income) do the manual work of creating the candles and
        shipping them.

        This woman earns more in a year from her candle making
        business than she did in her full-time job before she quit to
        have her family.  And she doesn't have a website.  Just
        imagine what you could do with a business like this if you
        did what she does AND promoted your products with a
        well designed, high-traffic website.  Imagine.

        ------

        There are many more ideas like this in AHBBO's Home 
        Business Ideas page at  
        and Online Business Ideas page at 
        with more being added 
        all the time.

        ============================================================ 
        3.  Feature Article - Planning Through the Life Cycle of
         Your Business (Part IV)
        ============================================================

        © 2017 Elena Fawkner

        This is part four of a multi-part article on business planning 
        through the lifecycle of your business.  In part one, we covered
        the business life stages "Gleam in the Eye" and "Conception 
        and Birth".  Part one was concerned with conceiving the initial 
        idea for a business and thinking through how to make it work 
        within the context of your own life; whether it would work for 
        you at all, in fact.  In part two we tackled "Toddlerhood", 
        learning how to crawl, walk and run.  Part three was devoted
        to the "Terrible Two's", or crunch time.  Just when exactly
        is it time to make more room in your life to accommodate
        your expanding business and should you?  In this part, we're
        tackling the "Troubled Teens" through "Young Adulthood"
        periods.

        In case you're just joining us, for the illustrative purposes of 
        this article series, your business is creating stained 
        glass lampshades, door panels and windows.  The first three
        parts of the article are available by autoresponder.  Refer to 
        the end of this article for links.
         

        TROUBLED TEENS

        Well, if you're still with us for the Troubled Teens stage of your
        business, you've survived the Terrible Twos and have made the 
        decision to commit your working life 100% to your business or 
        have made the strategic decision to keep it at more manageable 
        proportions because you weren't prepared to sacrifice another 
        area of your life.  Either decision is perfectly legitimate.

        Now that the Terrible Twos are behind us, we can look forward
        to a (hopefully) relatively stable period of slow but steady
        growth.  Sure, there'll be setbacks along the way but you'll just
        make your adjustments and go on.

        At some point along the way, though, when things are pretty 
        much under control and you're feeling like you have some say 
        in how you run your own life again, you may begin to feel
        restless and moody.  You guessed it ... you've reached the 
        Troubled Teens.

        Your business isn't quite the challenge it was before.  You're 
        already spending as much time as you can on your business 
        so it's not simply a matter of working longer hours and working 
        harder to get the satisfaction you're missing.  There just has to
        be more than this, you're thinking by this stage.  If so, it's 
        altogether time to start working smarter so you can free yourself 
        up to move on to more challenging things.

        The answer to this dilemma is to get outside help.  At this
        point you need an assistant.  I dealt with this subject in detail 
        in a recent article entitled "Lightening the Load ... Getting Help 
        When You Need It".   This article is available by autoresponder 
        at .  In summary, though,
        the steps are:

        1. Deciding on Your Assistant

        If you're running your business on a shoestring (and who 
        isn't?), you can't afford to pay someone a wage 
        in advance of generating additional income. So whoever you 
        choose needs to be someone who's prepared to work for a 
        percentage of the profits of the business rather than a wage. 
        For this reason, the person you choose will most likely be 
        close to you ... a family member, spouse or very close friend.

        2.  Compensating Your Assistant

        Negotiate with your assistant on the proportion of profits he
        or she will receive.  This will depend on the types of tasks your
        assistant performs, the time they invest and the overall
        contribution they make to the growth (not just the maintenance)
        of your business.

        3. Consider the Tax Consequences

        It matters whether your assistant is an employee or an independent 
        contractor.  Talk to your accountant about the tax implications.  
        In a nutshell, be aware that if your assistant is an employee, you 
        will be responsible for deducting and remitting tax.  If he or she is 
        an independent contractor, the tax burden rests with them.

        4. Convert Time Into Income

        You have to convert the time you free up with the help of 
        your assistant into income and that means more income than
        it's costing you to compensate your assistant.   Otherwise
        you're only breaking even at best.

        5.  Tasks to Delegate

        This obviously depends on the business.  In our stained
        glass lampshade and window business example, if you're 
        marketing your work online, you can delegate a lot of your 
        online activities to your assistant and spend more of your time
        on the actual craft of designing and creating stained glass
        masterpieces.

        What kinds of tasks, both online and offline, can you delegate?  
        Consider the following:

        => Organizing Home Parties

        One way of generating new business is to hold parties in
        the homes of hostesses who invite their friends and associates
        over to see a showcase of your work.  Delegate to your
        assistant the solicitation of such parties.

        => Advertising Your Work

        Delegate to your assistant the task of having your best
        pieces professionally photographed for display on your
        website and in print advertisements.  Also delegate to your
        assistant the task of negotiating advertising, both online
        and offline.  This is an extremely time-intensive part of
        your business.

        => Processing Subscribe/Unsubscribe Requests

        If you publish an ezine teaching others the finer points of
        your craft, have your assistant process all the subscribe 
        and unsubscribe requests.

        => Processing Advertising Orders

        Another routine task that can be delegated to your assistant 
        is the processing of advertising orders in your ezine or your
        website.

        => Sending Your Ezine

        Actually sending your ezine to your list is something that 
        you can delegate to your assistant.

        => Submitting Your Articles

        Another routine task that your assistant can take care of is 
        your article submissions. 

        => Submitting Your Ezine

        Submitting your ezine to the various ezine announcement 
        services is another task you should delegate.

        => Web Site Updating

        Depending on how computer-savvy your assistant is, 
        he or she may also be able to take on some simple web 
        site updating for you.

        These are just a few of the more obvious examples.  In short,
        try and delegate all ancillary types of activities.  In our
        stained glass example, the idea is to free you up to focus on
        what you do best -- your stained glass creations.  By spending
        the time you save thanks to your assistant wisely, you should
        be able to direct your energies into much more productive
        and satisfying avenues.
         

        YOUNG ADULTHOOD

        By the time you reach young adulthood, you've freed yourself
        of the restlessness and distractions of the Troubled Teens.
        No longer is your time frittered away on tasks that simply 
        don't contribute to the growth of your business.  You're working
        smarter, not harder, and the synergies you have created by
        engaging an assistant mean that you're finally able to stand on
        your own two feet.  Your business is healthy and dynamic
        and, so long as you maintain your focus, should continue to
        grow by virtue of simple critical mass.  Congratulations, you're
        now a bona fide grown-up.

        Enjoy this time while it lasts because it won't.  Next week,
        in the fifth and final instalment of this article series, we'll see 
        what happens when your business hits mid-life crisis and what 
        you can do about it.

        ------

         

        This article may be freely reproduced provided that: (1) you 
        use the autoresponder copy which contains a resource box; 
        and (2) you leave the resource box intact. To receive a copy 
        of this article by autoresponder, just send a blank email to 
        .  If you missed the
        first three parts, they're available by autoresponder at:
        Part 1 -
        Part 2 -
        Part 3 - .
         

        ============================================================ 
        4.  Pro-Motion - Answers for the Pro in Motion
        ============================================================

        As mentioned last week, jl Scott's popular Pro-motion
        column is no longer in ezine syndication.  Instead, you
        can read this week's column at the AHBBO website
        at , right under the iCOP?seal!
         

        ============================================================
        5.  This Week's Subscriber Web Site Pick - FreePlants.com
        ============================================================

        http://www.freeplants.com

        Mike McGroarty writes:

        "Dear Elena, 

        "In your newsletter you asked to hear about websites that are 
        created and owned by individuals. I have two sites that I've 
        designed and manage myself with MS Frontpage. One is 
        doing really well, while the other is new, but off to a good start.
         
        "I've been online since Jan. 3 with my gardening site. I 
        sell thousands and thousands of dollars worth of information 
        products from the site, with sales as high as $500. a day at 
        times. Some days are zero, but right now my average for this 
        year is about $700. a week. 

        "My gardening site http://www.freeplants.com is strictly about 
        gardening, and the backyard nursery business. We have a little 
        nursery in our backyard and I teach others how to do the same. 
        Our nursery earns several thousand dollars each year as well. 

        "I also have a new site with 
        a free newsletter, "How to Really Make Money at Home". At this 
        site I discuss how I sell thousands of dollars worth of info products 
        both online and via mail order. I help others learn how to create and 
        sell their own information products. 

        "Let me know what you think. 

        Mike McGroarty"

        -----

        OK Mike, I'll let you know what I think.  Absolutely brilliant.  
        Everyone, if you don't follow a single other link in this ezine, 
        check these sites out.  

        See?  It can be done!  Here's an example of what I've been 
        preaching all these months.  Find something you know about and 
        that you're passionate about and build your online business around 
        it.  There's no need to reinvent the wheel.  Your own natural 
        enthusiasm and passion will almost guarantee your success.  I 
        don't care what your passion is.  It could be worm-farming for all I 
        care.  

        Notice those domain names too - freeplants.com and   Beautiful.  Simple.  Memorable.
        Here's a man with a firm grasp of common sense, business sense
        and real smarts.  Never mind the gimmicks, never mind the flash 
        and the glitz.  Just gimme the information I want and don't make 
        me jump through hoops to get it.  Books, reports, videos, straight 
        to the point website.  This is one business and one website that 
        just can't miss.  I take my hat off to you Mike.
         
        ------

        If you want your site seen by thousands, write and tell me 
        about it!  But make sure it's one you've created yourself 
        or have had created especially for you.  No self-replicating affiliate 
        sites please.  

         

        ============================================================

        ============================================================ 
        8. Subscription Management 
        ============================================================
         

        To SUBSCRIBE to this Newsletter:
        Home Business Newsletter

        To UNSUBSCRIBE from this Newsletter:
        http://ahbbo.com/privacy.html#unsubscribe

        If you find this newsletter valuable, please forward it
        in its entirety to your friends, family and associates!
         

        ============================================================ 
        10. Contact Information 
        ============================================================

        Elena Fawkner, Editor 
        A Home-Based Business Online 
        Contact By Email

        ============================================================
         

        Copyright © 1999-2017 AHBBO Publishing
        All Rights Reserved

        Copyright 1998-2017, AHBBO.com. All rights are reserved. Tuesday, 26-Jan-2021 01:43:39 CST

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