What I learned from a failed at-home business is feeding my goals for the New Year. I need to look at the failures and successes.
Yes, it’s hard to look at our failures, especially if we’ve thrown our all into something. I try to frame failures as opportunity to grow. I look at what doesn’t fit for my personality. What didn’t work because of the environment I’m in – my customer base, supply and demand, my marketing plan, or my lack of skills.
As I worked on my Annual Review in December, I spent some time thinking about the Shaklee business I worked on for a year. As someone focused on healthy living and experiencing success with the Shaklee vitamin and herbal supplements, building a home-based business seemed to be a viable way to bring in extra income to pay for our children’s Catholic school education.
Unfortunately, the Shaklee business turned out to be a poor fit for me for a number of reasons which I won’t go into here. However, I learned a lot from the experience of building a business while being a stay at home mom. I do think I could do both; I just need to find a business that fits me. Blogging fits me.
- A home business needs work and discipline.
- You get out of it what you put into it.
- The more you practice, the more you come to understand what works for you and what doesn’t.
- Failure is as important as success.
- Get the full support of your spouse from the beginning.
- Be prepared to set boundaries with friends and family and other acquaintances. My biggest struggle with this has been my children’s school.
- Be frugal and discerning with your expenditures.
- Find someone else also starting out in the business and see if they want to support each other.
- Educate yourself. Some businesses have a greater learning curve than others.
- Socialize and network with other people in your business.
- Organization is incredibly important.
- Follow up is equally important.
- Make your yes mean yes.
- Be known for your word.
- Your business is worth your time and effort.
- Your business is worth sharing with friends and family.