Brilliant Business Ideas – Business Ideas for Stay at Home Parents

To start a family or not start a family, that is the question. Some people feel that to bring a child into this world is wrong given the state of affairs. There is pollution, military unrest, global warming, and economic strife. Raising children can put a huge strain on your budget almost indefinitely and provide you with sleepless nights. On the other hand, we have an innate drive to propagate the species, to pass on our genetic lineage as well as our religious and familial traditions. And let’s face it, babies are so dang cute!

This is the story of a couple, we’ll call them Jan and George. Jan and George met in their late 20’s and had lots of fun dancing at the Renaissance Faire, going on driving road trips to wherever their hearts desired. George was a loan officer and Jan a bookkeeper at an advertising agency. They had all the time they wanted for themselves and the money to do what they wanted. Trips to Hawaii, Fiji, even European vacations were on their travel menu. It was a good life and a fun life with hardly a care in the world.

Jan and George went on like this for many years, living and enjoying life freely. Then one day a fork popped up in their road. One way to stay the way they were, the other way to start a family. What to do? They figured that they were not getting any younger and they had already done a lot of things that most people do after they raise a family and are retired. So the decision was made and they increased the population with a handsome boy followed two years later a beautiful girl. It turned out, however, that the handsome boy was diagnosed with Type 1 diabetes at the age of 2 years and needed to be looked after always, even at school. How can a parent be there for a child if they must go to and be at a traditional office job? They can’t. And so the search for brilliant business ideas for stay at home parents began.

If you are a parent that wants to work from home how do you find a business model that will suit you? There are certain criteria you can work with as you search. First on the list is whether you want to work for another person or do you want to be your own boss. There are many jobs that can be done from your home where you work for someone else such as; data entry, bookkeeping, medical transcription, and assembly work, just to name a few. Another idea is to take something you love to do and teach others to do it from your own home. Teaching yoga, personal training, art classes, or cooking classes are great ideas for a home business. An additional way you can make money from home is to do professional work like accounting, counseling, advertising, or law work.

There are also opportunities to be your own boss, work from home, and have the support of a company. This allows you to work own your own when and where you want but have access to business systems, such as marketing tools (both online and traditional), training for the business, and a community of like-minded entrepreneurs that encourage each other by sharing ideas, strategies, and techniques of what is working right now. Not only that but there is the potential to earn an executive salary without the restriction of having to commute to an office, be responsible for the work others do, or working overtime to complete a project.

Well, Jan and George thought that this truly was a brilliant idea and found an excellent company that they could earn with and also travel the world in luxury for a fraction of the cost. They were home to take care of both their son and their daughter. Jan was able to spend many hours volunteering at their school and they continued their habit of road trips and vacations. They live a life that is unique but really, anyone can have.

Developing a Business Idea – Business Planning

Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline. Jim Collins

Life is full of choices and the right decision taken at the right time and executed also at the perfect hour can definitely bring success. Any business plan has to undergo three stages before it is actually executed.

    o birth of a business idea
    o developing the goals and strategy for that idea
    o creating the right ambiance and the perfect atmosphere to execute the idea

First let us consider discussing the birth of the business idea. Picking the right idea is again a most imperative choice. Many people just go by the crowd and decide to do any business which is considered as the hottest at that particular point of time. But certain things have to be speculated and analyzed before taking the first step.

    o do you think you can start and run your own business successfully
    o what are all your positive and negative aspects when it comes to real life skills and talents
    o how much investment can you possibly set aside or lend for this business opportunity
    o have you analyzed the market value or demand for the kind of business you have in mind
    o who is your target audience and will people actually accept my product or service
    o are there any competitors in this business and if so how much can I be different and capable to meet with this competition

Some ground work about the business idea is necessary and there is nothing wrong in discussing it with the forerunners in this field. Try to meet up with similar companies to find out the pros and cons of the business.

Once you come up with a business idea say to do some online marketing business then carefully draft the business strategy. Setting goals, and drafting the business plan as to the number of employees, office space, lawyers, accountants, office furniture etc is what will follow next. Getting license for the business, legal proceedings, tax factors etc is also very imperative step to go with. A business plan is like a road map to your business and it sets the right discipline in which your business will progress.

Every business should work towards achieving its long term and short term goals. Starting an online business might be less stressful financially but keep in mind that all online businesses are not very successful. It depends on what kind of business you want to do online. The least you should is the tricks of the trade. So equip yourself with the updated and hands on knowledge about the business you wish to start. Note down the marketing strategy for your product or service. Marketing has become a deciding factor of a business these days. Media promotion, web site promotion and other marketing techniques should be optimized for better visibility of the business prospects. The more people see your company’s name flashing before them the more hits you might get and this is where you should strive to make every viewer a possible customer.

A professional business plan however should contain the following,

    o Purpose of the business
    o Funds needed
    o Specifications about the product or services that your business will be dealing
    o Management members with advisors both legal and professional
    o Organization structure
    o Division of power
    o Responsibilities
    o Vision, goals, key strategies and objectives
    o Marketing strategy
    o Promotional methods like resumes, brochures, articles and logos
    o Location and office layout

Thus a complete blue print of the business idea should first be created theoretically before actually moving forward with major decisions. This blue print will give you a picture of what to expect and thus enable you to focus on the lines of the business plan that you have made. Vision is already created and hence the steps towards making this great vision come true are not very far away.

Transformation of Business

The following points help to transform a business into innovative and creative culture.

Procurement and Implementation of Idea:

To prosper the culture of any business, it is necessary to nurture the ideas instead of discarding them. An antagonistic culture does not nurture ideas and thus obstructs to keep up with the rapid changing society. If an employee hits up on a great idea then the superiors tend to avoid sharing their experiences and thoughts in fear of humiliation and rejection.

Adopt a rule that permits every employee to suggest an idea. Allow them to make only positive comments, which are expressional ideas. This significantly cultivates great ideas and implements at least some form of the ideas. Business firms need to welcome and encourage new ideas and suggestions. With proper attention, ideas often provide solutions to problems, perfect incubator for the next inventive product or service or even the next marketing promotion.

Besides, make use of generated ideas. It is not possible to create future ideas just by encouraging ideas and sitting ideally without taking any action. Never discard or reject to implement business ideas without giving adequate justification. It goes in the disinterest of the business firm and there is loss in creativity and future goodwill of employees.

Empowerment:

The empowerment of employees helps to increase initiative, innovation, involvement, speed and enthusiasm of the individuals, which stands in support of a firm’s business mission.

The quality job of leadership influences to define and encourage empowerment. However, in a multi level organization, the leadership desists to empower the subordinate. The superiors believe that ideas and initiatives from subordinates can weaken their authority and eventually their position in the business firm.

In true perspective, this is a struggle. However, by ongoing clear communication and dedication from the superiors, it is possible to overcome this struggle. It is essential for the central management to understand and realize that the subordinate empowerment is for collective as well as for personal gains. If any individual fails to understand this, it is sensible to remove that individual to avoid conflict.

Communication:

Communication is extremely essential by the point of creative place of work in a mature culture. It is the key element to implement a cultural renaissance. Leaders have to communicate in such a way that it excites and energizes their crew and at the same time helps their crew to overcome the hesitancy in adopting those proposals.

Believe in Each Member of Organization:

It is the natural tendency of people to rise on the occasion, if they believe they are reliable. Generally, many people are looking for personnel, who believe in them and hold responsibility for them.

Moreover, when they are sure of these persons, they tend to produce good results. Therefore, during business transformation, it is important to have someone in whom each member of the organization believes and who is ready to vouch for them to succeed.

Harvest Emotional Energy: Values give true credit to people’s lives. The performance of any business firm is directly proportional to its capability to tap its human potential. Most people take work as the best opportunity to express their innermost levels of creativity in search of fulfillment.

So, set clear human values and allow the corporate culture to harvest the emotional drives and creative potential of the crew members.