The journey toward becoming a successful freelancer or solopreneur is equal parts rewarding and terrifying.
After all, as tedious as the traditional nine-to-five grind can be, there’s no denying the benefits of financial security and stability.
That being said, becoming a solopreneur success story often comes down to rooting yourself in reality. Regardless of the industry you’re looking to make it in, including marketing, trading or web design, consider the four hard truths about working from home and how to meet them head on.
You Absolutely Need a Designated Space
If you think you can slide a desk into any random room in your house and call it an “office,” think again. You absolutely must have a designated space to get work done that’s both private and fosters a sense of productivity. Without a proper work space, you’re setting yourself up for failure when it comes to any given project.
Setting up your home office doesn’t have to be a huge ordeal. Simply figure out the ideal space in your home where you won’t be disturbed and start there. Your office doesn’t need to be a total dungeon, either: solutions such as woven wood shades, for example, represent a stylish way to control the light in your work space.
Take some time to invest in décor but don’t let it dominate your office: there’s a delicate balance between style and substance when it comes to getting down to business.
Overnight Results are a Rarity
Don’t be swooned by overnight success stories. Whether you’re day trading or trying to build your web-based empire, it takes patience and persistence before you can hope to truly see results. That being said, every mishap and mistake along the way is a learning experience.
For example, if you get burned by a bad trade it’s important to take a step back and realize what went wrong. Likewise, you may try to build a site within a niche that gains little to no traction because you didn’t do your homework.
Instead of dwelling on past mistakes, learn from them.
The Learning Curve is Often Steep
Speaking of learning, acknowledge the fact that true mastery of any task, especially those related to business, takes time. Always be open to new knowledge and advice in your industry. For example, you can take a “total immersion” approach to learning by listening to industry podcasts and interviews during your off time while you aren’t working.
This approach ensures that you’re constantly expanding your knowledge and never allowing yourself to get behind. As the old saying goes, “the more you learn the more you earn.” While how long it takes to master a skill is still up for debate, be prepared to punch the clock accordingly if you want to really see results from your home-based business.
You Probably Need a Nest Egg
Profitability from the word “go” is easier said than done. You can avoid a huge headache and the stress of the start-up grind by having a small nest egg and support system behind you. Ideally, you should have a few months of expenses in your savings account before you start building your empire. While nobody wants to hear this advice, having something to fall back on may ultimately keep you focused.
Becoming a successful stay at home professional is about having realistic expectations and the right work ethic. By knowing what you’re getting into and accepting the legwork involved, you’re much more likely to make your business last.