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If you are a home-based business owner without a schedule or have one that is not productive, chances are good that you go to sleep every night wishing that there was more time in the day. If you just had an extra three hours, you could really speed up your momentum and kick everything into high gear. Well, you're on the right track by wishing that, but the answer is not more hours. The answer is time management and your need to successfully grasp the concept of it.

Imagine if you worked for a large company like Xerox and you were in charge of their entire marketing campaign. If you didn't delegate responsibility by giving each person the one task that needed to be done in order to make the company run smoothly, you would probably be fired. When you own your own home-based business, you have to delegate all of that responsibility to yourself. It's not easy, but it can be done and done well.

Here a 5 important tips to help you successfully set a schedule that will explode your home-based business.

1. Think Like A CEO, Work Like An Employee
Since you own your own company, you have to successfully wear two hats. One that allows you to think like a CEO and the other like an employee. You want to reap the rewards like a boss would, but you can't work like one or else you will go broke. You have to work like an employee to make decent profits. No one gets rich taking half the day off to play golf. That is something you do after you make the money.

The first crucial decision you must make is how much time are you willing to put into your business each day. A CEO would put in about an hour. An employee would put in a full 8-hour day with over-time. The balance you feel comfortable with depends on how serious you are to make things happen, and how fast you want to make things happen in order to reach your goals. All stores have hours of operation. How many hours are you willing to be open each day?

2. Focus On What Makes The Difference
If you don't focus on exactly what it is that needs to be done every single day to make money, your business will not survive long. It has been said that in 100% of all you do, there is only 20% that makes the difference. Can you imaging how successful you would be if you isolated that 20%, then multiplied it by 5 to make up your 100%? Look at whatever tasks get your phone ringing and prospects ordering.

This does not mean you have to contantly work all day long. It means that once you know what works for you, you can turn your business on and work 100% for half a day and reap the same benefits you would working your old schedule for a full week. This will require a great deal of testing on your part, so don't be discouraged if you can not find your magic formula right away. Every business is different and requires special attention to detail.

3. Make Time For Personal Development
When you work on yourself as much as on your business, you will begin to see results shifting in your favor. We all would like to be good natured all of the time, but unfortunately today's society focuses more on flaws and mistakes than on good deeds. Personal development keeps the business owner grounded and provides encouragement.

We do not have office parties and co-workers who are on the same playing field to relate with. We need reminders of why it is always important to take the high road and do what is right. Fitting personal development into your daily schedule, even if it is only for a half hour each morning while you are sipping on your tea, will not only keep your attitude up, but it will also keep your momentum up as well.

4. Make Time For Education
This doesn't mean the monthly visit to the local Holiday Inn for your specific company's seminar. Most of the time these trainings are only good for boosting moral and do nothing to really educate you on how to successfully be a marketer. You must find time in your schedule to learn something valuable each and every day. This could be anything from listening to a training call from a source outside of your company or practicing a script with a mentor or buddy.

Times change faster than we can keep up with them, and any successful business owner does his or her best to keep up with the new and exciting advancements taking place around them. If you find that the education offered by your company is not offering you anything new to help you grow your business, perhaps it is time to start thinking outside of the box. Network Marketing companies are only really responsoble for providing you with a product to sell. Seeking a program totally focused on showing you how to successfully market anything will be of more value in the long run.

5. Get Your Work Finished First
It is not easy to discipline yourself when you are your own boss. There are always lots of distractions that pull us away from getting our work finished. This used to happen to me all the time because I have many hobbies I enjoy more that making money. My business began to expand when I disciplined myself to get all of my work finished before I did anything else. I used my hobbies as rewards to myself only when my work was finished, or mostly finished. Of course there are exceptions to every rule, but when this becomes your focus you will no longer feel that you let the day escape you.

Managing your valuable time and setting your daily schedule accordingly, is an essential ingredient to successfully grow a business and keeping it moving forward. Your time should be focused on whatever works for you to keep bringing prospects in through the use of your products, not on what you like to do. When you learn how to find an audience who has a demand for what you have, and then filling that demand with supply, you can turn minutes into dollars...even when you are not working.

Understanding this is one of the most crucial aspects of buildingd a strong home-based business. Since techniques like this are seldom taught by network marketing training systems, it is also important to have a willingness to change your way of thinking. It could be the difference between success and failure.

William Winch is a Business Growth Specialist whose mission is helping people expand and explode their home-based businesses without breaking the bank. A former High School and College Business Educator and Counselor, he mentors from his home office in Rochester, NY. If you are interested in learning how to explode and expand your home-based business, you can contact William by visiting his website at http://www.thefreemlmpowerreport.com or by calling him directly at (585) 234-5283.

Article Source: ArticlesBase.com - How to Implement Time Management Techniques to Explode your Home-based Business