7 Vital Signs of a Healthy Home-Based Business

According to US Small Business Association, over half of all businesses are based out of the owner’s home. However, not all of those businesses are healthy, life-giving enterprises. What does it take to build a healthy home-based business? Give yourself a check-up with these 7 Vital Signs of a Healthy Home-Based Business:

1. Values

  • What is my ‘Why’?
  • Does it connect to one of my passions?
  • How would it effect me if I could no longer do this work?
  • How does my work make me feel?
  • Am I frustrated or fulfilled by my work?

2. Goals

  • Do I have both long-term and short-term goals?
  • Are they written down and placed where I see them often?
  • Do I make big goals or easily attainable goals?
  • Do I use my goals as filters for my decisions?

3. Workflow

  • In my line of work, what does success look like?
  • What is my process from the beginning to the identified success?
  • Am I flexible and willing to change the way I do things?
  • Are there areas in which I could be more efficient?

4. Finances

  • Do I have a business plan and budget?
  • Do I follow said budget?
  • Am I paying bills and filing taxes on time?
  • Do I need outside help with financial issues?
  • Am I using credit responsibly?

5. Clientele

  • Are my clients pleased with my products and/or services?
  • Do clients refer me to others?
  • Do I have a way for clients to evaluate my work?
  • Where can I improve my process or product to make sure that my client is completely satisfied with the work I do?

6. Family

  • How does my work contribute to family life?
  • How is my work a detriment to family life?
  • Do I need to ease up on what I commit to?
  • What are my kids learning through my work?
  • How can I involve them more?
  • How does my spouse or significant other feel about my work?
  • Does my work drain me or energize me to be with my family?

7. Development

  • What are my top strengths?
  • What is my strategy for investing in my own professional growth?
  • Where can I find resources that will help me grow?
  • What conference might I attend this year?
  • What book(s) might help me take my work to the next level?
  • Am I willing to network?
  • Am I willing to be coached on maximizing my strengths and working around my weaknesses?

Make a quarterly appointment with yourself to run though this check-up!

What other “vital signs” of a healthy home-based business would you add?

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