The document outlines 8 start-up basics for small business success run from home: 1) Clarify objectives by writing down personal and business goals and scheduling lifestyle activities; 2) Enhance management skills with action plans, reporting, evaluation, and alternative steps; 3) Improve finance by selecting an entity, creating budgets, maintaining statements, and projecting cashflow; 4) Review personnel needs by structuring jobs and hiring and compensating people to meet objectives; 5) Increase marketing effectiveness by understanding customers, differentiating from competition, and consistently executing sales methods; 6) Streamline operations with efficient administration, utilizing facilities/equipment after determining ROI, and timely meeting requirements; 7) Reduce production costs by breaking down components, outlining processes

1. Free Session 8 Start-Up Basics Small Business @Home Success By Don Osborne : ProfitPuzzle.com

2. #1. Objectives#2. Management#3. Finance#4. Personnel#5. Marketing#6. Operations#7. Production#8. Resources

3. #1Clarify Objectives Constantly

4. #1. OBJECTIVES personal A. Write down your personal reasons for successful small home based business ownership.

5. #1. OBJECTIVES business B. Clearly state your business goals regardless of your personal talents or skills.

6. #1. OBJECTIVES lifestyle C. Schedule lifestyle area activities: individual, family, spiritual, career, financial.

7. #1. OBJECTIVES time D. Plan your use of time in 30 minute increments with an emphasis on mandatory items.

8. #2Enhance Management Skills

9. #2. MANAGEMENT plan A. Develop a step-by-step action plan for each of your personal and business goals.

10. #2. MANAGEMENT report Report the results of your action plan activities on a regularly scheduled basis. B.

11. #2. MANAGEMENT evaluate C. Evaluate your results against the targets you set in your action plans.

12. #2. MANAGEMENT develop D. Develop alternative steps for areas of your action plans which are under performing.

13. #3Improve Finance Opportunities

14. #3. FINANCE entity A. Select a business entity which reflects your personal goals and facilitates funding.

15. #3. FINANCE budget B. Create a budget and compare your actual numbers to your forecast numbers.

16. #3. FINANCE statements C. Setup, maintain and regularly review an accurate set of statements.

17. #3. FINANCE cashflow D. Project cashflow using a time frame which allows you to prepare for shortfalls.

18. #4Review Personnel Needs

19. #4. PERSONNEL structure A. your business structure by identifying the jobs required to meet your objectives.

20. #4. PERSONNEL hire B. Only hire people who capabilities and interests match your job description.

21. #4. PERSONNEL compensate C. Compensate people based on the revenue or savings they generate in their positions.

22. #4. PERSONNEL motivate D. Motivate people by understanding why they are working and what they want from their jobs.

23. #5Increase Marketing Effectiveness

24. #5. MARKETING products A. Identify why people or companies buy your products and services and how they use them.

25. #5. MARKETING customers B. Understand who your customers are and how they make buying decisions.

26. #5. MARKETING competition C. Develop a strategy for differentiating your offerings for your competition.

27. #5. MARKETING sales D. Use sales and promotional methods you can consistently and persistently execute with results.

28. #6Streamline Operations Regularly

29. #6. OPERATIONS administration A. Adopt an efficient administration system for keeping your business records.

30. #6. OPERATIONS facilities B. Make sure every square foot of your business facilities are working for you.

31. #6. OPERATIONS equipment C. Invest in equipment and technology only after determining its ROI (Return On Investment).

32. #6. OPERATIONS requirements D. Identify and meet the expense of all business requirements in a timely manner.

33. #7Reduce Production Costs

34. #7. PRODUCTION components A. Breakdown each of your products / services into their basic components.

35. #7. PRODUCTION process B. Outline the steps and costs of your production process for each of your products / services.

36. #7. PRODUCTION distribution C. List the steps and costs for the distribution activities for each of your products / services.

37. #7. PRODUCTION pricing D. Add up and add on margins to all of your steps and costs to determine your profitable pricing.

38. #8Leverage Resources Always

39. #8. RESOURCES internal A. Make use of the internal people and information resources you're already paying for.

40. #8. RESOURCES external B. Don't be afraid to pay for the appropriate external experience required to grow your business.

41. #8. RESOURCES industry C. full advantage of all the industry information offered by organization you've paid to join.

42. #8. RESOURCES universal D. Universal business knowledge is all around you - ask questions and listen.

43. The Profit Puzzle 8 Start-Up Basics for Small Business @Home Success By Don Osborne : ProfitPuzzle.com