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Finding the Balance Between Healthy Business and Happy Home

Enough is enough: Running a business will place great demands on your
time and you will likely end up juggling family commitments, vacations and
free time. While the workload may seem like it will never end, you can
actively set some limits. Keep an open mind about hiring someone to take
the load off. Determine what time sacrifi ces you are prepared to make for
your business. Defi ne the boundaries, and build your plans around them.

The financial investment: Will you use your home or nest egg as
collateral for the business? How long before money comes in? Can you still
make ends meet? Address these kinds of questions early, so you can work
out the solutions long before they turn into problems for everyone involved.
Contact your local Chamber of Commerce to fi nd out about benefi t programs
for small businesses. Talk to your bank or fi nancial advisor about setting up
an automated retirement savings account.

Staying healthy: Taking the time to eat right, stay active and get enough
rest is an investment in your business. Don’t let your personal health and
well-being slide. You should also have a contingency plan that includes
illnesses, pregnancy, care of children and elderly family members – not to
mention a bit of preventive rest and relaxation.

Manage your plan for work -life balance with as much vigour as you would
your business plan. No matter how busy you get, don’t forget to come up for
air at least once a year to re-visit and adjust your plan. Your success – and
your happiness – may depend on it.

Harker Alumni

This Acronyms Used in a business cont

swot-strenghts-weakness-opportunities-threats

ext, it helps you carve a sustainable niche in your market. Used in a personal context, it helps you develop your career in a way that takes best advantage of your talents, abilities and opportunities . Each Aspect have a big related with you business in future . you will need it all if you really want to starts you Own Business

To carry out a SWOT Analysis, you need to answer or at least think all about it :

Strengths:

* What advantages does your company have?

* What do you do better than anyone else?

* What unique or lowest-cost resources do you have access to?

* What do people in your market see as your strengths?

* What factors mean that you “get the sale”?

Weaknesses:

* What could you improve?

* What should you avoid?

* What are people in your market likely to see as weaknesses?

* What factors lose you sales?

Opportunities:

* Where are the good opportunities facing you?

* What are the interesting trends you are aware of?

Useful opportunities can come from such things as:

* Changes in technology and markets on both a broad and narrow scale.

* Changes in government policy related to your field.

* Changes in social patterns, population profiles, lifestyle changes.

* Local events.

Threats:

* What obstacles do you face?

* What is your competition doing that you should be worried about?

* Are the required specifications for your job, products or services changing?

* Is changing technology threatening your position?

* Do you have bad debt or cash-flow problems?

* Could any of your weaknesses seriously threaten your business?

Refer all tha question , i think you can get some thread and Conclution

Strengths and weaknesses are often internal to your organization. So you can answer it if u supposed that you already start you own business, so you can answer all the information that needed . Opportunities and threats often relate to external factors. For this reason the SWOT Analysis is sometimes called Internal-External Analysis and the SWOT Matrix is sometimes called an IE Matrix Analysis Tool.

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