If you have been bitten by the home business bug you need to be aware of the many challenges you will face in making your business successful. This article was written considering several factors that can detract the home based business owner from staying focused. If you are not trained to avoid distraction it can become quite an ordeal. Read on to get some advice on how to stay focused while running your home business.One of the biggest challenges you are going to face is successfully avoiding the many distractions that are part of working from home. You need to separate home and office and train yourself to accept that you are running a serious business, which is a separate entity from your home. You need to structure your thinking and practice discipline to ensure maximum productivity for business success.Set up your office as far away from the major traffic areas in your home like the kitchen, TV room, etc. If you plan to claim tax deductions you will need to keep your office separate from your home. Talk to your family about the seriousness of the business you are trying to run and the importance of their cooperation with giving you the quiet you need.While you have complete freedom to work the way you want and set your own schedule, it is far better to stick to some kind of work schedule that emphasizes the seriousness of your venture. If your home based business has to do with client interaction, you will need to keep reasonable hours anyway. There is danger in having too much freedom because as human beings we are conditioned to follow schedules.The Internet is our greatest boon for business opportunities and information, but can also be one of the greatest distractions as well. It is so easy to get hooked on surfing the net when you don’t have someone looking over your shoulder. It is far better to make a conscious effort to keep the browser closed when you are working unless you need to use the net for work.Distractions are a part of life and rather than fighting a losing battle against them, you can work around them. Try scheduling break times that allow you to play with your kids or the dog, write some personal notes or catch up on emails or talk to your spouse. In this way you will not feel guilty about wasting time.Make use of the advice in this article to help you stay focused on making your home based business a super success!
Plan To Succeed With Information Product Creation: Why You Need To Split Your Process Up
One of the keys to succeeding in information product creation is to break the process up into discrete steps. This frequently isn’t an instinctive reaction for the typical information marketer. Especially on the internet where small sized learning products are the norm.
However, it is extremely important to your ultimate success. In fact, I would go so far as to say that if you don’t do this you probably won’t succeed… even when you are starting out let alone as you move forward.
Your product creation system should do this for you if only to help you to understand the overall task.
But why?
In this article, I’m going to ignore chunking and focus on the practical aspects. That’s not to say that chunking isn’t important. It is. It’s important to understanding and to learning the process. But while you can use the same chunks as you move forward, long term your focus needs to be on the operation of the system not the understanding of it. Unless of course you are constantly training new people!
So why is chunking important to long term use of the product creation process? (Yes, I know systems design uses a different term for this process but I’m not teaching you systems design. So I’m going to use the word learning content designers use.)
The first reason that having individual discrete tasks is important is one of schedule estimation. Frequently it is very difficult to estimate how long the total task of creating a product will take. After all, the size and type of the products matters as does the number of products in your product funnel. And those are just the most obvious elements. However, estimating a discrete task is often much easier. The total can then be estimated as the total of the discrete tasks.
Secondly, scheduling a large task can be problematic. However, by segmenting the task into a number of discrete tasks, you gain a much greater flexibility in scheduling. Not only that but as your business begins to add people you are able to schedule multiple people to the product creation.
Finally, segmenting a large task into smaller discrete tasks allows you to have much better control over the product creation. This affects two different areas — status and quality.
By segmenting your process into discrete tasks you are able to schedule and record the progress at much more detailed level. As a result you are more in control of the status of the product creation. You know what everyone is doing. When they should complete it. And how much it should cost. You also know exactly what has been done.
You also improve your overall quality. Instead of waiting until everything is done you can check quality as you go. This allows you to immediate react to low quality products without absorbing their costs. This means that you have less rework and your rework costs less. And if the product is not going to meet its quality requirement you will know about it in time to stop the development, change the requirement or fix the product.
The Basics of CRMLA – Useful Information for Real Estate Buyers
It’s advisable for buyers of Rancho Santa Fe homes for sale to know everything they can that is related to real estate, including the laws that govern buyers, sellers, and even mortgage lenders. It’s essential to know these things to prevent any issues from happening during the home buying process.
Aside from the California Finance Lenders Law and the Real Estate Law, a law was enacted as an option to these laws that license lenders: the California Residential Mortgage Lending Act (CRMLA).
The CRMLA was passed in 1994 and started operating in 1996. It was enacted to give a licensing law to mortgage bankers that is purposely created to control their main tasks of originating and servicing mortgage loans. It is specially intended to regulate and authorize activities concerning mortgage banking, unlike the California Finance Lenders Law and the Real Estate Law.
Applicants of this act may acquire a license as a servicer, a lender, or even both. If approved, these licensees are authorized by the CRMLA to do the following:
- Make mortgage loans that are federally related
- Make loans to fund home construction
- Sell loans to investors
- Service loans
- Buy and sell loans that are federally related
- Give institutional lenders contract underwriting services
- Service any mortgage loans that are federally related not considering whether the loan is made or a servicing portfolio is purchased
- Give brokerage services to borrowers by means of trying to acquire a loan from another lender on their behalf
As required by the CRMLA, any individual who is in the business of servicing or making residential loans within Rancho Santa Fe and California must be licensed under the Act; however, there are some entities that are exempted from these licensing requirements. These include the following:
- Federal credit unions, federal savings bank, federally chartered loan and savings associations;
- Industrial loan companies, insurance companies, trust companies, banks;
- Individuals engaged exclusively in agricultural, commercial, or business mortgage lending;
- Credit unions, savings banks, and savings and loan associations that are authorized to do business in California;
- Municipal, state, and federal governments;
- Completely owned service corporations of savings banks or savings and loan associations;
- Individuals who act in a fiduciary capacity granted by a court’s authority;
- Pension plans that make residential loans to their members;
- Finance lenders in California;
- Licensed brokers in California; and
- Trustees in foreclosure procedures.
Licensed mortgage bankers under the CRMLA may be any one of the following:
- A person
- A sole proprietorship
- A corporation
- A partnership
- A limited liability company
- An association
- A trust
- A joint venture
- An unincorporated organization
- A joint stock company
- A government
- A government’s political subdivision; or
- Any other entity
Here are the requirements for applicants to acquire a license:
- Approval as a lender and/or a servicer from any of the following: the Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, Government National Mortgage Association, Farmers Home Administration, Veterans Administration, or Federal Housing Administration
- Audited financial reports that show actual net worth of a minimum of $250,000