Thursday, 30 August 2012

Working from home - the Pros and Cons


 



 



In the current economic state, people are finding it more and more difficult to find a job, either due to a lack of job availability, or because some employers simply don’t have space/resources to support any extra staff. However, at the same time, individuals are turning to opening their own businesses and running them from home, or coming to agreements with their employers to work from home to save company resources and time.



 



However, working from home may seem simpler in the beginning, because it saves you the time of having to commute, get ready, etc. (and in some cases, getting out of your warm bed on a cold winter morning). But you’ll soon find that this environment brings its own stressful situations into the equation, and these must be dealt with before any sort of work can be done. Here is a list of a few of the most common problems/downfalls of working from a home environment:



 



Work environment: Working at home makes it rather challenging to stay focused on the job and what has to get done. The problem with working from home is that there may be many distractions such as family, hobbies, chores, etc., to keep you from getting all of your work done.



 



You’d be amazed at what a clean organized room can do to your mood as opposed to a sloppy, crowded room. Treat your space as if it were a real office. By doing this, it can help with your work ethic. If you have family that nag at you, it’s important to talk to them and make them understand that you’re working and are busy, so that they don’t use up your time with daily tasks/chores. Setting up a time schedule can help sort things out (i.e Setting a couple hours dedicated to work/finishing up as many tasks as you can, then taking an hour break to do other things and have some time to yourself and/or family, then getting back to work for another couple hours), and so on. Following a work/time pattern can help with using your time efficiently. Last but not least, prepare and plan ahead of time.



 



Lack of self-discipline: Since we work from home, it is very difficult to fully understand and realize that we are actually at work. For example, we find it difficult to set appropriate work times and are often distracted from our own personal entertainment/leisure time, and considering we’re our own boss, we can get away with it and not have to worry about getting lectured or possibly fired from slacking on the job.



 



Setting daily goals of tasks that need to be done help a lot with staying on track. A good example of this would be to make lists, charts, calendars, etc. that contain all of the tasks/goals somewhere that is easy to access or even right in front of your face so you’re always reminded to get the job done! By doing this, you don’t have to over work yourself, since you can have the whole day to complete your goals and appropriately and conveniently work them in to your schedule.



 



Storage: Most companies have stock rooms or storage facilities that are equipped to hold whatever they sell or use to do business. Working from home means that your personal space will be used to store these things, and it may cause some tension, as it encroaches on your home life.



 



Prioritize your stock/materials/tools/etc. Don’t hoard things you don’t need. Doing a monthly clean out can really help make/save some space and keep things clean and tidy. If your stock is consistently expanding, look into some other alternatives such as renting a storage unit close by, which will save you the hassle of having to mission to go import/export stock.



 



With the negatives out of the way, here are a few of the more convenient reasons for running a business from home:



 



Flexible schedule: Since you’re not tied down to strict shifts, like your average employed worker, it allows you to bend your schedule and have more time on personal projects, without worrying about losing work hours or our pay getting deducted from having to take days off. This can become a disadvantage though when you lack the self-discipline and motivation to work.



 



Save money: Working from home means you have access to your kitchen, which also means that you have access to food, therefore you don’t have to worry about spending precious money on buying lunches or snacks on work breaks. Working from home also keeps your business rent-free, since your home is your office! Finally, you don’t have to worry about transportation fees, such as filling up on petrol, buying tickets for buses and/or trains, etc.



 



Being your own boss: Who wouldn’t rather work for themselves as opposed to working for someone else? Being the boss means you call the shots, and you get to run your business however you’d like without taking orders from anyone else. Not only does being the boss give you the power to share your business with the world and give people the opportunity to work for you, but you also get to live with the feeling of self-gratification and pride. It’s nice to be able to call something your own.



 



The Roodepoort Chamber of Commerce (ROCCI) is one of the biggest Chambers in South Africa, and is comprised of over 100 businesses in the Roodepoort area in Johannesburg. Contact ROCCI on (+27) 86 111 3304, send an e-mail for additional information, or visit the ROCCI website to find out more about what is on offer, or how it would benefit you to be a part of this ever-growing inter-business network.



  



Written By Wesley Geyer



Creative Writer for ATKA SA



 


Famous Young Entrepreneurs


 



In 2012, one of the most recognizable figures in the Western world is undoubtably Mark Zuckerburg, co-founder and CEO of Facebook. Not only is he one of the most successful individuals in the past decade (some might say he is number one on the list), but he is worth an approximated 14 billion US Dollars at the age of 28. However, he is only one of many young entrepreneurs making an impact on the world through their businesses (not to mention that they are all worth a lot of money). Here is a list (adapted from a list compiled in 2010 by Josh Dunlop from IncomeDiary) of five of the most notable young entrepreneurs (not including the obviously notable Zuckerburg) who have made themselves known through hard work and a whole lot of determination (and maybe some luck every now and then):


 


1. Dustin Moskovitz (28):


 


Worth an estimated $ 3.5 billion


 


Dustin may be a little less familiar to you than Mark Zuckerburg, but he’s definitely someone who has struck lucky. In fact Dustin was one of the co-founders of Facebook along with Mark. Dustin has since left Facebook (back in 2008) and has now set up his own business, Asana, a company that deals with the problems of workplace collaborations. The company is aimed at creating a social network that is suited to business relationships, instead of social relationships like its predecessor. So how much is he worth? An estimated $3.5 billion.


 


2. Andrew Mason (31)


 


Worth an estimated $1 billion


 


Andrew Mason is the founder and CEO of the online business Groupon. A site you have all more than likely heard about or used before. Andrew, at the age of just 29 years old was said to be worth an estimated $600 million due to the sites huge success. Founded in 2008, Groupon has been steadily increasing its traffic and it’s income for the grateful founder. The aim of the website is to offer out daily deals to people all over the world via an online coupon service. Each and everyday Groupon releases new “Groupons” to its customers allowing them to receive discounts on anything from Subway meals to laptops and much more. His previous employer gave Andrew in order to start this venture, which has now made them both a lot of money in the few short years it has been up and running. I’m sure we can expect more from him in the near future.


 


3. Matthew Mullenweg (28)


 


Worth an estimated $40 million


 


Its nice to have someone with a simple background in the list. He, like many of us, does not have a degree in any sort of IT discipline, but rather chose the route of Political Science and Philosophy. Matthew Mullenweg is the founding developer of WordPress, a resource a lot of us use on a daily basis. Funnily enough his background is anything but technical, he went to a performing arts school, learned to play the Jazz Saxophone, and then he went on to created one of the best website and blog programs in the world. In 2005 he started the company Automatic, which became the backing force behind WordPress and Akismet.


 


4. Blake Ross (27)


 


Worth an estimated $150 million


 


Blake Ross is an American software developer, known best for his work with Mozilla Firefox. That’s right at the age of 25yrs he has been able to accumulate a total fortune worth $150 million. In 2005 he was nominated for the Wired Magazines top “Rave Award” opposite some very popular names including Larry Page and Jon Stewart. Blake also co-founded the company Parakey that was eventually bought out by, yes you’ve guessed it, Facebook.


 


5. Naveen Selvadurai (30)


 


Worth an estimated $80 million


 


You may not have heard about Naveen but rest assured he is definitely a big hitter. He made most of his money through a joint venture that you may have heard of, Foursquare anyone? However before co-founding Foursquare he had worked extensively with some very well known brands, Nokia, Sun Microsystems and Sony to name a few. $80 million, yes please!


 


The Roodepoort Chamber of Commerce (ROCCI) is one of the biggest Chambers in South Africa, and is comprised of over 100 businesses in the Roodepoort area in Johannesburg. Contact ROCCI on (+27)86 111 3304, send an e-mail for additional information, or visit the ROCCI website to find out more about what is on offer, or how it would benefit you to be a part of this ever-growing inter-business network.


 

Sunday, 19 August 2012

The Challenge of Funding for Young Entrepreneurs


Young entrepreneurs in South Africa play a vital role in boosting the economy and helping to lower the unemployment rate. However, in order to start a business, these young individuals (or groups) must provide capital that covers the initial costs involved in the setup process, such as copyrighting, employment, tools, premises hire, materials, etc. This causes a problem for individuals looking to start small businesses in order to sustain theirs and their families’ livelihood.



 



Capital funding and youth business development programs have been established by various organizations, including the South African government, in an attempt to increase small business growth and sustainability. These programs help fund small business ventures, both short and long term, so that the owners have a better chance of succeeding, without having to first build up enough money for capital.



 



The governments policy on Small Business Development, aimed at developing businesses through skills development, funding and institutional support, allows businesses of all sizes to gain funding and the necessary skill development to become self-sustained. Informal businesses that make up the ‘Survivalist Enterprise’ category, namely those that are generated through necessity from unemployment, incorporate low skill levels and have almost no opportunity for growth can be helped fundamentally by increasing skill levels and providing adequate funding for formal structuring.



 



As part of the Small Business Development initiative, many NGO’s and private sector donors have taken on the task of providing training and funding to businesses in various sectors of the economy. Apart from these organizations, funding is available from banks, provided a detailed business plan and formal request is approved. For these types of loans, there is aid available from various departments and NGO’s that enable inexperienced entrepreneurs to set up the appropriate documentations and procedures.



 



The Roodepoort Chamber of Commerce (ROCCI) is one of the biggest Chambers in South Africa, and is comprised of over 100 businesses in the Roodepoort area in Johannesburg. Contact ROCCI on (+27) 86 111 3304, send an e-mail for additional information, or visit the ROCCI website to find out more about what is on offer, or how it would benefit you to be a part of this ever-growing inter-business network.



  



Written By: Wesley Geyer



Creative Writer for ATKA SA