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An Essential Guide To Being Your Own Boss

Being your own boss can be wonderful, but also difficult. Today we have with us Freddie Figgers, who at 22 became America’s youngest CEO of a telecommunications company. His company ‘Figgers Communication’ manufactures safe cellphones that automatically turn on and off in a moving vehicle. This brilliant entrepreneur will share with us a few tips to being your own boss.

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1. Use to-do lists

To-do lists are an important part of your business as well as other areas of your life. It helps to know exactly what you need to do and focus on those things. If you spend time each day just figuring out what you need to do, you are wasting valuable time. Each night decide what you need to do the next day. You might even benefit from a schedule. Figgers says "at my company I can schedule in breaks as well so that I don't overwhelm myself with tasks. I might want to get a lot done, but I can't work non-stop."

Create a separate to-do list for home and for work. If you use one to-do list for it all, you might find that you are getting more done for the house than for your business Working from home can make it easy to get distracted by the dishes that need to be cleaned, the meals that need to be cooked, and the laundry that needs to be washed. Being your own boss means making your business priority whenever possible.

2. Create a network of like-minded friends

When you're your own boss, it's a good idea to have friends who are also their own bosses This will benefit you in a couple ways You will have friends who inspire and motivate you. It's not a bad idea to make some friends who are more successful than you are so you have someone to look up to and get advice from. You will watch how they conduct their work and their lives. It also helps to have friends who understand what it means to be your own boss Not everyone understands you don't work a 9-5 job. Your job might require late nights and weekends Other friends, family, and even your spouse might not understand that you aren't always free when they are. Having this support system of other self-employed friends will benefit you.

3 Set goals

When you're your own boss, it's important to set goals for your business so you know where you're going and what you want to achieve. If you're a writer, where would you like to be in five years? Do you want to write books or write solely for magazines? If you create your own jewelry, do you want to sell your pieces online or in stores or both? Knowing the answers to these types of questions can help you to set goals and improve your business in the coming months or years You might find it difficult to think five years ahead, so think just one year ahead. Decide where you want to be in one year and figure out what you need to achieve each month to get to that dream.

4.Create a proper work-space

Being your own boss requires a work-space for you to build your business in. If you don't have a lot of space in your home, a corner with a table will do. You don't want to have to drag out all of your supplies every time you want to work and put them away when you're done. Having your own office space, no matter how small, will help you to be organized with your business Make sure that your spouse, children, and for roommates respect your space. No one should take anything from your work-space without asking first and it shouldn't become a dumping ground for random things. People should also respect your time in your work-space and realize that you are working and shouldn't be bothered.

5.Never stop learning

Being your own boss means you'll be learning all the time. You want to stay on top of what's happening in your field and update and improve your skills. If you're new to your business you might have a lot to learn. It might seem overwhelming, but it will be well worth it to improve not only your business, but yourself as well. You don't have to spend a lot of money to learn things. You can read, take free courses online, or watch videos Learning how to manage your finances should be at the top of your list. Money management is not only essential for your business, but for your life.

Being your own boss isn't something you'll be successful at overnight. You will gain these skills little by little.

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