The top reason that people begin their own online consulting practice is to increase their income. The problem that many people face is that they begin their business without realizing how much they really can earn and how long it will take them to achieve their income goals. They are overconfident when they start their online consulting practice and they think that they can just work whenever they want. If you are reading this article, you probably fall into this same trap. Unfortunately, many online consultants fall victim to this thinking pattern.
When you work from home, you have a lot more freedom. You can choose your hours, you can take time off whenever you feel like it, and you can schedule your work around your life. This gives people a lot of freedom but it also leads to serious income problems because people spend so much time at home working. This is known as the “workaway community” and it has many disadvantages.
Most of the people who work away from their homes fail to earn the income that they desire. Their hours are too long, they spend too much time on the computer, and they rarely take personal time off. This means that they are often working ten or twelve hour days and barely see any action or results from all that hard work. Before you take my consulting practice seriously, you need to be willing to cut your hours and take the necessary personal time off.
Then, it is important for you to realize that you cannot take on too many clients. Yes, it is possible to take on a lot of clients, but this does not mean that you can take on as many as you can handle. If you take on too many clients, you will burn out and not get any new work. Instead, you should be able to take on one client a month at the absolute most. It sounds simple but it is not as easy as it sounds.
After you have burned off the excess work, then it is time for you to start thinking about how much work you actually need to do. It is important for you to know this because if you know that you are overdoing it, you will not be motivated enough to continue. Also, you do not want to work yourself to death because you are too tired.
Another reason why you should not take my consulting practice lightly is because of taxes. Some people do not care and think that the money is going to come in handy anyway. However, as soon as the money comes in, they start to worry about taxes and about where the money is going to go. Instead of taking this lightly, you should take this seriously. You have to remember that you might not be able to pay all the taxes on time and this could put you in a serious financial crisis.
Finally, if you want to take my consulting practice lightly, you should be able to have flexibility with your hours. It is possible to work these hours with your kids and your wife. Of course, you should always be available for business. When you take this approach, you will also see that you are more satisfied with the work. Also, you will find that you enjoy your job and you will always be eager to get to work each and every day.
