If you have the right aptitude and attitude, you can achieve anything. Yes, it is rightly said by someone. Let your aim be anything, you can achieve it. If you are starting a home based business, this is a sentence which you should always keep in mind. If you have these two, the rest will follow you.There are a lot of opportunities for someone who plans to begin a home based business. But executing the idea successfully is the hardest part. You will have to work hard in the initial stages. Once your business has a good reputation, things will get easier.Here are some ideas which are suitable as a home based job.Web writing or other online based jobs can be a good choice. Since the internet is the fastest growing thing in the world now, you have plenty of opportunities. In the web world, supply is never or par with the demand. So, one can easily choose such a business.If you are a good cook or of you can arrange someone who cooks well, catering business can be very profitable. Take up small orders at first and prove your talent and then opportunities will knock on your door frequently.Wholesale distribution of things could be a fairly good selection for you. If you have a good storage area to store things and a vehicle things will turn out to be easier for you. If you are fond of children and can manage them well, day care jobs will be perfect for you.There are plenty of other businesses too which one can take up. A major thing to consider is that whatever business you choose, think fairly well about the scope of it. Try and choose something different from what already exists in your area. Have faith in yourself.
Multi-Level Marketing As A Home-Based Business – A Lucrative Way To Make Money If You Know How
There are a lot of MLM companies advertising themselves as good home-based businesses on the web nowadays, and most of the reviews that are written rave about a certain company and its promises of wealth beyond your wildest dreams! The sites create the illusion that you are going to amass this great wealth as soon as you join up. Because I am not affiliated with ANY of these companies, I write unbiased, informative reviews on MLM home-based business companies using on as much information as I can find. I read the negative reviews as well as the positive and I try to figure out what’s going on with the negative reviews. I look beyond the buzz and the upbeat music to give you a substantial review that is designed to assist you in your quest for a legitimate company.Review or misconception?There seems to be a key thread with the negative reviews. The writer of the review is frustrated or angry because none of the “claims” about wealth came true instantly. I get the feeling that these reviewers are forgetting to look beyond the glitz and glamour hype that these companies are putting out there. Most companies have extremely upbeat, dynamic, colorful websites with fabulous testimonials about the company’s product and wealth potential. They are trying to get you excited about their company as your home-based business and it tends to work! Even the most cynical consumer out there can be taken in by some of these claims. The fact is, if you do not understand the world of Multi-level marketing, you are not going to understand how they work and whether or not you will be able to make money. I am reading negative reviews about companies, when in actual fact, the reviewer simply didn’t understand the process of creating a “downline” or team of sales people.But Can It Work?Is it possible to make money with an MLM as your home-based business? Of course it is. However, it requires an extreme effort and some market savvy. The success of your product or company will depend solely on your ability to market yourself and the product you are selling. You will need to have the ability to reach thousands (probably more) of potential new prospects. You absolutely,without fail,must have the ability to create a huge “downline” for MLM sales to be lucrative. Can you do this selling to your friends and neighbors and co-workers and family? Nope, you honestly can not. I think this is the over-looked aspect with MLM sales. It is so difficult to earn a living at MLM sales if you don’t know the tricks of the trade. You have to know going into it that the massive downline is how you will make a lucrative income. Unfortunately, if you are not at the top of a multi-level marketing company, you probably aren’t going to be the guy on the website with the Lamborghini, the mansion, the pool and the supermodel. But, you might be able to make a lucrative income with this type of home-based business, if you know how to market yourself and your product.Do Your Homework!Before you make any decisions about joining any MLM company, please be sure you understand the terms and conditions of sales, and develop a game plan for your own home-based business so that you will be a success story. Thoroughly investigate the company before you commit. Read all the reviews, good and bad. Try to get a feel about the reviewers. See if you can determine whether you might have a legitimately a bad business venture or if the reviewer simply didn’t understand that firm’s terms, conditions, compensation plan pay outs, etc, and has decided the company is a “scam.” Always be sure to understand the compensation plan. Familiarize yourself with any terminology you are unfamiliar with. It’s your money, know what you are getting into and know what you can expect back! I can not stress enough to anyone, a home-based business in MLM sales can be quite lucrative, but it is a highly competitive field, fraught with more failures than successes. Will you have what it takes to be successful and beat out your competition?
Home Based Business Opportunities – 10 Best Reasons Why They Can Be Advantageous
Thousands of people have lost their jobs due to the global economic meltdown. Can you imagine the kind of financial pressures that they are going through after losing their jobs? You might ever be one of these unfortunate individuals. If so, then you can understand why this has made many people start searching Google and Yahoo looking to reverse their misfortunes by seeking relief through home based business opportunities.A home based business can only be advantageous and profitable when you put your mind, heart and soul into it. It is very important to identify your own skills so that you can do full justice to the business that you are going to start. Find something that you love doing and that fits your skill level and create a business around those attributes. Doing so can create the magic necessary to yield profitable results. You will need to fully research your proposed business to make sure that there is a potential market for your service or product that you plan to sell. Only then can you really begin to make plans for your new business.What makes a home based business advantageous? Here are a few of the best reasons.1. Freedom – You do not have to report to a boss and you can choose to work in convenient home surrounding. You get to work the way you want, avoiding traffic and daily commuting etc.2. You can make more money – With home based business opportunities, you get the liberty to keep all the money that you earn, with the exception of paying for expenses and taxes. However, keep in mind that as a business owner, you can deduct your business expenses from your taxes. This is not the case with conventional jobs where you will need to wait for your next raise as a result of performance appraisal or salary hike and not every thing associated with your job is tax deductible.3. Low startup costs – Hard work will generally always give good results as long as it is couple with working smart. Hence if you work hard and stay focused, there is no reason for you not to succeed in your business. The capital investment in a home business office is much less than that compared to the costs of setting up a conventional office. With proper planning, you can get started and pursue your dreams for very little startup cash expenditures.4. Unlimited opportunities – When you run a business on your own, you can add additional profit centers to increase your profits, however, remember to conduct a thorough research analysis of each profit center before adding it into your business. Your success will not be hindered by what a normal job supervisor might think, therefore, you will be free to pursue any business opportunity that you want.5. New learning opportunities – When you run a business, you will need to keep updating your knowledge in order to be successful. Your life will never be monotonous like it used to be with your daily work routines in your previous job.6. Tax advantage – Having a home based business will give you an opportunity to save on taxes. You can use a part of your house as your office and claim it as a deduction on your taxes. Plus, as noted above, you can now deduct all of your business expenses from your taxes. However, you will be wise to consult with an Accountant about these issues.7. Creativity – You can let your creativity flow freely without anybody discouraging you. Furthermore, nobody can take the credit for your hard work, like in a normal job.8. Time with family and friends – You get to spend a lot more quality time with your family and friends if you have a home based business.9. You become a leader – When your business grows, you will need to form a team or hire employees. They will look up to you for your expert guidance, supervision and support.10. Professional growth – You get to learn new concepts and business management skills everyday in your business as you take on new responsibilities which you might not have had to do in your previous job.This list of home business ownership benefits is not all inclusive. There are many other benefits that are to numerous to mention in this short article. However, from just the few benefits mentioned above, we can clearly see some of the basic benefits of home based business opportunities.
The Advantages of Online Home Based Business
Ever since the Internet boom in the 90′s, several home based business models have gained in popularity. Nowadays online home based business is rapidly gaining popularity, either for full time or part time work. People from all over the world are engaging in this kind of business with the aim of earning money. In this article I am going to share with you the advantages that online home based business can provide.1. Availability of training for online marketing – Having instant access to training for online marketing is one of the best things about running an online home based business. You can learn how to drive traffic to your website online. Setting up appointments and attending live trainings is very simple now because all you have to do is get to your computer and access the Internet.2. The luxury of staying at home – You can run your own business at the convenience of your own home. You do not need to go out and fight traffic or commute to work, you can just get online for your business.3. Direct selling have become a home based business – In the past years, direct selling were run where you will go to people’s house to sell your product. Nowadays, a lot of direct selling companies provide software that will allow its members to just stay at home and set up an online business. Direct selling has never been this convenient.4. Advertise or sell digitally made product information – You can sell product information that are digital. There are websites that offer affiliate program for digital product information, and you can get commission out of it. Joining this type of program will give you an access to electronic books that you can sell and make money out of it.5. Sell physical products by joining affiliate programs – In the home business industry, you can find a lot of free affiliate programs that you can join and will give you access to it product to sell. Everything is done online including the shipment and inventory.There are a lot more advantages that online home based business has to offer and the ones I’ve mentioned are just a few of them. Start thinking of running a successful business right from the comfort of your own home and start earning money.
Successful Marketing for Home Based Businesses
‘A successful marketing strategy is not based on doing what you like but liking what you do…’Are you looking for information to build and grow a home-based business? If so, you are in the right place! Here you will find information on implementing a successful marketing campaign and growing your home based business.The ProblemMany home-based business owners don’t know how to best market their businesses. Some ignore marketing altogether, hoping that customers or website visitors will appear out of thin air. Others market in a scattershot way producing untargeted traffic or unqualified prospects. Either approach will keep you from achieving your business potential and reaching your financial goals and possibly even damage your reputation.The SolutionWhether you’ve been thinking about starting a home business or you’re already a seasoned home-based business owner, the principle remains the same. Your business’ survival and success rests on how effectively you market your business or product. Examine some of the following marketing strategies and tools to help you boost your home based business profits.Home-Based Business AdvantageLow overhead costs, no commute to work and the ability to work around your children are some of the few advantages for home based business owners. Gear your marketing efforts to capitalize on these and other home-based strengths including:Adaptability – Information Technology has escalated the rate of change in the marketplace. To survive and thrive, you must be prepared to act, and act quickly. As a home-based business owner, you can make adjustments instantly, without having to cut through the red tape of bureaucratic decision-making procedures common in larger businesses.Technology – Computers, the Internet, PDA’s, and other emerging technologies can take home based businesses to a more level playing field with bigger companies, empowering home based business owners to accomplish tasks that used to require hiring staff to perform. Try to keep up-to-speed with technology.Flexibility. – Unlike traditional businesses that require full-time attention and high overhead costs, home based businesses can be operated part-time, at low cost, and depending on your financial goals can be phased into full-time operations.Taking Your Business To The Next LevelA common reason home businesses fail is because owners neglect the up-front planning needed to position their ventures. Once you have defined your market position and where you want to take your business in the 12 months you will have moved one step closer to success.If you already have a business begin by taking inventory of where your business is right now. What specific goods and services do you provide? How do you set yourself apart? What is your business’ reputation? How are you perceived by your customers or clients as far as your prices, reliability, and other elements of your products or services?The next step is to project where you want to take your business in the 12 months. What market position do you want to occupy? Is the niche market you want large enough? How will your benefits outsell those provided by the competition? Do you have the ability, capital, resources and support to make your market position a reality? Your answers will give you the information you need to begin designing or updating your marketing plan.Planning AheadOnce you have determined where you want to go, outline the essential steps to get there. Begin by writing a one sentence purpose (mission) statement for your marketing campaign. The rest of your plan should include a brief description of each of the following:Benefits of your products and services.Your target market.What marketing tools will best help you achieve your mission.Your market niche. What sets you apart in the market place.Your marketing budget.Keep your marketing plan brief. The more concise you make your marketing plan, the more effective it will be in evaluating your marketing efforts.Finding Your NicheThis is often the hardest task for a beginning home-based business owner but also one of the most crucial. In order for your venture to survive in a competitive marketplace, you must distinguish yourself from other businesses and find a niche. What makes your business unique? Why should someone choose to buy from you over a competitor? Prospective clients want to know. If you can give them a compelling answer, you will position yourself as a leader in your industry boosting your profit potential. Research your market thoroughly before jumping in.Marketing ToolsNo matter how you choose to publicize your business, one quality will set you apart from your competitors: The ability to write effective ad copy. You’re vying for the attention of consumers bombarded each day with advertisements. It is estimated that the average person is exposed to over 1,200 advertising messages per DAY! Make sure your advertisement stands out from the rest of this ‘noise’.When you have determined your market position and drawn up a marketing plan you are ready to start spreading the word about your products and services. One effective way is using the existing offline media in your area. You have a variety of media choices depending upon your target market and your advertising budget including magazines, newspapers, television, radio, and the internet. Start by evaluating how and where your competitors advertise. What’s working for them? Take their best ideas; then design your own winning layout, positioning yourself as having the best offer.The Importance of HeadlinesAs the first phrases seen in advertising copy, headlines should arouse enough interest in the reader so that they will want to read or listen on to learn more about your business or product. To get ideas about what headlines will work best for you, scan different types of ad copy, particularly those from your competitors. Create a swipe file of different ads and ideas that you come across from different sources. But remember to be careful of using other peoples copyrighted material.Capture your customer’s interest with a compelling statement of offerHighlight the most important benefitsOffer extreme valueMake a call strong call to action.Testing Your AdsAdvertising can be expensive, but for just about any business a mandatory investment. To get the most out of your ads, test them by the following criteria:What is the quantity of leads or prospects that the ad generates? Compare this amount in terms of a unit cost of advertising (dollars in advertising per leads generated).How many of these leads convert into sales? Different advertising media due to the audiences they target will vary in the numbers of actual closes.Continually check the response from your ads, make changes or run a new ad if necessary. Use ad trackers and keep testing, testing testing until you achieve the response required.Internet MarketingImagine! You can have a salesperson working for you 24 hours a day, seven days a week even while you sleep. A web site and effective use of e-mail marketing can turn your small home-based business into a global business putting you on a level playing field with large corporations. With easy and afforbable web design tools getting a web site up and running is within reach of everybody.Sell Benefits Not Features!Any seasoned business owner knows that it costs five times more to sell to a new prospect than to an existing client. Studies show that each satisfied customer will spread the good word about your business to at least one other person. On the reverse side of the coin a dissatisfied customer will complain to up to five or ten potential customers. Your mission in getting customer referrals to turn passive satisfied customers into actively enthusiastic supporters who will promote your business. The best way to do this is through:Offering outstanding value to your customersDelivering your product on time.Solving customer’s problems.Maintaining regular contact with customers through feedback formsFollowing up your customers regularly.Creating long-term relationships with customers.Personalising your product or service.Finally…Whether you’re just launching your home based business or have been building one for years, don’t allow lack of information keep you from achieving your financial dreams. Study your marketing options and decide which marketing strategy will best position you for long-term success.Declan O’Reilly
Legal Outsourcing and the Global Financial Crisis
Last week I was having lunch with a friend who is Assistant General Counsel for a Fortune 100 company. We were chatting about our lives and families, when he began to ask me about legal outsourcing. Although my involvement in the legal outsourcing industry was not a secret, my friend had shown no previous inclination to discuss the outsourcing of any legal work by his corporate employer. In fact, he had assured me earlier that the General Counsel was unlikely to have any interest. But that, he said, was BEFORE he received a memo one day earlier that no one in the legal department should incur any expense for travel or CLE or and other discretionary matter. The recessionary screws were clearly tightening.
Forrester Research, Inc. has opined that legal outsourcing, still a nascent industry kept at arms’ length by many in the legal profession, will grow to a $4 billion industry by 2015. Nonetheless, as one managing partner of a top national law firm told me, “The management committee has no appetite for legal outsourcing.” No appetite? It would be surprising if partners in major law firms, many earning high six figure annual incomes, would have an appetite for anything but the status quo. Why change a good thing for something as uncertain and threateningly perceived as legal outsourcing?
Financial Times reported in January 2007 that corporate legal bills soared 20% in 2006 with “outside lawyers now accounting for 65% of corporate legal spending by large firms, compared with 42% in 2001.” The status quo means more of the same—ever rising legal fees. With new lawyers from the top tier law schools commanding $160,000 to $175,000 per year directly out of law school, legal fees must rise. The total first year costs to law firms bringing on these top lawyers now likely exceeds $250,000. Clients of those law firms have always obliged and paid the fare. But, the times are changing as law firm clients become more discerning. Clients are beginning to understand that certain legal tasks are “chore” in nature and need not be performed by a Harvard or Yale law graduate at a $200 to $400 hourly billing rate. Other legal assignments require more sophisticated analysis and should not be sent offshore. Increasingly clients are unwilling to accept the billing rate of $300 or $400 per hour for a document review that can be competently completed by lawyers in India for a fraction of the cost.
The legal profession painfully accepts change. Although Bates v. Arizona, the U.S. Supreme Court case decision permitting lawyers to advertise, was decided in 1977, it took the profession more than a decade to accept the reality of legal advertising. Some still officially reject legal advertising, but almost all law firms now engage in some form of marketing and self-promotion that was unthinkable only 30 years ago. Likewise, sending legal work offshore is gaining in acceptance. In August 2008 the American Bar Association issued an ethics opinion proclaiming the outsourcing trend as “a salutary one for our globalized economy.” Law firm clients are embracing the trend as one borne of reason and necessity. Lawyers, having a duty to act in the best interests of their clients, will, in time, accept selective outsourcing as a process that can be beneficial not only to clients but to the law firms serving them as well.
8 Ways the Government Can Help Your Small Business
The government may seem indifferent to the needs of small businesses, as it rolls along spending like there’s no tomorrow while small banks and businesses struggle to just keep up. There are some ways that the government can help, however, and here are a few of the top sites to look for guidance on everything from business plans to building plans.
1) The granddaddy of them all, the Small Business Association, offers general advice about starting a business, along with counseling, mentoring, SCORE teams, and how to apply for loans, government contracts, and disaster assistance. Go to sba(dot)gov for a long list of articles aimed at answering questions for new or aspiring entrepreneurs.
2) From the Department of the Treasury, to the United States Department of Agriculture, just about every agency has a program embracing small business. Many have the Small and Disadvantaged Business Utilization link, along with other service provisions, but pick an agency, and find out what they have to offer small business. The Department of the Treasury offers information on things like State Small Business Credit Initiative information and Small Business Lending Fund.
3) The Federal Business Opportunities site at fbo(dot)gov claims over 25,800 listings of opportunities to do business with the federal government. No matter what business you are in, it is likely that the government spends money in that sector.
4) If you have product to sell, and want to try to sell it overseas, check out the export dot gov site, where export related information such as trade leads and export counseling can help you open up a whole new market.
5) At business.usa(dot)gov you will find a broad range of business topics under one umbrella, from starting, financing, and growing a business, to learning about taxes and credits, beginning or expanding exports, and learning about veterans opportunities or health care changes.
6) At the Small Business Innovation Research and Small Business Technology Transfer site, you will find resources for applicants, investors, and agencies, connecting small businesses that wish to do research and development work for the government with products that have commercial value. Go to sbir.gov/about/about-sbir to learn which agencies are participating, and how to engage in the three-phase program. Statistics on the site point to over 15,000 firms receiving $21 billion for research and development projects, awarded seven patents each day through the work of 400,000 scientists and engineers.
7) What to do with all of that excess stuff. With its own garage and attic full of things they do not want or need, this site is the gBay of the United States, offering government goods at auction. If your business needs equipment, you just might find it here, and might get a good deal on it as well. govsales.gov/html/about-us.html features different items at any given time, but often has computers, boats, cars, office equipment, jewelry, homes, and land listed on its auction site.
How To Succeed At Online Product Creation The Easy Way
Product creation could be a frightening subject for a lot of Internet marketers to face. Some folks who get in the game with the intention of making a full time income are completely ignorant as to how an online business operates. One of the most profitable ways to create online cash is by creating a product that others are happy to pay for.
Product creation is legitimate method of generating money through internet marketing but many entrepreneurs get it wrong. They start by imitating their Internet marketing gurus by creating information products on Internet marketing in hopes of getting rich the way their heroes did. The problem is that they usually don’t know what they are doing and enter a highly competitive niche with very little marketing experience or connections.
Here are a few tips for effective product creation that may help you get on the right track:
Start by finding a profitable niche with low to moderate competition. If you conduct some rudimentary market research and keyword research, you’ll find many opportunities in areas that will surprise you. Amazon and eBay are two great places to brainstorm for product ideas.
Developing Your Product does not have to be a difficult project. You can find experts in the right field for your niche and pay them to write the material while an artist designs the packaging and website or blog. You can outsource the entire product creation part of the project after you conduct the research and testing to ensure profitability.
Sales and marketing strategies should be created while developing the product and learning about the market. Some experienced marketers use pay per click to drive traffic to their offer page; some folks outsource the entire marketing campaign to affiliates through ClickBank or other affiliate programs.
Product creation does not need to be hard, particularly when the merchandise is electronic. E-books, videos, audio and multi-media products sell very well. They are distributed immediately to customers electronically. Once you have a good feel for a niche market, try to service your customers with associated products and upgrades. If you want to earn money online through product creation, you must understand supply and demand. The majority of new online marketers fail miserably because they go after highly competitive markets or forget to research their chosen niche properly. You have to create your products according to the needs, wants and desires of the prospective customers.
Information Product Creation: Never Compete on Price Because There Is Only One You
Information product creation requires extensive preparation, no matter which niche you work within and you want to make sure that your information product has a successful launch. That probably sounds scary and intimidating but here’s the thing: this is a one time effort and it will pay off in a foundation that is strong enough to get your ideal clients to invest in your high-end programs and services without the perils of a traditional funnel. This article will teach you a few of the things that you need to remember if you’d like to invest in yourself and start on the information product creation path using your unique talents and abilities. Remember that you never have to worry about anyone ripping off your ideas because if you understand how to properly position yourself around your story.
Understand Both Strengths and Weaknesses: It is good to have an impartial view of your own strengths and weaknesses when lay the foundation of selling yourself within the information product creation process. It helps you figure out where you are, what you lack and how to move forward so that you get as much growth as possible. It is more than important, it is urgent if you want to create fast success for yourself to have personal positive reinforcement and deep belief to provide yourself the support you need so that you can get over your own limitations to ensure that your information product is as valuable as it can be.
You also need to know exactly who your competition is so you can study them and use their methods to help you improve your own standings. Down recreate the wheel, but understand the wheel and position yourself going uphill from the competition. Check out which kinds of opportunities you’ve already got and try to figure out how best to use them while taking care to remember your strengths and weaknesses. This is a great way to figure out where you stand against your competition which helps you figure out how best to grow.
Launch on Time: No matter what, even if you haven’t officially announced your “launch date” you should launch the site when you’ve said you would. This will force you to stick to your goal and actually work on it. Thinking that “I’ll launch it when I think it’s ready to launch” will only hinder your efforts. You’ve got a responsibility that you need to live up to with your launch, and you can’t move back on that one. If you get close to your launch date and you are getting hung up on your self limiting beliefs in your information product creation, don’t worry this about getting it out there and not perfection. As long as it is usable you should launch it. Launching on time is the professional thing to do and it is more important than creating a “wow” effect in your site visitors. You can always update/upgrade your website when you have to, so there shouldn’t be any issue with that.
Analyze Your Own Concept: If you want to make your information product creation successful you need to understand how good your concept is: is it really going to work for your chosen audience or would something else be better? You already know about your competition; how does your concept measure up? If you haven’t come up with your own idea and are trying to work with someone else’s concept, do some more work on your own before your launch. People want original ideas because they’ve seen too many other me-too websites already.
Test Your Concept Before You Commit To The Information Product Creation Process: One of the biggest failures people have with information product creation is not testing an idea before putting a lot of effort into producing an information product. PPC to a small 5 page site with a landing page is a great way to test an offer before you even produce it. If people will sign up to get it, you can be sure that you can create an information product that will target eliminating the pain of your target market. The small amount of money will be invaluable in using crowd sourcing to direct the final outline of the information product creation process.
You’ll have lots of hurdles to clear after the launch of your information product and the only way to truly take care of them is to follow the advice in this article to work smarter. Plenty of people work hard, but it is the ones who work smarter who make real money online with the information product creation business model.
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.