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LEARN HOW TO START, RUN, OR GROW YOUR CREDIT REPAIR BUSINESS

Checklist: How to Run a Credit Repair Business from Home

By: Keenan Jones February 04, 2019

credit repair business owner

Running a business at home is a liberating accomplishment, but without special attention to detail, your business–and cash flow–can grind to a halt. In order to successfully run your at-home credit repair business, you must possess the skills, tools, and strategies to grow your credit repair venture into a prosperous endeavor.

Here are five areas to focus on when running a credit repair business from home:

1. Design Your Workspace

A home office needs to be just that, a place of work within your home. The most successful at-home credit repair companies draw a firm line between their personal and professional space. Whether your office is a dedicated room or a section within your house, make sure you follow these basic design principles to maximize productivity and separate yourself from personal distractions:

  • Eliminate items unrelated to work like books, bills, or household to-do lists from your workspace to encourage streamlined focus

  • Ensure your space is ergonomic so you’re comfortable throughout the day

  • Keep your space organized to eliminate the urge to wander or clean throughout the workday

  • Avoid turning your bedroom into a workspace: According to Harvard Research the bedroom should be a work-free space for positive sleep health

  • Find a space with light exposure: Researchers at Northwestern University found that workers who have more white light exposure sleep better each night and enjoy a better overall quality of life

 

A dedicated and well-designed workspace allows you to seamlessly pivot between “home mode” and “work mode” each day, even if you never leave your house.

2. Create a Set of Rules

Just because you’re working from home doesn’t mean you shouldn’t establish office rules. In a typical 9-to-5 job, your boss likely governed details like your start time, dress code, or amount of time you can take off. While part of becoming a proprietor frees you from following someone else’s idea of how a business should operate, you should still create guidelines that push you each day and clarify expectations for others who may inhabit your office space.

For instance:

  • Create “office hours” and hold yourself accountable for working within those set times

  • Limit visiting times and interruptions: Let anyone inside your home know that when you’re working, you need your space and set rules around necessary interruptions

  • Instill a “no social media” policy so you can concentrate on work while you’re in the office

  • Dress for success every day: Even when you work from home, your clothes can have a direct impact on your performance, so dress like the business owner you are

A structured daily routine can make you more productive by eliminating distractions and keeping your mind on the task at hand — growing your new business.

3. Give Yourself the Tools to Succeed

Being your own boss means that you’re responsible for the technology, tools, and training that progress your success. To run a productive at-home credit repair business you must invest in yourself. Consider the following necessities for having a well-functioning at-home office:

  • Internet connection: We recommend a business-level SLA to ensure you can work without pesky connectivity interruptions (get in-depth SLA information here)

  • Reliable computer: In a digital world, work can’t be done effectively without a dependable computer, which likely holds documents and programs needed to complete your job

  • Business voicemail: Though it sounds rudimentary, 75 percent of business calls are not intercepted on the first try, so setting up a professional voicemail is key to establishing credibility and exceptional customer service

  • Credit repair business software: software designed to launch and grow credit repair businesses will help automate and organize your tasks for fast scalability

 

Check out Credit Repair Cloud’s software walkthrough for more information about how credit repair business software can help you succeed.

4. Adopt an Entrepreneurial Mindset

Entrepreneurs think differently than employees. To start, entrepreneurs don’t think of their days by a block of scheduled hours, but by accomplishments that push them closer to an overarching goal. So, rather than measuring your business success by the amount of time you put in each day, track your productivity through goals:

 

  • How many clients do you want to contact each day?

  • What number of dispute letters should you send each month?

  • What are your monthly revenue goals?

Remember, you get back what you put into your new business endeavor. The more effort you put forth now, the larger rewards you’ll reap in the end. Read the stories of credit repair specialists who have been inducted into the Credit Repair Cloud Millionaire’s Club to learn how they’ve honed their goals to reach unprecedented success.

Learn more about the secret to running a successful credit repair business in The Ultimate  Guide to Starting a Credit Repair Business.

5. Stay Active

how to start a credit repair business-4

The idea of working from home is often a point of envy for office workers, but the luxury of eliminating a commute and working for yourself can also increase isolation. Working from home can lead to longer working hours and decreased time outside of the home. The tendency to become a hermit can lead to a host of health issues like weight gain and increased stress as well as depression or lack of motivation from too few social interactions.

To ward off these negative implications, it’s important to carve out time for daily activity as you craft your business plan and goals. You can:

  • Commit to lunchtime walks

  • Take your laptop to a cafe for a few hours on slow days

  • Squeeze in mid-day exercise breaks

  • Set a timer, or download an app that reminds you to move around every hour and stretch

Remaining healthy will improve your mental and physical health allowing you to enjoy your at-home work arrangement for years to come.

Final Tip

As a first-time business owner, you may feel pressure to tackle every task immediately. Remember, Rome wasn’t built in a day. It’s OK to pace yourself to mitigate burnout. Also, remind yourself that mistakes are bound to happen as you grow your credit repair business. Take time to reflect on your lessons learned and continue to press forward with new insights.

Learn more tricks about running your at-home credit repair business with our live web training today.

how to start a profitable credit repair business

 

Topics: BUSINESS, CREDIT REPAIR, CREDIT REPAIR TRAINING

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