Home Based Business Resilience Part 2

In formulating Home Based Business preparedness and contingency plans, home based business entrepreneurs’ need to consider the various external agencies objectives and aims, seeking guidance and advice therein to help them maintain their operational integrity and home based business resilience. This is only achievable through effective engagement, collaboration, cooperation and/or empowerment that bring about mutually beneficial outcomes, healthier competition and the maximisation of profits.

Home Based Business Resilience Platforms:

As the private home based business, sector continues to grow and the larger public enterprises, agencies and organisations relinquish some of their traditional roles. Home Based Businesses although privately owned, their owners and entrepreneurial practitioners need to develop the ability to plan, organise and manage for the contingent events they might face from a much broader range of threats.

Home based business have to continually consult with the relevant external agencies and organisations in planning for these contingent events whilst ensuring that their preparedness and contingency plans are developed in cooperation in order to ensure cohesive and effective response to contingent events.

Moreover, there are other groupings and elements that home based businesses should engage with or are either part of a wider interest or pressure group, whose activities tend to influence home based business operations. These groups need to be proactively monitored, consulted. Their cooperation should be sort in the formulation of any robust home based business resilience plans, platforms and mandates. These would include but not limited to the following:

Home Based Business Resilience Mandate:

Any relevant trade association for their respective professional industry where its members provide at least over 70% products and services and adhere to strict quality standards (by turnover) including the manufacture, distribution and installation of equipment and the provision of referral and consultancy services.

As the voice of the home based businesses, mission is to mentor and support its members and encourage excellence; educate the marketplace on the value of quality and professional products and services; and create an atmosphere in which our members can flourish. Home Based Businesses would greatly benefit from such membership.

Establishment of Home Based Business Resilience mandates to enable individual members to obtain guidance and support from fellow home based business resilience professional practitioners. To promote the highest standards of professional competence and commercial ethics in the provision and maintenance of home based businesses resilience in terms of preparedness and contingency planning services.

Home Based Business Resilience is a vital part of the ever-growing home based business industry. Making resilience part of the way that they run their business, rather than having to ‘firefight’ any contingent event will help prepare home based businesses to offer ‘business as usual’ in the quickest possible time.

With a planned home based business resilience strategy, all home based business owners, professionals, mums, customers and suppliers are reassured that they have an effective system and practice for managing the unexpected, helping build overall confidence in home based business industry.

Mentorship from the Home Based Business Resilience Networks such as i2c Network for The Resilient Entrepreneur would play a huge role in ensuring that home based businesses’ puts their best foot forward in developing home based business resilience systems that home based business entrepreneurs’ could cross promote as a value added services to current and potential clients.

The Home Based Business Resilience i2c Network provides platforms that address the issue of professionalism for home based business resilience segment. It has platforms and mandates designed to engage, enhance and empower home based business entrepreneurial management experience, academic qualifications, vocational qualifications skills and contributions to the home based business profession. The network establishes a professional springboard, which will validate and approve applications made by individuals seeking to attain build relevant home based business resilience competence and capabilities.

Other special home based businesses interest groups are invited and encouraged to get involved to streamline validation and approval pertinent home based business resilience skill sets.

There have been numerous complaints that the home based business professionals are not engaging other practitioners in developing robust home based business resilience plans, platforms and mandates. In that light i2c Network envisages setting up the first home based business resilience entrepreneurial stakeholder engagement strategy from February 2012…coming soon!

‘…stay tuned to more from i2c Network for The Resilient Entrepreneurs on how to Build Resilient Home Based Business and Small-Medium Enterprises.’

in the meantime start building core resilient entrepreneurial competences NOW!

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