They say that experience is the best teacher. How many times have I heard that you need experience to be successful in network marketing and the home based business industry? So many people start with good intentions but experience tells me that once they get in the game they usually drop the ball just before the finish line. Then they are off to another game to start all over again.Experience in network marketing and the home based business industry is what you get when you get what you don’t want. Most people want to become successful when they start network marketing and have passion about the product or service they are going to offer people. They can’t understand why everyone they know doesn’t see it the way they do and struggle with recruiting and finding customers for their products.They become experienced by getting what they don’t want and they learn by doing what doesn’t work. How many times in your network marketing company have you heard to make up a list of all of your friends and family who you think would want to start a home business or who you can tell about your network marketing home based business? We all know that experience tells us that your friends and family won’t join you in your network marketing business. What about when you are just starting out? How are you going to get the experience you need in your home business if you don’t start telling people about your network marketing company?Network marketing is about bringing people together and your experience is something that can be good or bad depending on how you are marketing your home business. Some people have a great warm market and will follow you into the gates of hell just because you said there is a prize just beyond the horizon. That is your warm market of people who like you, trust you and more importantly believe in you. Well how do you get those people to do that? Your experience at success must be demonstrated to those who are going to fork over their cash and become part of your network marketing home business organization.Sometimes when you find someone who joins your home based business you want to give him or her all of your experience so they don’t make the same mistakes you do. There are those that will embrace this approach and others who just want to know what to do. I find the ones who just want me to tell them what to do never take the time to bring their own experience into the network marketing home business and just want the easy way to become a success. Well there is no easy way to become a success in network marketing unless you gain the experience of failure or at least the experience of hitting the ground and scrapping up your knees so to say.Working from home in a home business using the network marketing business model can be a challenge at times but the rewards are great. You know, when launching the space shuttle most of the energy it takes to get the rocket off the ground is at the start of the lift off. What would happen if NASA decided that it should stop the momentum of the ship and shut down the engines just as the rocket starting lifting off? For most people in the home based network marketing business that is something that they usually experience.They shut down the engines just before lift off and move to another company that promises less resistance at lift off. The truth is each company has the same challenges at the beginning when launching. If you want to reap the rewards of working from home in your own home based business then be prepared to put all of your effort into the take off because as your ship gains momentum, the amount of effort to get into outer space becomes less and less until you are floating effortlessly amongst the stars.
3 Fundamental Principles About MLM Home-Based Business
Multilevel marketing or MLM home-based business is a very fast and effective way to generate income. Startup costs are low, ranging from around $50 to $2,000, and the investment costs are spread out in the form of monthly product purchase requirements.Delivery and customer service is usually managed by the company and the distributor only has to take care of the marketing aspect. For these reasons, MLM home-based businesses are sometimes called “micro-franchising.”Many of the basic requirements for business success in an MLM home-based business are the same as in other home based businesses. Its principles are generic and they can be applied to any home business. This entails the use of office tools, book keeping, contact and time management, personal development and others. If these are not met, failure is the usual result.Here are three things that you should remember to avoid failure in your home-based business.1. You have to position yourself as an expert in your niche towards your targeted audience.This only means that you would have to identify the target market, the people who are specifically looking for the benefits and the solutions that your product or service provides. Within your market, you will then position yourself as a known expert. You can do this easily for product related advantages and you only have to be a bit ahead of your prospects.2. Deliver that compelling message to a huge number of prospects.Based on your position being an expert, you would have to make a compelling benefit message to your targeted market which will force your prospects to buy from you and not from someone else. Make use of as much communication media as you can. Example, with the use of the phone and the Internet, you can deliver your marketing message with minimal cost to thousands of prospects worldwide.3. Invite a direct response to your message and follow up on the people who are affirmative in their response.This is known as direct response marketing, the only affordable and highly effective marketing strategy for small businesses. Immediate follow-up with a proven sales process will ensure that a high percentage of your prospects will actually buy from you.To sum it up, every successful MLM program has to include 3 elements in positioning, message to the market and also direct response marketing. They are the tools you use for building a profitable marketing campaign for your products resulting into a successful MLM home based business. These will allow your business to be a guaranteed success.
How to Create a Profitable Home Based Business Online – Home Business Opportunity
I am going to give you the steps I used to begin my online, home based business and it will take you less than an hour (being realistic). It’s so easy!1. Find a niche market you are interested in which you know has hungry buyers. Use Google AdWords Keyword Tool to find top keywords that you can base your site content on.2. Buy a domain name and hosting for less than $20 – I find the best value for a domain name is GoDaddy (coupons are available if you Google them) and Hostgator as a hosting provider (I recommend their ‘Baby’ package) for new home based businesses.3. The hosting provider will email you nameservers which you will need to change in your domain account settings. This means your blog will appear when you type in your domain to the browser.4. Create a WordPress blog which will be uploaded to your server. The reason I use WordPress is that it is incredibly flexible for getting top ranks in search engines and easy to update. They are also a great trust builder, so make sure you add some affiliate products for you to gain healthy commissions from buyers.5. Change the nameservers in your domain account for your home based business domain.6. For the topic which your blog relates to, you want to write articles or have them written. This really isn’t as hard as you may think as there is so much material out there already (just don’t duplicate other peoples content).7. Submit these first to EzineArticles (EZA) as they always rank best. Once approved, you can then create variations of the articles and submit to other article directories but in the resource box, always create an anchor text link pointing back (backlinks) to your main site. As you create more articles and backlinks, your site will rank higher and traffic should flood in.8. By now you should be making nice commissions from your home based business and people should be loving your blog, as you are feeding them with valuable information. Take advantage of this and offer a free report in exchange for their email address. You can do this by signing up to Aweber for an autoresponder. If people want your report they will opt in, submitting their name and email address. Once you build a list, you can promote other affiliate products and make even MORE money.9. Promotion is the key to any business success but the great thing about home based businesses is that you should only need to work at most 3 hours per day! It sure does beat 9 – 5! At your own will just keep submitting articles, bookmark your content at social media sites and promote in related niche blogs and forums.10. It really is that easy to start a home based business. Create a blog that sells affiliate products, promote the main blog page using articles and social bookmarking, then once the traffic starts to flood in, the blog will rank higher and higher, meaning more money!The most commissions come from being extremely targeted in the market you want to approach. So if you enter the body building niche, stick with that and do not sell products on how to spice up a relationship. People search online for specific things, so keep your blog specific to what you are trying to promote.
Selecting the Right Home Based Business
Picking the right home based business is more than just finding the one that seems to offer the most company stability. There are quite a few factors that go into selecting a home based business and none of them should be taken lightly.First, don’t focus so much on finding the perfect home business or network marketing company to join. The trick lies in finding the best match for you. You should never go with a company that you aren’t sold on because you think it has the best compensation plan or the best potential income. You’ll burn out quickly and never be as successful as you could be if you took the time, from the beginning, to find a product you believe in and can really get fired up about.What are the keys to finding the perfect home based business?Viable ProductsCompanies that do not offer viable products are companies that are out to take advantage of others. You do not want to be associated with or have your good name associated with these types of home based businesses. A viable product or service is the first thing to look for in any type of MLM or network marketing organization.Of course you want a little more than merely viable products. You want products that you feel will change lives, inspire people, make the world (or the people in it) beautiful, or simply make people happy or more productive. Regardless of which, the product needs to be a real product that people can use and that has value.You want a product you can really believe in and feel inspired to share with everyone you come in contact with. That is infinitely better than the average product that many companies offer. A viable product and a product that you believe in will make you not only happy but also make you more financially successful. It does this because you can maintain your commitment and enthusiasm when you believe in your products or services.Company StabilityThe stability of a company is important but don’t let that talk you out of joining new or emerging network marketing companies. The truth of the matter is that as long as there is a solid business foundation in place, competent leadership within the company and the specific organization or branch of the company you happen to be joining, and a solid product, there is no reason that even new businesses can’t achieve great things. Getting in on the ground floor can be exciting and very rewarding.However, it is a wise course of action to do a little bit of homework about the company’s founders and the science behind the products being created. You don’t want to stand behind a product that you don’t understand. In addition, it’s never a bad idea to do a little investigating to find out as much as you can about any company you plan to join. You’d probably do no less with a brick and mortar business venture.Company stability is about a lot more than just how long the company has been in business. A few questions you want to ask include:• Can the company deliver the products and services sold?
•Does the company have a good reputation in the MLM community? How about its leaders?
• Is there any bad press about the company now or has there been in the past?
• Is the company in good standing with the Better Business Bureau?
• Where are the products manufactured and/or shipped from?
• Can the company make payroll?
• How well does the company treat the people who are building it?Don’t simply talk to the people who are trying to recruit you to join the company. Try finding those who have been in the company and left. Find out what they have to say about the company and its stability. After your investigation, draw your own conclusions from the good, the bad, and the indifferent points of view you may have heard.Compensation PlanThis is an important factor when you are considering joining a business venture of any kind. You need to know how, when, and why you get paid. You need to be able to understand this clearly. Some MLM companies have compensation plans that are so convoluted you need a personal accountant to sort it all out.Ask yourself these questions as you do your initial research:•Do I understand the compensation plan?
•Can I explain the compensation plan to someone else?
•Do I believe the compensation plan is generous enough?
•How long will it take to reach the next level of the compensation plan?The ability to quickly climb the ladder of bigger commissions and payouts is one that will help you maintain your motivation and reach new heights in your business but it’s all a moot point if you don’t understand the plan yourself or can’t explain itto potential business partners. We all know how frustrating it is to put in long hours for pennies so make sure you find a compensation plan that is generous enough to make your dedication profitable.Residual IncomeThe final thing that is the icing on the cake in a great home -based business is residual income. This is the one thing that makes all your efforts today pay off tomorrow and for many tomorrows to come. Residual income is making money off efforts of the past, whether those are your efforts or the efforts of others in your organization.Wouldn’t you like to be able to make a tiny percentage of the money that is earned from the efforts of 10, 100, or even a 1,000 other people? Can you imagine what that will do to your bottom line month after month? How about if that amount grows with time, attention, and growth within your company and organization? Residual income makes all that and more possible.Keep these four factors in mind as you look for the perfect home based business to meet your needs and you will be sure to find the perfect business for you – a home -based business you can believe in and be excited about!
How to Have a Successful Home Based Business
Perhaps you’re flirting with the idea to leave your job and start your own business, and if your anything like me you would have investigated all sorts of opportunities. I did for months. I looked at franchise businesses and spoke to people who had them. I came to the conclusion that I wasn’t interested in buying myself a job, so I kept looking. I came across different home based businesses, some of them promising immediate wealth without effort and because there were so many of them, I became quite skeptical, but because I was so dissatisfied with my job and life at the time, I kept wading through. I knew I would find the perfect opportunity.As I researched home based businesses, I also researched people who are successful entrepreneurs, I wanted to know what they did to become successful and this is what I found.1. Successful people model other successful people.What this means, is that when you want to do something very well, you do the exact same thing as someone else who already does it well. For example, if you wanted to be a better golfer, then you would study someone like Tiger Woods, and copy what he does. This is what the most successful entrepreneurs do. They don’t reinvent the wheel, they follow proven successful steps, to the tee. Reputable Home based businesses are a perfect way to model success. A good home business will have everything in place for you to follow, step by step, designed by successful people.2. Successful people consistently step out of their comfort zone.The thing is, everyone experiences fear when they are faced with doing something that is out of their norm. And entrepreneurs that run home based business’s are no exception. Successful people, push through that fear and step outside their comfort zone, with their arms wide open to welcome all opportunities.Staying in your comfort zone, prevents you from changing. You have to change to grow. If you want to attract wealth and prosperity to yourself and your home based business then you have to put yourself out there and change how you do things, otherwise your life will stay the same.3. Successful people don’t quit.You’ve probably heard the story of Colonel Sanders. He heard over a thousand no’s before someone said yes to his idea about franchising his chicken. When something doesn’t work, a person with a success mindset, doesn’t look at it as a failure. Instead it becomes a lesson, a way of not doing something. When a successful home based business owner hears “no”, they say “ok, Next!” Successful people keep momentum, they don’t stop to wallow, they keep their goals clear and defined.4. Successful people set goals.Goal setting is a very important part of success. If you don’t have the goal clear in your mind, then how do you know what you’re aiming for?When I became serious about changing my life, I wrote down what it was I wanted. eg: more time, more money, world travel, success, to help other people. It was only when I committed these things to paper that I found that I was noticing opportunities. It’s like I made some kind of contract with myself. It wasn’t long before I found the right opportunity for me.Home based business is a great vehicle for you to create an extra income, or to create wealth. The beauty of it is that it will be whatever you want it to be. If you’re prepared to follow a step by step proven plan, designed and used by successful entrepreneurs and if you’re willing to step out of your comfort zone, then a home based business could lead you to success. You do have to be prepared to put effort in and work your business as you would a business with a shop front, so discipline is necessary for success.
What You Should Know About Property Management of Commercial Properties
Now that you have made an offer to acquire a commercial property and are waiting to close escrow, you may want to start looking for a property manager to professionally manage the property. Your real estate investment advisor should present you with 2 or 3 local companies, each with its own proposal. Your job is to decide which company you will hire. The property manager will be the main point of contact between you, as the landlord, and the tenants. Her main job is to:
Receive and collect the rents and other payments from your tenants. This is typically simple until a tenant does not send the rent check. A good property manager will somehow get the tenant to pay the rent while a lousy one will throw a monkey on your back!
Hire, pay, and supervise personnel to maintain, repair and operate the property, e.g. trash removal, window cleaning, and landscaping. Otherwise, the property loses its appeal, and customers may not patronize your tenants’ businesses. The tenants then may not renew their lease. As a consequence, you may not realize the expected cash flow.
Lease any vacant space.
Keep an accurate record of income and expenses, and provide you with a monthly report.
A good property manager is critical in keeping your property fully occupied at the highest market rent, the tenants happy and in turn helps you achieve your investment objectives. Before choosing a property management company, you may want to:
Interview the company with focus on how the company handles and resolves problems, e.g. late payment.
Talk to the person who will manage the property day to day as this may be a different person from the one who signs the property management contract. You want someone with strong interpersonal skills to effectively deal with tenants.
The property managing company normally wants a contract for at least one year. The contract should spell out the duties of the property manager, compensation, and what will require the landlord’s approval.
Agent’s Compensation: you will have to pay someone to manage and lease the property. You may have one company to manage the property and a different company to lease the property. However, it’s best to work with one company that handles both managing and leasing to save time and money.
Management fee: the fee varies between 3-6% of the base monthly rent for a retail center, depending on the amount of work needed to manage the property. For example, it takes much less time to manage a $2M retail center with just a single tenant than a $2M retail strip with 12 tenants. So, for the center with 12 tenants, you may have to pay a higher percentage to motivate the property manager. You should negotiate the fee as a percentage of the base rent instead of the gross rent. Base rent does not include NNN charges. Ideally, you want a lease in which the tenants pay for their share of property management fee.
Late fee: when a tenant pays late, he is often required by the lease to pay late fee. The property manager is allowed to keep this fee as an incentive to collect the rent.
Leasing fee: this fee compensates the property manager to lease any vacant space. In a typical lease contract, the leasing company wants 4-7% of the gross rent over the life of the lease. It also wants the leasing fee to be paid when the new tenant moves in. In addition, the leasing company wants around 2% of gross rent when the lease is renewed. The tenant may also ask for Tenant Improvement (TI) credit, typically between $10-20 per square foot to pay for construction expenses. So if a new tenant with a 10-year lease goes under after one year then you may lose money. As the landlord you should:
Approve a long term lease (10 years or longer) only when the tenant’s financial strength is solid. Otherwise, it may be better to reduce the lease to 3-5 years.
Make sure the new lease has a provision for some kind of rent escalation, preferably based on Consumer Price Index (CPI), i.e. inflation which is 3-4% a year instead of lower fixed 1-2% annual increase.
Consider TI request from the tenant as one of the factors to approve a lease. The TI credit depends on whether you need the tenant more or the tenant needs you more.
Negotiate for a flat rate renewal fee, e.g. $500 instead of paying a percentage of the rent for the life of the lease. The negotiation is easier with one company that handles both leasing and management.
Negotiate to pay the leasing agent a lower percentage, e.g. 4% when no outside leasing broker is involved.
You can see that it’s very important to minimize tenants’ turnover rate as it has a direct impact on the cash flow of your commercial property. A good property manager will help you achieve this goal.
Monthly Report: each month the property manager should send you a report on income received, expenses incurred, and property status. You should Review the report to see if the numbers make sense. You should:
Request a report showing both rent and CAM fees received.
Request a separate bank account for your property and have a monthly bank statement sent to you. Without this, the property manager will deposit and commingle all the rents from all properties that she manages into her company’s bank account.
If you instruct the property manager to send you the excess cash flow then you will also get a check.
Landlord’s Approval: the management contract should specify the dollar limit for exceptional maintenance expense above which would require your approval. This amount varies from landlord to landlord as well as the type of property. However, it’s typically somewhere between $500 to $2,000 dollars.
Communication with property manager: in the first few months, you and the new property manager should communicate often to make sure things go smoothly. You should give instructions in writing, e.g. email, to your property manager and keep records of all your correspondence. If the property manager does not do what you instructed, you may refer to your records and minimize disputes.
If you want to work hard for your money, you may want to manage your own property. However, if you want to work smart, your partner should be a good property manager.
Buying Real Estate – Three Tips About Real Estate Law For Investors
If you are considering starting a career in real estate investment, whether it is part-time or full, you need to be aware of the many legal implications that surround properties and understand which ones apply to the sort of investments that you are interested in.
Of course, your first port of call should always be to speak to an expert in the subject of property law. They will be able to provide you with plenty of information about what applies to you and the issues that you might face with the investments that you are considering.
However, there are also a number of tips that are important to keep in mind before you invest any of your money in property.
Be Organised
The very first thing you need to do before investing in anything is to have complete awareness of your current financial situation. You need to be able to set a solid budget that doesn’t put you in trouble if an investment goes bad and you need to understand exactly where your money is going and what sort of return you are getting on it at all times.
In many cases this will require hiring a certified accountant who can keep track of where your assets lie at all times and will be able to inform you of any changes in law that may affect your investments. This is something that you are going to need to spend a considerable amount of time and effort on, but it is important if you want your investments to start paying out.
Be Aware of Local Issues
Real estate and personal property tax are going to affect every investment that you make, so it is important to be aware of what they are and which of your investments they affect. You will need to budget for each every single year, so don’t let your concentration slip and make sure that they are always included in your figures.
It is also important to note that neither is a set rate across the country. Different areas will have different rates of both types of taxes, so you need to be aware of what they are before you invest. After all, it can come as a massive shock to the system if you invest in a property outside of your comfort zone, only to find that you are required to pay a higher rate of tax for the pleasure.
Know Where to Make Savings
A good accountant who understands real estate will also be able to point out ways that you can save on the tax you pay, based on the investments that you make. This is particularly useful for people who are renting out the properties that they own.
Furthermore, you should always be aware of the 1031 exchange, which allows you to defer the capital gains tax accrued from the sale of one property directly into the purchase of another. You can keep hold of much more of your money by doing this, which has allowed for many investors to build a small fortune through continual deferral.
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.