The prospect of starting a business from your own home can be an exciting one. Especially for those that are making their first tentative steps from full time employment to self employment. Working from home has many benefits for those in employment. So it would stand to reason that the positives of running your own business offers the freedom that the nine to five will not. In this post, I propose to offer the ways in which you can start a business from home without the need to acquire an office space in those early days.
If you are thinking seriously about running your operation from home, there are some things you need to consider before setting off on your journey (home).
The financial benefits you can receive are various. If you are struggling to get yourself set up you can get second charge secured loans if you are self employed or not.
Registering your home as a businesses can have great benefits under a search engine can give you the benefits of internet traffic, especially if you are operating a business that requires you to work in a customer facing role, such as a masseuse or a hairdresser. People looking at the local area on a map can see the exact location of your business, making you more personable and accessible to your client base.
You may also be concerned about the drain on your resources that comes from working from home, such as electricity usage, and even the social aspect may be something you can miss, and may suffer from the occasional bout of “cabin fever”. Running a business from home means you can get commercial electricity rates, which can save you money in the long term. It does depend on the nature of your business, so it’s worth looking at that in more detail to see if it will benefit you. And if you are suffering from being indoors, the benefits of a different environment offers mental refreshment. So for example, if you are running an online business, take the laptop out with you and sit in a cafe with a nice cappuccino or herbal tea. Don’t have a laptop but have a bulky monitor and tower? Invest in one, it is a business expense you can claim back when it comes to doing your tax return.
As well as operating from a relaxing environment, working from home gives you the freedom to work when you want. You needn’t feel chained to a desk, sat in an uncomfortable chair. You can work from your couch, and surely that’s the dream, right?
If the prospect of running a business from the comfort of your own home is an exciting one for you, this will help you get started. Good luck, and enjoy the journey to working from home.