Building a home business can give you numerous competitive advantages over your competition, as well as saving your business, and your employees, time and money. Here are a few key benefits attached to building your small business from home.
You will save money – If you can build and run your business from home you could save your business thousands of pounds. Not only will property costs decrease significantly, but you will also have less insurance, utilities and transport costs to pay.
Staff will be more efficient – The flexibility to work from home can increase staff productivity in two ways; firstly by decreasing the time workers spend commuting they can increase their time working. Secondly, happy workers are efficient workers. If your employees are happy and satisfied with their working arrangement then, the chances are, they will be more efficient that unhappy office workers.
Increase financial security – A lack of business property will protect you against interest rate hikes on borrowing or other financial disasters. The considerable reduction in overheads is also a distinct benefit of building your business from home; while your competition pay for expensive office space, you can charge less for your product due to reduced overheads!
Save your employees money – Fuel is expensive, and with prices set to increase what better way to save your employees money than by cutting their fuel bills! Allowing employees to work from home saves them time, and leaves them better off without the necessity for a pay rise.
Employ the ‘unemployable’ – There is a wealth of skilled, professional and talented people out there who struggle with working traditional office hours. Parents are the main category within this; childcare is expensive, so offering work from home with flexible hours allows you to tap in to this underutilized yet extremely talented area of society.