Running your business from home has many advantages over renting an office or workspace. Today’s online technology allows you to run a professional business without the overheads, another way to continue the bootstrapping mentality.
The points below will give you another brief overview of the many benefits of running your business from home.
Friends & Family. Get your friends and family on board. They will be there to help you celebrate the good times and get you through the bad. If you can, work during ‘business hours’ and take time out during social hours with your loved ones to recharge. Bounce new ideas off them, we always find our friends and family to be ‘brutally’ honest when it comes to feedback on plans and proposals!
Workspace. Make a space where you can work every day in peace and quiet and focus on what needs to be done. Find somewhere to keep your important documents to ensure things are safe and easy to find when needed. Consider using ‘Cloud Computing’ or an online solution to run your office so that your documents are always safe and readily available.
Save Money. Working from home will save you money on paying rent on an office, prevent you from paying utility bill costs and dramatically reduce your travel costs! Not only will you gain financially from not commuting every day, you will save time and hopefully start your day more relaxed as well.
Convenience. Running a home business will give you more contact and control over your family life. Want to be there when your children get home from school? Running a home business will allow that. Want to take lunch with a family member rather than making do with an office colleague? Running a home business will allow that too.
Technology. Although this goes hand in hand with Workspace, it is important to think about all the online solutions available to help you run your home business. Use Skype to make calls for free. Get your ‘virtual employees’ to use Skype and you can set up free conference calls and enjoy reduced landline business calls. Set up a PayPal account. This will provide you with a cheap, secure means of making and accepting payments from other small businesses you deal with on a regular basis.
Work-life Balance. Shut the door on your way out. We’ve said this already but its important, leave your office and spend time with your family and friends. Physically closing the door on your office will help you wind down mentally and stop you ‘just spending 5 minutes’ sorting something out, that we all know will often turn into 2 hours!
Even if it is essential to run a small office or workspace rather than a home business, many of the above points are still relevant and will help you take another step to running a successful business.