Starting a new business can be an exciting time. Yes, it’s awful a very stressful one. But there’s definitely a lot of excitement to be had – perhaps even a modicum of fun! But sometimes people get a little too caught up in the excitement. They start moving a bit too fast for their business model.
One of the most results of this is that people immediately go for an office space. After all, isn’t that what we all imagine when we think of starting a business? We imagine a workplace filled with employees that we can order around (Nicely and productively, of course.) Wouldn’t doing otherwise present more risk?
But when you start a business, you need to keep the startup costs small. Sure, you may be able to get your hands on a good amount of capital. But that doesn’t mean you should be blowing that money all over the place. There are actually a lot of strong arguments for running your small business at home.
Running it from home saves you money
And, as I’ve already made implied, you’re going to need money to keep your business running. Sure, there are areas where it pays to spend a little more. You need to get quality for your buck, after all. But an office can actually be an unnecessary purchase.
Think about all the costs you’re going to have to deal with. There are the costs of marketing. Research. Recruitment. You’ll also need to make sure you can live on some of that money, too! And, of course, the creation of the product or service itself is a vital expenditure. By running your business from home, you can put more of your capital into those things. Don’t worry about needing to give people your home address for business matters. You can use a virtual address. Read more at yourvirtualofficelondon.co.uk.
Keeping it professional
A lot of people love the idea of working from home. After all, you don’t have to leave the house! (Although I would still recommend leaving the house from time to time, of course. The sedentary lifestyle is a dangerous one!) But many have understandable concerns about running a business from home. How do you actually keep focussed on the task? Won’t you get distracted by domestic matters?
The fact is that it’s possible to be very professional even when you work from home. In fact, people who work from home tend to be more productive than office workers. You can read more about this over at forbes.com. But you have to be willing to get into the productive, professional mindset.
The key to doing this right is to make sure you have a good working space. You need to look into developing a home office. This will help you out a lot when it comes to keeping your head in the game. As long as your work space is used for work – and for other matters as little as possible – you should be fine. Things will feel more formal and achievable. And this can be invaluable for those starting a new small business. Read more about home offices at howstuffworks.com.
