For many people, a home-based business is a dream come true. Being able to have the flexibility, the additional freedom, more contact with family and lower overhead are valid reasons to want to pursue this venture. And as mobile technology becomes more trustworthy, even if you don’t own your own business, a significant number of employees are working from home one or more days per week.
Many huge companies started out as home-based ventures. Jeff Bezos started Amazon in his garage. Apple’s roots are the same. Mattel started in the home of Ruth and Elliot Handler. Working from home allows you to literally keep your day job while you feel your way, experiment, build an online presence, develop a client base, poke around with different marketing techniques and expand service or product lines. About half of the tv show Shark Tank’s entrepreneur competitors (competing for investment money) operate from home. It has never been easier to launch a product or service based company from home.
Operating a home-based business has tax advantages and allows you to utilize your spouse and children for extra manpower if the business starts booming. Many people prefer to keep their businesses small and at home. Even if it just provides a steady second income, working from home offers peace of mind and independence that a second job simply might not.
While not everyone can afford to dedicate a room or separate dwelling for their home-based business, if you can, do-and make it one with a door. It will be easier for family, friends AND customers to take you seriously if you have fairly set hours and some privacy. But many small entrepreneurs and freelancers work on a laptop on the sofa. There are almost as many different set-ups out there as there are work-from-home folks. Don’t limit yourself because of space! Take a chance and start small.
Utilize wireless technology to network computers and printers, open source software to save money, Skype to make international calls cheaply or for free if that is part of doing business. Build online profileson Twitter and Facebook for exposure, develop your own blog, send out a newsletter, use Elance to find a logo designer. Don’t go deeply into debt for your business. It isn’t necessary!
Are you working from home in a small home-based business?We would love to hear your stories!
by Steven Schlagel