Running a home-based business isn’t as easy as it might first seem. While a lot of people see the glamorous side of working from home, like not having a boss to report to, being able to skip the early morning commute, and not having to live inside an office cubicle, what they don’t see is how hard it is to make a home-based business not only work, but work successfully. Having the right idea is just the beginning.
1. Set up an actual office space Instead of setting up shop at the kitchen table or on the couch in front of the TV you should clear out a space that is designated as your work area. It is much easier to get things done in a place where you have everything you need to work and minimal distractions versus in a place where there are multiple things competing for your attention (such as the TV).
2. Determine office hours Since you’re working from home you have more freedom than the typical 9-5 job offers. However it’s easy to get distracted doing other things if you don’t specifically set aside certain hours to work. It doesn’t have to be a solid eight hour day, but make sure that there are at least a couple hours each day where you aren’t distracted by anything but work.
3. Take advantage of taxes You are granted certain benefits for working from home when it comes time to file your taxes each year, so it’s important to make sure that you are taking full advantage of those. It might be advantageous, at least at first, to hire a tax consultant to help ensure that you’re filing for all of your work deductibles correctly.
4. Be prepared to initially spend more than you make Making money rarely happens overnight and you need to plan for that. It will take you investing money into your business to get it up and running before it starts seeing some returns, and being aware of this ahead of time is important.
5. Network & market Because you won’t be in a typical office setting where you’re exposed to people on a daily basis networking and marketing become of the utmost importance. Take advantage of social media, trade shows, and conferences as a way to do effectively do both networking and marketing, and actively engage yourself in your business’ community.
Owning a home-based business is a wonderful opportunity that has many perks. But it also has a lot of unseen setbacks that can catch you off guard if you don’t prepare yourself ahead of time. Through careful planning, though, you can make the transition from office to home as seamless as possible.
This is a guest post from Laura Backes, she enjoys writing about all kinds of subjects and also topics related to internet service in my area. You can reach her at: laurabackes8 @ gmail.com.
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