Almost half of all small businesses are in the owner’s home or started there before moving to a better location. There are many things to consider before deciding to open a home business, such as whether you have the space, if your home and work life can balance well there and if there will be any issues with the neighbors. Once you have decided to move forward, these three tips will help you get going successfully.
Have the Best Tools
The best business tools for entrepreneurs are usually software solutions such as marketing, hiring and accounts programs. You will also want a task manager program to help you remember everything on your list and track progress to keep you motivated. A phone is another essential tool to have and when working out of your home, it is important that this system is separate from your home and personal ones. Keeping up with client calls can be difficult without an automated answering system, especially when you want to keep family time and work time separated.
Address Legal Issues
Businesses need a few licenses or permits, as well as the correct zoning and insurance to protect it, your clients and any employees. It is a good idea to check local zoning and business regulations and to work with an insurance agent to ensure that your risks are adequately covered.
Set-up a Dedicated Space
Having a dedicated business space will make separating work and home easier as well as make your company seem more professional. The type and amount of space that you need will depend on the type of company you want and the industry you choose. You may need a separate entrance for clients, space for inventory or just a desk and closed door.
Opening your own business is a tricky endeavor but having the right tools and a dedicated workspace can make it easier. You will also need to address the legal issues such as licensing, zoning and insurance before opening your business.