Working from home, means saving a lot of money as well as working on flexible hours, but is it slowly killing your business?
Many successful entrepreneurs started their businesses from home. All they had was a great business idea and faith that it would work out. Not having office space is no reason for you to shelve your business dreams. You can start with what you have and work your way towards building that empire you dream of. Depending on the type of business you want to venture into working from home is as easy as deciding to. But it does need a lot of discipline, especially from your family who might still insist that you have to look for a proper job. Renowned brands, such as Apple, The Walt Disney Co., Amazon, Google and Facebook started from either their garages or campuses. What could possibly stop you from starting that great business that could make waves? Below are 5 tips you should consider when starting your home-based business:
Set clear boundaries: Just because you are at home doesn’t mean that you aren’t working at all. Communicate firmly with your family and friends that you have set working hours during the day and be disciplined enough to stick to your work before doing anything else at home.
Design a business-like environment: Turn one of your rooms into an office space, with its own stationary and work equipment. If you have clients to bring to your space ensure there aren’t family members and children disturbing your meetings. Also, be disciplined enough to keep your office equipment for office use only.
Separate your expenses: Don’t make the mistake of mixing personal and business expenses because not only will you find it difficult to assess profitability but the tax season will become a major headache, especially if your business is registered.
Get out more: Starting a business on your own can become a lonely experience. Go out more to get inspiration. Attend industry events, make a nearby coffee shop your office space for a day or diarise business lunches with clients. A breath of fresh air is all it takes to gear your energy again.
Alleviate the 24/7 trap: 24 hours might not seem enough when you are starting out or even running your business. But you need to allow yourself to rest before you burn out. You are not a machine, and even those need a regular service to perform well.
How do you slay your home-based business?