Why run your business from home
The following are some of the main reasons you should run your business from home:
Low overhead: When you run a business out of your home, you are able to significantly reduce the overhead costs. You are not paying for rents, or set up fees for internet, telephone, etc.
You may choose to install specific lines for your business, but all in all, the cost of running a business out of your home is significantly less. This means greater flexibility in pricing, and high profits that can be generated. However, those profits can be compromised if you allow running your business from home to compromise the professionalism you offer customers.
No commute: The next benefits of running your business from home is the absolute lack of commute. It often results in more productive work days because you do not waste hours on driving to and from work. This means more time to spend with family, and less need to get ready in the morning, etc. However, it can also lead to lost revenue if you allow yourself to be distracted by the fact that you are at home. You need to focus on running your business during business hours, and worry about your home, family, etc. during other hours.
Flexibility: When you run a business from home, you have flexibility. You can adjust hours to meet obligations like parent-teacher conferences, or to sleep in if you end up with a late night. Of course, this can lead to problems, where you take advantage of the flexibility, and turn it into an excuse to procrastinate, not do, or be lazy about your work.
Ability to expand: Sometimes the problems people run into with expansion have a lot to do with things like being stuck in contracts in their commercial space that no longer suits their needs. Etc. When you work from home, if you need to expand, it becomes a matter of doing the leg work to do so. You are not tied down in a contract, or required to do certain things to get a deposit back, etc. Instead, you have the freedom to explore your options.
Running a home business is full of advantages, however it can lead to problems as well. Home businesses can be fantastic. Of course if you choose this route, it is imperative that you learn how to set your hours and stay motivated to work, and not be distracted by other things in and around your home, as well as not let work take over your home life. Striking a balance between work and home life is a critical part of letting the benefits stay benefits without having an equally long list of drawbacks, such as never coming home from work, or frustrating your family because of your work taking over the family time and life. Prioritize and organize, and running your business from home will be a great success.