Pros and Cons of Starting a Home Business
Beginning a business out of a private home has gone mainstream. Entrepreneurs in a variety of industries have started up successful business from their home office, bedroom, or kitchen table. You can find financial professionals, lawyers, landscapers, dog walkers, and architects who have decided to ditch the long commute and high rental fees that working in an office building might require. They have also decided to become self-employed to enjoy more control over their lives. Read more
Most people understand the importance of networking for their business – the increased contacts and opportunities for development, the ability to make friendships amongst peers and look for problem solving solutions through group discourse and, of course, to forge valuable workplace connections which can help with staffing needs. However, this can be difficult to achieve when one is working from home. The usual networking opportunities – such as dinners, benefits or events – can be relatively inaccessible for someone working alone, without the influence of big business backing.
For those coming from a self-employment background, there are other ways to network than the standard channels. The internet opens up new methods of communication. Message boards and online forums are effective ways of sharing information. Responding to other people’s posts helps to establish sources of information and make your brand appear credible and knowledgeable, and people will begin to associate your brand name with the help they received on the internet. There are forums specifically tailored to a wide range of fields and industries on which serious professionals often advertise their services. Developing relationships on the internet can be a valuable way of forging networks and connections. Read more
Using a timer is crucial. When I am working at home, it feels like I am doing a lot more than I am. Actually timing the business-work I am doing helps me to see just how much time I am really doing things that generate cash flow for my business. Read more