Secrets to Set Up a Home-Based Business for Success
It isn't always necessary to rent or lease commercial space to operate a successful business. In fact, many budding entrepreneurs start and run businesses from the comfort of their own home to save on expensive overhead costs and avoid long commutes. To set your business up for success when operating from home, read on.
- Research business licensing requirements in your state and city/town. You will most likely need a business license to run a business from your home. You may need additional licensing and permits to run certain types of businesses.
- Although working at home in your pajamas all day sounds appealing, it can impact your productivity. Even if you're working at home, get up and get dressed in attire that wouldn't look out of place in an office. This simple act will help to get your mind on the tasks at hand.
- Set working hours and share them with your family. Know that during these hours, you're dedicated to your work. That means you can't be tempted by the sky-high pile of laundry that needs to be done or catching up on your favorite television show.
- Create a workspace so that work life and home life are separated. Trying to be productive in an area where you'd normally kick back and relax is counterintuitive.
- Remember to take a break. Just because you run a business from home doesn't mean you're available 24/7. Take an hour at lunch and turn off your computer when you're done for the day. Separating your work time from your leisure time can be hard when you're operating both in one space.
- Running a business from home isn't for everyone. Have a contingency plan in place if you are struggling to motivate yourself in a comfortable environment. You may find that renting a small office down the road pushes you to be more pro-active.
These tips can put your home-based business on the path to success. When you're looking for the right
business insurance, we can help.
Contact the experts at Humble & Davenport Insurance today.
