Will a home-based business be right for you?

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If you’re building a new home consider the implications of a home-based business.

 

Homebased businesses are on the rise

Home‐based businesses are a growing and popular part of the business sector. Increasing numbers of people will be running a home-based business in the future, particularly when more people realise a home-based business can greatly improve their lifestyle.

The convenience of having no commuting is one of the principal attractions of a home-based business along with being able to have more quality family time.

Today, around 60% of all small businesses are run from a home office, even international businesses, so don’t be disillusioned.

Home based business ideas are always the best ideas in the world, just like so many startups that changed the world from their garage. There are times when business is not doing so great, but if the focus and sacrifice are there, great rewards lie ahead of you.

With some adjustments, almost any business can be a successful home-based business, certainly, your head office can be run from your home. The backyard shed has also become the norm for many small businesses who do some manufacturing, repairs or have the equipment to store.

 

“It is never too late to be what you might have been”.  George Eliot

 

Not having large amounts of spare space need not preclude taking on staff, a converted spare room, or making use of the lounge room can be enough.

I have now been operating from a home office for more than 25 years. As far as I am concerned, the benefit of running a business from home far outweighs the challenges. In fact, I started and grew the men’s shed organisation into every state of Australia and several overseas countries from my home-based office.

Consideration of the problems, frustrations, wants and needs of the other members of the household. They need to be carefully considered in the arrangement if you are to build harmony and fun into the situation.

If you work alone or are about to leave the corporate world to pursue a small business career, you may soon discover that some of the challenges could ‘make’ or ‘break’ you. As we are basically social animals a traditional work environment can be a great place to be for business success, but not necessarily if you like working alone in a nice atmosphere.

Provided you are in a cheerful, cooperative workplace and your workmates are reasonably normal, working with others can be very satisfying and can help you to be creative, more productive and satisfied with what you do. It, therefore, becomes essential for you to create an environment in a home‐based business that will do the same.

 

[read more=”Personal Experience” less=”Personal Experience”]

Personal Experience:

My first real experience of having a home-based business was in 1976 when I had five branches of my agricultural machinery business spread across a wide area. My thinking was to be able to attend to business in each location without employees thinking I was favouring one over another and do it without the usual interruptions when you are working in the business.

The concept was great as I could focus on working on the total business. However. it didn’t the last long because communications were not what they are today and I was not used to the isolation, I liked working with real people.

Perhaps it was my lack of knowledge and support for the concept, or I was too young and inexperienced to understand all the benefits of what I had done. I have always had an office in my home, but that is a different thing.

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