While it’s becoming more and more common for people to be working remotely and also running a business from home, many people still believe that working at home has to involve some sort of scam. The truth is, thousands of people are already successfully running home businesses. Whether you’re currently running a business from home or looking into starting one, here are several keys to make sure it’s a success from the start!
When running a home business it is best to join a small business association. It is a great way to network your business as well as get tips on effective ways to manage your business. Another great aspect is that you can hear the mistakes others made and not make them yourself.
When you work from home, it’s vital that you give yourself a set schedule. A schedule of both when you’re going to be working and when you’re not going to be.It is easy to let your home business take over your entire day because your workplace is your home, and there are no physical boundaries. Setting work hours at home, is a good way set boundaries. Be sure to let others know your schedule as well so they know when you can be interrupted and when you need to be left alone to focus on your work.
If you’re running a business from home, odds are that you need to have a virtual storefront or business sit so people can come and find out about your product. Not only is it the most “tangible” presence your customers or clients will be able to see, but it also can sell your products or services 24/7!
Obtain all necessary permits and licenses and keep good records. If you sell a product, you may need a state sales-tax certificate, and if customers visit your home, you may need an occupancy permit. License and zoning laws can be complicated but can usually be found online. If you’re unsure, it’s best to hire a lawyer. Obeying the laws will help you avoid being fined or even losing your business. You should also be sure to at least consult with a Salt Lake City CPA to be sure that you are keeping track of all the correct financial paperwork, filing it correctly, and running a thriving business.
If you have not already established a strong network of professional contacts than now is not the time to start your own business. It is important to have many contacts in several different areas as you never know what kind of assistance or business deal you may need to make.
If you are working with a partner, do everything in your power to separate personal and professional lives. If it is a friend, or even worse spouse, things can quickly become complicated. If you draw and maintain these lines early it will be easier to handle difficult work situations in the future without hurting feelings.
When you are planning on opening your own home business, make sure you pick a name that has meaning to you. The name of your business is something you are going to be living with for a long time, so it is important that you like it and it inspires you.
Don’t forget to about marketing and advertising. Whether you simply use digital ad space on the Internet and want to maximize your presence with some LED outdoor digital signs, the opportunities are endless and each area tends to work better for specific products or services. Take time to learn some marketing principles and the best areas to put them into practice and then be sure to take the action.
While a home business is a dream many people have in common, sadly, most people do not know how to get on track in creating their own own home enterprise. The keys above will not only help you create and “official” business that you can run from home, but also put into place the safety guidelines to keep the government happy as well.