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Making the Most of Your Home Based Business

Posted by Guest on Jan 24, 2013 in Making Money | 3 comments

home business

The Following Is a Guest Post

Working from home might seem like a licence to procrastinate, especially if you’re easily distracted by your sofa, bed or TV. However, for many business people who can’t afford to house their companies in a rented office space or pay for any extras like utility bills or extra furniture, it’s their only option. It’s possible to make a home-based business work, but if you have considered going down this route, here are some things you may want to consider.

In almost every home business, you will need a way to implement effective communication tools. A reliable Megapath broadband connection, laptop or PC, smartphone, extra capacity for file storage in the form of an external hard drive, server or cloud computing and Powwownow video conferencing software are all essential. The latter in particular can help to save money and time through allowing you to arrange a video call with anyone in the world, whether it’s clients, colleagues or investors in very little time.

Something else you might want to consider is having a space that is specific to working.  A lot of noise from television, children playing, or otherwise can hinder productivity.  If your home has the available space and room with a door, make it your office.  This room should be off-limits to any possible distractions.  Having a door on the room will also allow you to close off your work space when it is time to unwind.  For example, if your work space happens to be the same as your dining space, you might have trouble separating the two and giving yourself necessary time to decompress after your work is done.  If you have the space but no door or fourth wall, one can be put in for a few hundred dollars.  This may sound substantial, but it may not be if you are truly able to work more efficiently when complete.  Furthermore, a lot of items pertaining to a home office can be written off as tax deductions within limits.

Do all you can to make your home office a comfortable yet professional working environment. If you don’t have a suitable office chair or desk, you could buy them second-hand from a site such as eBay or Gumtree. Ensuring you won’t be interrupted repeatedly, you might want to consider using one phone line for business calls only, and leave your personal calls to come through a cell phone. Disabling a doorbell or putting up a sign asking visitors to knock during your work hours may be necessary if you live in a bustling neighborhood.

Working from home can save you a lot of money on gas and usage of your vehicle. It can also free up a lot of time in your schedule that would have otherwise gone to commuting. In addition to those cost-saving breaks, you don’t ever have to worry about getting up early to pack a lunch or wasting money going out to a restaurant eat.  An unexpected added bonus is the health benefits of being able to cook and eat at home on your own time.

 

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3 Comments

  1. DC @ Young Adult Money - January 25, 2013

    “Working from home can save you a lot of money on gas and usage of your vehicle.” This is exactly why I hope to one day work from home either full-time or at least a few days a week.
    DC @ Young Adult Money recently posted..20 Giveaways for Friday – Freezing Cold EditionMy Profile

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  2. Eddie - January 25, 2013

    Great points on working from home. But it isn’t for everyone. If you’re not a good time manager, and willing to set goals, routines and plan everything out – it’s best to stay working for someone else. The other thing about working from home, you become isolated and there’s lack of social engagement.
    Eddie recently posted..Thought You Should Know: Google Owns Your Online IdentityMy Profile

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  3. Mary Slagel@ Financial Helper Newsletter - February 6, 2013

    Great suggestions. I particularly appreciate your idea to post a sign for visitors to knock during working hours. I wish I had space in my one-bedroom apartment for an office. I have thought about adding a desk in my bedroom but I like to keep my bedroom as relaxing a place as I can so I have settled for using my kitchen table when I have a lot of work to get done at home. It’s hard having to move everything around for meals and then set back up again and it never fails on my busiest days my landlord shows up to do the pest control and change the air filters or a friend just stops by and obnoxiously rings the door bell until I answer. I don’t normally work from home but when I do, I may take your suggestion to post a sign.

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