If you are thinking of opening a new business have you considered the option of it being a home-based business? There are a lot of benefits to running a home-based business. It not only allows you the flexibility to be able to set your own pace but it also helps you to cut down on start-up and overhead costs.
Forbes online wrote an article about home-based businesses. In the article it listed the number one reason as “more time for work and less time commuting.” The fact that you do not have to drive to work gives you more valuable time to work in and on your business. The moment you get out of bed you can start work. You don’t even have to take off your fluffy slippers.
There are a few more reasons why people start home-based business. Besides the money savings people see it as a lifestyle change. In the last few years there has been an increase in stay-at-home moms/dads who want to be there for their kids and possess skills that are still needed in the market place. Running a home-based business gives them the freedom and flexibility to be available for their kids.
Where the lines become blurred to that most do not understand that running a home-based business is not an easy task. You have to be very driven, motivated and not easily distracted. Having a dedicated work space or room in the home is a must. The space helps you to separate your work-time from your personal time. You need balance so that your business does not take over your life. You can easy find yourself working long hours and this can put a strain on your family life. Check before you start a business with your family to make sure they are on board.
Some of the other factors you need to consider when starting a home-based business are isolation and confinement. Some days you do not make any connections with the outside world and this can cause stress. To help balance the feeling of isolation plan to attend networking events to get rejuvenated and inspired. You can also belong to an association or the local chamber of commerce.
To run a successful home-based business you need to plan and set realistic goals. Part of the process is to check in with the municipality, city or town to make sure you can open a home-based business.
City of Burlington 905-335-7600 – www.burlington.ca
Town of Halton Hills 905-873-2601 – www.haltonhills.ca
Town of Milton 905-878-7252 – www.milton.ca
Town of Oakville 905-845-6601 – www.oakville.ca
You can also check what licenses and permit you need at www.bizpal.com.
One of the goals of the Centre is to empower small and medium-sized enterprises and provide the right tools to achieve success. For more information about resources, services, business events and seminars, contact us by dialing 311, 1-866-442-5866, online at www.halton.ca/smallbusiness, by email at email@example.com or visit us at 1151 Bronte Road, Oakville. You can also follow us on Twitter and find us on Facebook.