Working from home can be an amazing way to fit the work that you love into your life and reduce commute time. However, from a business perspective, it isn’t as appealing. There are many reasons why working from home isn’t as attractive as it could be, but below we want to take a look at the one thing that you need to consider as you decide if it is right for you.
Most companies don’t have the funding for their employees to purchase office space, so they lease.
Rather than financing or renting office space in any reasonable way, startups tend to pay very low rents and offer employees nothing more than a desk. This is very beneficial for individuals looking to strike out on their own, but it can be an incredibly stressful situation when it comes to managing finances.
What You Need To Consider
It is easy to realize that working from home may seem great on paper, but it can be a far more daunting challenge.
Simply stated, the concept of your working from home place of business is based around your current, low-budget budget and your willingness to use off-peak hours to minimize pay. In addition, your expenses will often be a lot lower than the base business levels that you are charging to clients.
This isn’t to say that you shouldn’t be using traditional marketing and sales tactics, but if you feel like your quality of service is good enough, and your clients are understanding of your space limitations, there is no reason to charge above a base level for your services.
Yet, even with these caveats in mind, if you work from home, you aren’t at the mercy of space limitations.
If you are at the office, it is often restricted in time and schedule. As a freelancer or business owner, working from home is the exact opposite.
For example, if you’re operating from a study, a lot of your work can take place in your own space. While there will be some clients that require you to be in a public location, you have complete freedom to put any number of clients in your workspace, and you can work whenever you want.
If You’re A Freelancer
Freelancing in any business field is challenging, but working from home is much more so. You are the sole provider of your income. There are many competitors for your market share, and your competition won’t be waiting for you to perfect your service in order to step in and take your place.
When it comes to comparing your freelancing to an office role, you need to realize that your office doesn’t need to be relatively large. You can rent a cheap desk or a table, and find yourself working in a similar environment to how you would at a team-based office.
Best practices to think about when working from home include communication, training, and motivating your staff to meet deadlines. It’s important to think about these tasks on an hourly basis, and be flexible when it comes to training or motivation for specific departments.
As you work from home, it is easier to get distracted by email, and Web browsing.
This makes it important to stay up to date on the latest news trends and innovations around the internet. It is important to provide communication as often as possible to ensure that your company keeps up to date.
This is especially important when it comes to setting up your company’s website and selling your services. When you are working from home, there isn’t the same benefit to the physical space or distraction from traffic that you would get with an office role.
Be Ready To Accept Advice
As your company continues to grow, there are going to be more jobs and more people demanding your services. As you are learning your trade, you need to be willing to accept advice and change your strategy accordingly.
Most of all, you need to be willing to move from a smaller space to one that works better for your business. If you have started your business on your own, and you aren’t ready to expand yet, look into coworking options. This will allow you to move in a very different direction from what you would do from your home-based space.
Working from home is an amazing way to transform your life, but if it isn’t working out for you, make sure to consider alternatives that will work in your favor.