There is no question that a lot of people would want to let go of their current jobs to start their own businesses. This way, they will be able to have more control over the outcomes of their efforts. There is no need to yield to a boss. The business setup also affords a certain level of flexibility, which is quite attractive especially if the person already has a family to raise.
If you are someone who is currently planning to start a business enterprise, then this article is for you. Here, we try to explicitly outline why it’s advantageous for you to go home-based, at least during the initial stages of your venture.
Home-based businesses have real returns
Many people shy away from the idea of going home-based because they don’t really see the value in it. “What task can you finish when you are just at home?”, you would hear many of them asking. The Internet has afforded all of us a new platform for business. If the business books that you are reading still identify land as one of the most important capitals for business, then those books could never be more wrong. Airbnb started and grew even without owning a single real estate property. The same is true for Grab and Uber. What’s important at this time and age is knowledge, and you don’t need land or an office just for you to exchange knowledge and monetize ideas. The virtual world, as abstract as it is, is already enough for all that.
So setting up an online store or starting your own style consultancy nook online are not crazy ideas. Yes, they’re challenging, but only until you start moving and pursuing them. Don’t be afraid to try. The Internet is a business playground that is replete with unimaginable opportunities, and it is pretty much accessible even from your bed.
Home-based business ventures save you building maintenance costs
Let’s say that your business has already grown and you already have many people on your team; is being home-based still a good option? We dare say yes. When you bring people together in one place, you would need to maintain that place. Building maintenance costs a fortune nowadays, and it’s surely going to bloat your business’s overhead spending. As a business person, you should understand by now that overhead cost is one of your biggest enemies.
But what about meetings? Meetings are easily done online. There are platforms like Google Hangouts, Slack, and Skype that make way for video calls to happen. If a virtual interaction is not enough, there are always office sharing spaces such as Novel Coworking that can cater to your needs. The good thing about coworking spaces is that you can just leave when you’re done. There’s no need for maintenance, there’s no need for repairs. You only use the facility when you need to.
Home-based entrepreneurship allows you some transition time
Quite frankly, starting up a business always involves a certain level of risk. If you are the type who wants to play it safe, then a home-based venture is your comfortable first step. A home-based business affords you flexibility. You won’t need to let go of your current day job just so you can attend to your new venture. You can have them both, you just have to really practice great discipline in managing your time and regulating your activities.
Starting a business online is going to be risky. But it’s not something that you should fear or get intimidated by. You just need to have the right mindset, and you’re ready to go.
