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A Home Business Might Seem Brilliant, But Be Careful

Estimated reading time: 2 mins

You might think that running a business from home is a great idea, but you need to be cautious. It could be a disaster waiting to happen. Before we get into the issues, let’s look at why many owners are now favoring a stay at home company. First, there’s the cost. You’ll be cutting a lot of the major costs of running a company out completely. For instance, you won’t need to rent or buy an office, and you can kiss maintenance charges goodbye. Then, there’s the comfort question. You won’t have to face the long commute into the office each morning. As for the employees? Most likely, you won’t have anyone on your staff who is on a full term contract. That means you can fire and hire as you please, relying on freelancers. However, as we said, despite these advantages there are issues to be aware of.

It could create the wrong impression

If you run a business from home, it’s difficult to escape the impression that you’re doing it because you can’t afford an office. It doesn’t matter whether that’s true or not, the idea will be there and it will penetrate the minds of potential clients. So, immediately you might not be able to win them over, simply because they don’t think you have the power to handle their projects. Or, they don’t trust you to deliver a quality product at a rapid pace. The good news is that there is a way around this. You can invest in the services of virtual office. The virtual office service provider – yourvirtualofficelondon.co.uk and similar companies are fantastic because they’ll give you a real address in a major city. So, when a client searches your company, that’s what they’ll find. A business that looks successful and rather well funded!

You Might Have Issues With Security

You may indeed have problems with theft and hacks if you decide to run your business from home. The simple reason for this is that home run companies tend to think that they’re not a target. As such, they don’t bother to invest in the intensive often expensive security measures that larger businesses do. Of course, the obvious fix here is not to make this mistake. Instead, ensure that you treat your home business as you would an office company regarding security. Don’t cut corners even if it does cost a little extra.

You Could Have Trouble With Staying Connected

This might depend on where you live. Unless you live in the middle of the city, you might have issues with getting the best internet connection. That could put you at a significant disadvantage compared with other companies. Or alternatively, you might just have trouble staying connected to various different sections of your business. How do you fix this issue? Well, make sure you have the best internet speed available.You can look at speeds from different internet service providers on – www.spitfire.co.uk.  Don’t forget, you can boost your signal strength with technology that’s completely affordable.

We hope this helps you avoid some of the major issues with a home run company, while still allowing you to benefit from the cheaper costs.

 

About the author /


Simon is a creative and passionate business leader dedicated to having fun in the pursuit of high performance and personal development. He is co-founder of Applied Change, a Business Change consultancy based in the UK. Simon is also an Ambassador for Gloucestershire business. Simon is an Associate Member of the Chartered Institute of Professional Development.

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SimonStapleton.com located at Watledge , Stroud, UK . Reviewed by 18,205 readers rated: 9.8 / 10
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