3.03 – Working Remote
Running a home-based business offers distinct advantages over setting up in dedicated premises. Let’s explore these benefits and how to optimize your home workspace.
Advantages of a Home-Based Business
Starting a business from home provides several key benefits:
Lower Costs
Operating from home can save most of the £35,000 average start-up costs. You likely have nearly everything you need already, such as a garage, loft, spare bedroom, or garden shed. Even an older computer is usually sufficient unless your business relies heavily on cutting-edge technology.
More Time
Commuting consumes valuable time. By working from home, you can eliminate travel time entirely, investing those hours directly into your business.
Less Stress
Daily commuting is stressful, often involving traffic jams and delays. Working from home removes this stress, allowing you to focus more on your business activities.
Finding the space
First, list all activities your business requires. For example, a bookkeeping service might need only a computer and software, while repairing musical instruments might require a workshop.
Consider your neighborhood and any restrictions on business operations, such as manufacturing with hazardous chemicals or having frequent deliveries.
You don’t have to carry out every business activity yourself or on your premises. Outsourcing certain tasks can free up space and resources.
Home Office Space Options
Using The Garage
A garage is a discreet space separate from the house and free of family traffic. According to the RAC Foundation, although 71% of motorists have a garage, only 41% use it for parking cars. Most garages are used for storage, making them ideal for conversion into a business workspace.
Parking Space
A caravan-based office in your driveway or parking space is an option, though it requires checking legalities and neighbor considerations. Ensure your house deeds allow for a caravan, and discuss your plans with neighbors.
Garden
You can install a shed up to 4 square meters without planning consent under certain conditions. The shed can’t be bigger than 50% of your garden and must comply with local regulations. Garden centers sell sheds suitable for home offices, and companies like Portakabin and Britcab offer portable room options.
Attic
Converting an attic can be costly, starting at £10,000. This option may be better considered once your business is established.
Spare Room
A spare room offers heat, light, power, and privacy. Transforming it into an office is quick and cost-effective. If it’s currently a bedroom, consider adding a sofa bed to accommodate occasional guests while maintaining a workspace.
Key Considerations for Home Office Space
- Lighting and Temperature: Ensure the space is well-lit, warm in winter, and cool in summer.
- Comfort: Avoid claustrophobic areas since you may spend long hours in the space.
- Privacy: A door to separate work from family life is beneficial.
- Room for Expansion: Anticipate future business growth and ensure the space can accommodate it.
- Utilities: Ensure access to power, telephone lines, and the internet.
Compliance and Regulations
Check local rules and regulations before starting a home-based business. The extent of changes to your home’s use will determine if you need planning consent or building regulations approval. Inform your insurer of your business activities, as home insurance typically doesn’t cover business use. Additionally, you might need permission from mortgage lenders, landlords, or freeholders.
If your business creates additional refuse, check local council policies on waste collection. The NetRegs website provides environmental guidance for small businesses.
Communicating with Neighbors
Informing neighbors about your business plans can prevent misunderstandings. Discuss any potential disruptions and ensure they are comfortable with your activities.
Engaging Family Support
Your household will be affected by your home-based business. Keep your family informed about your plans and discuss how to share the space. Offer them benefits, such as improved internet access, to gain their support.
Maintaining Professionalism
Working from home can blur personal and business life. Dress appropriately to signal that you are ‘at work’ and to maintain a professional mindset.
Achieving Work-Life Balance
Starting a business from home allows for a better work-life balance. You can manage family commitments more easily, like taking children to school or handling emergencies.
Organising Yourself
You are the primary resource for your business. Devote as much time and energy to it as possible while maintaining your sanity.
Setting Goals
Your business plan sets the direction, but you need to break it down into tactical tasks, such as preparing your workspace, calculating breakeven points, negotiating loans, or finding suppliers.
Deciding On Working Hours And Routine
Define your working hours, considering customer needs, family commitments, and your own productivity patterns. A routine helps family members respect your workspace and business hours.
Motivating Yourself
As a solo entrepreneur, you must self-motivate. Achieving business goals and having passion for your work helps. Reward yourself for successes, from simple pats on the back to celebratory outings with your family.
Conclusion
Running a business from home offers flexibility and reduced costs but requires careful planning and organization. By creating a dedicated workspace, complying with regulations, and maintaining a professional attitude, you can successfully manage a home-based business while enjoying the benefits of a better work-life balance.
