Being self-employed can be a liberating and wonderful experience, which is why many people have chosen to establish a home business. If you are thinking about starting a home business, you will need to have certain things in place to trade legally and effectively.
Every business, big or small, is legally required to have business insurance before they can begin trading. There are many different types of cover such as professional indemnity (or errors and omissions), which will help to protect your business from financial loss under certain circumstances. If you are going to be hosting clients or customers in your home, you will also need public liability cover.
Your business will need the right equipment to get the job done properly. You may only require the use of a computer and other general office equipment. However, if you are manufacturing products at home, you may needs tools such as electric saws, plastic welding kits, a pottery wheel, chisels, etc. depending on what your business makes.
You will need to create a suitable working environment for yourself at home to help you separate your personal space from professional space. This not only appears more professional, but it has a better psychological effect if you can separate the two. You could convert one or two rooms in your house into a home office, or if you have a garage or other outdoor building these too, could be converted into office spaces. If your business does something like woodwork or pottery making, you will need a space big enough for a workshop. You may need to build one on your property.
If you are going to have clients visit your home for business meetings and so forth, consider the parking options you have available on or around your property. Your home business should be easily accessible, and you will need to let clients know where they can park their vehicles safely.
Again, if you’re going to sell products from your home or have client visits, there needs to be a clear indication of your business outside of the house. Although they are likely to know the address, it helps to make your business look more professional if there is a sign with your company logo on show. Place it on the garage, workshop or window of the rooms you have converted into a home office. This will separate the professional space from the living area.
If you are going to sell your products from your home, you must consider distribution methods. For example, will you be delivering the products yourself, or using a courier service? Some order sizes will be bigger than others, therefore finding a professional distribution service is advised. Your customers must get their purchases quickly and safely to achieve high levels of customer satisfaction.
Starting a home business can be an exciting venture, but think carefully about these six things and how you can create a professional working environment.