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Dear Entrepreneur: Do Not Belittle Your Home-Based Business

BY Soko Directory Team · June 15, 2020 08:06 am

Most successful business entities did not start in a well-furnished, ventilated, and wall-to-wall carpet office, they started in dingy space with men who had a vision and mission to accomplish.

Google was actually started in a garage while Facebook was conceived in a dormitory room, home-based should

It is also worth noting that it is not a smooth flowing venture as experienced today while working from home. The distraction of children around and taking longer to settle are some of the challenges one has to overcome. While making home your base of operation, it will be in your interest to choose a location you will call the office. This will get you going and give a signal you are at work.

What are the merits and demerits of starting a business from home?

The home-based business gives one an option to sell both locally and internationally through the online platform. One can also create a family business where other members of the family can chip in such as helping to reduce cost as a startup.

Moreover, it is a low investment with few expenses such as rent covered and others such as power, internet, and transport to work

The downside to a home-based business is the need to convert a space that can support business such as storage of goods equipment and operation office. This tends to disrupt one’s daily life as a space has multipurpose use as an office during the day and room at night.

One should also note that just because you are working from home does not give you immunity to comply with regulations related to your business such as a license. Furthermore, as the business grows you, the need for additional staff and space makes it a challenge to separate and control house and business affairs without overlapping them with workers.

Working from home allows one the freedom one has always craved for but also can be boring without interacting with people around you.

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Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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