Have you ever wondered what is a home based business? It is any business where the primary office is located in the owner’s home. It does not necessarily mean that you have to be at home working, just that its where you manage your business. Truck drivers, independent contractors, or affiliate marketers may travel or operate outside of the home, but still run a home business. According to the Small Business Administration, out of all businesses 52% are home based businesses in the United States. People are finding alternative ways to supplement their income or ways to be closer to their family. When you run a successful home based business, it will allow you to make money with little overhead. Also, these type of companies are subjected to tax breaks.
The first thing when you run a successful home base business is to create a space for your business. Some home businesses can be ran from a kitchen table, spare bedroom, or home office. However; if you have clients that come to your home, think about placing your home office at the front of your home to avoid the outside traffic throughout your house and think about investing in business insurance.
Second, get an additional phone line dedicated to your business. By doing this, it will enable you to have a “Yellow Pages” listings and will give people the opportunity to call for directory assistance or use an online look up to find your business by name. Answer or make sure whomever answering is polite, professional, and have a pleasant greeting. This will define your business as being legit.
Third, have a professional business address. Think about renting from a mail receiving service, office suite, or office for the day for your packages, documents, and meetings. Also, the business address makes your business stand out.
Fourth, get a business license. Most home base businesses require a business permit to operate their business and depending on your business it may require additional special permits.
Last, start networking and promoting your business. Create social media pages for your business, such as Facebook, Twitter, and/or Instagram, join business associations, and local trades to promote and advance your business and meet and/or speak with new potential clients.
To run a successful home base business, there are several ideas and pitfalls to learn from that can contribute to its success. Write your business plan out and work hard on your business.