Work from home-pros and cons|We receive a lot of inquiries from our followers who are small business owners about the viability of working from home – with a home-based office.

We have explored this in our publications on a number of occasions however it may be worth another review for our entrepreneur readership. Starting a new business and getting a new venture off of the ground and moving forward is always both a challenging and exciting event. For many entrepreneurs, a low or even no capital base is often their starting points. This translates into a need to exercise considerable diligence when it comes to incurring business expenses.

A work from home business certainly has the obvious advantage of a low rent or no rent situation. There may even be jurisdictions where a home-based office could become a tax advantage – to delve into this area further consult your local tax expert or accountant. The type of business that you run will often dictate whether or not a home-based office is appropriate. If you are in a high-traffic environment, then a home-based business is probably not an appropriate approach.
With a home-based approach it is not unusual to find that it is a one-person operation. However, every entrepreneur plans to grow their business and to grow as quickly as possible and so once a business owner starts adding staff the home-based aspect may not become practical-or perhaps even legal. Always check with your local authorities as to any licensing needs that may be in place if you run a business from your residence.

To determine what is right for you look at the aspects of business traffic that you need to attract, the footprint of your business and the visibility that it may need to customers and clients. As we have discussed in the past there is a definite serge in social network type businesses and network marketing. If these are areas for your business, then probably a home-based office is a good starting point where your cash flow can be preserved, and income channeled back into business growth opportunities.

Whether you have a home-based office or a rented office always remember that planning is the key to success and you need to establish your plan before you establish your office format. For more reading and background information please visit us at www.quic-facts.info