Running a business is no easy task, and when you’re running one from home there are a lot of mistakes that can be made, especially if you’re just starting out on your entrepreneurial journey. However, the problem here is that if you’re not aware that there’s a mistake you’re making, then how are you supposed to rectify the problem? Luckily, we’ve compiled a list of the most common mistakes made within home businesses, so take a look and see if there’s any changes that you could be making to your home business.
Not having a dedicated space to work
While it’s oh-so-tempting to work in the garden in this glorious weather, or to snuggle up on the sofa with your laptop and half watch that TV series you’ve fallen behind on, it’s not doing your business any favours. Creating a dedicated space to work will allow you to become more productive with your work, and also have the ability to separate work from home life. Many people have made the mistake of working all over their home and then discovering that they’re finding it hard to switch off from work mode. Also, you run less of a risk of losing important pieces of work or documents if you’re working from one space only. Create a dedicated space so you don’t fall into that trap.
Using your own address as your business address
A huge blunder that many new business owners make when working from home, is using their home address as their business address. While it’s not a lie, using your home address can lead to problems further down the line like disgruntled customers turning up at your door, or even nuisance letters being posted through. The solution to this is simple - use a registered office address for your post and calls to be directed to. Virtual offices are the perfect solution for people who work from home because they allow privacy to your home address, and even offer phone answering services so that you don’t have to.
Not investing enough in your business
Every business needs some sort of cash injection to be up and running successfully. Don't scrooge out when it comes to funding your business. If you’re starting from scratch with no money to put into it, then you should consider getting a business loan to help you get started. Remember to factor in the cost of all of your equipment as well as materials that you will need to use!
Failing to utilise the internet
Finally, the internet is possibly the most powerful tool that you could use for your home business. Social media has the power to either make or break your business, so make sure that you’re active regularly and interacting with your followers, and utilise the ability to be able to create adverts, run competitions, and also selling your products to your customers. Use the internet to your advantage to help your business grow!