Here’s How To Approach Setting Up A Home Run Business
Through the COVID-19 pandemic businesses were forced to adapt. Many were not prepared nor were they able to quickly switch to a home run business model.
A lot of older companies were stuck in the past and there was no real way for them to change up their model at the late stage in the game. Some businesses had no online presence at all and found it impossible to stay afloat in the sea of lockdowns.
Due to this, if you are setting up a new business, it’s important to understand that there are very few businesses that can’t be run from home these days. As such, a home run business should always be your starting point. But, if you are planning on taking this route to setting up and running a company, then you need to make sure that you are approaching it the right way. Here are some of the options we recommend that you explore.
Think About Your Environment
First, you should think about your business environment. One of the first mistakes that people make is thinking that they can work from anywhere when they are operating from home. Some people will have their laptop in bed while others will work at the kitchen table. Instead, you should think about setting up a designated space in your home.
If you don’t have a spare room, then you might want to use a room divider to ensure that you have the right level of privacy. You should also buy or set up a desk and an office chair. An office chair will be ergonomic and hopefully reduce the chances of you developing issues that will impact your productivity and performance like RSI. It’s worth adding a plant or two to this space as well. Research shows that higher air quality can have a positive impact on elements such as concentration and productivity. Adding a few plants around the place is one of the easiest ways to achieve this.
When you are setting up your office space, make sure that you do consider things like temperature. If an office is too warm, then this is just one more reason why it will be difficult to stay productive. We’ll talk about other issues a little further down.
Get The Software
Obviously, if you are running your business from home, then you will need the right computer or laptop depending on how flexible you want to be. If you are using a laptop, it’s worth also purchasing a mouse. Again, this is another way that you can reduce the chance of health issues like RSI. How much you should spend and what type of laptop you need will depend on the type of work you are completing. Obviously, if you have extensive software requirements, you’ll need to invest in a more powerful piece of equipment.
Once you have the computer in place, you then need to consider the different types of software that you should add to it. A classic option would be Office 365. You can see this as a digital tool box that will provide virtually everything you need to effectively run your business from home. You can use this guide to find out everything you need to know about this possibility.
Of course, there are additional possibilities that could be worth exploring as well. For instance, you might want to think about investing in a cloud accounting software. This will allow you to keep a check on your spending in real time and ensure that it does not grow out of control. The last thing you want is to end up in the red with your new company.
Dodge The Distractions
It’s easy to get distracted regardless of where you are working, but things become a lot more tricky and complicated when you start running your business from home. Why is this? Well, as a starting point, you need to think about the fact that people in your home aren’t going to fully accept that you are at work. It doesn’t matter whether you are in an office, they’re going to see you as available. This is particularly true for children who just see that their parent is at home and therefore available.
You’ll need to let your family know your work schedule and then do your best to stick to it as much as possible. That way, you can keep your productivity standards high. You should also attempt to avoid online distractions as much as possible. It’s easy to waste time on different pages across the web. That’s why you need to think about using screen blocking software. This can ensure that certain pages not relevant to your business are unavailable at key times throughout the business day.
Create The Right Presence
It’s possible that you do need to think about your presence when you are running your company from home. Sometimes, it can be difficult to get the level of attention that you want because clients will cast you aside as not being powerful enough to provide the service that they need. If this is an issue, then you should think about how to create a stronger presence with your business. One of the ways that you can do this is by making sure that you do invest more time and money into your website. When you are running your business from home, your website becomes the main aspect of your brand identity. It needs to tick all the right boxes. This is easy to do if you take the right steps in terms of design and layout.
You could also think about using a virtual office service. A solution like this will mean that it seems as though your business is being run and managed from a major city address instead of from the comfort of your home. Some virtual offices will even provide you with boardrooms that you can use to meet clients. This is always going to create a huge impact and increase your overall prescence.
Finally, you need to think about hiring the right team to help ensure that you can run your business without everything falling on your shoulders. While it is possible to run a company without any assistance, most models will require you to have at least some help and support.
The best way to tackle this problem will be to hire freelancers or an outsourced solution. In doing so, you can keep the costs under control while still gaining access to the high level of expertise that you need in various sectors of your company.
Remember, the service that your team provides will always impact the perception of your business. As such, you do need to make sure that you are checking their reviews and past history on the market. Do not fall into the trap of using a team because they are cheap and easy to manage with your current budget. Taking this step will always end up costing you far more in the long term.
We hope this helps you understand some of the key steps that you must follow when you are setting up a home run company. By exploring the best options here, you can guarantee that your home company has the best chance at success and at the same time, avoid some of the more common pitfalls that people do tend to fall into when they are in the first stages of bringing a new company onto the market.
Don’t forget, there’s a lot of reasons to set up a home run company. It will always be easier to keep the costs under the right level of control.