The Home Office
Before we move through some of the newer options out there, let’s look at the tried and true way of starting a business – the home. More than 50% of all small businesses have been started in a home. Google, Apple, Amazon, Microsoft, Hewlett Packard and Disney were all started in a garage, basement or spare bedroom.
There are a lot of upsides to starting out small and at home, but it’s not for everyone.
If you’re serious about basing your business out of your home, even it is just temporary, here are some things to consider:
Mindset. Running a business out of your home can be filled with distractions, from the warm bed in the next room to the TV and refrigerator upstairs. If you’ve telecommuted during the pandemic, you know how distracting the comforts of home can be. Ask yourself if you have the discipline to maintain focus.
Separating life and livelihood. No business is 8 to 5, especially in the beginning. But you need to find a comfortable balance between work and play and set boundaries from the get-go. Checking your email every five minutes because a big project is supposed to get the green light is fine now and then, but not day in and day out. A business can be a very cruel mistress, one that can severely affect your home life and relationships if you let it.
Customer comfort. Thankfully, this isn’t as big of an issue as it once was. Coworking spaces (more on these in a minute) and local coffee cafes allow you to meet in a more professional, or at least less personal, place. Nothing says amateur more than a two-year-old wandering into a meeting or having your prospect distracted by your pirate-themed basement.