An astounding 70% of Australian small companies are work from home! That’s lots of profit making companies selecting to not rent or buy premises. And the days are gone when individuals consider work from home companies as “cottage industry” or “hobby companies.” From my experience, work from home operators are mainly comprised of 5 types of companies.

Start-up companies that do not want the extra expenses in early stages of the growth

People intentionally capping how big their companies to allow them to fit it around their personal needs or family commitments

Online companies with internet shopping carts where there’s no requirement for a shopfront whatsoever. Possibly requiring storage and distribution channels rather.

Consultants with established client bases who generally use clients in their premises.

Providers like lawn mowing contractors, window cleaners and mobile hairdressers who complete all of their tasks in a client’s premises – only requiring to have their bookwork current at home.

I have canvassed lots of work from home business operators through the years I’ve been a small company owner, which I hear would be the 6 most widely used reasons that business proprietors select a office at home setup:

1 Versatility

There’s no-one dictating time the doorways is going to be unlocked in a commercial premise, and if you are planning the game of golf every Wednesday, your diary is complete Wednesdays.

2 Warm and friendly

Many work from home business proprietors organise their working week around school and family activities, therefore it poses no day care logistics and explanations to get directly into work late on a day.

3 Determining your own future

There’s no boss to work under, no routine particularly to flee with no solid rules of corporate existence to stick to.

4 Autonomy

Many work from home business proprietors have explained the versatility to alter their core business to match their clients’ needs keeps them interested and engaged. Plus you are able to morph your abilities into untouched markets quite rapidly when the economic system changes or you decide to expand more.

5 Selection of client

It’s very cathartic to sack a customer you discover difficult to utilize, which is frequently the customer whose expectations are not reasonable. Rather to be locked into nurturing balances, you are able to “choose your personal adventure”.

6 The uniform

How would you like to represent yourself to the corporate world? Whether it pleases explore to become suited up then that’s your choice to create. Around the flipside if you’re not meeting clients, then you definitely select how casual you dress during the day – every day not only Fridays.

Obviously many of these choices may become your downfall if you do not exercise discipline, plan your time and effort, network to source clients, form alliances and joint ventures where appropriate and finish try to the satisfaction of the customers. So… the things that work perfectly for many could possibly be the reason another goes bankrupt.

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