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Setting up a home office
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| Guest post by: Rene Truter |
Article Overview: Having a home office may be an attractive option if you're running a small "one-man show" or starting out small with a view to expand once the business is off the ground. There are, however, some practical issues to consider before you start setting up your office.
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Setting up a home office
When starting/running a business from home, you need to have a plan of action with regards to the where, what, why and how of setting up your work-space. Knowing what your needs are and having a strategy for the office set-up will help things run more smoothly over the short and long term.
Whatdo you need?
Make alist of exactly what you need in order to establish and run your business. Your needs will depend on what type of business you are running, but the most important questions include:
- Do you have a desk big enough to do office work? Will you need two separate areas for different types of work or do you need a separate space where you can meet with clients?
- Is there enough privacy for you to work or make a call without distraction?
- Do you have enough storage space and equipment, such as a file cabinet, bookcase, credenza, etc.?
- What office supplies will you need?
- Where are the electrical sockets located? Will you need additional power sources?
- Will you need to buy acomputeror will you needa software upgrade? Where will you store backup disks? Is the storage area safe from fire, flooding, etc.?
- Do you need separate fax, internet and business lines (which is recommended)? Do you have voice mail or an answering machine?
- Do you have a smoke detector in your home office ora fire extinguisher nearby?
- Can you lock the door and windows? Will you need to upgrade your home's security in order to protect the business's property and assets?
- Do you need separate insurancesfor your office equipment and assets?
Now that you know exactly what your needs are, you'll have a good idea of the best area in the house to set up shop. If you have children or other family members living at home, you'll need to be away from distraction and have a space that is out of bounds for the rest of the household.
Aim to create an organised office area that meets your needs and allows you to be efficient and productive. You may have to get creative with the space you have available, such asstoring files in another room, but keepsupplies and files you use often close at hand.
Separate the professional from the personal
When working from home, be sure tokeep your personal life from spilling over into your business life (and vice versa). Not only does this mean stopping the kids from playing in your office, but it goes a little further. Set up a business bank account to avoid mixing personal expenses with your business expenses.
To further reduce confusion, try to store personal cheques, records and even post in a room separate from your office. Fully segmenting these two parts of your life may also help at tax time.
Use formal processes in your home office While you'll be more relaxed than the average work environment, it's important to have a formal system of operations for your home office. This includes everything from standardising record-keeping and paying invoices, to logging time with customers and mileage for business trips.
Keeping a few formal procedures in place for standard business functions will ensure your office stays organised, and that information is available where and when you need it most.
Organise your time
Flexibility is a key benefit of working from home. Yet, it still requires that you put in a fair amount of time. Setting a typical schedule for working in your office will help you stay focused, whilekeeping standard office hourshelps your clients know when you are available.
Once your office hours are set, don't forget to hang a clock where it is clearly visible. While this may seem obvious, the truth is that when working from home, it's easy to forget about time. Even though your work is at home, there still comes a time when you have it to call it a day and shut your door to the office.
Having a home office may be easier than finding an office space to rent or buy, but as you can see, it still costs money, time and creativity to set up. Doing it strategically will help you set the tone to strike a balance for doing good business on your own terms.
Copyright© 2010 Business Partners Ltd. All rights reserved. Related Articles
Article Tags: oneman, setting up a home office, small business
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About the Author: Rene Truter RSS for Rene's articles - Visit Rene's website The SME Toolkit is a project of the Small and Medium Enterprise Department of the World Bank Group and is available in multiple languages through local partners, such as South Africa, around the world. Business Partners Ltd, leading risk financing company for small and medium enterprises (SMEs), has made the online Toolkit available for all entrepreneurs in South Africa. The Toolkit is a joint initiative between Business Partners, the International Finance Corporation (IFC) and IBM, offers easy access to information, resources and online training relevant to SMEs in a large number of industries and business sectors. The SA SME toolkit provides how-to articles, business forms, financial tools, online training and information resources developed by leading experts, and free software tailor-made for SMEs. All aspects of business set-up and management are covered, from business planning to accounting, financial management, human resources, import /export, legal and insurance matters, marketing, sales, operations and information technology. The site also offers a range of self-assessment exercises and tools, aimed at enabling entrepreneurs to take control of problem-solving in their companies, and even to proactively implement strategies to avoid potential problems. Users have lauded the SME Toolkit as a one-stop shop for almost any piece of information needed to run their business. Register on the Toolkit today to start receiving the monthly newsletter and grow your business knowledge and skills. Click here to visit Rene's website Setting goals for your employees Keep your employees motivated Business Blues consider your risks Finding a female mentor Thinking of becoming a momtrepreneur |
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