Case Study: My Experience With Resources

Business Work Within or From One’s Home

Historically, people did business within their homes, or used their homes as a base for operations. There are still set-ups where professional practice or cottage industries are done within the residential premises or from the house in rural communities today. It is common in these areas for medical practitioners, dentists, building tradesmen, and enterprises producing or selling processed food, to maintain operations within or from the home. Entrepreneurship has always powered human kind in “conquering the world”. That drive has now created industries with offices and plants away from the domicile of people, requiring them to travel daily to and from work (with many spending a substantial portion of the day devoted to the commute). That same entrepreneurial spirit, however, is also fueling the movement of more people towards home-based business opportunities as a means of getting out of the rat race.

It is deal if an individual is able to set up a home business with minimum entry barriers and low capital investment. The provision of goods or services that people look for, yet not many other businesses offer within the immediate locality, are enterprises that do make money. It is inevitable, however, for others to emulate the success of a trailblazer, which increases competition. A home business operator must devise means of maintaining a unique selling or service attribute (to keep an edge and sustain a profitable client base) when this occurs.

Various websites provide eLearning courses that cover basic business fundamentals and how to jump-start a home business. These contain guides on how to create a viable business plan tailored to what the would-be entrepreneur has in mind. There are those who also detail how to avail of business loans and point out potential financial assistance sources for augmenting capital or operating funds.

Online info-sites also provide checklists on applicable laws and regulations that have to be complied with for securing a permit to operate a home business. Particular types of businesses may not be permitted to operate within or from a residential zone. Some communities may be concerned with the traffic congestion the business may bring in, or the goods having materials hazardous to the health and safety of people and the environment. Home businesses that have adverse impact on the social or cultural norms particular to the area may not be allowed.

Home-based operations do not necessarily involve a person setting up an enterprise. Business processing companies engage people as home-based partners or free-lance agents. Others are quite good working from home as online direct marketers and sellers for the products of certain companies. Many today get decent income writing blogs and web content.

Working from the home as an entrepreneur or agent requires more than a college degree, persistence and/or finding the right business to focus on. The individual must be adept at optimizing use of applicable technology and media to build a network of connections that can sustain a home based business undertaking.

Source: Better Home Business