Running a business from home

Running your business from home is harder than a lot of people think. Here we discuss what some of our clients have found out about running a business from home.

Finding the space

If you’re just starting out you may not be able to afford to build or convert a room just for your business, so you will need to find space within your home.

Many people underestimate just how big a change that can be. If you truly want to focus on your business and not blur the boundaries between your home and work lives, you need to completely dedicate that space to your work, which is almost as big an intrusion as taking in a lodger!

You need everything relating to your work, such as paperwork and files to be quickly to hand at all times, but at the same time you need to know that you can walk away from it at the end of the working day. This can be very difficult if you don’t find a room or area you can totally dedicate to your work.

If you do decide to build or convert a room for work, be sure to check with your mortgage lender, your home insurer and your local planning office before going ahead with any work. If your insurers restrict or cancel your policy, we have a household insurance policy designed specifically for homeworkers.

Intrusions

You may be proud of the fact that you’re setting up in business on your own and will want to tell everyone you know! It could be wise though to be careful about who you tell that you’ll be working from home.

One of the downsides of working from home is that friends and family might just be tempted to drop in for a coffee because they know that you’ll be at home all day. They might even think they’re doing you a favour by dropping in to break up your day and not realise how busy you are.

So, you should probably only tell very close friends that you will be working from home, and make it clear that you’d appreciate it if they didn’t drop in during working hours without checking with you first.

There will of course be other intrusions such as post and parcels being delivered, and phone calls to your home phone number. These will be harder to avoid, but you might want to consider registering your home number with the Telephone Preference Service to ensure that you don’t get lots of sales calls during the day.

Keeping things separate

We’ve already said that having a dedicated workspace is important, but that’s not the only way to keep your home and work life separate.

A separate phone line for work needn’t cost a lot more, especially if you use the same supplier as for your home number. This would mean that you could screen your calls more carefully and avoid taking work calls out of hours, or on days you’ve set aside as holidays.

As with your home phone, you can register your work phone number with the Telephone Preference Service if you feel you are getting too many sales calls. A lot of our clients have set up in business and done all they can to get their name and number out there to promote themselves, only to find that most of the calls they receive are trying to sell them something, which can be very frustrating.

Time management is another important aspect. Working from home gives you the whole day to do all of your work and personal tasks as and when you please. This might seem attractive, but people we’ve spoken to have found that it can be a hindrance.

You may be better off structuring your working day much like before, and only breaking off for things like doctor’s and dentist’s appointments or genuine emergencies so that you don’t end up at the end of the day wondering where all the time went, and not having achieved what you wanted to. You could also lose sense of what’s your time and what’s work time.

Of course, there may be good reasons why you need to work flexibly, such as having young children or needing to fit round the times your clients are available. However, if you don’t structure your day and finish your work as early as you can, you might spend a high proportion of your day with unfinished work on your mind.

Exercise and wellbeing

Working long hours can be counter-productive after a certain point, and staying in one place all day and night might leave you feeling a bit trapped by your work.

By not travelling to work any more you will have freed up some time, so why not use it effectively? Think of all the things you may have put off in the past simply because you haven’t had the time, such as exercise or learning something new, and get in to the habit of using this free time for those things.

Act quickly, so that these new activities will become part of your new routine before they get forgotten. Otherwise, you may just spend more and more time at your desk or in front of the computer screen.

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