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If you want to start your own small business but also want to keep your outgoing costs to a minimum, starting a business from home might be the choice. For a start, there are no hefty rental costs that there would be if you had to rent space for your business.
There are a few things that you may need to organize before you can get started. Many startups require funding to get them off the ground, so you might need a business loan. It’s a fairly simple process, and providing you meet the criteria, the money can come through fairly quickly. It’s a good idea to go through a broker to ensure you get the best rates, and it could also increase your success in being approved. Many brokers work nationwide, so they can arrange business loans in Sacramento, New York, or anywhere else for that matter.
You may need to tell your home insurance if you’re working from home, or it could affect your policy in the event of any future claim. Your premiums may go up slightly, but it shouldn’t make too much of a difference. Public liability insurance may also be required depending on the nature of your business.
Here are three small businesses you can start from home:
Many architects and architectural technicians find working from home works far better for them than working within an office or for another firm. Being in your own space allows your creative juices to flow and provides you with a means to work on projects during non-business hours if you want or need to.
Ensure your space allows adequate room for drawings and plans to be laid out, and have a seating area for clients who may visit to discuss your proposals and ideas. Just because it’s your home doesn’t mean that the space can’t be professional as well as welcoming.
Many small businesses are always on the lookout for someone to take care of their books for them. When a business expands, it can be difficult keeping track of income and expenditures, particularly if numbers are not the owner’s strong point.
If you have the skills, then this kind of business could take off. You can work from the comfort of your own home within hours that suit you and – even better – with minimal startup costs.
Personalized Gift Business
If you have some creative flair and crafting is something that interests you, this business might be perfect for you. From monogrammed purses to personalized children’s nightlights, people love receiving gifts made specifically for them.
To get started you’ll need a cutting machine such as a Silhouette Cameo or a Cricut Maker. Heat transfer vinyl is used for making fabric items and adhesive vinyl for non-wearable items such as notebooks or gift boxes. Compatible designing software allows you to get started straight away, and once you get the hang of it, there will be no stopping you. The only restriction is your imagination.