If you are managing a small business that completely
holds transactions online or by phone and involves zero visits from customers,
suppliers and the like, it is sometimes ideal to leave the commercial space and
move the business to the house. A lot of people manage their business online
and you can do this too, but there are some things you need to consider:
- Check with homeowners. It may be smart for you to check into
your homeowners association for any restrictions to setting up a business
in your home. At the same time, you can also check your mortgage
restrictions to make sure that it will not conflict with your plans. You
may get away fine, without informing anyone about it, but if you want to
avoid any trouble in the future, you may want to get this straightened out
right away.
- Define definite boundaries. This is a significant personal
arrangement that you need to agree on right from the beginning so that
neither overlaps with the other. You need to define the extent of work and
home life, in terms of time and spatial boundaries. You need to set your
work hours and observe it strictly. At the same time, you need to follow
the hours you set for personal and family life, so that you allocate
enough for both aspects of your life.
- Make necessary changes. With the change in operations, you will
need to change the whole structure of the business to legitimize this
move. You may be required to pay some fees to properly carryout the
transfer, so consult with a business specialist or go through various
sources for the right information.
Moving your business from a commercial space to
the home presents with a number of advantages and disadvantages. It is good,
most of all, because your operations cost are lowered. But you have to be
amenable to all the other consequences of being in this kind of arrangement.