This article is designed to give ideas to individuals who are currently managing their business from home, and may be looking for ways to expand and increase revenues.
Expanding our business is possibly the one thing that we do not consider when we first start-up our home enterprise. We often sit with our laptops, a little storage space, and not too much else, and think that this will do us for the rest of time. Of course, as we begin to get the taste for business our inner ambition takes over, and we see that due to our success we need to expand.
Easier said than done, usually, so what can you do?
If your home business is generating enough revenue for you to leave your regular job, then do so. This may seem a drastic step but you will find yourself able to dedicate much more time and resource to your home business than you have in the past, thus potentially accelerating your rate of expansion.
If your business has reached the point where you will likely be meeting clients on a regular basis, then you may need to consider buying or renting office space. When you were a simple, stay at home operator, perhaps meeting a client in town or even hosting them at your house would have been okay. Now you are looking to hit the big time, however, it may be best to have a professional office where you can host them rather than have your pet dog sniffing around as they enjoy a cup of tea and a biscuit at your kitchen table!
If you are operating an e-commerce website then it is definitely worthwhile looking at whether you can increase your storage space. It may well be that you are able to keep everything at home, but now that this is a serious venture do you really want to come home from the office every day and see a pile of stock either side of your television when you are sitting with your feet up?
Consider that your office space may well have space available, and could be a useful option.
Look at Outsourcing
Look at the list of things you do and consider what could be outsourced. Could you use a virtual PA to take care of your dealings with suppliers? Could your storage space be remote and could you have an employee there who deals with dispatching orders?
Considering outsourcing some aspects of your business might seem like a needless financial spend, however if it frees you up to be doing important, revenue generating tasks it will usually pay for itself.
Take advantage of these possibilities, and enjoy the lucrative potential of expanding your home business in the near future.
Harworth Estates are one of the largest landowners in the UK with access to over 30, 000 acres of land and to the right office space for business.