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Home Sweet Home Working
Working from Home – Is it for me?
Chris Pearson
Content
• Pros & Cons of running a business
• Have you got a good idea?
• Have I got what it takes?
• Pros and cons of run...
Pros & Cons of Self employment
Advantages
• You are your own boss
• Time is flexible
• There is no ceiling on
your earning...
Viable idea?
Key Questions to Ask Yourself…
• Is my idea legal?
• Will people buy my product / Service?
• Will I make a pr...
Have you got what it takes?
• Skills – Technical, business
• Characteristics – Attitude, Discipline,
tenacity
• Motivation...
Pros of working from home
• Low cost
• Offers convenience and flexibility
• Supports work / life balance
• Overall can be ...
Cons of working from home
• Professional isolation
• Difficulty separating personal life from
business
• Easy to become di...
Home working Issues to consider
• Does your lease / deeds allow you to run a
business
– Tell your landlord / mortgage prov...
Issues and Implications of Working from Home
• You need to comply with Health & Safety
regulation
• Don’t forget your fami...
Hints and Tips
• Working from home does not confine you just
to home
– Meet your customers
– Meet your networks and attend...
When do I Leave Home?
• When image becomes important
(prestige)
• When you need to recruit employees
• When your domestic ...
Any Questions?
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Home sweet home working -

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Home sweet home working -

  1. 1. Home Sweet Home Working Working from Home – Is it for me? Chris Pearson
  2. 2. Content • Pros & Cons of running a business • Have you got a good idea? • Have I got what it takes? • Pros and cons of running a business from home • Issues and implications of running a business from home • Hints and tips • When is it time to leave? • Any Questions
  3. 3. Pros & Cons of Self employment Advantages • You are your own boss • Time is flexible • There is no ceiling on your earnings • Job satisfaction • There may be tax benefits • You make the decisions Disadvantages • You need self-discipline • You have to manage your time carefully, • There is no floor on your earnings • You are completely responsible • No payment for sickness, holidays etc
  4. 4. Viable idea? Key Questions to Ask Yourself… • Is my idea legal? • Will people buy my product / Service? • Will I make a profit from my business? • Can I make a living from my business? • Have I got what it takes?
  5. 5. Have you got what it takes? • Skills – Technical, business • Characteristics – Attitude, Discipline, tenacity • Motivation • Support – family, financial, professional • Capacity / time – 168 hours per week • Space – premises, home, serviced office
  6. 6. Pros of working from home • Low cost • Offers convenience and flexibility • Supports work / life balance • Overall can be less stressful • You may be able to get tax relief on domestic bills • More practical for people with special needs or disabilities
  7. 7. Cons of working from home • Professional isolation • Difficulty separating personal life from business • Easy to become distracted by domestic affairs • May undermine professional image • May need planning permission • May need to pay business rates • Clients may turn up uninvited or late
  8. 8. Home working Issues to consider • Does your lease / deeds allow you to run a business – Tell your landlord / mortgage provider / Home insurance provider • Do you have space to work effectively – Can you leave your papers untouched overnight – Is your kitchen big enough – Do you have enough storage space (DPA?) • You may need to apply for planning permission if: – You change primary use of premises – Clients coming and going – Creating smells, noise
  9. 9. Issues and Implications of Working from Home • You need to comply with Health & Safety regulation • Don’t forget your family, friends, and neighbours • You may need a trading license – i.e Child minding, health & beauty, food (LA dependant) • You need to comply with the Disability Discrimination act. • IT & Communications
  10. 10. Hints and Tips • Working from home does not confine you just to home – Meet your customers – Meet your networks and attend events, forums and meetings – Market research is not just about sitting behind your desk • Consider buying used furniture • Set aside a separate space and ground rules • Set up a separate phone line • Working from home does not mean you have to look small to your customers • Go to work! (get yourself in “the Zone”)
  11. 11. When do I Leave Home? • When image becomes important (prestige) • When you need to recruit employees • When your domestic equipment / space becomes inadequate • Personal desire
  12. 12. Any Questions?

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