Pros and Cons of a Home Business

Five Advantages of Starting a Business from Home

Home business opportunities are no longer a trend that can be ignored.  The Covid-19 pandemic has made an incredible impact on the world of work. In addition, the pandemic forced businesses, large and small, to seriously rethink the old commute to office model.  Hence, business owners are recognizing real world advantages of the home business.

Rise of Home Business Opportunities

Home business opportunities like disability advocacy provide the owner with multiple benefits.  Advances in technology has enabled companies to quickly shift from in-office to working from home. Consequently, businesses discovered that working from home was not only possible, but preferable.

The dramatic shift in work location highlights five essential advantages of the home office.  As a matter of fact, these inherent advantages assure that the home office is here to stay.  Hence, if you are considering starting a certified business opportunity, your first option should be a home office.  The top five advantages of a business from home are:

• Employee Convenience
• Reduced Overhead
• Increased Productivity
• Easier Staff Monitoring
• Reduced Staff Conflicts

Employee Convenience

Recall the old commute to work model.  The commute to office model required that you get up earlier, dress appropriately, commute to work, perform the work, interact with staff, commute back to home and repeat this process at least five days per week.

A home business provides exceptional convenience to both you and your employees.  To start, with no commute, you can extract additional time for work or leisure.  In addition, you can eliminate  the cost associated with a daily commute.  The home-based business owner can also enjoy fewer environmental distractions that can increase productivity.

Reduced Operational Overhead

Employers who have implemented work-from-home for their staff have realized an incredible savings in office overhead.  Also, a home office reduces the need for space, which can further reduce  rents.  Furthermore, a home office reduces utility bills and office maintenance.  Furthermore, you can eliminated the costs of janitorial services and facility repairs.

Recall the old commute to work model.  The commute to office model required that you get up earlier, dress appropriately, commute to work, perform the work, interact with staff, commute back to home and repeat this process at least five days per week.

A home business provides exceptional convenience to both the staff and employees.  With a home-based business, the team can extract at least one additional hour of rest per day.  An employee can eliminate both the time wasted and the cost associated with a daily commute.  The home-based owner can also enjoy fewer environmental distractions, theoretically increasing productivity.

Increased Productivity

Both staff convenience and technology have made it possible to extract more productivity from the average worker. Companies have discovered that employees are often more rested, less stressed, and more motivated when working from home.  Hence, a motivated worker translates into greater productivity.  Greater productivity increases the profitability of your firm.

Easier Staff Monitoring

The rapid proliferation of home office monitoring technology has made it easier for an employer to keep track of an employee’s work.  An employer can access the employee’s account and evaluate both the quantity and quality of their work.  This remote approach to employee monitoring also eliminates the “over the shoulder” stress often felt by an employee in an office environment.

Reduced Staff Conflicts

The effects of staff conflict are often ignored when considering the benefits of a home office.  However, reduction in-office friction is significant to a company’s functionality, productivity, and operational overhead.  A home business can significantly reduce the costs associated with Human Relations (HR) simply because employees interact less.  Imagine a working environment with less destructive competition, reduced sexual or racial harassment, fewer salary disputes, and a decline in petty grievances.   All of these home office advantages act to reduce cost and improve the bottom line.

Doesn’t Work for All Businesses

It should be evident that a home-based business opportunity would not work for all business types.  However, for most service businesses like non-attorney representation, a home office is the perfect solution.