There are many types of work-from-home businesses.
There are business opportunities that allow you to be an agent for someone else’s product so you can work from home. Some people have online, home based businesses. As many businesses start out, they also base themselves from home until they grow big enough to afford premises.
But what about living your big dreams through a growing business and still choosing to keep your business based at home for lifestyle reasons? What about a work-from-home business where you can still hire staff?
Taking the corporate edge off
A relaxed working environment can be created where the entrepreneur can avoid traffic or be available for family demands. Working mostly from home out of choice takes the corporate edge off and allows the entrepreneur to be more themselves.
With current technology and cultural mindsets, it’s possible to base a business mostly from home, keep growing your team, do what you love and do high turnover.
This is how I have structured my own business. I currently have seven people on my team and my business is still growing. This kind of thinking is allowing me to create a relaxed lifestyle of working on my laptop not only from home, but from anywhere in the world.
A strategy is required that may include one or more of the following elements:
1. Embracing outsourcing
It is possible to outsource just about anything these days. The more you are able to outsource, the less infrastructure you need.
You can outsource by:-
- Hiring other entrepreneurs to do key tasks for your business. Put them on a monthly retainer.
- Using outsourced staffing companies who put your staff on their payroll and manage them for you. This works especially well for admin functions, but can also work well for sales staff if you implement correctly. You will still need to take ownership of training these staff in order for this to work.
- Use freelancers. There are many websites that allow you to source freelancers. Most freelancers are great for spot jobs.
2. Creating flexi-working conditions for your team
If you do need to hire people, you can allow your staff to work mostly from their own homes. This takes time, training, systems and setting up mutually agreed upon goal orientated outcomes.
When implemented properly, this builds a culture of staff self-sufficiency. This in turn allows you the freedom to issue instructions to your staff online.
3. Incorporating online systems in your business
Online systems enable yourself and your team to constantly know what is going on even if you are working in different locations.
Online systems include:
- Customer Relationship Management (CRM) systems that enable up to date tracking of everyone’s interactions with clients from lead, to sale, to notes.
- Document Sharing systems that enable different people to work on the same documents and keep everyone in the loop.
- Calendar Sharing systems that ensure everyone’s daily schedule is known to everyone else in the team.
- Simple use of email, Skype, telephone, social media or other social applications to keep communication open at all times.
4. Create appropriate working space both inside and outside the home
While you can work mostly from home, you may need to still have some working space outside of the home.
In your home you may need:
- A home based office, or if this is not possible;
- Dedicated working space separate from your living space
Outside of your home you may need:
- Space for client meetings. You can use professional meeting rooms at business centres for this.
- Operational space. You may still have operational working space outside of your home, but you can have managers overseeing the operation for you and you only go there as necessary.
A strategy to work from home with a growing business takes time and conscious implementation. However, ultimately having a more relaxed entrepreneurial lifestyle can really make it worth the effort.