The business world continues to evolve and we keep seeing more and more people operating from home. According to some reports, almost 50 percent of all professionals will work from home by 2020. Some of the biggest reasons why this is the case include changes in the market, new lifestyles and technology that only continues to advance.
Nowadays, as long as you have a PC with a strong internet connection, you can work from home and run your business as efficiently as any other startup owner out there. But what is it that makes working from home so great? Listed below are five benefits you need to know about.
You get to avoid the commuting hassle
Australian city workers’ average commute time has recently reached 66 minutes and can have a huge impact on job satisfaction and productivity. In fact, a large portion of employees list commuting as one of the things they hate the most about their job. When working from home, you get to save that time and use it either to get your work done or to relax. Not to mention that as a remote worker, you don’t have to spend money on gas or public transportation, which can do wonders for your monthly budget. Not having to commute also helps you contribute to preserving the environment, making it a win-win for everyone.
You don’t have to rent an office
Startup owners who don’t operate from home have to find an office that suits their needs, design the interior and pay rent every month. All these expenses add up and can have a huge impact on your company’s finances. There’s no need to say that when starting a business, anything you can save can help you develop your products and get your business noticed. Designing a home office is much easier and all you need to do is transform a room into a home office. Nailing home office design isn’t tough and you can easily create a workspace that inspires you to stay productive.
You can hire anyone you want
When running a traditional business, the only people you get to hire are people near you. You can try to headhunt an employee based in another city but most startups can’t afford anything like that. However, when you’re based at home, you’re able to add any professional with a PC and internet connection to your team. This increases your pool of potential employees and makes finding the right employees much easier. You can even have Skype job interviews, just to make sure you opt for the right people. What’s more, you can connect with financial technology companies such as Data Zoo and communicate with them online.
You can set your own work schedule
Most jobs involve set work hours that you simply have to follow. Operating from home allows you to set your own schedule and align it with your preferences and family obligations. For example, some people feel they’re more productive in the evening and if you’re one of them, there’s no reason why you shouldn’t be able to run your startup from 8 p.m. Not to mention that flexible work hours also mean you can be available to your clients 24/7, which only helps grow your client base.
You get to be more productive
One of the best things about working from home is that there are fewer distractions than you’d face in an actual office. Just think about it – how much time does an average worker waste on talking to their colleagues and answering phone calls? If you have a home office and set boundaries with household members, you’ll be able to focus entirely on the task at hand. In case your employees are remote workers as well, they’ll be able to do the same, thus helping your startup improve its operations and grow.
You can operate from any room in your home
Another great thing about remote working is that you can run your startup from just any part of your home. For instance, if you want, you can work from your backyard during summer or right next to your fireplace in winter. All you need is a good laptop and any room in your house can turn into an office. There are even stories about people working from the kitchen while preparing a meal for their family.
Over to you
There’s no doubt that working from home is awesome and with the way things are, your startup’s chances of succeeding can increase if you decide to run it from your home office. Connect with other people who enjoy working remotely and you can be assured your business will do well.