On the work front, especially for new graduates entering the work place, there’s been a recent increase in people choosing to work from home, which makes sense really, when you think about it.
The costs to start your own service, after learning whatever skills you did in university, be it web design, graphic design, literature, accountancy, or legal work is minimal, when you choose to do it from home. The only things you need are a computer, a bit of space to work from, an internet connection, and the ability to communicate with customers.
That creates a real opportunity for those struggling to find graduate jobs to increase their employment by freelancing to start their career.
It gives real work experience, and a paid wage for services rendered, in addition to valuable work experience. However, off that income, there are expenses to be paid.
The cost of doing business isn’t always free. There are calls to clients to generate business, and then some more to maintain customer services.
Any business (home or not) needs to have cheap communication solutions in the founding days
Even it is just as a means to gain work experience and not a long-term venture. You need to know that you’re maximising profits by lowering the cost of doing business.
When you’re starting a business from home, you’re definitely going to need internet access. It’s what keeps your lines of communication open. You could be video conferencing with your clients, sending emails, or using different platforms for file collaboration.
All of those are going to be eating into your internet usage plan.
You’re also going to be spending more time in the house, in front of the computer, which will raise other utility bills, electricity to power your computer, and gas to heat your working environment.
Those are costs of doing business from home, but they can be offset by lowering the cost of communication and your broadband package.
For those who are doing their own marketing online as well, there’s even more data going to be consumed. That can push you towards signing up for an unlimited broadband package to ensure you don’t go above your monthly data allowance.
Again adding costs to your bottom line.
There are ways you can implement yourself to lower the cost of communication, but not all of them are going to be the right fit for your needs. In the start up days of your business, you’ll more than likely be doing a lot of conferencing and your phone bill will likely see an increase from calling up prospects to generate business.
If you’re using the home business for experience and short-term money, while supplementing your time with continuous job hunting, you’re going to have even higher communication costs, some of which could see you working for experience only, and not making a profit. When you’re trading your time in a non-profit producing business, you will run the risk of lacking in communication with clients, and lowering your customer satisfaction.
Not a good way to start your career.
The lower your cost of business the more competitively priced your service will be
It makes sense for anyone interested in any type of business start up, to pay close attention to the cost of doing business. The lower your overheads, the more earnings you make. Therefore, since you’re working from home on a computer, you need to lower the cost of your business phone calls, and find the best competitively priced broadband deal that’s right for you.
Some of the best deals can offer unlimited usage with a number of add on services that can help your business get off the ground. Professional geographic telephone numbers to give your business a pro look in your marketing. Those can be handy instead of marketing your home phone number, which isn’t going to look too professional.
And you can have a separate phone line to keep your business calls and personal calls separated.
For running any adverts, online and offline, you’ll have people calling. When you’re working from home, you can only deal with one call at a time, as you won’t have the resources to staff a switchboard and manage your calls.
Instead, you can have call waiting features implemented, diversions to voicemail, or to your mobile when you’re away from the computer.
For the calls you receive on voicemail, you’re going to be calling those people back, and that’s going to push your business phone call usage upwards.
Anything you can do to bring those costs down is what you need to do to make your venture a success.
That can start with packaging up your needs into a service that fits into your needs:
Broadband with unlimited usage
Unlimited mobile calls
Free voicemail retrieval
Cheaper line rental
And a fixed cost for unlimited calls for business
That also gives you the advantage of a fixed monthly fee. When you’re in the founding stages of starting any business, fixed fees are what will help you with your financial forecasting.
The more you know about your costs of doing business, the better you can price your services competitively, and churn a profit for your work, and perhaps even fund your job search, whilst gaining invaluable work experience, and business skills.
If you’re on the fence about starting your own business from home, then use the information above to decide if it’s something you could do, to gain work experience while you’re looking for work.
This year has seen plenty of graduates take up the work from home mentality, as it is a cost-effective way to do business, and can be started easily, with little investment required.