Working from Home
There are different types of people who decide to work from home
: employees who are able to work from home for an employer, homeworkers
who are self-employed and those who decide to run their own business
To work from home for yourself needs planning and information; there
is no employer to take responsibility - your work is controlled
The first step to working from home is to ask yourself - are
you the right personality to be self-employed?
We are not all destined to be bosses, some people are more happier
doing a job and leaving any worries behind them when they go home.
Instead of starting your own business you may just need to find
the right job.
Being self-employed successfully is not always the right path to take
if you are merely unhappy with your work. To run a profitable business
you need to really believe in what you are doing, and your ability
to make a success of it.
Working from home - starting your own business
Check out the following list and be honest with yourself - do you tick
the boxes necessary to be your own boss?
- Are you able to work under your own initiative, without somebody
telling you what to do?
- Does your business idea motivate you to put in the hours?
- How do you feel about personally taking responsibility for decisions?
- Are you prepared to sometimes take risks?
- Do you perform well under pressure, or do you get stressed easily?
- Are you a positive personality, or do you see the negative side
to things more often?
- Could you dust yourself off and bounce back from any setbacks?
- Would you be happy to learn new skills?
- Are you confident meeting new people and 'networking' to get your
- Can you avoid getting distracted in your home, and taking too many
- Do you have support from your family and friends?
- If you are planning on working from home, do you have a place where
you will be able to work undisturbed?
your own business can be full of rewards but you need plenty of confidence,
an ability to deal with pressure and stress, and self-reliance. There
are times you will need to be resilient - when things go wrong, or
you fail to achieve what you wanted. But we all learn from our mistakes,
and you'll be ready for such a situation next time.
“The pessimist sees difficulty in every opportunity. The optimist
sees the opportunity in every difficulty.”
You need to see every glass as half full not half empty, an optimist
has far more chance of achieving success in running their own business,
than somebody who looks at situations pessimistically. Motivation
is vital, even purely to get you out of bed every morning! You have
to be organised and focused - such as with what you need to achieve
daily, and also to cope with all the paperwork being self-employed
brings with it.
Reasons to work from home
- No more commuting to and from work - you can save time and money.
- There are tax benefits from working from home - you may be able
to claim part of the costs of the rental, or mortgage fee, and other
expenses such as heating, lighting and telephone.
- Flexibility of working hours can be particularly helpful to parents
of young children. You may find you can spend more quality time with
them when you can rearrange your work hours to suit.
- Nobody telling you what to do - all your effort will be making you
the profit, not somebody else. This is a great incentive to work hard!
Once you have analysed your reasons for working from home and decided
whether you are a suitable personality 'to go for it on your own', then
you are ready for what can be a satisfying and exciting move to working
So, you've decided that becoming your own boss is for you - congratulations!
This can be a life changing moment, but it is only the beginning. You
need to prepare carefully when you have decided to work from home. Once
you have chosen your line of work, then you will need to do market research
to identify your market and assess the customer you are aiming at. This
will be useful for the next all important step of sorting out your finances.
Writing a business plan is useful preparation
for yourself, and also necessary if you are going to apply for financial
assistance, such as a business loan or grant.
Women in Business
Taking that first step to becoming your own boss requires courage
and confidence in your own abilities, and for women it can be even
more daunting as the business world is still dominated by men. Recent
figures reveal that men start up 150,000 more businesses a year than
However, the tide is turning as according to a recent employment poll
one in every hundred women workers plans to start up their own business
in the next three years. The world of employment is changing and women
are now achieving a successful breakthrough into the business world.
Business start up
Starting a business in the UK is now much easier than it used to be.
There are many resources that offer valuable advice about starting
and running a business. This extensive support network includes: governmental,
educational, professional and voluntary companies. Even in the current
difficult financial climate many women find that starting a business
can be a much more viable and flexible alternative to a 'normal' job
working for someone else.
The government has backed an incentive specifically to encourage women
to start their own business, including the very successful National
Women's Enterprise Day.
Some local authorities now offer business grants aimed at helping
women to start a business. Finding
the right finance to start a business used to be much more more difficult
Find the best loan to suit your business plan from a lender who specializes
in UK business loans. The right finance will enable you whether you
are starting up a new business or planning on expanding your existing
business, and need investment to realise your entrepreneur dreams.
Find a small business loan with our business
The first step to starting your own business is to get it down in
black and white in the form of a business
plan. This will really help you recognise what your targets are
and how you hope to achieve them, including the all important funding
requirements. Having a business plan in place right from the start
is important for future investors and will highlight your forward planning
and decisive management skills.
What do you need to be a successful female entrepreneur?
- An idea for a business - can you do something better, faster or
cheaper than everyone else or can you exploit a niche in the market?
Check out our great ideas
for starting a business.
- Confidence - you need to believe in your product or service and
your own ability to be a success. That means not being afraid to
take risks or make
- Enthusiasm and self-motivation - most successful entrepreneurs
recognise that when starting a business it is always best to choose
something you are avidly interested in - a hobby, interest or specialist
knowledge that you have. Also if you have had working experience
in your field of business it will be easier. The top advantage when
starting a business though is having enthusiasm for your subject/product/service.
This will give you the edge over your competitors, as it is always
obvious to the customer.
- Financial advice - this is vital when setting up initially, and
later to grow your business and continue to manage your finances
effectively. Don't stay in a rut,
or accept the ordinary when the time is right expand your business to your
- Flexibility - you need to adapt to your business and initially
you will need to put in often long hours. The advantage of being
your own boss though means you can adapt your working hours to meet
your needs and lifestyle - using early mornings or evenings to catch
up if necessary. If you work from home then balancing family commitments
can be easier.
- Networking - to be successful you need contacts and not just via
email, often meeting others face-to-face can be more effective and
result in new ideas and
support. Women generally have an advantage with communication skills, and
excel with top customer service skills.
- Training - learning new skills and improving your own and your
staff's strengths and talents will keep you current and on the road
Fulfil your dream and make starting your own business a reality
are making a real mark on the business world and are growing and developing
their own businesses and themselves.
With plenty of self-confidence, determination and a strong belief
in their ability women can be highly successful entrepreneurs.
There are far more millionaires these days and most of them are self-made
and own their own business - you don't generally get rich working for
Then there is the satisfaction that comes from having had that initial
idea and taking it forward to become a successful business - priceless!