Disclaimer: I am not a lawyer or any law enforcement agent. Every country, state and city have their own rules. Please contact a specialist for any legal consents. Do not take this article as legal advice.
I decided to go more in depth since I figure that the article would be too long, and I can give more advice in another article. If you haven’t read my first part, read here before reading this article.
If you have the extra money 💰, time, and patience, then a buying or renting a physical location might be for you.
Can I make my home into my business?
It depends. If you’re renting a place, it’s best to ask the manager or landlord. If it’s your own home 🏠, depending on the business you have. Check if your home qualifies with the standards it should meet. For example, if your planning on using your kitchen for business purposes, make sure to have fire prevention.
The downs I see from a physical is marketing, and keeping your business running. But that’s for every business overall.
I have never owned a business with a physical location, except for the comfort of my home. However, I worked/volunteer in different locations like warehouse, restaurant, and clinic. I noticed that all had standards they needed to meet. For example, all had safety requirements to keep everyone safe. Exits need to be open. Check with your county.
With the right platform and creativity, you can start your dream business online cheap. You may start in a cheap platform and build your way to a better one with more features. For example, adding gift cards, more payments methods, theme your page to a better design. Possibilities are endless.
I would suggest if you want to start but have no money, start e-commerce.
Some cheap business ideas:
- Pet walking
- Pet grooming
- Website design
- Print on demand
- Tax preparer
There are more options out. I suggest you find the one that will suit your talents and interests.
You might be able to get some deductions if you make your home a business. I suggest talking to a tax professional and ask what the requirements are. I believe it’s different in every place.
Depending on the business you’re planning to open, please be very mindful about your location. Think about the pros and cons for both your business and your customers.
If you are still not sure, look at the competition, your budget, and marketing. What best for your business.
If you have questions, ask or comment.