Designing a Perfect Space for Your Home Business

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With the increase of people working from home, the need to create a suitable home office space is on the rise. Working from home is a blessing for many who prefer to have a flexible schedule or be home with their children. But for others, the financial and cybersecurity aspects can bring about stress and worry.

Designing a space for your home business and staying secure online and financially may sound challenging. Still, with a few tips and expert advice, you could be enjoying the luxury of no commute and home cooked meals while breezing through your workdays in a cozy space.

Finding a Suitable Space

Re-design Your Existing Space

If you're fortunate to have a spare area to work from, there are plenty of ways to spruce up your space. Keeping a green environment and plenty of plants makes us happier and more productive. Additionally, a study done by the University of Adelaide has found that sunlight can do wonders for mental health, so positioning your desk in front of a window could boost your mood and workflow. 

If you need a sense of division, you could hang a tapestry or prop a shoji screen between your workspace and living quarters. You could even inject your personality into your space with well-thought-out decor that inspires you throughout your day — preferably, while also serving a purpose. Shop from Overstock.com to keep it budget-friendly.

Building A New Office

If working within your existing home isn’t an option, there are affordable ways to build a new space to suit your needs. If you have an attic or basement, these could be cleared out and converted into innovative workspaces. Additionally, you could build an add-on shed if you have a backyard. There are even DIY kits to build it yourself and save on building costs.

Buying A New Home

In some cases, a new home is necessary for a business to maintain separation. It may seem like an unnecessary expense at first glance, but if the profit outweighs the cost, the long-term benefits could be worthwhile. If this is something that your growing enterprise demands, start looking into your financing options and work with an experienced real estate professional from the Seiler Home Group to find the perfect property for your business and family.

Protecting Yourself In The Digital Age 

Home businesses are more susceptible to cyber hacks than their larger counterparts as they're usually less protected due to a lack of online safety knowledge. Cybersecurity is crucial to avoid financial ruin and sustain long-term success. The Federal Communications Commission has created a special Small Business Cyber Planner, an online tool to support small home businesses in creating bespoke cybersecurity plans.

Funding During A Crisis

The financial market is full of ups and downs, and home businesses are more prone to these fluctuations than large corporations. If you find yourself in financial need during a crisis, there are government and non-government funding options where you can seek help. If you've experienced an economic injury, SBA Express Bridge Loans are available specifically to offer quick funding. If you've lost revenue due to the pandemic, you can apply for a COVID-19 Economic Injury Disaster Loan. Further, if your home business was in sound condition before a pandemic, you could also qualify for the Main Street Business Lending program. There are even SBA Grants available which, upon qualification, you don't have to repay. 

Managing a home business during uncertain times can be stressful. Still, with a little help and proper research, available yet untapped resources could prove beneficial. Creating a suitable workspace, protecting your financial assets, and applying for assistance when necessary can make all the difference in your success. Running your own business is brave and applaudable, and we hope this advice will serve you well in your future endeavors.

Connect with the Seiler Home Group to make space and allow for your home business’s growth. Call (907) 342-7456 today.