Space in London comes at a premium, everyone knows that. With so much competition for office space, it might be a lot cheaper for you to run your business from your spare room. However, the logistics of this might pose some unique problems you had not considered. Let’s take a look at them now.
You Will Still Need Insurance
No matter what type of business you run, you are going to need business insurance. If clients are going to be visiting you in your home, you are also going to need public liability insurance. This policy protects you if an accident was to happen like a customer tripping on a rug on the way to your office.
Having to get multiple insurance policies can seem expensive. Luckily, Hiscox has broken down public liability cost so you can be sure whether or not this policy is right for you. You need to make sure that you are always paying the right price for your insurance policies. By looking at materials like this, you can make sure that you have not just the right insurance but the correct level of coverage for your business.
What is Access Like?
Will you often need to take products or supplies in and out of your property? If you live on a quiet cul-de-sac with off-road parking, this might be an easier prospect than you might have initially thought. However, this will become an issue if you are on the top floor of a block of flats.
You might be constrained to your spare room when you start your business but that means that you will also be constrained to the challenges of your property. You will need to seriously consider how easy it will be to move stock through your property, and you might have to invest in some specialist equipment if you will be frequently moving heavy items.
Strangers Might Need to Visit Your Home
This will obviously be entirely down to the nature of your business, but there might be no alternative except to have your clients visit your home. Therefore, you might have many strangers coming in and out of your home.
Some people will not be the happiest about this prospect. You will have to trust anyone who comes into your home as you cannot guarantee that you will escort them everywhere around your property. You will also have to keep any public areas of your home neat and tidy in case the client sees them. This can create a lot of extra housework if you are not the most organised cleaner.
These are just three considerations you need to think about when starting a business from your back room. While some people think that this is easier to do than sourcing an office from the get-go, many underestimate the amount of work they still have to do. It pays to be realistic when setting up a business, especially if you are trying to do it from your home. With the right attitude, you will soon have a healthy and thriving business.
