Home Based Businesses Cannot Be at Home Forever
Home based businesses are very creative and innovative; you have the comfort of working from your home, meeting new people and clients and it is a very novel concept. But can home based businesses stay at home forever?
It probably cannot stay at home forever; they may need to move out to actual office space. Most home based businesses start at home- in the garage or the living room- but it does become a little strange after a point of time as the home based business grows. Mabel's Labels, one of the many home based businesses sells labels for children's clothes and belongings. Julie Cole and her partners spent $10,000 on the start-up of their business eight years ago and in 2009, revenue hit $4 million. They started working from Cole's sister's basement and soon figured that staying in there would not help them out and bought a bigger house and later rented space in a commercial building. "It got so hot and stinky in that basement in the summertime, we had to move out," says Julie Cole.
But all home based businesses need not go all that way. They may not even have the resources to do so. These home based businesses have the choice of co-working. According to Ian Capstick, an Ottawa-based media consultant, co-working environments offer a space where start-ups can get a desk for $175 – $300 a month." There are places like the Code Factory which help home based businesses. But many home based businesses may not like to expand.