What Is A Home Business?
A home business is usually a small to medium-sized enterprise which is run from a home office. It should be differentiated from company employees who work at home. Home business owners might be sole traders, limited companies or LLPs (limited liability partnerships).
They are rarely PLCs (public companies. If a home business is a registered company it will need to make arrangements to properly publicise its registered address, which may or may not be the home office address.
Many home businesses are started off in a much smaller capacity whilst the owner is still employed elsewhere, and then expanded once they are proven to be profitable.
A home business can be run solely by one person, or can have a small number of employees – often members of the business owner’s family. A home-based business can be run either part-time or full-time, and in theory the hours worked can be chosen by the owner.
Many home businesses are run and the services operated from the home location, but some may be based in the home office for administration purposes, whilst the services themselves are offered at different locations: i.e. gardening, decorating, training etc.
A large number of online businesses are highly appropriate for being home-based.
If a home business offers a particular product (for example, iced biscuits) then the item can be made in the home office, and then sold either via a website, or through a number of local outlets such as cafes and gift shops.
Examples of Home Businesses
There are many different types of businesses that can be run from or at home:
- Online businesses, including online shops and iStores
- Digital marketing
- Many freelance and consultancy services
- Legal and accountancy services
- Computer repair (which is increasingly being done through remote connection)
- Virtual assistant/secretarial services
- Children’s services (childminding, parties etc.)
- Car Valeting
- Handyman services
- Pet services (dog walking, pet grooming, pet sitting etc.)
- Making and selling a product
- Hand made products such as jewellery and greetings cards,
- Home made items such as cakes, baked goods or vegetables
- Gardening and selling plants online
- Translation or transcription and data entry services
- Bed and Breakfast
- Many sole traders
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