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Looking at a home business? Keep these points in mind.
Key points
- Running a business from home can mean saving a lot of money on office space.
- There are other expenses you might incur if you operate out of your home.
- Look into insurance requirements, renovations, and possibly upgrading your internet.
When I decided to start a small business a few years ago, the decision to use my house as my home base was an easy call. Since my business is writing services, and I’m the only employee, it made no sense to spend money to rent space in another building.
If you’re starting your own business, you, too, may be interested in running it out of your home. And that could be a great way to limit your costs, thereby allowing more of your income to land in your bank account.
But there are certain expenses you might incur if you run a business from home. Here are a few to keep on your radar.
