Considerations For Running A Franchise From Home

If you’re keen to get into franchising, there are a number of franchise businesses that can be run from a home office, such as those in domestic services, event management, and property inspection.

Working from home probably sounds like a dream come true, and it can offer substantial benefits. But there may also be a few negative aspects to consider.

The advantages of working from home

  • Reduced costs – you can save on office rental, equipment and commuting costs.
  • Greater flexibility – you can choose your hours and have better work/life balance.
  • Less commuting – cutting out the travel can save time and stress!

 

Some possible negatives

Some people feel it is too isolating, and extroverts who derive energy from being with others can actually find it demotivating. For others, the line between work and home can become too blurred.

The type of business is also a consideration. For example, if you need to constantly meet with clients, a home office might not appear to be the most professional of settings.

The practical requirements

You’ll need to consider any legal requirements you might have to comply with. For example, permits from your local council, or permission from your landlord or body corporate.

And while it might not feel as formal as a traditional office, the right business insurance and risk management procedures are still essential if you work from home.

If you are considering working from home, thinking about these aspects can help you make a decision on whether it’s the best option for you, and to put the right framework in place if you go ahead.

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