One of the first things that you will need to do when starting a home-based business is set up a home office. You need somewhere to work, right? It’s important to have an office space that is completely separate from your living area so you can create an effective home-work divide. You also need to have an office that won’t break the bank.
The first thing you need to do is choose a space that will work for the type of business you operate. A digital marketer will need much less space than a person who runs a salon out of their home. Whether you plan to use a spare bedroom, den, room in the basement or convert your garage into an office, here are some great tips to set up your home office without going broke:
1. Use what you have
Look around for items you already have in your home that you can use to create a low-cost workspace. For example, you probably have all the stationery, paper, and basic office supplies somewhere in your home already. You may even have some furniture that you can use in your office, as well.
We’re not saying that you shouldn’t go out and purchase a few nice additions to your home office space, but if you already have things like a great office chair, bookshelf, or filing cabinet, use them. This will save you money and free up your budget to be spent on the items you don’t have.
Repurposed furniture has become extremely popular – and addictive (thanks, HGTV!). It’s also a cost-effective way to set up your office. Whether you are into shabby chic or modern contemporary, if you do the legwork, you can find the perfect piece to add to your office and give your space a personalized look and feel.
Check out your local flea market, antique store, or browse Kijiji and Craigslist online to find items you can buy for cheap, paint, fix up and repurpose. Take a look at this Pinterest board for home office ideas.
3. Used office furniture
When large companies go out of business, renovate or make changes, they often sell off their office furniture for pennies on the dollar. This is a great opportunity for you to cash in on some useful items without paying full price. Look for local companies in your area that sell used office furniture, check out liquidation warehouses, or even ask friends and colleagues if they have used furniture for sale.
4. Things not to cheap out on
There are certain things that you should NOT cheap out on when setting up your office. These tools are all industry-specific, but you’re likely need:
• Computer, printer
• Point of sale equipment
• Software and hardware
• Communications devices
• Any other tools that help you run your business and provide customer service
The key thing to keep in mind is that you can always upgrade as your business grows. Being lean during startup is important, and it could mean the difference between success and failure.
One area where you can’t afford to cut costs is on home-based business insurance. We can help you save money on insurance during the lean startup years. Contact us today to get a hassle free home-based business insurance quote.