select
|

Get set up properly to start a home business

The number of home-based businesses is rising fast in reaction to corporate retrenchments and job losses, higher fuel costs and worsening traffic congestion in major centres.
 
But the “residential entrepreneurs” who own these businesses must tread carefully to avoid some common property blunders associated with home-based start-ups, says Berry Everitt, CEO of the Chas Everitt International property group.
 
“For example, once you’ve chosen a business you love and believe will be well supported in your community, you must ensure that your home has the correct zoning and/ or consent from your local authority to accommodate the business - especially if it involves any kind of manufacturing.
 
“And if you’re going to turn your garage into a shop or serve teas on your front veranda, for example, you’ll need the relevant retail or trading licence.”
   
Writing in the Property Signposts newsletter, he says that for other types of business, you’ll need to think about storage space for supplies or finished goods, and remember that some things – like explosives - are not allowed to be stored in a residential area.
 
“Then there’s the question of actual workspace. Even professionals like accountants or lawyers or those who have established an online business and can work just about anywhere should make sure they have a dedicated workspace in the home.
 
“Apart from needing this for tax purposes, you’ll be much more productive if you make a clear distinction between your living and working spaces, and between your domestic and working schedules.”
 
Everitt says small-office home-office (SOHO) experts also advise that your workspace should contain businesslike furniture as well as the best business technology you can afford – and not too many personal effects, especially if clients are going to visit for briefings or meetings. You should also install a separate phone line for your business.
 
“And finally, don’t forget that if your business is successful it will grow, and you will then probably need more space for additional staff, storage or sales. You should plan for this and be prepared to move premises rather than let the business take over your home.”
 
Issued by Chas Everitt International


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK