Working from home has become pretty common over the last decade. The growth of the internet, cloud technology, and mobile devices has made it practical and cost-effective.
But what about running a business from home? Is it a good idea?
The Challenges of Running Your Business From Home
There’s no sense in sugarcoating the topic. Running a business out of your house presents numerous challenges. Issues that are commonly encountered include:
- Restrictions. It’s not always legal to run certain businesses out of your home. This is especially true in residential neighborhoods with HOAs that have documented guidelines, restrictions, and covenants.