Advances in technology and a focus on flexible lifestyles have made starting a home business a popular choice for many Queenslanders. To help you decide if this is the right option for you, we recommend that you consider the advantages and disadvantages of running a business from home.
Advantages of home business
- Lower overheads decrease the financial risk of starting a business.
- Email and internet communication reduce the need for a shopfront.
- Your time can be spent working on the business, not commuting to and from work.
- You can enjoy a flexible lifestyle and spend more time with family.
Disadvantages of home business
- Council and government regulations can limit your business activities.
- You may feel isolated working from home with limited interaction with other people.
- Long or inconsistent hours can lead to strained relationships with family or neighbours.
- Family and friends can be a distraction, reducing your productivity and motivation.
This guide will help you to understand how to set up and run your home business in Queensland.
Source: www.business.qld.gov.au
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