If you’re across social media you’ve probably seen the video of Professor Robert Kelly getting interrupted by his kids during a live BBC interview. The East Asian relations expert was mid-broadcast when an excited toddler came running in through the office door. The video has become an instant viral sensation with millions of views worldwide. While most people have found the video hilarious and entertaining, it also highlights the sort of unexpected events that can happen when working from home. It’s worth noting that Mr Kelly immediately emailed the BBC to apologise, fearing he wouldn’t be welcomed back on the show!
Things to consider
If you plan on being one of the one million Australians running a business from home, you will need to be able to manage a variety of issues. It’s essential to do the necessary amount of research and planning so that the future of your business is secured and protected from the unexpected. It’s also worth taking the time to understand the risks and legal requirements and that can apply. These include:
- Business finances
- Insurance for home home-based business
- Council approval
- Licensing requirements
Running a home-based business is not just about working for yourself and escaping the confines on an office environment. There are several essential considerations to make before you commence working from home. Ask yourself:
- Is your home the best location for your business?
- Will council regulations impact the way you conduct your business?
- Do you have any legal obligations?
- Will you be able to balance work and family life from home?
- What are the town planning requirements of your local government authority?
If you are unsure about any of the above, it’s a good idea to seek advice. The government provides a lot of support and advice in the form of factsheets and home-based business kits. These can help make sure that you have your bases covered and have the right foundations in place. It’s also worth creating relationships with other business owners in similar situations and listening to their experiences as well as talking to an experienced consultant such as an accountant, bank manager or business advisor. They will be able to provide you with the necessary guidance when making important decisions.
Meeting government requirements and regulations
All home-based businesses must register for business and company names, tax and several other business licenses and permits. You will also need to comply with the government regulations of your relevant state, territory or local government. Depending on the type of your business you may also need a permit. This usually relates to zoning, signage, noise and health issues. It’s a great idea to create a checklist and work your way through each of the above. And if you plan on broadcasting live from your office for whatever reason, make sure to lock the office door as well! Read about taxation or insurance for home-based businesses.