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Many successful business owners have chosen to launch their companies from the comfort of their own home. Here are just some of the top things to consider if you're planning to do the same.

The Right Space

Create a dedicated office space in your home. Make sure you pick somewhere quiet and comfortable, and that it's a space that will encourage productivity. Choose somewhere as far removed as possible from temptations like watching TV, and somewhere with sufficient space for any equipment and documentation.

Ideally, you also want a space with plenty of natural light, decorated in neutral colours. If clients might be visiting, always make sure the environment is clean and tidy, and try to inject a little personality so that they feel welcome.

If client visits are likely to be a regular occurrence, it's definitely worth considering the location of the office space within your house. For example, try to choose a room close to the front door so you don't have to lead clients through other areas of your home when they arrive. This will make them feel less like they are invading your personal space and will promote a more professional dynamic.

If none of the rooms at the front of the house are available, you could consider repurposing an outbuilding or installing a custom shed, which will allow more privacy and greater distinction for you between the personal and professional areas of your home.

A Fast Internet Connection

If you're working from home, it's likely that you'll be spending much of your time conducting business online. In which case, you need to have a suitably fast internet connection, especially if you're going to have to share bandwidth with family members.

With more and more information being stored in the cloud, more complex websites being developed, and a rise in the use of video conferencing and screen share software, a slow internet connecting could seriously impact productivity.

Fortunately, there are some fantastic deals available for fibre-optic broadband, offering top internet speeds at excellent prices.  You may also want to consider setting up a separate network exclusively for your business, being sure to keep logins and passwords hidden from others in the household.

Insurance for your home business

Your home business is likely to need some insurance to keep it safe and financially secure. While home insurance might be enough to cover the furniture in your office, you will require separate policies to cover you in the event of someone making a claim against your business.

If you're making products to be delivered, such as homemade bath-soaps or candles, you will need product liability insurance to ensure you are protected in the event of a faulty product.

If clients visit you in your home, for example if you are a dressmaker and have clients visit for fittings, you will need public liability insurance in case they are injured on your property. If you want to find out whether your profession is likely to encounter public liability risks from your home office, visit the Hiscox website for more information on specific working from home insurance.

There are many different business insurance policies that can be adapted for use in a home business. Be sure to do your homework and contact a reputable insurance broker for more advice.