Business You can start without an Office
One of the biggest expenses incurred in the early stages of starting a business is setting up an office. Also some ongoing expenses associated with the office, such as room rent, electricity bill, maintenance, etc., become a huge burden for the businessmen in the beginning. Whether it is possible to start a business without an office space is no longer a question post-Covid.
Not all businesses can be started that way, but there are plenty of businesses that can be started without an office space. All such businesses have a similar nature. They can be called skill based businesses. This means that those who have special skills in each field can start such office-free businesses without any difficulty. Let’s explore some such areas:
1. Mobile App and Web Development
Proficiency in various web languages, creativity, marketing skills, communication skills to interact with clients and a good computer is a field that can earn lakhs. Communicate with clients through online video meetings. Work from home can hire employees and interact with them online. With so many task management tools and customer relationship management tools available today, it is possible to run a business without much difficulty.
2. Digital Marketing
If you know how to use fairly good designing software and data analytics tools, creative people can start a small digital marketing venture, that too from home. Maybe you won’t get any big work in the beginning but if you help your existing small clients grow their business by serving them well, you will get bigger works even if it takes time with that portfolio. Hence, such an office-free method can be helpful in avoiding huge initial expenses. Meetings can take place at the client’s office or in co-working spaces shared by multiple people.
3. Consulting services
The main consideration in the consulting sector is the extent to which a person is proficient in a subject, not the size of the office. Nowadays there is no need for an office to start consultancy services in the fields of education, business, construction, automobile etc. There is no need for an office to interact with clients in multiple locations. Online video meetings are convenient for such tasks. Here too, co-working spaces can also be used for meeting when necessary.
4. Online tutoring
It was only after the lockdown that the potential of technology began to be used in a big way in the education sector. Online classes are at the forefront of it. A large number of students can take classes at the same time as there are no limits to reach people. Hence online tuition can grow better without a physical educational institution.
Not just textbooks or other academics, fitness classes, yoga, music, dance, painting and many other fields can be carried forward gracefully in this officeless entrepreneurial style. But it needs marketing in a big way. Also requires excellent teaching skills.
One of the common doubts after reading this is how the business can be registered as an enterprise if there is no office. It is important to understand that such small start-up businesses do not need to register. But better start-ups can provide a home address to set up a company without the need to convert it to a commercial license. And virtual offices can be taken for a small annual fee.
They will provide all the documents for registration. One thing to keep in mind is that as the business grows it is imperative to invest in it. Initially no office but gradually try to move to an office with all facilities. Only then can the business achieve better growth, otherwise your business will remain as a self-employment.