Starting a home-based business | Bizzy Lizzy | Xero

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There are pros AND cons to starting a home-based business; these tips can help you overcome the cons to make starting a business from home more effective.

Some of the pros and cons of starting a home-based business are obvious, but others, not so much. Being able to work in your pajamas, for instance: pro or con? The answer might surprise you! Not having a commute? There are pros and cons to that one, too.

This video covers tips for addressing the challenges of starting a home-based business, whether you live alone, or have family or housemates that might be home during working hours. There are tips for setting boundaries, protecting your home address, minimizing distractions, and more!

In certain situations, you can write off a portion of your home expenses on your tax return if you work from home… but don’t assume you can write off ALL your home expenses! Here’s a link to a directory of Xero-certified accountants and business advisors who can help you get set up to properly track your home-based business expenses throughout the year, file your taxes when the time comes, and serve as a trusted business partner to help you grow your business: http://www.xero.com/advisors

You might also be interested in Xero’s Small Business Guide, Home-based business productivity tips for parents: https://www.xero.com/resources/small-business-guides/women-in-business/home-based-business/

Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at https://www.xero.com/signup

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