Out of all the different realities that the pandemic has unveiled, one of the most pressing ones is the instability of having only one source of income. This resulted in the growing number of people interested in launching their own businesses from home. Although recent statistics show how the number of state-recognized small businesses has dwindled by over 100,000 from March to May this year, there has been an emergence of home-based businesses. From schoolmates who have started commissioning artworks to friends and family who are turning recipes into small food businesses — it can no longer be denied that more and more people are seeing the value of having a side hustle to diversify their income. If you are one of those people who want to take their home-based business to the next level, here are some of the services you may want to take note of to ensure a steady transition:
Business registration services
The very first step to making your online business official is covering all the legal bases. The US Small Business Administration explains that the process of registering your business is determined by your location and your chosen business structure. Most small businesses will find that it’s usually enough to register their business name with state and federal agencies. However, the requirements for forming an LLC are more extensive: articles of organization and an LLC operating agreement are compulsory. Thankfully, most states allow the filing of these requirements electronically, so you can easily process all of these from home.
To save yourself the trouble, however, you may want to consider looking into some business registration service providers, as they have the expertise and know the legal system quite well. They can help you take care of all your registration needs and often even explain the taxes you’ll need to pay and how to move forward with your business. In some cases, certain business registration providers can also help you understand all the unfamiliar and headache-inducing legal matters, as well as the intricacies that may only apply to online businesses.
Reliable internet service
As an entity that will gravely rely on the digital space to market and advertise your products and services, as well as establishing meaningful relationships with clients and potential partners, a reliable internet service is of the utmost importance to you. If it is well within your budget, consider getting or shifting to a fiber-based connection that can transfer more data at higher throughput over long distances. It would also be a good idea to familiarize yourself with the different practices that can boost your home Wi-Fi. These include placing your router at the center of your home, using repeaters and extenders to boost coverage, utilizing multiple SSID with limited bandwidth, and keeping the devices you use for business on a separate frequency.
Cloud storage and hosting services
In recent years, one of the most revolutionary technologies that completely changed the way businesses operate is the cloud – and it’s easy to see why. This innovation is not only capable of helping small businesses avoid significant upfront costs from software applications and storage space, but also offering flexibility in every sense of the word. Through cloud storage and hosting services, small online businesses will be able to boost productivity, improve collaboration and promote innovation without incurring sky-high costs. The cost-cutting benefits of this technology are particularly important to small businesses that may have limited resources and scarce ways to raise capital. Cloud-based technologies also allow busy entrepreneurs to work on their business from any device and anywhere around the world that has a solid internet connection.
Launching a business, online or not, can be a very difficult endeavor but it can generate a lot of money if done correctly. To ensure the success of the business you are planning to build, start right by registering your business, having a reliable internet connection and utilizing cloud-based technologies.