Seems like working at home is on the rise as I have been receiving questions from my senior friends regarding this. There are many whats, hows and ifs, however, if you are quite familiar on how computers and the internet work, you are most likely to find your niche—or your own place—in no time!
For business-minded seniors who have limited startup budget or perhaps looking for a more flexible way of operating a store, that is without physically being there all the time, then an online store is for you. You’ll be quite amazed to see how online stores have evolved these days and store-owner support is stronger than ever—some don’t even require an uber-techie person to have one up and running!
Have services to offer? You can actually offer services of any kind to anybody over the internet. And when I say, anything, I do mean anything! But for the wholesomeness of it all, I will just talk about those clerical and office skills you may have or were able to hone over the years working 9-5. This includes bookkeeping, typing, transcriptions, data entry and coding. These are very much in demand nowadays and there are marketplaces in the internet wherein you can join and be found by potential employers.
However, working from home doesn’t mean you are free from paying taxes and other insurance issues. They still exist, mind you. If you are thinking of opening your home to make way for a small business you have in mind, be sure to ask your broker of your insurance coverage and have them arrange what is needed for your small business. They may have to adjust your coverage or have you get another one for the business.
When it comes to taxes, make sure your accountant is well-informed of your decision as you still need to pay municipal and corporate taxes unless you qualify for an exemption. Also, take advantage of other deductions involved when working from home. Just make sure you qualify for one before you actually make a claim.
Make sure you also check your local zoning laws since it can make or break your small business. Zoning laws restrict certain kinds of establishment so it is best to check them out and see if your business is allowed before actually putting it up. Saves you a lot of headaches in the long run.
Don’t forget your license. Businesses, no matter how big or small, require licenses and permits, if you want to operate legally. Check with your local authorities for requirements.
