Before the industrial revolution, a lot of people worked their trade from home and would sell their goods through order taking or at markets. The rise of industrialized workhouses created greater efficiencies and brought about the end of the wider cottage industry.
The cottage industry is on the rise again today, but in a very different way. Small businesses are finding it hard to compete with medium and large businesses and need to run as lean as possible. Here are a couple of ways to modernize pre-industrialized thinking:
Project a Professional Virtual Presence. A professional website can look as good as your biggest competitor's and a lot less than a prime location.
Provide Onsite Services. If you are providing business-to-business services, consider performing your services at the client's location. This will eliminate the need for a permanent location for your equipment.
Use Your Home. Making your home your primary business address allows you to right off part of your utilities, vehicles, mortgage interest, and whatever else you can reasonably claim is also used by your business. Not only is your business costing less to run, but so your personal expenses get smaller too.
Thanks for reading.
L
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