Home Startup Tips For Expansion

Home Startup Tips For Expansion

If you have recently launched your home startup from the comfort of your home office, expanding your business might be the last thing on your mind. However, if you are ambitious and want to see your venture grow into something bigger, then you need to think about how you will use your cash flow to fund expansion.

There are many ways to expand a business. If you currently have a pleasant set up in your home office and work alone, the thought of hiring staff and securing business premises can be terrifying. However, this will be necessary if you expand your product range, expand your services or head to the international market with your wares. Take a look at how you can expand your startup in three easy steps.

Home Startup Tips: Secure More Funding

Even if your business is doing ridiculously well and you are surpassing your targets every month, you will need to secure more funding to expand. Expansion is expensive. You may need to hire new staff that cost a small fortune in wages, you may need to conduct market research before switching demographic and you might need to outsource to enhance your online presence. To secure more funding you could choose to revisit your bank manager, or now might be the time to pitch to a business angel.

With your drive, enthusiasm and exceptional business plan, you can dazzle an industry expert with your facts and figures. A business angel will bring funding with them as well as a book of contacts and their industry knowledge. They are useful individuals to have onboard so investigate their input a potential impact. It may not be the right avenue for you but is certainly worth exploring.

Home Startup Tips: Skill Up

As you expand, you will need to focus on your own professional development. I cannot stress this strongly enough; your business will only grow if you do. While you will hire staff to carry out new duties, you will still need to be aware of what needs to happen to make your business more profitable. As a new employer, you will move from sole trader to boss. You need to learn to delegate and not micro-manage. This is why you need to look into leadership development qualifications for your own benefit. This will make you a better line manager and will help your employees see you as a bona fide leader as well as a manager. Being a decent employer will help to boost employee morale and will prevent absenteeism and a high turnover of staff.

Home Startup Tips: Go International

To tap the international market and go global is the stuff of dreams. Becoming a household name across the world could see you making more money than you could ever imagine. However, what works in one country may fail spectacularly in another. This is why you need to invest in international market research. If the international climate isn’t favourable to your product or service, you need to tweak it, aim for a different niche market or scrap the expansion plans altogether.

Expanding your business is nerve-wracking. However, harness your ambitions, tread with caution and walk before you can run to ensure safe and measured growth for your home startup. If I’ve learned one thing from my business, which I continue to scale up, is that the saying “Go big or go home” can be very relevant for small business owners and even freelancers.

Tired Lounge Update- On a Budget

Tired Lounge Update- On a Budget

The living room is a space where we spend so much of our free time, It’s a place to relax, host friends and spend time with family. If yours is looking a little worse for wear it could be time for a tired lounge update. Making your lounge beautiful doesn’t need to be expensive. Sometimes a lick of paint and some outdoor influences do the job perfectly. Here are some budget ideas to get the ball rolling. 

Tired Lounge Update: Paint the Walls

A fresh coat of paint can completely transform a room without spending much at all. Remove old fashioned, peeling or yellowing wallpaper and sand down all of the walls. Paint in a light neutral shade like white, cream or a very light grey to make the space feel bright and airy. To really give the space a fresh feel, use brilliant white gloss on doors and skirting boards to finish everything off. 

Tired Lounge Update: Think About The Flooring

If your flooring is in really bad condition, it can be worth taking up whatever is down and replacing it. Find a cheap carpet will make all the difference. Depending on the size of the room you might find a company who can sell you an off-cut big enough to cover the space. This will save you a fortune.  Otherwise, styles like loop pile and Berber are cheap and look smart even if they lack the plush, luxe feel of a more expensive cut pile style. If your flooring just needs a clean then you could hire a carpet cleaner, Rug Doctors can be rented for around £30 for a day and can revitalise old dirty carpets to look pretty much like new.

Tired Lounge Update: Update the Accessories

The accessories in a room really bring it to life, so simply adding some new pieces can reinvigorate it. Swapping round accessories is one of my favourite things! Search eBay, charity shops and places like Ikea or even pound shops have homeware items. Things like candles, frames, cushions and plants are a great way to bring in some personality while adding colour and texture. 

Tired Lounge Update: Get Crafty

There are lots of ways you can DIY your own decor, allowing you to save money. You could buy some chalk paint and paint your coffee table, tv stand and bookcase. Finish with some new hardware like drawer handles and/ or metal legs. Buy some fabric and make your own curtains and cushion covers. You could look at tiles for chimney breast and consider making a beautiful feature out of an ugly old fireplace. You could paint your own artwork or design your own prints for a gallery wall. There are plenty of ideas so get creative and have fun with it!

What are your top tips for a tired lounge update on a budget?

All original content on these pages is fingerprinted and certified by Digiprove