home-based business

A Third of Homepreneurs Incorrectly Think Home Insurance is Sufficient for Their Small Business

Home businesses are putting themselves at considerable financial risk New research by Direct Line for Business and Enterprise Nation has revealed that 145,000 ‘homepreneurs’ mistakenly believe home contents insurance will cover their business. The report reveals that two out of five aren’t insured at all, and 29% of home businesses reject business insurance because they feel that they are not big enough, and commercial activities are already covered by a home insurance policy. Home contents insurance will not necessarily cover stock, loss of earnings from a flood or fire or public liability. With one in seven home businesses having clients visit their home, this could become especially problematic if injuries or property damage occurs. Home businesses – an estimated £300bn industry – are p... »

Small Businesses to Boost Economy by £27bn

Small firms plan to create 1.9 million new jobs, with 400,000 home-based companies looking to recruit first employee Small businesses and home-based businesses could potentially generate £27bn for the economy as new research reveals they are on track to create 1.9 million new jobs this year. The report, released by Direct Line, found that of the small and micro businesses planning to take on staff – 400,000 are home-based businesses who will be employing their company’s first employee. The report comes following a new government package to facilitate home-based businesses’ growth, which includes altering planning and business rate laws. On average, small and home-based businesses plan to recruit staff on a part-time basis (21 to 28 hours a week) and provide incomes that range between £10,7... »

Government Launches New Support Package for Home-Based Businesses

Matthew Hancock announces new business rates and planning guidelines to support entrepreneurs running businesses from home The government has announced new measures that will support home-based companies, including new business rate guidelines and planning laws. The measures will include passing a law to make it easier to start-up in rented housing and updated planning guidance clarifying that planning permission won’t be necessary to run a business from your home. In addition to this, new business rate guidelines will ensure that the majority of home-based firms will be exempt from rates. Business minister Matthew Hancock announced the package today, as part of the government’s long-term goal to support small and mid-sized business growth. The measures are a response to the growing number... »

SMEs Lose Out in Queens Speech

Recession leads to launch of 300,000 Home-based Businesses

Almost a third of a million people have started home-based businesses in the last 12 months, mainly due to redundancy or job insecurity, a new report from Enterprise Nation has revealed. The 2009 Home Business Report found that 300,000 home-based businesses have been created in the last year, taking the total number to 2.8 million. The survey also found that 49% of home-business owners said that the freedom to make their own decisions was the most enjoyable part of self-employment. The research also revealed that 89% expect their turnover to increase during the next 12 months. Enterprise Nation founder, Emma Jones, said that the recession has caused many people to set up in business: “Some people have been made redundant and decided to use the opportunity to do their own thing. Other... »

The Building Blocks of Better Business

A day of webinars designed to take your enterprise to the next level. Chat date: 20th June Chat times: 10am – 1pm As the owner of a small or home-based business you’ll no doubt be working around a hectic schedule with little time for researching and implementing better working practice. With this in mind we are hosting a day of webinars that will tell you all you need to know about maximising your productivity and improving your bottom line. The webinars provided by BT Business are part of a ‘Better Business’ series and cover a range of topics including ‘Controlling your business costs,’ ‘The benefits of working from home,’ ‘The benefits of VoIP technology’ and ‘Collaborating on the Web.’ Whether you already have your ... »