work from home
Business, Entrepreneurship, Improvement, Management, Organization, Productivity, Success, Work at Home

This Is What You Need to Do to Build a Successful Home Business

It’s no secret that not all home businesses will succeed. In truth, many different factors influence whether a business will thrive or not. Each case is unique.

Still, there are certain principles any business owner can apply to boost their own odds of success. Have you been planning to start your own small business from home? If so, keep the following points in mind. While they won’t guarantee success, following these tips can increase your likelihood of reaching your goals.


Be Honest with Yourself

Some people who start home businesses already have enough capital to hire extra help if they lack specialized skills. For example, if you’re starting a consulting firm but don’t know how to attract clients, you might hire someone with communications, marketing, or PR experience to help you find them.


However, odds are good you won’t have that kind of money right away. That’s why you should be honest and realistic about the type of home business you can start. By honestly assessing your talents, you can narrow down your options and choose the type of business you’re most likely to succeed at running. While there’s nothing wrong with having an ambitious mindset, an unrealistic mindset can have bad consequences.


Do Your Research

Having an idea for a business isn’t the same as knowing that people are willing to pay for the services you offer.

For instance, if you want to offer graphic design services to other small companies in your area, you probably won’t have a difficult time finding clients. On the other hand, if your idea is too niche, finding customers could be a struggle.

That’s why you need to research the market first to find out if there is one. To start, check to see if there are other successful businesses like your own already out there. While it can be risky to jump into a market where there is a lot of competition, if you can identify successful businesses that are similar to your own, odds are good you’ll at least have a chance at success.


Act Like It’s a Real Business

Many people who start small businesses have other jobs on the side or a full-time job that demands their attention 40 hours a week.

As you know, you wouldn’t neglect your day job or treat it merely like a side project that didn’t matter much. You depend on the income the job provides. Thus, you take it seriously—you show up on time, put in your hours, and get your work done.

online business

This is the same attitude you should have toward your home business. While it can absolutely be difficult to devote time and energy to a home business when you already have another job, this attitude can have a major impact on your odds of thriving. Hopefully, you’re starting your own business at least in part because you’re passionate about it, so the work shouldn’t feel like drudgery.


Search for Inspiration

This tip may not seem as practical as the others on this list. However, it may actually play a major role in your motivation when you’re starting your business.

The fact of the matter is, progress can come slow during the early days of a home business. It’s easy to get discouraged and lose confidence in yourself as you struggle to find clients, even if you love the work you’re doing.

However, this is a natural and very common part of the process of starting a home business. Many people quit at this stage because they become convinced that their business idea is merely a waste of time and money. They stop before they’ve truly started, sabotaging their own chances of success.

That’s why it can be a good idea to search the Internet and publications for stories about other people who struggled when they first started their own business. It’s not uncommon for successful people to face numerous challenges and setbacks during the early stages of entrepreneurism. Reading their stories can inspire you and help you maintain focus.


Set Goals

Let’s face it: “success” is a pretty vague goal. It can therefore be helpful to clearly define what exactly constitutes success in your opinion. This will help you set specific, challenging, yet achievable goals to work toward.

These kinds of goals are important because they allow you to accurately assess your progress. If you don’t know exactly what you want to achieve, you’ll have a hard time knowing whether you’re on the right track. On the other hand, if you have defined specific goals, you can gain a more accurate perspective on how close you are to reaching success.

Unfortunately, there’s never any guarantee of success in the business world. There are simply too many factors involved to make that kind of guarantee. Following these tips, however, can put you on the right path.

Business, Entrepreneurship, Improvement, Management, Organization, Productivity, Work at Home

This Is How You Can Design the Perfect Home Office

Starting a home business naturally involves, well, working from home.

This isn’t as easy as it sounds for some people. Many people find that, even if they’re productive at an office, remaining disciplined enough to build and grow a business from home is a challenge. It’s no secret that your environment can have a major effect on your willingness to buckle down and get work done.

That’s why it’s important to optimize your home office. Creating an environment that’s conducive to work will help you focus and ultimately grow your business much more efficiently. In order to do so, keep the following tips in mind:


Select the Ideal Space

If you have a spare bedroom or a room that’s being used for storage, these will obviously be the best choices for your home office. However, not everyone has an extra room—and that’s OK. You can still design a functional, comfortable home office even if you don’t have a whole room to devote to it. Whatever space you’re working with, it helps to keep certain guidelines in mind.

computer desk

First, you may be tempted to use a corner of your bedroom as your home office. For some people, this can work well because the bedroom is quieter than other rooms and typically doesn’t see much foot traffic. However, consider carefully. For many people, the bedroom is the one room that’s devoted primarily to relaxation, so you may be tempted to relax when you’re actually trying to work. Similarly, it will be difficult to switch off at the end of the day if you use your bedroom as a place to get tasks done.

You should also try to find a space that has enough room for all the equipment and materials you’ll need. Lack of organization can overwhelm some people, making it difficult to get started on a project. You’ll find it’s easier to focus on your work if all the items you need are accessible, so make sure to choose a spot where you can fit a desk big enough for all your work necessities.

Of course, it’s also important to limit distractions as much as possible. Try not to have a TV in your home office, and try not to choose a room where other tasks may distract you. For instance, some people think they’ll enjoy working in their dining room, only to find that being too close to the kitchen makes it too easy to focus on unrelated tasks, like cleaning or cooking.


Optimize Your Comfort

Well-designed offices are created with comfort in mind. You may not feel this is the case at your office, but there’s a good chance the layout is at least supposed to facilitate an environment where people can comfortably stay at their desks for long periods of time. That’s not always the case in a home office. People don’t realize how certain factors can boost their discomfort and impact their productivity.

For example, you want to make sure you’re seated in a chair that lets you rest your feet on the floor or another supporting surface. It’s also important to ensure your computer screen is at eye level or a little below, and that your keyboard rests at an angle where your forearms are parallel to the floor. If you can justify the expense, purchasing an ergonomic chair (the kind you might find in an actual office) with proper back support can yield productivity gains that offset the cost.


Focus on Lighting

Building a business takes time. Thus, you may be working longer hours than you expected at first. That’s a good reason to combine different sources of light.


During the day, natural light may be enough to illuminate the space, and it’s typically the most pleasant to work in. An open window can also offer a relaxing and rejuvenating view when you need to take breaks.

On the other hand, you can’t rely on natural light if you’re working after the sun sets. One small lamp might also fail to provide sufficient lighting for your needs. If you can afford it, opt to purchase a few floor or table lamps rather than rely on the harsh, built-in overhead lighting common in many homes. These lamps provide softer light that’s easier on the eyes.


Limit Interruptions from Friends and Family

Not everyone has the luxury of complete isolation when they work from home. If you can’t afford childcare, for instance, you may have to accept the fact that your child will interrupt your work from time to time.

That said, you should strive to limit interruptions as much as possible. For example, if you have a pet that doesn’t need much supervision, consider closing the door so they can’t come in and distract you. Let older family members know they should only interrupt you if the issue is something they’d also interrupt you about if you worked in a traditional office setting.

You may need to explain this concept more than once to some family and friends—many people will believe that because you’re at home, you can drop your work at any time to chitchat, run an errand, or do them a favor. Explain that your work time is devoted to just that—work—and that while you determine your own schedule and can certainly take breaks, you can’t just skip out whenever. Multitasking is a myth, after all. You’ll never complete a project if you can’t devote longer, uninterrupted periods of time to it.

Experiment with different layouts and space options when designing your home office. Your first idea may not be your best. However, this is something that’s worth getting right, since your environment impacts your productivity. You want to be sure you’ve created a home office that’s ideal for growing your business.

graphic design
Business, Entrepreneurship, Management, Productivity, Success, Technology, Work at Home

This Is What You Need to Know about Marketing a Home Business

Starting a home business is a dream come true for many people. Being your own boss and leveraging your talents to do work you care about is an understandable goal. However, it doesn’t matter how talented or dedicated you are: you can’t succeed if people don’t know about your business. This is why it’s so important to focus on marketing.

Not sure how to get the word out about your business? Don’t worry. Technology has provided small business owners with a wealth of marketing channels. The following tips will help you better understand how you can use them to your advantage:


Rely on Social Media

Social media platforms give you the opportunity to reach many potential customers easily. In fact, Facebook alone boasts 2.19 billion actively monthly users.

social media

Through social media, you can ensure that your existing customers remember your brand the next time they need a service you offer. After all, not everyone who might need your services will require them the exact moment they learn your business exists. However, by growing a following on social media, you’ll have a long list of people who are more likely to turn to you when the right moment does arise.

Monitor the popularity of your social media posts to learn what types of content you should share and how often you should be posting. It’s also a good idea to create a social media calendar to ensure that you stick to a posting schedule.

Just remember, social media platforms are unique because they give you the chance to interact with customers, and this helps cultivate lasting relationships. As such, you should make a point to also share other people’s content through your account. Be sure to follow others who are relevant to your industry and interact with them when they share interesting posts.


Partner with Others

Are you afraid your business doesn’t offer enough services to compete with bigger brands? For instance, while you may offer graphic design services to other business owners, you may wonder if you can get noticed when other firms offer web design and marketing services, in addition to graphic design.

This is an understandable concern. However, what may initially seem like an obstacle can actually be an opportunity. Partnering with other small business owners who offer services that complement or otherwise relate to your own gives you more chances to spread awareness of your brand and allows you to share in their customer base. By coordinating with these firms, you can also design and implement stronger marketing campaigns.


Educate Your Customers

You want to make sure that people who learn about your business perceive you as an authority in your field. One way to do this is to generate content that educates potential customers. For example, a graphic designer could create and share content like “How strong website graphic design makes the right impression on customers.”


The exact medium you choose will depend on the resources you have available, as well as what exactly you’re trying to teach your audience. While maintaining a blog is a low-cost option, video content is becoming increasingly popular. Video also makes it easier to share knowledge that relies on visual demonstrations.

It’s worth noting, however, that you don’t need to create all the content yourself if you don’t have the time or the ability. Hiring freelancers through sites like Upwork to generate content for you may be a better option in some circumstances.


Send Emails

Although technology has paved the way for many new marketing channels, studies indicate that email marketing is still extremely effective, even among Millennials.

Giving people who visit your website the option to subscribe to an email newsletter (and sending out quality content on a regular basis) is yet another smart way of maintaining and spreading brand awareness. Email is particularly useful because it lets you reach people throughout the day via a mobile device even if they aren’t near their computer.

Email is also effective because it can include “shareworthy” content that subscribers may share via their own social media accounts. This is a smart way of getting your existing customers to do your marketing for you.

Additionally, email marketing helps funnel potential customers down a journey that leads to a purchase. The fact is, not everyone who visits your site and subscribes to your newsletter will make a purchase right away. However, you can guide them to this stage by consistently sending emails that demonstrate why your services are valuable.

It’s important to understand that developing a successful marketing plan requires constant experimentation. The specific tactics that work for your business won’t be apparent right away. However, if you keep these tips in mind and monitor the results of your efforts, you’ll find that marketing your small business is much easier than you may have imagined.

Business, Employment, Entrepreneurship, Improvement, Management, Organization, Productivity, Success, Work at Home

This Is How to Stay Dedicated When Growing a Home Business

It’s no secret that starting a small business from home can be challenging. While the experience is often rewarding in the long run, it’s easy to get discouraged during the early stages. This is especially true if you have a day job. Trying to grow a business after spending hours at another job takes a lot of energy. On top of that, because you don’t have the full work day to focus on your business, growing a client list can be very difficult. These are all reasons many would-be entrepreneurs give up before accomplishing their goals.

This doesn’t have to happen to you. Although there are many steps people can take to stay committed to their business idea at the start, the following list of general tips is essential. Each business is different, and thus, the best way to maintain enthusiasm can vary from one case to another. These points, however, apply to virtually anyone trying to grow a business from home:


Choose Something You Care about.

home business

Some people are extremely lucky. They can grow thriving home businesses doing the kind of work they legitimately enjoy. For instance, if you enjoy creating visual art, you could create a graphic design business. Eventually, you may spend the vast majority of your work days on the kinds of tasks you find rewarding. The fact that you earn a living doing so is essentially an added bonus.

It’s great if you can start a business doing something you love. However, not everyone in the world is passionate about an activity that qualifies as work. Additionally, some people may be passionate about activities that can’t be translated into a business model.

This doesn’t mean you can’t find fulfillment in what you’re doing. It simply means you should focus on growing a business that pertains to something you care about. For example, maybe you genuinely care about certain social issues and want to grow a marketing business for nonprofits devoted to addressing those issues. The actual work itself might be tedious to you if you were doing marketing for other types of clients, but because you care about your clients’ goals, you would find enough enjoyment in growing this business to stick with it through the difficult times.


Find a Business Partner.

As this blog has pointed out before, a business partner can be a key asset in many ways. This person can provide funding, offer talents and skills you may lack, and help you find clients.

He or she can also serve as a motivator when you’re thinking about disbanding your business and going back to focusing on your day job. If you start to feel your passion for the business waning, maybe your partner will have enough enthusiasm left to lift you back up. Further, when you work with a business partner, you’re responsible not only to yourself, but someone else. Regardless of whether that person is a family member or a friend, you’ll be less likely to abandon your business early if someone important to you is also invested in it.


Study Examples.


From Apple to Spanx, there are many examples of major brands that started as small home businesses. There are also plenty of thriving local companies that, although they may not be household names throughout the world, serve as proof that it’s possible to turn a struggling business into a major enterprise.

If you study the real history of these examples, you’ll often find that a few truths remain constant. One of them is the fact that few businesses become overnight successes. Once a company achieves a certain degree of success, that achievement tends to be what most people focus on. Dig deeper, however, and you’ll find that many leading businesses struggled for a long time in their early years.


Getting this kind of operation off the ground is always difficult. You shouldn’t assume you’ll never achieve the success you’re aiming for simply because it initially eludes you. Instead, you should refer to businesses you admire to remind yourself that it takes a lot of time and effort to reach your goals. If you’re willing to put in the work, then eventually you may reap the rewards.

Again, these are general tips. Each person’s specific situation is different. However, regardless of what kind of business you’re growing, there’s a good chance you’ll go through a phase in which you may wonder if you’ll ever be successful. By keeping these tips in mind, you’ll be much less likely to let those thoughts discourage you.

home business
Business, Employment, Entrepreneurship, Management, Organization, Productivity, Technology, Work at Home

Don Gayhardt Shares Tools You Need to Start a Home Business

Starting your own home business isn’t just exciting; thanks to services and technology that weren’t available just a few years ago, it’s easier than ever. After all, most small business owners start out on a budget. Odds are good you don’t have the money to hire a large staff or invest in expensive office equipment.

With the following recommendations, you don’t need to. While these services won’t guarantee success, they do make it much easier to run a small home business when you don’t have a lot of time or money to spend right away.



paypallogoAlthough there are many online payments services available for sending and receiving money, PayPal is one of the best ones for business owners. That’s because it’s simply one of the oldest. As such, PayPal has a larger number of users than many of its competitors. On top of that, PayPal lets you send invoices to clients. Many other payment apps aren’t quite as business-friendly, devoted less to invoicing and more to sending small amounts of money to family or friends.

It’s also worth noting that PayPal recently released PayPal Here, a response to the popular Square device. Like Square, PayPal Here essentially serves as a portable cash register, which may be ideal if your small business takes you outside the home to trade shows or similar events.



squarespacelogoIt’s not easy to run a successful business these days without a website. Luckily, you don’t need substantial coding experience to develop one. Squarespace allows users to create professional-quality websites with ease, thanks to its pre-generated templates. You can alter the templates to ensure the site’s visual identity matches your brand, and you can incorporate important features like a blog, store, or contact form.

Best of all, Squarespace’s pricing is substantially lower than a web developer’s. Because you can edit the site whenever you like, you don’t need to contact your developer and wait for them to respond. You can make any necessary adjustments yourself as soon as you decide you need to.



canvalogoQuality graphic design is a must for any business. Your website, social media accounts, and promotional materials should all feature professional, brand-appropriate visuals because, unfortunately, most people do judge a book by its cover. Even if you deliver reliable service to your clients, you’ll find it difficult to attract more business if your branded visuals look like the work of an amateur.

That doesn’t mean you have to hire a graphic design specialist, however. Canva is a free graphic-design platform (although the paid business version offers additional features) that makes it incredibly easy to create impressive posters, social media posts, banners, and other materials, all featuring high-quality images. Though the site makes it very easy to get the hang of basic graphic design, it also provides templates for each type of document you wish to create, allowing you to simply insert your own images and text without altering the layout.



rescuetimeThose starting a small business from home likely have a day job on the side that eats up most of their time. Even if that isn’t the case, it’s easy to get distracted without a supervisor to keep them on task.

That’s why it helps to use an app like RescueTime. It works by tracking the amount of time you spend using various applications or websites, and then provides reports that help you better understand where you’ve been wasting time, so you can make adjustments in the future.



quickbookslogoWith QuickBooks, you have everything you need to track your small business’ finances, an important tool to have, no matter what type of business you’re starting. The fact is, there’s a good chance you’ll spend some money to maintain and grow your business. With QuickBooks, you can compare expenses to earnings. Using this tool consistently ensures you won’t make the mistake of limiting your potential revenue by overlooking areas where expenses could be reduced.

If you run a business that involves working with multiple clients, you can also use QuickBooks to track your invoices. You may be surprised how easy it is to forget about unpaid invoices when you have to focus so much on other aspects of running the business. You need a tool that will help you stay on top of all payments, both those you’ve made and those that should have been made to you.

Although you’ll probably need to implement other products and services as your business grows, those recommended here will be very helpful at the start. Often, too many of us fail to create the small businesses they want to because they feel they don’t have the resources they need. Thanks to these products, you no longer have that excuse.

client phone call
Business, Employment, Entrepreneurship, Organization, Success, Work at Home

3 Ways to Fund Your Home Business

If you’re planning on starting your own home business, the odds are good that you’re not planning on it being a side gig forever. While you may need to hold on to your day job during the initial stages, the end goal for many people is to turn their home-based side business into a full-fledged enterprise.

Due to technology such as the Internet, smartphones, and fintech solutions, it’s easier than ever to grow your own company, even if you do not have access to substantial resources. That being said, depending on the nature of your business, you may need some funding if you’re going to expand it to its full potential. Without the necessary capital, some businesses will always remain small.

This could discourage many aspiring entrepreneurs from starting their own companies. They may believe that if they don’t have access to the necessary funding, then perhaps they should give up before they’ve even begun.

Don’t let this happen to you. In this day and age, there are many different ways you can raise funds for your project. Here are some that you may not have considered.

home business


  1. Online Lending Services

If you want to start a business, then you will generally go to the bank to obtain a loan. This has been common practice for decades.

The problem is that banks don’t always approve loans. They need to evaluate potential borrowers to determine if they are a safe bet. However, a bank might not be willing to provide the funds that you need unless it’s able to confirm that you’re a low-risk candidate for a loan.

Nevertheless, in recent years, online lending companies have been more willing to loan money to entrepreneurs who have previously been turned down by banks.

Of course, it’s important to be honest with yourself when pursuing a loan. You should not go this route unless you are serious about focusing on your home business and growing it. You don’t want to find yourself in debt because you overestimated your own abilities. That’s why you should develop some sort of business plan before taking this step.

That said, once you have a plan, online lending companies can be very useful if you need to raise funds.


  1. Kickstarter and Other Crowdfunding Platforms

Due to the Internet, entrepreneurs can easily find individual investors for their projects.

Sites such as Kickstarter allow users to raise money by offering rewards to those who invest in their ideas. Granted, not all business ideas are successful on Kickstarter, but there are other crowdfunding platforms available.

You could even build your own crowdfunding platform. While this may take some work, it’s a low-cost way to attract investors. For example, if you have an idea for a business, you might want to include funding goals in your initial plan. Set milestones you want to reach by deciding how much money you want to raise by a certain date and for what purpose.

Once you know what your financial goals are, you can launch a crowdfunding campaign in the form of a blog, video series, or social media account. It doesn’t matter which method you choose, as long as you allow potential investors to follow your progress. Updating people on your progress will generate enthusiasm for your business. Once people know that you’re close to reaching one of your financial goals, they may be eager to provide you with the funds you need.

You’ll likely have to start by letting family and friends know about your crowdfunding campaign. As they share it with others, you’ll attract more investors.


  1. Partner Up

These days, it’s easy to find potential business partners. The Internet is full of communities and platforms devoted to helping likeminded entrepreneurs to meet and collaborate. Working with a partner reduces your initial startup costs, as you’ll have someone with whom to split expenses.

If you already know someone, be it a friend or family member, with whom can work with to fund and grow your business, you may want to collaborate with them. However, if you don’t, you’re not necessarily out of luck. Due to the Internet, it’s no longer necessary to rely on people you know if none of them would make suitable business partners.

These are merely a few ways to raise money for your home business. Again, it’s important to plan carefully before pursuing them. Otherwise, you could find yourself in dire financial straits. That said, if you’re serious about turning your side gig into a full-time job, you might need some capital to achieve that goal. These methods will help.

home office
Business, Entrepreneurship, Improvement, Organization, Productivity, Success, Work at Home

8 Tips to Fight Loneliness When Working from Home

For many entrepreneurs, running a business out of their home is a dream come true. The choice to operate a home-based company comes with perks like a flexible schedule, lower operating costs, and the ability to quickly scale the enterprise up or down, but the opportunity also comes with challenges.

One of the biggest challenges faced by professionals who have a home-based business (or anyone who primarily works from home) is the feeling of loneliness that can come from working in solitude. The lack of social interaction that often accompanies working from home or operating a home-based business can negatively impact your productivity and reduce your job satisfaction. To combat the effects of loneliness, consider the following helpful tips for keeping your spirits up when you’re working from home:


  1. Schedule breaks into your day.

alarm clock

Split up your day with breaks to clear your mind and keep yourself feeling positive about your work. Getting out of your home office and staying away from your computer and phone during these breaks is a great way to recharge and come back to your work fresh after working inside alone for a prolonged period of time. It can also be a good idea during your breaks to chat with any neighbors or family that may be around at the time to give yourself some socialization. Some professionals recommend a small break every hour and a half or so, while others suggest taking smaller breaks with one hour-long or two-hour-long break midday.


  1. Establish an exercise routine.

Getting into the habit of daily exercise can elevate your mood and offer another way to break up solitary periods during your workday, especially if you participate in regular group exercise classes or just work out on a machine at the gym. While exercise represents a time commitment, it both helps combat the effects of working a sedentary job while also providing an opportunity to socialize.


  1. Change your environment.

Boredom and monotony may contribute to feelings of increased loneliness, but these feelings can be reduced if you change up your office or workspace every once in a while. This can mean moving your laptop to another area of your home some days, such as the patio, or by taking your work to a public place where you can access WiFi, such as a coffee shop, library, or restaurant. Even if you don’t interact directly with many people when you work in public, just being around others can make you feel less lonely. Overall, changing your location can add novelty to your days and stave off feelings of boredom and disconnection.


  1. Communicate digitally.

digital communication

While you shouldn’t make a habit of spending excessive time on social media during the workday, taking time over the course of the day to have small, thoughtful online interactions with friends and family can help you feel more connected. Have a chat with a friend during the day when you begin to feel lonely, but make sure you set parameters ahead of time for how long and how often you can chat without slowing your productivity. When it’s time to get off social media and concentrate, you should be able to train all of your focus on your work.


  1. Add audio to your office.

Just because you operate a business alone from home doesn’t mean that you need to spend your day in total silence. Consider playing music softly in the background while you work; if you’re easily distracted, try classical or any other genre of music without lyrics, or songs with lyrics in a language you don’t understand. You might also turn on an upbeat TV show in another room to create a backdrop of white noise. Having some kind of sound in the background while you work can make you feel less lonely and less bored while you complete different tasks.


  1. Have a routine meet-up with other entrepreneurs.

Even if you’re the sole employee of your business, there are bound to be other entrepreneurs in your city who work within your industry and are interested in making professional connections. You can locate groups for professionals using sites like, LinkedIn, or even Facebook. If you can’t find a group that you’re interested in joining or if no one has created a group for entrepreneurs in your area, you can start one yourself. Incorporating weekly meet-ups of this nature into your schedule will provide the professional social interactions you need to reduce loneliness and give you something to look forward to as your week progresses.


  1. Engage in volunteer work.


One of the perks of being an entrepreneur is that you become your own boss, which allows you to set your own schedule. You can make use of this flexibility in your workday by incorporating activities like volunteer work into your schedule. Volunteering will not only provide an outlet for connecting with other people and combating loneliness, but it will also allow you to give back to those in need and may help you feel an overall greater sense of fulfillment in your life.


  1. Look into shared workspaces.

If you’ve tried and failed to overcome intense feelings of loneliness as a home-based entrepreneur, you do have other options. While it can save you a significant amount of money to exclusively work at home, there are affordable alternatives to this arrangement. For example, look into renting a desk at a local shared workspace. Shared workspaces give professionals the opportunity to connect with other entrepreneurs working in a wide range of industries. Relocating from your home to a shared workspace can give you the freedom of working on a solitary entrepreneurial venture with the social benefits of working in a traditional office.