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Always remember the main reasons why new businesses run into trouble are because of insufficient capital and excess overheads. If you don’t want your business to go through any rough spot then you have to be careful with the money you spend.

Having worked online for a very long time, I can tell you the freedom to work when you want to is by far the best aspect of the Internet. Here is the proof. As I am writing this article, it is 1:13 p.m. I am at home. I am wearing sweats. After being up all night on a project, I am thinking about going back to bed. This is all possible because I have an online business. In fact, our business is so virtual oriented that I have never physically met some of my programmers. They live in other countries! Sounds like a good excuse to travel, however.

Good for you for starting your own business. You had some idea of best virtual office the challenges ahead but you didn’t realise it was going to be this tough did you? There’s just so much to do. And that’s on a good day. On a bad day, when invoices go missing and computers crash. Well, the less said about those days the better.

Network, Network, Network. Your goal is to maximize opportunities to bump into other professionals in a normal workplace situation, not just to discuss your own job hunting. Talk with consultants and startups – not just with contacts at large companies that you’re targeting for a job. Word of mouth is KING! Offer to work as a part-time consultant for a small or medium size business, or offer to work for free for a period of time. “Working for free” doesn’t sound very appealing, but remember, this is just part of your strategy. This experience will allow you to beef up your resume and who knows what else it can lead to?

OStart with a smaller Virtual Office space if possible. The best way to save money on rent is by setting an office space at home where you don’t have to pay extra rent or commute from one place or the other.

Think about the very real issue that arrises when you have a client who wishes to come to your office for a meeting? There’s only so many times that Starbucks can be suggested.

Data entry at home is more relaxing and this is because you will have more time for yourself and for your family. Can you imagine just how much time you will be able to share with friends and family by working at home?