7 Ways To Separate Your Business and Home Life
Nowadays, many people run businesses from home. This can make it difficult to create a clear divide between work and personal life, which can have unhealthy effects if you’re not careful – your work may start to interfere with your personal life preventing you from being able to switch off, whilst your personal life may affect your business and damage your professionalism. In order to keep both lives from mixing, here are several measures that you can take.
Set up a separate business account
Your first step should be to set up a separate business account from your personal account. This makes it easier to keep track of business expenses, which can help when filing your tax return. It can also allow you to keep a clearer business budget and a clearer budget for your personal life so that you’re not spending all your funds on one or the other. Banks offer special business accounts which often have perks such as giving you a separate credit score to help with taking out loans for your business. There are also specialist business savings accounts that can collect more interest than regular savers. This guide on business banks accounts at moneysupermarket.com can offer more information.
Separate your business legally
It’s also worth registering your business as a limited company to keep it legally separate. This ensures that your business is liable for any business debts, whilst only you are liable for personal debts. If a debt collector comes round to collect a personal debt, this will prevent them from seizing any goods owned by your business. Similarly, your personal belongings can’t be seized if it’s a business debt. You can find more information UK registration at yourcompanyformations.co.uk. Such companies can provide the paperwork needed to show that your business is legally separate.
Invest in a work phone
You may also want to invest in a separate phone for business use. This prevents you from having to give out your personal number to clients and can give you the choice to not answer calls and texts during your free time (it could be worth turning off your business phone during these hours so that you’re not having to deal with work-related calls).
Set up a separate email address
It’s also wise to set up a separate business email address. This allows you to filter out business emails which you may choose not to answer during non-working hours. It can also look more professional having a separate email address for professional use.
Use a separate mailing address
For those that don’t want to give out their home address to clients but need to accept physical mail, it could also be worth using a virtual business address. These are sorting offices that can receive mail for you and then redirect it to you, so that clients never need to know your personal address. You can find such services at sites like yourvirtualoffice.co.uk.
Schedule time for business and home life
The biggest thing you can do to separate the two lives is to schedule work time and business time. Create clear boundaries so that you know when you’re starting work and when you’re finishing work each day. Occasionally, you may need to deviate from this, but try to keep as close to a schedule as you can so that you’re not taking work calls on a family day out or contrastingly getting distracted by home life when you should be working.
Consider where you work
If you’re working from home, you could find it difficult to detach yourself from home life. If possible, try to designate a room as your home office – this should be a place that is purely used for work purposes. Contrastingly, you could try working in a coffee shop or library or you could even rent out shared office space. What you don’t want to be doing is working in front of the TV whilst your kids are playing or working from your bed as you’ll no longer be able to mentally separate work and home life.