Most notably, saving time and costs and increasing competitiveness

Financial Expert: 5 Essential Advantages of Home Business Strategies

• Setting up home businesses is becoming more and more prevalent.

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• Mohamed Helmy: "Working from home saves costs and overheads, and helps reduce operating costs."

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Financial expert and tax agent, Mohamed Helmy, said that there are five basic advantages of working from home strategies, including not wasting time in transportation and mobility and saving expenses, which allows a person to invest all his capital and profits, in addition to strengthening family relations, achieving job wealth and increasing productivity, and finally increasing Competitive capabilities.

In detail, the expert, Mohamed Helmy, said that there is a new trend that has finally started to spread widely in the world, which is managing business from home, and this would not have happened without several reasons, the most important of which is the prosperity of technology on the one hand, which made it possible for any computer connected to the Internet To do a lot in front of a seat anywhere with the click of a button, and also because of the different quality of services and the way to meet them in this new time.

He added to Emirates Today, that “the issue has become more common and spread globally in this way. Some workers have been subjected to dismissal from their work in recent years as a natural result of the global economic downturn, the emergence of the (Covid-19) crisis and the resort of many large companies to reduce The number of its employees ».

He added that «the establishment of home commercial enterprises has become more widespread, as thousands of people give up their unstable job positions every day, in pursuit of individual commercial projects with better income, full-time or part-time, as studies indicate that 30% of employees seek to change their jobs every 3 - 7 years on average, and almost eight thousand individuals join the list of home business owners every day, and the vast majority of them started their activities during leisure hours, pointing out that 27% of the household business enterprises sector is run by women.

Helmy explained that the concept of working from home is based on a basic factor that is reducing costs and expenses, as the bulk of these businesses usually start as a hobby that practices holidays and leisure time, most of what starts as a pre-prepared and planned project.

Then the idea of ​​marketing and turning the hobby into a financial return begins when one thinks that the product of his hobby is praised and praised by those around him, and that it can turn into a commercial activity that generates additional income, even if it is small in its beginning, but it is free at least from the risks and large expenses, in addition to that It can grow gradually as the demand for the product increases.

Helmy enumerated the advantages of working from home, saying that one of the biggest advantages of starting a company from home is the opportunity that allows its owner full control over his personal life, and as an investor from home, he can change his work life according to his goals and environment.

He added: The financial advantages of working from home are many, such as not wasting time in transportation and moving between the headquarters of companies and the home, and thus it will save various transportation expenses, rent, expenses and indirect overheads to open a company headquarters, which allows a person to invest all his capital and profits, in addition to strengthening family relations and reducing tension. And pressure, and achieve job richness and increased productivity, and finally, increased competitiveness.

He pointed out that working at home saves in costs and overheads and helps to reduce operating costs and thus the competitiveness will increase of course, and here is not only the competitiveness of the prices, but also the quality of the service you provide, as the money you saved from all of the above helps you increase your profits. Public or you can transfer it to customers in the form of low prices, and competitors who are restricted by high overheads do not have such advantages, as their prices are determined by their expenses.

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