Many people love the idea of working from the comfort of their own home and being able to be their own boss.

But, running your own business from home is not easy. It requires management, resilience and self-discipline in order for you to fully succeed in a highly-competitive world.

With that in mind, we’ve put together some top tips so that your solo adventure can be a big success...

Make sure you have the right licenses and registration

Just like any other business, you need to get your paperwork in order. When you’re on your own, you can’t rely on others to do this for you. Every line of work differs, so you have to ensure that any certifications, insurance policies and accreditations are in your possession before you begin.

Setting up a work space

Set aside a specific area in your home for business and treat it as your professional space. During your working hours keep all home activities separate and never let them interfere with your business operations.

This space could even be a bespoke building of your choice that you could use for a workshop, a place to store stock or as an office.

Have a proper business plan

For any business to become successful, you need a business plan in place. This will help you understand your goals, prioritise your tasks and see if you're meeting your objectives.

A good plan should spell out what you need to do in order to achieve specific targets - identifying any equipment or software that you might need to invest in along the way, for example.

Get networking

You need to get your name out quickly as a new business - and that means becoming an active presence in your industry. Speak to other people in your field online and offline - attending events if you can. Setting aside time for networking early on, therefore, can really bear fruit.

Keep to strict working schedule

It’s vital for you to write down strict rules that do not allow home activities to interfere with your work. One of the main reasons people do not success when working from home is  because they allow their home affairs to get in the way.

Don’t let the freedom and flexibility have an effect on you. Come up with a working schedule that dictates your hours and make it known to anyone else in your household so that they can.