Organize Your Home Business and Reap the Rewards of Success
The time to realize how important home business organization is to your overall success is not when you need to find important tax papers or income statements quickly. To avoid problems in the long run, take some time and devise a workable organization and filing system now.
Get a sturdy lockable file cabinet and durable hanging folders. Buy manila folders to tuck inside the hanging folders, and make sure you’ve also got several manila envelopes on hand that you can tuck receipts into and label easily.
Organize your financial papers chronologically, and divide them by types. Sort all your financial papers into piles and stack them chronologically. Be sure you have folders for
bank statements, credit information, bill stubs, paycheck stubs, receipts, tax information, real estate papers, investment papers, insurance policies and statements, loan agreements and any other financial papers in separate hanging folders. Further divide your tax information by year. Include tax returns, receipts, copies of W-2s, 1099s and other pertinent tax information. Divide the bill stubs by the companies they represent and divide real estate papers by mortgage documents, home improvement receipts, second mortgages and so forth.
Make sure to keep on top of your inbox, especially your bills that need to be paid. Put them in a separate place where they are easily seen and handy.
When purging documents from your filing system, be sure to hang on to tax paperwork for at least seven years, and other financial documents for three years.
Financial planning software for your computer is available, and most are very user-friendly. Some include online banking functions. If you decide to utilize this, be sure to back up your data on a regular basis.
If you make a commitment to keep on top of your filing and organization system continually, you’ll benefit when the time comes to locate those important documents necessary for your continued success. If you don’t, the paperwork monster will easily overwhelm you again and could mean trouble for your business.
Working from home is becoming a more popular option with many in today’s workforce. Whether you telecommute or have abandoned the rat race in favor of setting up your own home business, or just simply need a place to land to take care of the bill paying and the home organization chores, a home office has become a necessary space in many homes. 
Maybe you are able to have a separate room for your office. If so, that’s great. You’ll have lots of elbow room. But if you don’t, there’s lots of ways to utilize the space you can carve out for one. Whatever space you choose, make sure it’s a space that can be dedicated to your office, and doesn’t double as an arts and crafts table for your kids or a workbench for your spouse’s do-it-yourself projects on the weekends.
Take a look at your space and see what you can do easily and inexpensively to spruce it up and make it conducive to working from home. Sometimes just a fresh coat of paint, some strategically hung pictures or some simple stencil work can brighten up an otherwise dreary corner.
Next, look around your house to see what furnishings you already have. If there’s a small unused table that could double as a desk, use it. You’ve probably got a comfortable chair in your dining room that could work fine as an office chair. Look around your home for some useable pieces that can be brought together successfully to create a comfortable and relaxing home office environment.
You may also already have book shelves, bins, baskets, boxes and a filing cabinet that could also be incorporated into your office. If you don’t already have office supplies available, visit your favorite office supply or discount store and stock up on a few needed items and get your space organized and ready to roll.