Paul Farmer of WOODTEX.com Explains How America has a Growing Base of Home Businesses

You likely already heard the news that entrepreneurship has been flourishing since the 2008 financial crash. And this has led to the rise of home businesses across the nation.

Paul Farmer of www.woodtex.com is an expert in home businesses. His business helps to support the growth of home businesses by building outside buildings such as garages, and cabins.

He says that in the last ten years 4.4 million new firms have been created, and at least 30,000 of them are high-growth, based on numbers from The Economist.

So what does this mean for American business?

The Evolution of the Workplace

The modern workplace is changing. Paul explains that this is not exclusively a change driven by employees. Employers are also finding a reason to shift the way they do things.

Business expert Craig Walker, for example, said that the main reason why home businesses are growing is that corporations want to reduce real estate costs. They’re more open to the idea of doing business from home than ever before.

It’s an evolution that has been driven by the need for more efficiency and the pressure caused by the original financial crash, says Paul.

Home Office Building is Increasing

Paul can tell from personal experience that the demand for home offices is increasing. As one in five graduates now work from home in Canada, with similar numbers spotted in the US, house prices are becoming linked with the presence of a home office.

He says that the ideal home office blends seamlessly into the home environment. Rather than opting for a simple spot on the sofa, more and more people are seeing real cash value in building home offices.

As this becomes more of a known fact, Paul expects that this trend in home office building will only accelerate in time.

A Trend for Everyone

It’s easy to think that this is a trend that doesn’t affect anyone. The rise of remote work often doesn’t hit the poorer areas of society.

But Paul has noticed that both higher and lower income households are investing in home office building.

It should come as no surprise because the number of home businesses started by minorities has doubled in the last twenty years.

With an increasing emphasis on expanding entrepreneurship to all aspects of society, and the desire to enjoy a more flexible working life, the trend in home office building is only expected to increase.

Last Word – What Does this Mean for You?

It means that now has never been a better time to invest in a home office. High demand and lots of competition are only going to drive prices lower. Paul advises that you have an idea in mind regarding what you want to get out of your home office.

Invest in a home office that will improve efficiency, rather than an office that just looks good. This is a working environment and it could make or break your career.

Paul says that the most successful workers have an environment geared towards their productivity.

Are you thinking about building your own home office to enhance your working life?