SOHO, or Small Office/Home Office, refers to a business model that caters to individuals or small teams working from home or in small office spaces. This setup allows for flexibility and cost savings, as it eliminates the need for large office spaces and associated overhead costs. The SOHO environment often utilizes technology, such as cloud computing and video conferencing, to facilitate communication and collaboration. This model has gained popularity due to advancements in remote work tools, enabling people to maintain productivity while enjoying a better work-life balance.