Advantages And Disadvantages Of Running A Home Based Business

Advantages And Disadvantages Of Running A Home Based Business

Working from home is an activity that does not spell success for each and everyone. As a matter of fact, there are those who will try it for a while only to give up and instead once again enter the workforce. When asked, they will be honest in stating that the idea of a home based business sounded nice in the beginning, but in the end, the disadvantages outweighed the advantages, and they find that they are happening in a more traditional work environment. On the flipside of this coin are those what throw off the shackles of the nine to five jobs and practically soar professionally with their home based business. These individuals cannot imagine themselves ever going back to working a traditional job.

For those workers who have families, and especially young children, a home based business is a dream come true simply for the fact that they will be able to spend a lot of time at home being available to the children when they are at home, and working when the kids are in school. Yet those who find that their normally free time is eaten up by work demands of a home business, a traditional job with set business hours is a better solution. Similarly, if you do not have the energy to work after hours, such as when the children are in bed, you will find that a home based business will indeed begin to cut in on your available family time. In a few cases the fact that a person is always home – at first with the kids and then with work – also adds up to a sizeable disadvantage.

Counteracting this disadvantage is the advantage of being your own boss, calling the shots, and no longer having to kowtow to someone else’s idea of how things should be run – especially if you are highly skilled in your field and know what needs to be done and how to do it. Without lengthy commuting time, you will have more time to devote to your skill, and thus more ability to make a profit for your home based business. A distinct advantage in many fields, especially real estate and marketing, there are some disadvantages to being your own boss, namely the need to accept certain distractions by ancillary activities, such as accounting and tax preparation, which normally are left to the boss. Similarly, if you are not a self starter but rely on the motivation from a boss or supervisor, you will soon find that being your own boss is more of a disadvantage to you, since you will have nobody holding you accountable on progress and overall productivity.

Consider also if you find that going to an office each and every day is an advantage to you or a disadvantage. Lacking this interaction with other workers for many is negligible, but for some it is a vital component of daily life, and thus will be sorely missed once gone. By honestly assessing the advantages and disadvantages of running a home based business, you will be certain to make the right choice when deciding whether or not you wish to give it a try!

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