If you're considering a home-based business, why not begin a special list of the advantages and disadvantages of running such a business. While the following article may seem flippant, there is a serious side to almost every phrase.
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Working at Home: Both Sides of the Coin

If you're considering a home-based business, why not begin a special list of the advantages and disadvantages of running such a business. While the following article may seem flippant, there is a serious side to almost every phrase.

Before you make your final decision, interview everyone whose comments might help you make a better decision. Here are some things I discovered during my interviews with experienced home-based business owners who formerly worked for large employers and couldn't wait to escape the rat race:

* Now you can complete projects without getting anyone's permission, but there's no one to review (proof and analyze) it and play Devil's Advocate. Find people, and when necessary, pay them to help you. Even though you may have faced too much criticism on a project at work, you do need to hear from people with various perspectives.

* You now have flex hours, but they can stretch to more than you or your family may want, especially in the first year or two. Give yourself some short- and long-term goals. Plan special activities for now and for once you're better established. Make time for your family and yourself.

* You may spend less on wardrobe: your spouse may put your clothing and shoe budget at $5/month.

* You now have a designated parking spot, if you can still afford to have a car.

* You spend less on eating out, an activity you loved. No more Big Macs or Jumbo Jacks!

* You now have the authority to make your own decisions: when it's time to empty the trash, back up the hard drive, and do fitness exercises.

* Now you can maintain direct contact with vendors, clients, etc. You're still working on avoiding telemarketing people who make your life a nightmare. You're waiting for clients to call, not someone who says, "May I speak to the person who makes the purchasing decisions, please?"

* You can apply your creativity and talent to your business. Figure out a different voice mail recording for each day of the week. Fix your broken office chair. Dust the furniture.

* You pay your own benefits (medical, dental, insurance, etc.) and discover that they are so high you feel a heart attack coming on.

* You are now responsible for legal and/or governmental rules and taxes. Make friends with a CPA, and always, always, be kind to this valuable person. Speak nicely and send gift baskets at least semi-annually.

* You make considerable capital outlay, including upgrades & repairs. One fried hard drive. Two telephone lines. Three file cabinets. Four reams of paper. And a partridge in a pear tree.

* You live with the reality of sporadic, unpredictable income. Things are slow. You panic. You start searching in the Help Wanted section for a job for your spouse.

* You may experience personal satisfaction when things go well, but be prepared for the possibility of depression when things go wrong. Don't let it happen. Leave the office. Take a walk, smell the flowers, read a great book, watch a Disney movie, go for a run: do something to get your emotional balance back. When you're really feeling down, avoid over-the-counter medications that might bring on depression (sudafed makes me depressed), alcohol, people who don't understand, and sweets. Pizza's okay. But get outdoors if you possibly can.

* Sometimes family members don't (or won't) understand your need for isolation, so you can focus and think without interruption. Marriages have weakened over such issues.

* Family and friends think you have a part-time job (or no job at all), and call or drop in whenever they're bored. After all, this isn't a real job, right?

No excuses about how you're no good with numbers, or writing, or marketing. You'd better be prepared to do all of the above, or have associates who can, if you want to succeed. Your business community will expect a polished, effective operation the moment you open the doors for business!

There are lots of ups and downs in having a home-based business, but if you have a passion for your business, help from friends who've been there and done that, and family support, you can succeed!


Judy Vorfeld - Office Support Services - Arizona (623)876-8168 Website Analysis; Book, Website, and Document Editing; Website Makeovers www.ossweb.com - judyvorfeld@ossweb.com Subscribe to my ezine: www.ossweb.com/ezine.html

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Start Your Own Home Business
How to Choose Your Business's Legal Structure
Starting Your Own Business Survey
Business Start-up Analysis
Home Business Jobs - Basic Start-Up Guide
Your Eight Step Guide To Home Employment
Choosing the Best Home Based Business for You
Realistic Ways to Earn Money from Home
No B.S. Wealth Attraction for Entrepreneurs
What Business Should I Start?
Finding an Accountant for Your Home Based Business
How to Find a Unique Product Or Service
Finding Home Based Business Ideas
Work at Home Opportunities
How To Develop Money Making Ideas
Home-Based Business For Fun And Profit
Turning Your Hobby Into a Business
Whats the Best Way to "Earn Money At Home"?
What Type of Work at Home Business Should You Start?
Your Own Business - Deciding what is Right for You
Wise Ways To Multiply Your Home-Based-Business Sales
Get Your Product to Market on Any Budget
Choosing the Right Home Business For You
How To Crank Out Million Dollar Product Ideas From Scratch
Finding Your Home Business Niche
Start Your Own Business, It's Easier Than You Think
How to Stay Focused on Your Home Business Goals
Start a Home Based Business even with Limited Cash and Skills!
Home Office Deductions
12 Free Tools for Your Home Business
12 Steps To Home Business Success
A Childproof and Workable Home Office
Flying Without a Net
How to Pick a Winning Business Name
The Best Home Businesses for the 21st Century
Seven Success Tips for Would-Be Telecommuters
Your Perfect Home Business May Be Right In Front of You!
Working at Home: Both Sides of the Coin
How To Earn Huge Profits with Your Hobbies
True Wealth Results From Developing Your Own Product
How to Successfully Launch a New Business
Specialize in a Niche Market to Increase Sales
Four Ways To Start A Home Based Business
Ten Easy Businesses to Start Part-Time or Full-Time
How To Write A Business Plan
Seven Steps to Setting Up a Home Business Budget
Public Domain Profits
Unusual Home Businesses
How Do I Make Money Working From Home? Let Me Count the Ways
Five Things You Need To Remember Before Starting a Small Business
Six Small Business Secrets
How to Make Money Selling God's Stuff
Is Your Business Opportunity Program Legal?
Financing Your Small Business
Whether You Know it or Not - You Gave a Warranty
Have You Registered Your Service Mark?
Protect Your ASSets in Business
Keeping It In the Family

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