Starting a home business is only really something that a much disciplined person should do, as working from home means having to do work in the very place you dream about when you work a regular job. It is like asking you to study a geology lecture in the middle of a theme park. Also, you are on your own, and working on your own has severe limitations, even if you are only looking to earn a living wage. However, there are reasons why you may want to try having your own home business. Just make sure you have weighed up all the pros and cons before you jump in.
1 – Commuting costs have risen massively these days
This is a good point that is getting harder to deny. Since a certain couple of wars took place (say no more) the price of gas has gone up and stayed up. This has made commuting by car more expensive, but also commuting by bus and train more expensive too. By working from home a person is already up on the savings made by not having to travel.
2 – It’s hard to get fired from your own job
The global economic downturn caused by western banks (say no more) has meant that a lot of people have been fired and a lot of jobs have moved from the west over the third world countries where people are paid pennies per day. This means getting fired is a commonly heard song from the broken in our country, but it is hard to get fired from your own home business.
3 – You do not have to arrange for daycare
This is a great benefit if you have kids, as you can have them at home after school and not worry about someone being there to care for them. It is also handy if you have to be pulled away from work because of your kids. You can do it on your own time and you can make up your lost time when you get back home at night.
4 – It allows you to be more flexible with your time
You can work more in the morning, you can wake up at 4am or go to bed at 4am–it is up to you. There are few limits on what you can and cannot do with your time when you are self-employed and working from home. You do not even have the restrictions caused by having an office and having to open up and close up.
5 – You get to work from the comfort of your own home
People spend all day at work dreaming about being at home. So, if you have the discipline to not go around slacking off, then you can work very well from home, and you get all of the creature comforts of working from home. This includes anything from doing your work in your underwear, to working between episodes of ER on DVD.
6 – You are able to put in more hours because you have your commute time
The time it takes you to commute to work and back no longer exist. Technically, you have gained all of the hours that you would have wasted traveling to work. This means that you are already up on all those people who travel to their office or place of baseness every day, and you are up on all the people who have to commute to their job.
7 – Working from home allows for associated tax benefits
This is a mixed blessing that is often misunderstood. You cannot claim your house rent or house bills as business expenses, but you can claim a portion of them from your taxes. This is both good and bad because if you had an office then you could claim all of their expenses off of your tax bill. Still, the benefit of not having to pay for premises other than your own home is a benefit too. It really depends on how you look at things when it comes to the benefit of claiming part of your household expenses as business use.
8 – It costs a lot less to start up
The amount of starting capital you need is very small. It means you are at less risk, but even on a basic level, you already have a floor under your feet, a roof over your head, and your office has its own bathroom and bedroom. One assumes that you are not going to turn your house into a manufacturing plant, so your startup costs should be quite low compared to if you set up your business on business/ industrial/ commercial property.
9 – You can spend more time with online marketing
You have the time to go online and market your goods during the morning, daytime, evening and night. This is not something you are able to do if you work in a 9-5 office environment. But, thanks to the Google Hummingbird update, and numerous other Google updates, you will soon find it impossible to get onto the Google search engine results pages without paying for affiliate advertising.
10 – You have less of a financial risk from the start
Every time you start and run a business, you are under a significant amount of monetary risk. The risks run from anything from being sued to the amounts you are making (or not making) every year. The risk you take when working from home is far less and the overheads are lower on your business too. You do have to be more careful if people enter your home to do business, and for the fact that your home is probably not allowed to conduct most types of business by law.
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