The home business world is very different than the standard working world and this article explains the advantages and disadvantages of working in your own home. I would suggest do not quit your day job until your home job surpasses your monthly income.
There are advantages of working in the home business world is that you save money on traveling to and from work. If you previously had a long commute you know how expensive this can be whether you travel by car or use public transport. This is better for your pocket as well as the environment. You also save time that you would normally spend traveling, so you can have more time with your family and enjoying yourself.
Other advantages of the home business world are being able to have more flexibility over your working hours. If you prefer to work early or late in the day it is more likely that you will be able to do this if you are working at home. You can fit work more easily around family life and always make up time over the weekend if necessary. It makes it easier if children are ill and have to be home or if you have appointments that you need to work around. It is also an advantage not to have to wear office clothes every day. This can save you money and make you feel more comfortable when you work.
You are likely to work harder at home as there are less distractions than there are in big offices with phones ringing, the sound of chatter, and colleagues coming up for help or just a chat. If you are running your own business you are likely to be more motivated as you will directly benefit from all the extra money you make, unlike in a large business when often you are paid a fixed salary despite how hard you work
The main disadvantage of the home business world is that you will spend a lot of time working on your own. It can be hard spending most of the day alone and it sometimes can be difficult to motivate yourself to work without your colleagues around. It can feel quiet and isolated, especially if you don’t have any family or friends near to where you work. You will need to make sure you get out in the evenings and weekends so that you have some company.
Other disadvantages of the home business world are not necessarily having all the resources you normally have like you do in the office. There are also expenses you may have, like the cost of phones, and heating or cooling your home office. You may have to invest in furnishing a room to use as an office, or at least a new desk and good computer. You’ll need to figure out if you will quickly make enough money to pay for these items or whether you will need to wait a while before investing in things like this.
Now you can see some of the advantages and disadvantages of the home business world.