Whether personally or globally, our economy can have radical shifts. ‘Feast or Famine’. Unfortunately the ‘cost of living’ doesn’t change very often. Many are thinking of or already working from home. For several reasons it is probably best to do this part-time at first.
Working from home has many advantages. Besides being able to have extra money to save or use for something your salary alone may not afford, a close second is probably being your own boss and to do the kind of work you want to do. Most plan on eventually working from home full –time. (make sure you have proven full-time income before you quit your day job!)
A full-time home business provides freedom. You have the freedom to create and maintain your own work schedule and to save money on gas, food and clothes. If you ever calculated it you probably spend a lot of time commuting that you are never paid for if you are working away from home. When you work from home, you are able to keep more of the money you make.
Another advantage of having a home based business is that you can spend more time being around your family and friends. You will not have nearly as much stress all the way around as you would have with a job. Remember your kids are only kids once. Don’t miss all the ‘firsts’.
A home business gives you more opportunity to progress professionally. To run your own business gives you experience in management. Having your own plan gives you a chance to be more creative. You may even be able to use talents you haven’t been able to use before as well as ones you have honed through years in your career.
To make your home business work, you need to put together a well thought-out, written business plan. There are many online websites that can help you think this through. Don’t be in denial about this because you really need to know how much time and money will be required at different stages. There are many ways you can do this as your assets allow. Use the skills you have to do things for free to promote your business.