Things to Consider Before Firing Your Boss

One drawback to having a home based business is that unless you have a partner, and most home based business owners don’t, you won’t have anyone to back you up in case of illness or an emergency.  Finding someone to help you out when you want to take a vacation can also be difficult for home based business owners.  So it’s you’d be wise to have a backup plan that ensures your home based business will continue to operate if you must be away for any reason or just need to get away to recharge your batteries.

Another disadvantage to owning a home based business is that you have to wear a great many more hats than you would generally have to wear in a conventional business.  Most home based business owners have to not only manage their business, but also see to all the details that go with it, everything from answering the phone to filling orders to accounting to taking out the trash.  And it’s easy, especially when first starting a home based business, to feel overwhelmed by it all.  By being aware of this in the beginning, you’ll be more prepared when those feelings hit and able to manage them better.

Having a home based business can also cause family difficulties.  Few businesses operate on the traditional nine-to-five schedule these days.  This is especially true for people who work at home at a home based business because they often have to take care of paperwork and similar tasks in the evening hours.  And without fail, the phone will ring at inopportune times.  Even with the best of intentions, a home based business will affect family members and inconvenience them from time to time.  Preparing your family members in advance and alerting them to what to expect when your home based business is up and running will help everyone involved. 

Then there’s the fact that it can be lonely running a home based business.  Many people don’t think of this when they trade their conventional jobs to work at home.  And while solitary work appeals to many, it just isn’t right for others.  So before you start your own home based business, it’s good to consider your own needs here.  Do you enjoy being with people a lot?  Are the discussions around the water cooler the high point of your day?  If so, a home based business may not be for you.  If you decide it is, you should still make plans that will allow you to interact with people or at least get out of the house occasionally. 

Which brings up a final pitfall to having a home based business. When you work at home, it’s very, very difficult to develop a work and life balance.  Your home is also your office, and this makes it hard to keep your work life and your home life separate.  It’s too easy to skip the movie you were going to watch with the kids and go to your home office and tackle that paperwork that’s nagging at you.  Many home based business owner find they’re actually working far more hours than they did when they were employed elsewhere.  Most of them don’t mind because they get so many rewards from owning their own home business.  Still, it’s wise before starting a home based business to think about how much time you realistically want to spend working and what hours of the day are best for you—and your family.  Many people arrange to do as much work as possible during the hours their family is asleep or away at work and school.  This makes it possible for them to spend quality time with their families without worrying about getting their work done.  A little planning here goes a long way in not only making you a successful home based business owner, but also a happy, well-balanced one.