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Leave the Business Suit in the closet

In recent times, more and more people are re-evaluating their lives. With the Technology boom showing no signs of slowing down, there seems to be no end. With work hours longer and the prices of basic necessesities going up, people are now looking at making that balance between home and work. Gone are the days, when mum and dad used to come through the door at 5.00p.m. So, what is the alternative?

Working from home of course! Not many people have ever put serious thought to it. Sure there are scams and risks but that is found just in about anything you do. Let’s take a look at the advantages of working from home.

 

Advantages of working in your PJ’s !

  • Savings

    As there is no set-up fee involved for leasing or purchasing a premise to run your business, you have just saved some money which will help towards setting up your business. You save money on petrol and travelling time too.

  • Ok Honey, I can pick the kids up everyday

    By working from home, you have the flexibility of being with your family. You can pick your kids from school or at least be around when they get back from school. You are able to work around the family commitments as well.

  • Mum, Dad can you help?

    Family is always more then happy to chip in and help. Dad could help you with the filing and mum could help answer a few calls.

  • Setting your own work time

    You can decide how little or how much you are going to work EACH DAY! Now that is a great advantage. You have the flexibility to decide that and not your boss as you are now your own boss!

  • Save , Save on the Tax Man

    Not many people are aware, but you can claim on almost anything back from the government if you have a home business. You can claim from the car you drive, the stationery you use, the telephone bills, the house you live in…etc. (IT all of course depends where you live and what the law says as it differs from country to country) You will be surprised to learn that there are so many things you cannot claim at a regular job that you can claim from home.

  • Success is real and possible

    Some people get put off by the idea of working from home thinking it is too hard. There is real potential to earn and be a success. Think about it, you are working for yourself. In most cases, you are not sharing profits with the rest of the company and at the end of the day, the more effort and sincerity you put in at the start, will reap benefits in the long term.
All that sounds rosy and promising but with anything in life, there are downfalls and pitfalls to look out for. Likewise, with starting a home based business, there are some risks as well. It is good to have a clear picture of what you are getting into before you say goodbye to your boss.
 

Pitfalls to watch out for before you say goodbye to your boss!

  • Setting boundaries

    When you first start your business, you will soon find out that friends and family will be rather excited about your venture. They may call you at all times, pop in for a cup of tea thinking you are free etc. The best thing to do is gently set your boundaries. Install a second telephone line for the business to be professional. Make it known that you may not pick up calls between certain hours.
    With a little trial and error you will soon be able to settle in.

  • Home Alone

    For some people, the initial weeks can be rather daunting as the soon realise that they are working in isolation, away from colleagues, the coffee machine, the photocopy room, the deli across the street. The important thing is to remain focused and remind yourself that you have a business plan/goal which you have set out to achieve. The key is to stay motivated.

  • Trying to be the Jack of All Trades

    People soon come to realise that not only are they setting up a business from home but in most cases, they will be ding everything on their own from photocopying, accounting, promoting the business, being a customer service representative, being a sales person) This can be daunting as you soon realise that there is no one you can easily delegate work like in a regular job.

  • Be a professional

    The golden rule is : DO NOT LET YOUR KIDS ANSWER YOUR BUSINESS CALLS. This is very unprofessional and if possible, set up your office in a quieter part of the house. Okay, you can still work in your pyjamas but make sure you have your business card, website and basic essentials. To the rest of the world, you must be professional if you want to be a success.

  • Plan,Forecast,Execute

  • It is essential to plan and forecast what you are going to do, how much you are going to spend and when you need to complete certain tasks. Otherwise what happens is that you make it an excuse that you are working out from home but are not productive and conscious of the time and money you are unnecessarily wasting.

  • If you think that you have what it takes and want to get into owing, managing and running your own successful business, then these products below may just help you to get started.