Owning your own home-based business is by and large a very rewarding, exciting endeavor. You can set your own schedule, and be where you want, when you want. You can oftentimes forego
commute to a "regular job" and save money on gas and other "niceties" that are expensive in
work-a-day world, such as lunches, parking fees, etc.There are unexpected pitfalls and disadvantages, though, in
owning and operating of a home-based business. Some are psychological, some are emotional, and others are purely physical. The unexpected stresses of a home-based business are really one of
major obstacles that need to be overcome by business owners. Many new business owners are unprepared for just how much stress is involved, actually.
Home-based business stresses usually fall into three overall categories:
1. Psychological : Employees, Finances, Legal, and Operations
2. Emotional: Family, Friends, Change of Personal Routines, Personal Disruptions, Isolation
3. Physical: Sedentary Lifestyle, Poor Eating Habits, Overwork
Many business owners, in order to prevent
psychological stress will have plans in place for dealing with these particular stress factors, prior to their occurrence. This is a proactive approach that is infinitely better than having a reactive approach to these occurrences.
Each business owner should have a financial plan in place for
times when orders or clients are few and far between (slow times), as well as a good accountant to call when necessary. Each business owner should also have a lawyer who they trust and can turn to for advice if necessary (we do live in a very litigious society). And each business owner should have a plan for sickness among employees and hiring and firing protocols firmly in place. Machinery and replacement of business supplies should also be well planned in advance, and purchased according to well laid out plans for expenditures.
Leadership skills will need to be developed, as a new business owner who is used to being part of a team, will find working alone and "being in charge" a somewhat difficult transition at first. Books on leadership skills abound and it is a good idea to do readings on
development of these to proactively avoid
psychological stress that comes with this change in roles. Working alone and making decisions alone is quite different from
conformity and decisions made within a group.
If a proactive approach is taken,
psychological stresses of a new business can easily be prevented, or at least lessened.
The emotional stresses of a home-based business are usually a bit more difficult to ascertain and tackle when they occur. Some of these stress factors can come directly from well-meaning family and friends, unfortunately, and
approach is of course, much different. Since a home-based business is directly tied usually to
home life of an individual, there is less chance to escape these stresses, than with a traditional method of employment. A new birth in a family, a death of a loved one, illness, or simply a change of schedule of another family member, can greatly impact
daily workings and routine of a home-based business.
In addition, family and friends may view
business owner as "being at their disposal" all day now, as
business owner is now "home" much of
time. These well meaning individuals may call or visit all
time, and also expect
business owner to take care of their needs before
needs of
business. This is simple human nature, but is very distracting for
business owner. The only way this can be successfully overcome is to make plans well ahead of time for any changes in routine, if possible, and adjust
schedule accordingly as
changes occur. Well meaning family and friends need to be told with certainty that there are "business hours" and "personal hours" and a business owner needs to remain firm in their resolve in regard to these issues.