While a home based business has many advantages and perks, it also has its share of disadvantages. Before firing your boss and opening doors of your own home based business, itís good to be aware of these things so that you can plan for them and also keep your expectations realistic.
One drawback to having a home based business is that unless you have a partner, and most home based business owners donít, you wonít 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 itís youíd 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 details that go with it, everything from answering phone to filling orders to accounting to taking out trash. And itís easy, especially when first starting a home based business, to feel overwhelmed by it all. By being aware of this in beginning, youíll 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 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 evening hours. And without fail, phone will ring at inopportune times. Even with 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 thereís fact that it can be lonely running a home based business. Many people donít think of this when they trade their conventional jobs to work at home. And while solitary work appeals to many, it just isnít right for others. So before you start your own home based business, itís good to consider your own needs here. Do you enjoy being with people a lot? Are discussions around water cooler 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 house occasionally.