Working from Home ... For Yourself or Someone Else?

Written by Elena Fawkner


Although many people badly want to work from home, not everyone wants to have to launch and run a fully-fledged business of their own in order to do so. For such people repparttar desire to work from home is more about maximizing time to be with family, physical location, comfort and convenience than it is about entrepreneurship.

If this is you, telecommuting may berepparttar 106352 answer you've been looking for.

WHAT IS TELECOMMUTING EXACTLY?

For our purposes, telecommuting simply means an employee is working from a location other thanrepparttar 106353 employer's premises. Usually it meansrepparttar 106354 employee is working from home, performingrepparttar 106355 same functions that he or she would otherwise be doing inrepparttar 106356 employer's office.

ADVANTAGES OF TELECOMMUTING

The advantages of telecommuting are many.

=> Forrepparttar 106357 Employee

For parents with young(ish) children, perhapsrepparttar 106358 greatest benefit of telecommuting isrepparttar 106359 increased time available to spend with family. Note, though, that one ofrepparttar 106360 greatest myths about telecommuting is that it means you can do away with daycare. That's true for only a very few, very lucky individuals. Instead, think in terms of time saved commuting to and from your offsite job. THAT isrepparttar 106361 time you get back. Not your entire working day.

Financial considerations are also a strong reason to work from home. Think of what you can save on gas, clothing and eating out.

Other advantages of telecommuting for employees include:

=> Improved productivity (fewer distractions and interruptions). => Helps balance work and family life. => Greater flexibility in hours and geographic location. => Recovery of commuting hours (just think what you could do withrepparttar 106362 equivalent of over six working weeks a year, assuming you commute an hour a day). => Fewer daytime home break-ins. => Environmental considerations (fewer cars onrepparttar 106363 road means less pollution and fewer accidents). => Fairer performance appraisals (you're evaluated purely onrepparttar 106364 quality of your work and your output, not merelyrepparttar 106365 number of hours clocked atrepparttar 106366 office). => Elimination of commuting aggravators (such as obnoxious drivers, traffic snarls and other frustrations). => General stress reduction. => Improvement in morale, job satisfaction and motivation. => No need to relocate. => Can open work opportunities forrepparttar 106367 disabled.

=> Forrepparttar 106368 Employer

Advantages for employers in allowing telecommuting include: => Saving of parking and office space costs. => Increases in employee productivity (20% on average). => Reduces absenteeism. => Reduces business interruptions due to natural emergencies (if there's a snowstorm business still gets done by employees at home). => The employer becomes an employer of choice, attracting high quality employees. => Reduced staff turnover due to improveed job morale and satisfaction. => An expanded pool of employee talent to choose from since no geographical limitations are imposed. => In some states tax credits may be available. => No relocation costs to be paid on behalf of employees. => The whole office doesn't come down sick from one employee spreadingrepparttar 106369 flu.

DISADVANTAGES OF TELECOMMUTING

Of course, there are two sides to every coin and telecommuting is no different, bringing its share of disadvantages for both employee and employer, including:

=> Forrepparttar 106370 Employee

=> Coworker envy (there may be some jobs in your organization that don't lend themselves to telecommuting). => Reduced social interation with coworkers may lead to professional isolation. => Possibly fewer promotional opportunities (out of sight, out of mind). => Potential for longer hours (try and keep work and personal time separate). => Reduced IT support (who's going to fix your computer?). => Potential for distractions (young children, TV, refrigerator). => Too-frequent fridge and coffee breaks. => Can become a work addict. => Forrepparttar 106371 Employer => Morale problems in staff holding positions not suited to telecommuting. => Startup operating costs (equipment, training etc.). => IT support costs. => Management resistance and skepticism (who needs suspicious, distrustful managers as employees though, right?). => Difficulties in coordinating and monitoring performance of remote workers. => Security of information and files when allowing remote workers access to company computer systems. => Employee health and safety issues. => Can disrupt teamwork and organizational culture.

The advantages and disadvantages for individual employees and employers will vary case by case. Both you and your employer need to weighrepparttar 106372 above factors when deciding whether telecommuting is a viable option in your particular circumstances.

WHAT TYPE OF WORK IS SUITED TO TELECOMMUTING?

As for what type of work is suited to telecommuting, basically anything that doesn't demand your physical presence at office goes. You must, however, have a boss who is capable of measuring results and quality of work, not just hours worked.

WHAT TYPE OF PERSON(ALITY) IS SUITED TO TELECOMMUTING?

The qualities needed in a telecommuter are similar to those needed of an entrepreneur. Among other things, you need to be:

=> a self-starter => independent => motivated => self-disciplined => good with time management => organized.

FINDING TELECOMMUTING POSITIONS

How do you go about finding a telecommuting position?

Well, if you're already inrepparttar 106373 workforce, and your job is one that could just as easily and effectively be done at home, make a proposal to your boss that you start telecommuting one or two days a week and gradually increaserepparttar 106374 number of days you work from home as you prove to your boss (and yourself) that telecommuting is a good solution for both of you.

If you're not already inrepparttar 106375 workforce or your position is not one that can be performed from home, you'll need to actively source a position that can. Good old research, letter writing, phone calls and pavement pounding will be required.

A Feasibility Study and You: A Dynamic Duo

Written by June Campbell


You have a great new business idea. You've asked your friends and family for feedback and they gave you thumbs up approval. You've asked your existing customers if they'd have use for such a product or service and they've indicated they would. Lastly, you've done some soul searching and you know you're truly interested in this concept and haverepparttar commitment to stick with it overrepparttar 106351 long haul.

So far so good. Now it's time to do a feasibility study.

I can hearrepparttar 106352 resistance already.

"A feasibility study, you say? Isn't it something that CEO's of Fortune 500 companies fiddle with? What does it mean torepparttar 106353 owner of a small or home business like me?"

Consider: A feasibility study is research that gives you preliminary information regarding your business idea's potential to succeed inrepparttar 106354 marketplace.

It can meanrepparttar 106355 difference between success and failure. There are plenty of business ideas. Some of them will work. Some will not. We know that every year, scores of new businesses flounder and fail, despiterepparttar 106356 owner's hard work and enthusiasm. Sadly to say, one major reason for failure isrepparttar 106357 entrepreneur's willingness to commit to a favored idea without researchingrepparttar 106358 feasibility ofrepparttar 106359 concept. The demons battled here are internal ones: Loving an idea doesn't mean it's going to be a success.

Smart entrepreneurs knowrepparttar 106360 importance of doing initial research before investing time and money in starting a new business, or in developing a full-scale business plan.

This gathering of information isrepparttar 106361 feasibility study. It can be a complex, formal document used for attracting investors, or a simple page of notes to oneself. Regardless of which format you need,repparttar 106362 feasibility study should addressrepparttar 106363 following categories in detail:

The Product or Service

Describerepparttar 106364 product or service. What is it? How and where will it be manufactured or produced? By whom? How will it be delivered to customers? In what way is it unique?

The Owners and Management

Who arerepparttar 106365 members of your management team? What are their strengths in this particular venture? How will those strengths benefitrepparttar 106366 business concept? What necessary skills and strengths are missing from your present team? How will you compensate for those skills? Will you hire? Contract out? Take training courses? Other?

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