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| Top 5 Advantages of Owning a Home-Based Business |
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- Flexible hours. It's a wonderful feeling to be able to work at the time YOU want to work. Whether you're an early bird or a night owl, you have the option to work when it's convenient for you.
- Being home with the kids. If you have young children, there is nothing more satisfying or gratifying in the world than being able to be there for them 24/7. You get to see the "firsts" rather than the daycare teacher or babysitter seeing it and telling you about it later. You are there when he/she is sick or falls down and needs that extra hug. The advantage of being home with your kids is priceless.
- Control of your destiny. You control every aspect of your business; therefore, your future lies in your hands. You are your own boss and get to make all the critical decisions into how the business is operated.
- It's fun! Every day is like Christmas when you own your own business. Sure there are days that are stressful and you wonder why you ever decided to run your own business out of your home, but waking up and knowing that the day is yours to succeed, prosper, and grow makes it all worthwhile.
- Recognition and Accomplishments. When you have worked long and hard on a major project, it sure feels good to know you completed quality work and made the customer happy. Receiving recognition for a job well done from your customers reminds you why you decided to go into business in the first place.
Top 5 Disadvantages of Owning a Home-Based Business
- Long hours. Most home-based business owners put in many more hours per week than a regular full-time job. Since many of the businesses are run and operated as a sole-proprietor, the owner is the receptionist, accountant, runner, and secretary--not to mention the only person to get the actual work done!
- Steady income. As with anything in life, you only get out of something what you put into it. This applies to all areas of a home-based business, from marketing to follow ups to going the extra mile to get that new customer.
- Isolation. It can become very lonely for some people who work from home, especially if they have a very outgoing personality and are used to being with people.
- Uncertain future. It can be frightening at times not knowing if your business will carry you through to reach your goals. Having a sound business plan will help guide you in the direction you want to go.
- No or very little support system. When the printer breaks or the fax machine continually jams, usually there is only one person you can count on he fix the problem - YOU!
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