What are the Con's of Setting up a Home Based Business?

A Home Business Article Contributed by Philippe Nicolitch

Is a Home Based Business the Right Solution for You?

The number of people who wish they could set up a home based business is increasing every year. Employers are more open to the idea, and potential customers are comfortable dealing with self-employed contractors who work from home. Despite all that freedom, some people are simply not meant to work from home and need to be in the secure environment of an office, and there is absolutely nothing wrong with that.

Some Con's of a Home Based Business

A home based business can be a draining, stressful, lonesome adventure. Think of a large enterprise where all the activities: sales & marketing, production, finances, etc. are clearly broken down into department where experts take care of each area. In a home based business, you would be the one taking care of them all, potentially with your mother-in-law in the background. Being your own boss is a privilege that also has its drawbacks where long hours are required along with skills that you may need to learn.

How do you feel about spending the whole day between you and your computer? If this thought is chilling, you may want to think about the approach of your home based business. Working from home does not necessarily mean that you have to spend all day at home. You may want to choose a business where you need to go out and meet clients regularly, to allow for variety.

Ensure that your friends and neighbors understand that although you are at home, you actually work there. There will be some time in the beginning when people invite themselves for a cup of coffee, or expect you to have time to talk on the phone. Learn to be strict and stick to your daily schedule.

In some extreme cases you may end up spending days without going outside, which is not good for health or morale. Make sure you build some outdoors activity in your schedule.

Home Based Business for Entrepreneurs vs. Employees

Setting up a home based business as an entrepreneur will take far more efforts than being an employee who works from home. Not only will you have to deal with the creation of your new business, but also with the fact that you will be contained to an unusual work surrounding, your home, to conduct your business.

You home will become your 'mission control' location where you market and sell your services, you manufacture the goods or produce the services, and complete all the side work such as accounting, ordering supplies, etc. Again, if the thought of spending so much time at home is scaring you, you may want to investigate the possibility to work as a consultant and take contracts where some of your time is spent at the client's office, and the rest of your time at home compiling your recommendations.

In conclusion, the toughest change when setting up a home business is the fact that you are constantly home-based. Although this was your desire when you ventured in this direction, this may turn out to be more challenging than expected.