Working at Home Problems
Being your own boss and working from home has it's advantages such as a flexible schedule and unlimited income. But there are also drawbacks to running a home business or being a telecommuter. And before you take this step, it's best to recognize the cons.
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Types
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There are two types of people who work from home--individuals who run their own businesses such as independent contractors and freelancers; and telecommuters, who are usually employed by a company.
Boundaries & Distractions
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Separating work and family life is key to success. Setting clear boundaries and discussing these boundaries with family and friends can alleviate common work-at-home pitfalls such as distractions. Work-at-home professionals have to stick to a schedule and fight the tendency to stay in bed late or watch television all day. Taking care of children, surfing the Internet and other activities can keep you from getting your work done.
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Considerations
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Working at home can involve little contact with the outside world, and anyone considering this type of arrangement ought to consider whether they can handle isolation.
Expert Insight
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Freelancers and home-based business owners do not receive health benefits or retirement options from an employer. These professionals have to pay their own health care premiums, set aside money for taxes and open a retirement account.
Misconceptions
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There's a belief that work at home professionals "have it made." But unlike working outside the home, where jobs normally end at 5 p.m., some work-at-home professionals find themselves working around the clock--including weekends.
Warning
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If employed by a company, you can expect your paycheck on a certain day each month. And although freelancers and home-based business owners may be guaranteed a set income, clients may send late or slow payments, which can have a significant impact on home-based worker's finances.
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