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Should I work from home?

Jul 6th 2012 at 2:24 PM

By Laureen Miles Brunelli, Guide

Do you have the skills to find a work-at-home job or opportunity?

If you want to be an entrepreneur, you'll need certain skills for starting a home business--i.e., organization, financial savvy and a knack for sales--as well as some essential knowledge about business practices. But even more basic skills like good time management and the ability to write effective email are important too, whether you’re a telecommuter or business owner.
Can you afford to take a pay cut and, possibly, pay start-up costs?

While I don’t advocate paying to find a work-at-home job, most legitimate home businesses have some start-up costs. And often the income doesn’t start flowing right away. Take a look at your finances. Can you afford to change careers, or do you need to build a nest egg first?

And even if you find a telecommuting employment position, it may be difficult to find one with as high a salary as or as many hours as your work-outside-the-home job. Also don't forget about child care costs. This expense may either increase or decrease if you start a work from home job. Of course, there are other ways to save money by working at home, so be sure to take a careful look at the financial pros and cons of working from home.
Do you have the time?

If you go from working outside the home to working inside the home, you will likely save some time. Keep in mind, though, a home business can take an enormous number of hours before you begin to make any money at all. If you’re a stay-at-home mom looking to make extra money at home, even part-time, you will have to figure out which of the activities that currently fill your day you will eliminate. Things like volunteering at school or attending school events may have to stop.
Do you need child care? Can you afford it?

Just because you are working inside the home doesn’t mean you don’t need child care. A job or business will need your attention just like your kids do. Figure out how much child care you need and then see how that fits in your budget. If your kids are in school you may need little or no child care. It may make more sense to wait until your children enter school before starting work.
What do you want to do from home?

This is really an important question. If you want to escape the rat race of your current profession, then doing the same job from home might not make you any happier. Or if you choose something like being a call center agent simply because it can be done from home, but really have no desire to do that type of work, you won’t be any happy. A lousy job is a lousy job, wherever you do it.
Will your family be supportive?

One parent working at home can be a convenience for everyone in the household. And most families are very supportive of the idea of mom working from home. However, in practice, families can be less than supportive. Mom may add new responsibilities in her career without shedding any at home. Both partners and kids need to pitch in and help with the household chores. And mom needs to set work-at-home ground rules that should be respected.

Looking for a good paying work at home opportunity?

Please to comment
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