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Wednesday, September 3, 2008

Is it Possible Start Home Based Business & Quit Day Job

by Mira Stjepic

While the idea of working at home in the comfort of your pajamas sounds like heaven, be sure and look before you leap. If you have a traditional full-time job and want to transition into a home-based Internet job make sure you do your homework first.

It is a good idea to test the waters ahead of time by working part-time via the Internet while still holding your current traditional job. Many times people quit their job prematurely and regret their decision.

So before you write that letter of resignation, here are some things to consider first:

1.First, ask yourself if you are the type of person who will be motivated to work at home on a daily basis. It requires setting time aside for work and leaving the laundry for later. So decide whether or not you can function being your own boss and get work completed. Some people find they actually need a boss to keep them motivated.

2.It is important to consider other benefits that you will lose when you quit your current job.

In most cases, a person may have a spouse which entitles him/her to many benefits like paid holidays, longer leaves, retirement benefits, etc. so while you estimate how much youll be earning from the home job, take into account the cost of these perquisites as well, and not just the salary that you drew from the organization.

3. Another aspect that hurts the most is that you need to live without getting a check regularly as your income.

Do the math to make sure you can cover the daily costs of living as well as any expenditures related to your business.This will give you an idea of whether or not you should go for the home-based opportunity or not.

4. Last but not the least, have a clear idea about what your home business is going to do and what it is expected to give you. Assuming that no money will be required for promotion of the home business from your part is unrealistic.

Do you want to provide services for someone such as writing or graphic design? Do you already have opportunities lined up for work? Do you want to sell products online? If so what kind of products and who will you market them to? Will you need additional money to start a home-based business?

Before starting your work-from-home venture, it is a good idea to have a nest egg in your savings account maybe enough money to sustain you and your family for a half of years time if needed.

So this gives you confidence and some security about financial matters and permits you to fully concentrate on the business rather than worrying about people at home, and how will the cash flow in.

So consider all of these factors before making the decision to quit your current job and work at home.

Irrespective of the benefits, a home job is not meant for anyone. So while on the job, take some time to think about it rather than quitting immediately. Take a stand!
To find the best home based business ideas and opportunities so you can work at home visit:


Blogger Peter Lee said...

Hi Mira,
You've given very good advice and I'm sure many who are thinking of starting a home business would have gained a lot from these tips. I think the best tip is still to do the business part time just to get an idea of what's it like, before taking the plunge.

Peter Lee

October 30, 2008 at 10:13 AM  

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