Thursday, August 28, 2008

Leaving Your Job Behind for a Home-Based Business

By Frank Bolsom


Most people who join jobs on the internet wish to do business online and leave the present job that they might be into. With a greater enthusiasm in the home based internet job, they wish to quit their present job at the earliest.

At times, people do make a decision for which they have only themselves to be blamed. After all, quitting a full-fledged job requires a heart of steel!

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. Secondly, you must consider ways of protecting yourself of from the additional benefits that were provided to you in the job.

You will not have paid vacations or holidays, sick time, health care or retirement benefits. So consider setting aside an account for these necessities as well. If you will maintain medical coverage under a spouse, than that is one thing that you dont have to worry about.

3.Another consideration to take into account is can you live without a regular paycheck?

So take care of the day-to-day costs that you incur, besides the expenditure related to business, and you will have a fair idea about whether or not you should go for the online business in the long run.

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.

This will give you the confidence and security when it comes to your finances and will allow you to better concentrate on your business.

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

Keep in mind, that working at home is not for everyone. Some people may miss having the daily interaction of fellow co-workers. However working at home does have its perks such as no commuting, no dressing up, and no boss!

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