What are the advantages and disadvantages of running a home-based business?
I would like to know the advantages and disadvantages of operating a business out of your home versus having it based in a commercial building.
Working on your own time frame…
Working in the middle of the night or early morning…
Great tax write off…
Skipping work to do nothing and still get paid…
Helping others who need more income but cant find work…
Helping stay at home moms who want to work part time without leaving their kids…
Being able to work without combing your hair and keeping your pajamas on lol…
Having more time with your kids and never missing special moments…
Being able to upgrade your lifestyle and helping others do the same…
and many more etc.
The advantages of a home-based business are:
Commute away. Those cold, snowy morning, just dig out you will do is highlight a clean coffee cup from the dishwasher. Whether you are by car or mass transit, will have no future related costs. No gas, no tolls, no bus or train.
Disadvantages of a home-based business:
Of course, there are some potential drawbacks to working from home as well.
It can be lonely. With no companionship from co-workers, you may occasionally feel isolated and alone. Now, some of us may do best with fewer distractions, but even then, from time to time to share a joke about a water cooler or bounce an idea off a colleague. You may want to schedule socialization time during the workday. You can work from a local coffee shop for a few hours, plan to attend a monthly networking meeting, or meet a client face-to-face. They just don't spend every working moment at home alone.
Advantages of a commercial building business:
Room to Grow
Dedicated Work Space
Room for Employees
Disadvantages of a commercial building business:
No Home-Office Tax Break