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.
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