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Factors To Consider Before Quitting Your Day Job To Work From Home

Feb 12, 2008
Are you thinking about quitting your job to work from home? Here are some things you need to consider before jumping right in.

You surely have dreamed about working right within the comforts of your very own home. It is everyone else's dream, especially those who do not earn as much in the office setting. If you work from home, you can bid goodbye to your bossy bosses, commuting, and your fixed work schedule. It sounds like bliss. However, before you submit that letter of resignation to pursue a work at home job, make sure you consider these factors:

Your present job

A company still provides a few benefits that you can't receive with a work from home job. You should check whether you have benefit plans which will likely increase in value in the near future. Check also whether you are entitled to receive money from these benefit plans. In addition, your company is most likely providing you with health insurance. Schedule your routine check-ups beforehand then find out how much you will need to pay if you would like to continue the coverage as self-employed. It is also great to take advantage of training sessions paid for by your employers that you could use to improve yourself.

Your attitude

A work from home job has its challenges. Carefully evaluate yourself whether you have what it takes to succeed in doing your own business. Check whether you can set goals, become flexible and disciplined, and if you have a good idea about the market you are joining. Also evaluate your skills and your knowledge and determine whether you should take trainings before venturing onto a work at home job.

Your finances

How much money have you already saved with your present job? Is it enough for you to live on at least for the next few months? Remember that success in a work from home job can't be achieved overnight. You need to spend time, effort and energy before you get the target income you are aiming for. You can check whether you can get a retirement package from your employer to help you finance your home-based job.

Your family

Remember that a work at home job is a big career leap. Make sure that you prepare your family financially and emotionally. Your kids will most likely be happy about it, but make sure you emphasize that your work from home job is still a serious job. You need to set boundaries beforehand and inform them about it. It is imperative that you let them understand how they need to respect your work time and work space.

Preparation for home based business start-up

If your work at home job comes in a form of an Internet home-based business, you need to come up with a thorough market research to make sure that your idea is profitable. Entrepreneurs find it most advisable to start your business part-time first. You can slowly build contacts this way, and get yourself referrals and clients. As soon as you find it to be profitable as foreseen, you can quit your day job and pursue your work from home business venture full time.
About the Author
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