Brought to you by Youi Insurance. Youi offers great deals on car insurance for people (like me!) who work from home and therefore drive less.
Maybe you are thinking of starting your own business or looking for ideas that would help you start working from home? Before you make the leap and chuck in your day job, consider some of the pro’s and con’s of working from home. It isn’t all roses and sunshine and you do need to do your research but it can have some wonderful benefits. You can also find some ideas for earning money from home here.
Many people decide to work from home in the hope it will offer them more flexibility. To an extent this is true (although it does depend on the type of business you run or work you do). Most jobs require you to work certain hours on certain days and at certain times. Working from home can offer flexibility (although that shouldn’t be confused with meaning you work less). This was my personal reason for starting to work from home. I wanted more time with my young family and the flexibility to work around them.
One of the sometimes forgotten pros of working for home is reduced general expenses. Not travelling to work means you are using less money on public transport, have lower petrol costs and are driving your car less. Less driving can also mean cheaper car insurance, with companies like Youi offering great deals for people who work at home and therefore drive less. Even if you don’t work from home but you drive less than most (maybe you’re a stay at home parent), it’s worth checking Youi out to see if they could save you some money.
Control over your work
This is one of my favourite parts of working from home. I get to have (almost) complete control over what I do. This also means you get complete blame and responsibility when it doesn’t work out though 😉
Some people who start working from home are looking at the potential for a higher income. This can be true and some businesses really take off and can earn you an amazing income. Generally this isn’t overnight and it is rarely without a lot of hard work and dedication.
Do something you enjoy
There is a saying that says if you work at something you love you will never work a day in your life. Doing something you enjoy can certainly be a major pro of working from home. I personally loved my “professional” job (I am an audiologist by training) so for me working at home isn’t about moving from a job I hated to one I enjoyed but for many people it is. I have had the luxury of loving most of the jobs I have had and working from home may offer that for you.
You can’t go home at the end of the day
When you work from home and run your own business you can’t just up and leave it all behind at the end of the day. Setting boundaries around work and home is still something I am learning and it is essential to a successful job at home.
It is usually more work that you think it will be
So you think you’ll start up a little online business, work on it for an hour or two each month and replace your annual salary within a few months? I hate to break it to you but you won’t. Working from home is hard work and generally takes a lot more work that you plan. Whether it is interruptions or the steep learning curve of starting out, count on the fact it will take you more time than you initially thought.
When you work for someone else you get paid each week. Do the hours, do the work, get paid. There is a level of stability and certainty. Working from home generally doesn’t offer this and there can be considerable financial risks involved. Consider this carefully before quitting your day job.
It is a juggle
Working out of the home means you leave, work and come home. While everyone juggles (especially working parents), working from home makes it even more difficult to divide work from home. Whether it is friends and family who consider you to “be at home” when you are trying to work or a partner who struggles to understand the significance of the work you do because you don’t “go out to work”, it can be a struggle to find a suitable balance.
Still keen? You may like to check out some of my ideas for earning money from home.
Checklist for those who work from home
- Check you are getting all the financial benefits of working from home (including cheaper car insurance & claiming relevant expenses)
- Develop a schedule that helps you balance work and home
- Sit down and evaluate what you are doing and why. Do you enjoy it, are there better more efficient ways you could be working? It’s easy to get caught in the everyday tasks when you work for yourself.
Do you work from home or want to work from home? What do you think the pro’s and con’s are?