Home-based offices have more than a few pros, however, they also have a few negative aspects. This article will outline the biggest disadvantages of working from home.
With the office rental space prices drastically rising, it is no wonder why the idea of working from your home sounds more and more appealing. To add to that, most Americans are sick of their daily commute and find huge relief in being able to save some of their time by working from the comfort of their own house.
1. Finding The Space
Creating a designated working space in your home can be a tricky matter, especially if you are living in a smaller house or an apartment. Ideally, you would be able to turn one of your rooms into an office. If you don’t have such a space available, you can find a space in your house that you use the least or that isn’t living to its full potential. The next step is to hire a carpenter to create a desk area that will fit the available space. You can also go to one of your local home improvement stores and buy a piece of plywood that would act as a desk. Although, to utilize the space in hand to a maximum, it is always better to hire a professional.
2. Living in an office
Finding the motivation to dedicate to work can be difficult while working in an environment that is not exclusively work-oriented. Distractions such as television, a book or your family members could occupy your time and keep you from developing your business.
On the other hand, the concern isn’t only not being able to do your job. On the contrary, living in your office can drive you to a non-stop work frenzy. It is imperative to know what your work hours are and when is the time to simply sign out. This problem can present itself with your business administration as well. If you are having a bunch of office supplies and papers lying around your home, it will be increasingly difficult for you to distance yourself during your free time. Renting cheap storage to hold the business papers you are not using daily, could solve this issue.
3. No man is an island
Home-based offices may be a more comfortable way of doing business but are far from being a social manner of working. What’s more, according to recent studies, many people working from their homes mentioned feeling isolated and even depressed. This is why psychologists advise making a stronger effort to see friends and family after work hours.
4. Problems with cashflow
The majority of startup companies don’t make a profit for the first few years. A home-based business may have it easier due to not having the expense of setting up an office, however, they are still new companies with plenty of expenditures.
How to keep your business afloat with the rising costs?
Set aside a stack of cash to help you through the hard times of your company. Make an effort to keep the continual cash flow. There is no easy way to do this. However, you should try and send out invoices to your clients as soon as you provide them with your services. Create your own personal budget as well as the one for business expenditures and go through with it.
Operating a business from your home is, undoubtfully, difficult. There will always be ups and downs. Try to take this advice into consideration and you will be able to establish some control over the process.