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28 Feb 2017

Should you work from home?

Jobs are hard to come by. According to The Bureau of Labor Statistics for June 2015, the National unemployment rate was currently about 5.3 percent. That is 8.3 MILLION people still out of work, according to reviews of payrolls, unemployment filings, etc. California was higher, with an unemployment rate of 6.3 percent. My own county, Kern County, currently has 9.9 percent of its population unemployed, while some counties in California have up to 21 percent unemployment rates. The Bureau of Labor Statistics ranked unemployment in also at 9.9 percent. And just think – this is based only on unemployment rates and payroll information. Many people, like myself, have been unemployed and are not included in the data because I no longer qualify for unemployment or get counted in anything.

Needless to say, people need alternatives to traditional jobs.

But how do you know if working at home is the solution to your financial hardships?

work-from-homeWorking from home is not easy. You can’t sit back doing nothing and expect the money to roll in.  It will take time and effort to see true success. You have to put in the time to see results.  You had to work at your previous job, right? Working from home is not different. It is still work. And no one will be there to bail you out, to ensure you receive a paycheck even if you have poor work performance on the job. You are responsible for the work needed to make money. And it can be challenging.

Working from home will cost you. You can’t expect to get rich off of nothing.  Most opportunities will take some financial investment and plenty of time and dedication. If you plan to start your own business you will have startup costs. If you opt to join one of the existing work from home business opportunities, be prepared to invest in franchise fees, enrollment fees, or membership dues. Of course, some existing businesses you can join have no startup costs or are very affordable, but not all. Prepare yourself up front that most work from home jobs are going to take money to get started. But keep in mind much of what you invest can be written off on your taxes! Talk to your tax preparer for information on how to do this.

beyourownbossWorking from home takes motivation and discipline. You are now your boss. You decide what to do, when to do it, and how, as well as how LONG you will work. Long term success means putting in long hours, whether after you get home from your day job or all day from home. No longer do you have someone staying on top of you to make deadlines.  No one will be there to check your work and keep you motivated or on task. No one will be around to clean up your messes or guide you when you struggle. Are you prepared to keep yourself working? You have to find the inspiration and motivation to keep yourself doing what needs to done on a regular basis.

There is no guarantee that working from home will be successful. But in these tough economic times why not try? If you have the desire to work from home, some time and money to invest, and an idea of what you want to do, working from home can be a highly rewarding job.

The only thing holding you back is you. Are you ready to work from home?

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