Saturday, April 30, 2011

Working from home - what's the skinny?

Ok, so I've been thinking a lot about this and was wondering what do other people think about the whole working from home idea? I ran my own company for 4 years and worked out of the house and I have to say that while going to work in your PJ's and being able to make your own schedule is more or less liberating, there are a number of trade offs that certainly made me uncomfortable.

Mainly and probably the most important thing that was troublesome to me personally was the lack of ability to be able to budget effectively. My wife and I have 2 teenagers to take care of and it was extremely difficult when I have a fantastic week one week and then total garbage the next. The ideal situation would have been to get that all to often hoped for cushion of 2 or 3 months worth of expenses saved and in the bank. Well, that's certainly a lot easier said than done.

Now that I'm working full time for a company and doing some consulting work on the side I have to say, I'm so much happier overall that it's literally an eye opening experience for me. I go to work for my standard 40 hours plus and then do some website building / maintenance for a couple of hours when I get home and I get the bonus of extra spending money along with the bonus of being able to budget our monthly bills much easier with the full time income.

There are so many hats to where when running your own consulting company that often times you wind up wearing so many at a time that you start to get lopsided. Chasing down unpaid invoices, trying to sell new customers, and staying up on the latest technology, left hardly any time for my family.

So, do I hate the idea of working from home? Not at all, if my full time job offered me the option of working from home, like many companies do now, I would jump at it. I just think that owning your own company and working from home is a tall order to fill most of the time.

Soooo, what do YOU think?

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