Why Indeed? What’s wrong with working for a company in a traditional workplace?
Those are good questions, and there really isn’t anything at all wrong with being a traditional company employee, or the boss of such a company. In fact, there’s a lot to be said for having your workplace entirely separate from your living space, coming home at the end of the day to your own tranquil little refuge from the world (er, hang on, that doesn’t sound much like my house, even when I was an employee).
It’s also quite convenient having your company sorting out your taxes and such like, rather than having to keep the books and submit tax returns.
But, then again, working from home does have some clear advantages over a traditional job. You can commute all the way to your kettle en-route to your laptop or whatever you use for a workstation, rather than dragging yourself through crazy traffic or packed train stations. Those 2 hours or more that many spend on the daily commute can be spent doing something productive, something pleasant, or maybe even both at the same time.
All that hard-earned money can easily be swallowed up by childcare costs if you’re a working parent. But if you’re working from home, you can schedule your work around those school runs, and even around school plays and parent’s evenings.
If you’ve ever gone cap-in-hand to your boss, hoping against hope that they will agree the holiday dates that you’ve got in mind, that’s not something you have to worry about if you are your own boss. Take your holiday when it suits you, not fitting it around the needs of the other twenty office staff all needing to book their holidays.
If somebody is going to write your paycheck, shouldn’t that somebody be you? Well, if you want to earn more, you only have to take the time to do more or be more. It’s up to you.
Of course, it does require discipline. You won’t earn much if you don’t do much, so you do need to treat it like a job as opposed to a hobby. A good question to ask yourself is whether you would actually employ yourself or fire yourself if the person in the mirror were your employee.
And, while it can be tempting to do it all, being ‘head cook and bottle washer’, don’t forget that it’s quite possible to outsource some of your tasks. A good accountant may save you thousands, not just on your actual tax bill, but also on the cost of the time you might otherwise spend doing your accounts. And even a gardener or home cleaner can free up valuable time that could be spent doing something more productive.
But how many times has the office window cleaner actually helped you to earn more money?