Most people dream of working from home. Sitting on the couch with the laptop, walking the dog, never putting on a tie and taking conference calls from the horizontal position. While this all sounds great at first glance, there are things that you need to consider before getting into a business without a central office. Some people are cut out for this, while others simply aren't. The key is to make sure you take a realistic look at your personality to make sure it fits with what's required to be successful working from home.
FranchiseHelp.com broke down the most critical aspects of a person's nature can determine whether they are suited to work from home. These are:
Motivation: How motivated a person is determines the level of effort they will expend in the course of running their business. If the business is started as a whim and the individual is not properly motivated then they would never be able to dedicate their full attention to the business. Motivation plays the major role in influencing a person's dedication to the work.
Work Habits: If a person has the nature to professionally conduct their work, having good work ethics and a dedicated nature then they are more likely to succeed running their own business from their home. Work habits influence the amount of time people give to their work and how professionally they can conduct their work. Someone with poor work habits would probably delay assignments and projects to the last moment and then hurriedly to the work and submit a sub-standard result.
Personality: Different psychologists have given numerous tests and studies to try to find out the various personality types of individuals and try to group people in certain classes so that it can be easier to understand their actions. Personalities are complex gathering of different traits and attributes which make a person's guide for why they do certain things.
Personality types which can function without guidance and can take action independently work better in home business settings rather than people who need to be influenced or are intimated by others. An outgoing personality works better in a home business setting while otherwise people need to be bound by certain schedules or need to be forced to follow certain work timings.
Lifestyle: When you are running a business from home you are constantly being distracted by family and other domestic concerns. It is difficult to manage a business while you are being constantly distracted to fix certain things around the house or otherwise. Your lifestyle should change once your in your work hours or at your work station. If your lifestyle is to be involved in everything around you then you would find it very hard to get anything done either at home or at work.
To successfully run a franchise from home, there are certain questions which you must first ask yourself. The answers will provide you a better notion as to which kind of business establishment you should go into.
Am I self motivated? Leasing a franchise is a long term affair. On a daily and long term basis you will need to discipline and motivate yourself to work long hours to make this business a success.
Is there any reason for wanting to work outside my home other than monetary reasons? Working from home does not necessarily mean that you would be saving money. Good reasons for working from home can be greater work time flexibility to cater to family obligations (more predominant for single parents and mothers), any kind of physical disabilities which make venturing outside a daily nuisance, or any other personal reason.
Can I multi-task and am I multi-talented? If you can easily juggle handling multiple tasks at the same time and can work on various projects at the same time then it is most likely that you will be able to handle working from your home offices. Franchises often require you to take over a variety of tasks and you'd be required to single-handedly handle all the office functions from home. You need to keep that in mind when setting up your home business.
Can I comfortably work alone or do I need people around me? Usually it is difficult for younger people or people who are very social to work in an isolated atmosphere. They need company to keep them on the top of their game which is unavailable at home. For people with such personality traits a store business is more viable.
Do I have the necessary space and facilities to operate a business from my home? There are certain things which have become necessary for someone to launch a functioning business from their home. This includes having proper work furniture such as a desk and work station, a computer, a separate phone line to cater to the customers calls, a fax machine, a printer and answering machine as well. Having a credit card reader is useful too. You need to ensure that your office space is clearly separated from your home space as it is beneficial having separate areas for work and personal life.
Does my family support and acknowledge my home as an office? It is not good enough that your family supports the idea of a home-based business but they must be willing to respect and honor the commitment it takes to launch one. They must offer you solitude when you are working and should be willing to give you the peace required to work during the office hours you have decided for yourself. Privacy and bounds should be predetermined so that later on their aren't any conflicts with family over intrusion in either the home or personal time and space.
Running a business from home can be a rewarding option but priorities need to be established beforehand else it may lead to domestic and professional problems in the future. Possible franchise businesses to begin from your home include financial services, residential and commercial cleaning services, direct mail, computer classes and publishing businesses.