Home Based Business Categories







Advantages and Disadvantages of a Home Based Business

There are several advantages and disadvantages of a home based business. If you're considering or are in the process of starting a home based business, expect a lot of work. Expect a lot of pressure. Expect a lot of questions. Prepare yourself for the ride of a lifetime.

Following are the advantages and disadvantages of a home based business:

Advantages of a Home Based Business

  • Flexible hours, allowing you to work when it's most convenient for your to work.


  • Increased productivity because you have more focused time, with fewer interruptions and wasted meetings.


  • Reduction in business overhead costs.


  • Additional tax deductions.


  • Reduced transportation costs and commuting time.


  • Minimized involvement with office politics.


  • Savings on wardrobe.


  • Disadvantages of a Home Based Business
  • Requires strong time-management skills and additional discipline to get going.


  • Long hours, especially when you start.


  • Isolation. No one to share ideas with around the water cooler.


  • You never leave your business.


  • Family life may be disrupted.


  • Work space may be limited.


  • Difficult to maintain social interactions. You must consciously create networks.


  • Others may not consider you a professional because you have a home based business. They may also make constant demands and interruptions to your work schedule.

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