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For the freelancer, independent
contractor, or consultant, the major benefits are a
higher salary and the freedom to set his or her own hours.
This type of work can provide experience in a new profession
without making an employee commitment.
TO DO FREELANCING FROM YOUR HOME
• Health insurance for yourself and family
• Contracts for deals between you and other businesses
• A brochure describing your abilities (you can do this on your own
computer)
• A good calendar to keep track of your appointments
Advantages for the Home Professional
There are advantages for the professional who is considering starting a
home business. It is a way to work in the profession without being tied to a
boss or corporation. For some people it is an inexpensive way to begin a
career; for others it can be beginning steps into retirement. The sense of
being successful on your own independent terms is extremely positive.
Disadvantages for the Home Professional
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A professional has certain legal requirements that must be met, no matter how
large or small the business. For example, many professionals are required to
take classes annually to keep their skills current. For a person who is working
from his or her home without a partner or other employees, this means that
the office is closed for the duration of this education. In addition, while this
continuing education may be only a small percentage of the expenses of a large
corporation, an individual working from his or her home may find that continuing
education can wipe out a large portion of the profit.
Another disadvantage may be inadvertently putting your home and family
in danger, if you have clients coming to your home office. However, a
home-based business owner can keep both home and family safe while successfully
managing a business by taking active steps to keep the business
separate from your home and family. The level of separation depends on
your business and your potential clients. Figure 2.2 addresses security issues
that you should consider when starting your business