Pro's & Con's of Starting A Home Business

Should I start a business. This is the million dollar question for many mums.

I was originally going to write two seperate blogs, one on 'reasons not to start a home business' and the other on 'reasons to start a home business. However I have combined them into one blog.

Reasons Not to Start A Business

Reasons To Start A Business

You should not   start your own business if your think you will have freedom. This is an   illussion, you owning your own business can be a 24/7 thing. You will   probably work harder and longer than you have with any employed job.   Increased   stress and worry because you are all departments in your business. With means   you are responsible for organising everything, running everything and solving   any problems.   You   dislike paperwork, customer service, confrontation or organising. These are  also an important part of having your own business. If you are not able to do this part of your business are you able to employ some one else to do it? You have poor time management, are   disorganised. You   want to start your own business because you want to do your passion. Will it   still be your passion after doing it for 12 hours a day, seven days a week? You   think you will make a lot of money. It is possible, but usually in the start   you will work more hours than you are paid for. About 50% of business fail in   the first year and many business operate at a loss for the first few years. You   are pregnant and wanting to find a way to stay home and not return to   work.  Having a baby you is busy and   stressful enough as it is. You   have a baby and/or young children under school age and have no one to babysit   them and not able to put them in day care. If this is the case, it most probably   will be hard to get much done, especially if you have more than 1 under   school age.

You   like the idea of being your own boss and making all the decisions. You   like a challenge, achievement and can handle worry and stress well. Setting up and running can be a challenge, it can be stressful at times. However you feel a sense of acomplishment with every little idea and every little step you take. You   are able to multi-task and have a wide range of skills. If you are lacking  skills in certain areas then you are willing to do some training to improve   them. You   have researched your business idea, written a business plan and also  understand what is involved in setting up and running a business. You   are organised, have good time management and don’t mind doing paperwork. You  want to start your own business because you will be able to something you   enjoy and have the motivation and dedication, to work hard and make it happen. You   like the idea of making money and are willing to put a lot of time and effort  to build your business up to be succesful. You   are pregnant and willing to start a home business, even though you know you   will be busy with the baby. You are willing to focus on your business when   the baby sleeps, late at night, are able to put the baby/children in daycare,  have very supportive friends or family who   have offered to babysit on a regular basis so you can get some work done. You   also accept the possibility of building your business up much more slowly   that you would have if you did not have a baby or young children.

There are many pro's and con's for starting a business, but like many people a few things in each column will probaly relate to your situation.  I'm sure there is also many other reasons why you should start or should not start a business. At the end of the day, the answer lies with you. My blog next week is about understanding the subtle signals with in your body that are pointing you in the direction of the right decision.