Are You Ready To Work Full Time From Home?
by: Suzanne Morrison
It’s now almost two years since I started dabbling on the internet, trying to make money online. At that time it was a bit of an experiment, kind of like a hobby - something that I did partly for the enjoyment and partly in the hope that I would make enough money to leave my day job.
Now, 20 months later my hobby has turned in to a business and it is generating enough income from for me to happily go part time at work.
Should I decide to do this I’ll be taking the huge step from working on my business in my spare time to earn some extra money, to working half the week for myself. I will then be depending on the money from my own business to pay my mortgage and bills.
If I manage to achieve the same success working from home during the day as I have over the last year working a few hours here and there in my spare time I’ll be well on my way to becoming a full time home business entrepreneur.
I know this sounds fantastic, but what if something goes wrong? If I eventually work full time for myself I’ll be giving up a regular full time salary, not to mention company pension, sick pay and bonuses. For this reason I decided to ask myself a few questions. I’ve put together a list of 5 questions that you need to ask yourself before you leave your day job
1. Do you have a financial cushion? Before you give up your full time or part time job, make sure you have some money in the bank in case something goes wrong. Preferably you should make sure that you have no credit card debts or loans and have at least 3 months salary in the bank just to allow you to get back on your feet if the worst happens.
2. Are you making enough money? Sounds obvious, but remember to add up your current outgoings to see if your online income will cover everything. Remember to take into account tax payments and allow for the fact that you’ll no longer receive paid holidays, health insurance, sick pay and a company pension. If you have a big purchase coming up in the near future, such as a new house, you may want to postpone your full time online career until you’ve secured your mortgage.
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Are You Ready To Work Full Time From Home?
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