Are you ready to become your own boss? Ask yourself these 7 questions to find out if the work-at-home lifestyle will work for you:
Can you work independently and rely on your own skills to set out goals and accomplish things? If you are good at managing your own time and can stay productive when you have to create your own work structure and schedule, you will be more likely to be successful in running your own business.
This is the perfect option for new generation folks to try out in such grave times as Covid-19 has virtually confined people to the four walls of their house but working from home has become a comfortable experience that people don’t want to get out of but regarding business, the Evergreen Wealth Formula is surely worth considering for aspiring businessmen.
Working for yourself will allow you to choose your own assignments, rather than performing the same tasks over and over again. It will also bring constant exposure to new projects, work environments, and business contacts.
- Are you interested in gaining new skills?
You’ll be able to expand your skills on a regular basis by choosing assignments that challenge you. In fact, you will likely have to keep on learning new skills in order to stay competitive and attract new customers or clients.
- Do you want a better balance between your work and your life?
Since you’ll control the hours you work, it will be easier for you to reserve time for your family, hobbies, volunteer work, and other personal interests. You can work when you want (or need) to work.
- Do you like the office environment, or are you tired of office politics?
Working at home will allow you to focus on your work without preoccupying yourself with climbing the corporate ladder in another company. Working for yourself will allow you to build your career on your own terms.
- Can working at home support your financial needs?
Will you be able to make a living running your own business? You’ll need to determine the minimum amount you’ll need to make every month to live on and break that down into an hourly rate based on how much you anticipate working. If you only want to do it on a part-time basis, divide your monthly income needs by 80 (20 hours a week for four weeks) to see how much you’ll need to be earning per hour to make your venture viable.
- Can you afford to start your own business?
Do you have money saved up that will allow you to absorb any losses you might experience when you are first starting out your business? Take a look at your current expenses and see which ones you can cut down on. Then assess if you can afford to buy the things you need to get started. Remember that you may already have most of the necessary items, such as a computer, internet access, an email account, and a telephone.