5 Billionaires Who Started Working From Home | Forbes
The need for a traditional workday – and workplace – is in the past. These billionaires started their venture at their homes and in their dorms.
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Working from home is becoming more and more popular with those looking to earn a decent wage without having to disrupt their lives too much, but it is not as easy as you think. The ability to work from home is a dream for many, but now that dream can become a reality. The internet and a home computer has enabled people who would never have dreamt of working from home to fulfil their dream. Working from home is increasingly becoming part of a balanced working schedule for many traditionally office-based workers, along with people who are setting up their own businesses. At one time you needed to buy or rent premises to set up your own business and carry stock but time are changing. You must remember though working from home is a business and a proper job, and should be treated as such or you will fail.
If you set up your own business from home it doesn’t always mean more money than working for someone else, but it can indeed provide freedom from the commute, flexibility as generally if you have a laptop and internet connection you can work anywhere in the world, an ability to choose the projects and type of work performed, and to set working hours that fit the needs of the family. In order to be successful in your venture you must choose something you enjoy.
Working from home gives you such a sense of freedom., but it also requires you to be self-motivated. How easy would it be to always say “I will do that later” with no boss pushing you.
The ability to work from your own home can bring about a great business opportunity as well as improve your lifestyle and during the past two years there has been a 65 percent increase in the incidence of working from home according to a study by The Dieringer Research Group.
Some of the reasons why it might have become so popular is that it allows you to witness firsts for example the first steps your child takes, spend more time with your family, and be where you need to be.
It also costs less than working outside the home. In both terms of finance and time. No longer do you need to set the alarm clock 3 hrs before work starts because of the commute. Or miss putting the kids to bed because traffic was bad.
But don’t be mistaken working from home requires a lot of hard work and yes, a certain kind of person. You need to be self motivated and driven to achieving your goal. I know myself that I frequently don’t put my laptop down until the early hours in the morning as I know I want to quit my fulltime job and just work from home. At the moment I combine both,, until my income from my home business outweighs my income from my full time job. Its not as far fetched a dream as you might first think, but it requires a medium to long term plan of action that will ultimately free you from the shackles of working for someone else. Working from home encourages diverse forms of enterprise and entrepreneurism.
Set your work hours and communicate accordingly to family members and friends. To make full time pay, people who work from home need to work full time hours, especially when just getting started working from home. Just because your working hours are not rigid when you are working from home they need not be so flexible that you loose the distinction between work and home life. Your family is the most important thing to you and working from home allows you to be at home with your family all hours of the day. One of the perks with working from home is you can work whatever hours you want. Having a separate office in your house that you rarely go into after hours gives some home/work separation. Various tax incentives allow you to offset part of the costs of running your business against profits, and being home-based means you can fit work around your other responsibilities, work the hours that suit you best, and so on. The more hours you put in, the more money you will make.
Family and friends may not realize it but working from home requires more dedication to the work than working at an actual place of employment, and it’s very easy to be taken advantage of, asked to run errands etc, and to hear that death phrase, “Well, since you don’t really work…”.
People who work from home tend to be more productive, relaxed and less stressed out which also has implications for quality of life and health.
Working from home is still seen as a perk by many and in some quarters is regarded as being just a short step up from having the day off. Working from home is not for everyone, if you get lonely easily, are easily distracted, or are a huge procrastinator- go to the office. A lot of the “business opportunities” floating around on the Internet are just plain scams. The only requirements are access to a computer with an active connection to the internet.
Telecommuting is easier than ever because of the penetration of high-speed Internet access and the movement of work to the Web, where employees can collaborate whether their desk is in the next cubicle or the next country. With broadband internet, mobile phones, PDA’s, web based training, conference calling, email, voicemail, etc why not work from home. As with all things Internet, beware of scams.