Reasons #1 – Personal Freedom
The best part about working at home is that you have total control over your own work life. You have no boss, no rigid work schedules, no time clocks, no dress codes. Instead, you have the freedom to work and earn as you choose, in the comfort and convenience of your home.
Reason #2 – Financial Benefits
One other good thing about having your office just a few steps away from your bed (in some cases, just an arm’s length away) is that it allows you to save on gas, transportation expenses and commute time. You also cut down on clothing and food, since you don’t have to dress up for work and can simply cook something up at home.
Reason #3 – Tax Advantages
Using your home as a place of business offers a number of tax advantages. For one, it allows you to deduct a part of the operating and depreciation expenses on your home. This means that a percentage of your rent or mortgage payment, depreciation, property taxes, insurance, utilities, and expenses for household maintenance, repairs or improvements are deductible. You can also be entitled to deduct expenses from using a vehicle for your business, including gas, insurance, depreciation, among others.
Reason #4 – Reduce Stress
You can say goodbye to the stresses of juggling the demands of your work life with those of your personal life. If you are sick, for example, you can simply work from your bed. Or if you have errands to run during the day, you can work late at night instead. Also, there are no office politics.
Reason #5 – More “Me/Family Time”
Because you work at home, you get to work at your own pace. And because you don’t need to leave your home, you can spend more time with your family or friends, or even get time alone.
Reason #6 – Job Enrichment
Being home-based, you are not boxed into one job and given a label identifying you as a researcher, secretary, banker, manager or administrative assistant. In fact, you are all of that. While this might mean a bigger workload, you develop an understanding of all aspects of your own business, giving you a wide range of experience. It can also keep you from getting bored. More importantly, personal growth is greatly enhanced as you learn what you can (and cannot) do and your goals become much more achievable.
Reason #7 – Increased Productivity
With less time dedicated to waking up, getting dressed and commuting, there is more time available to work. More importantly, working on your own – where how much you earn depends on how much work you put in – increases the level of enthusiasm.
Reason #8 – Be Better
Working at home lowers operating costs, which can enable you to be more competitive, not just in the prices you charge but also in the quality of service you offer. If you save money, you can use it on rent to increase your overall profitability, or you can use it to buy more equipment you need. Companies who don’t share the luxuries of working at home are restricted by higher overhead costs: the bigger the company, the more salaries to distribute, the higher the rent, and so on. Moreover, a smaller business makes it easier to provide customers with personal service.
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