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Can You Afford to Work At Home? - Part
2
The Great Compromise
One of the best ways to start a work at home venture is to do it while simultaneously maintaining your regular
employment. Whether you want to call it side jobbing, moonlighting, or just plain working your butt off after you
clock out, many great home businesses started that way.
There is a downside to maintaining a job while starting a work at home business. It's tough to find enough time in
the day to get both jobs done. It also forces one to grow their new business more slowly than they might
prefer.
Still, if the choice is between jeopardizing your family's overall well being and working a little harder for
awhile, the compromise approach may be a good one.
Don't Overestimate Yourself
That little title you just read runs right across the grain of what hundreds of other work at home experts and
salespeople will tell you. They want you to know that you can make it. That you will reach your goals. That with
determination and a positive attitude, you can do anything.
All of that is probably true. However, most people stumble a little bit when they start out. Optimistic early
projects are often not met. Things may start slowly. More often than not, those new to working at home overestimate
their short term earnings and underestimate their expenses when making the decision to leave a regular job. That
causes untold stress, disappointment and debt.
Err on the side of the worst case scenario when you do your planning. If you believe you can quickly make two
thousand dollars in your first month, take a deep breath and pencil in a grand. Assume the worst when making your
decision even though you may know in your heart that the best is on its way.
Money In The Bank
Some people will tell you not to go into business for yourself until you have the equivalent of a year's salary set
aside off of which to live. Others will say six months. Some of the more daring will say three. Many of those who
are selling scams and preying off of disappointments inherent in the standard workforce will tell you not to worry
about it at all.
Use your own best judgment. Make good, conservative predictions regarding your ability to earn in the short run and
be ready and able to cover any shortfalls that may occur. There is no magic number of months you need to save up,
but having something in reserves does improve the chance of work at home success a great deal.
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