I assumed I had at last come across the Holy Grail when I left my position and began working out of my house. Perhaps I Didn't think it through. There are plenty of benefits when working in your house; but there are also some negatives as well.
One of the main benefits is the journey to work. At my prior work place, I was commuting an hour to my workplace and roughly an hour and a half back home every day. I went from purchasing gas weekly, to monthly. Saving tons of money was a huge advantage. Even more principal was the time that I acquired. Having about two extra hours during my day is great. It has have always been my belief that driving time is nonproductive time.
Another benefit of working out of a home office; is the dress code. Between years in the service and so many years of cubicle positions, I was accustomed to dressing up and being well groomed. Now, instead of a button up shirt and pants, I would wear sweats and ripped and torn up old shirts. As for shaving, that in the course of time became an once in a blue moon chore.
When you work out of a home office;, you can declare a lot of costs that as the employee of someone else, you would not be able to claim. Part of your housing expense can be claimed as a deduction, miles or auto expense, some meals, utilities and everything else that is used for the firm. Even if you own your own business; but maintain a separate office, you won't be allowed to claim all of them as deductions.
One of the negative aspects about working out of a home office; is the amount of work you do. Instead of working on a certain schedule, the work is always just a few feet away. Rather than of starting at a set time and going home at a practical hour, you wind up working all the time. I was so eager to keep the firm alive and to grow it, that I would work from the time I awoke, till the wee hours. Slaving through lunchtime and not going on time off is the norm. The work is there on Saturdays and Sundays as well. It is hard to just relax when you know that you could be doing something to be earning funds.
The most terrible aspect of working in your house; is that you might go berserk. If you have had work where you hated your co-workers, and think it would be nice to be able to be on your own, you might get more than what you had planned on. Slaving most of your waking hours, and only going out of the house to check the mail can wear you out in ways you might not have foreseen. My circle of friends went from a dozen people to none, and it is hard to make a romantic connection when you don't see anyone all week. It gets to the point where you look forward to any reason to leave the house. Any little errand is an justification to have some kind of human interaction.
When you start a company from scratch and are battling to get by, often working out of a spare bedroom is the only viable alternative. There are a lot of personality types. For quite a few, the solitude of work solo is the best possible scenario. For those who need human contact, working from home; is not a long term solution.