The Pros and Cons of Home-Based Businesses

Advantages and Disadvantages

If you’re just starting your business (especially if it’s Internet-based), working from home might be the most convenient choice. Advantages of home-based businesses can include:

  • No commute time
  • Minimal startup costs
  • Tax benefits
  • Better work-life balance

However, there can be some disadvantages as well, such as:

  • If you’re not used to working from home, it can be hard to establish the right balance and focus on the business
  • Depending on the type of business, there may be additional license, insurance, and/or zoning considerations
  • Quick growth can mean you’re suddenly looking for office space