These are the factors you need to consider as you struggle to get back to work, stay home with your kids, or learn how to make a hybrid where you can go to work from home earning extra money or more than enough money to quit your day job, pay your bills and spend time with your children.
As mothers grapple with the anxiety of having to leave their young child at daycare or with someone else, they are also plagued by guilt. The question every mother should ask herself is “do I really need to go back to work or can I find a work-at-home opportunity that generates enough income to replace my job?”
Working from home is not “magic”, it is possible because everyone knows someone or someone who has discovered the “magic” behind online businesses that allows them to work wherever they want. The problem is trying to remove all the junk, as scammers have filled the internet with bogus internet business opportunities or get-rich-quick schemes.
You can have a successful home based online business if you do your homework and build a knowledge-based business instead of trying to buy any kind of instant millionaire kit. Some people have honestly come across a business that generates real income in just a couple of months. It all depends on the type of business you start, the product or service, and whether you have an established potential customer base or list.
To properly determine which back-to-work or work-from-home scenario is right for you, you need to assess your life and the contributing factors. Do you have the time and money to spend starting and running your own business? Do you have the money for start-up and maintenance costs? Do you want to stay home with your children or do you just need to get out of the house? Is your family behind your decision to return to work or work from home? How are your finances? How much does the daycare and gas cost to get there? Will your paycheck go back to work? How would your children do in daycare vs. stay home with you?
Life isn’t all about money, it’s true, but if you can’t make ends meet, then you need to make some quick changes. Sit down with a piece of paper and a calculator and see only financially what works and what doesn’t. How much would you earn going to work for someone else? Take into account the costs of going there, your meals, childcare costs, gas to get there, and so on. Next, you need to write down how much it would cost to start your own online business. How much money do you have to work with and (very important) how long can you survive before your internet business has to make sales? Compare the two.
Now you need to consider the human element of what is the cost of your kids going to daycare vs. stay home with you? Would they learn more from you? Would they be happier with you at home or at daycare? What situation would make you happier? Then you need to factor in the opportunity cost of any decision you make, as once you make your choice, you are giving up any other opportunities that you could take advantage of with your precious time and money.
Many people have found that when you take into account the financial and human elements they need to earn money, their family life would be better if they could stay at home. That’s where working at home business wins a huge favor. They are a hybrid, a wonderful compromise between having a job or just staying home. Even if you don’t have children, the ability to earn as much as you currently do at a job or more, but remain in the comfort of your home is your personal piece of heaven.
