November 12, 2007
Home based franchise: pitfalls and advantages
I've worked at home on and off for the past twenty years or so. I think I am as qualified as anyone to discuss the good and the bad of working at home. I especially can comment on a home based franchise as I have put together and sold a lot of them.
Here's what I love about working at home. I love the short commute. I love not having to get into my car and spend hours in traffic. I love the fact that I can weave work and play together into one fine life's tapestry.
Yesterday, Sunday, I had a good time with my family messing around at home. We went out to lunch. I got back and relaxed then worked about 3 or 4 hours. I got an amazing amount done because I had no interruptions. Then we had a wonderful dinner my wife cooked and we watched Curb Your Enthusiasm on television.
Today I started out already knowing what my day was going to be like. I woke up, and started to research my investments and answer emails. I was off to a wonderful start.
In a few minutes I'll go downstairs to my home gym and do a full body workout. I either workout with weights or I go running for an hour. Just about every day.
So it's a great way to live.
Now, I've also had some issues working from home.
Once I had 17 people working at my house. That was mayhem. I didn't feel like I had my own life. I remember waking up late at night, or early in the morning, maybe 4AM, and I looked through the window outside as I was taking a pee, and the light was on in the building out there and I had someone working. I didn't like that lack of separation.
I moved the business out of that house and into an office and ended up with 3 offices. Eventually, I got rid of that business and moved back home. I then had a business with 75 people out of an office. And now I am back home. I enjoy working at home. But I would never have employees working in my house after that first experience with 17 people. Not ever again. There has to be a separation between church and state.
I still believe that. Some days I don't touch the computer. When we take a vacation, I will sometimes go to a remote area where I will not have access to cellphones or the computer except perhaps an Internet cafe now and then. I don't believe in working all the time. But the big issue for me is regulating myself so I don't end up doing just that. I love my work and I sometimes have to just stop, put it down, and leave.
Now, I've trained hundreds of business owners who worked from their house, in various home based franchises or businesses. And some people have a problem working at home. They always let themselves get interrupted by the need to do errands and this or that. You have to learn to say "no" when someone asks you to do something non-work related. But that is discipline that if you don't have, you either develop or you don't put yourself in a work-at-home situation.
The thing about a franchise is that someone else has pioneered and they have given you a formula that presumably you have to follow. This can help you if you are at home because your work is more clear and less abstract. It's easier to do specific tasks someone else has mapped out for you. And this makes a home based franchise situation ideal for many folks.
If you are interested in what I'm doing now, you can check out lawsuitfinancialfranchise.com Talk to you soon!
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