If you dream of skipping the seemingly endless commute to work every day, and you also wish you did not have to put up with your boss who would be lost without you, then you might have what it takes to become self employed. Consider the ultimate perk of being at home with your family during the times they are available, such as after school and at meal time, while using big chunks of time for your work when all have flown the nest during the day to go to school. If all this sounds appealing, then you simply owe it to yourself to look into the possibility of self employment.

While there are different ways to go about achieving your goal, the road to self employment may be less traveled but it is nonetheless enticing. Yet before you bid your boss farewell, make sure you have what it takes to turn a dream into a profitable reality.

First and foremost, you must remember that you will no longer be able to look to a second party to hand you a guaranteed check every other week. Will your business permit you to continue supplying you with funds so that you will be able to live in the style to which you are accustomed? If you are heavily bogged down with credit cards bills, mortgage and car payments, and if your children attend private school, you will need to make sure you have enough money in savings to support yourself for at least year, so that you can give yourself ample time to pursue your dream while keeping up with your obligations.

Secondly, remember that you are setting yourself up as a business. As such, you are not only the provider of the service or products, but you yourself are the figurehead, spokesperson, and image of the very business upon which you are embarking. Thus, if an issue of liability arises, the customer or client will look to you for help and if needed compensation.

This gets especially tricky if you decide to become a self-employed representative for a supplement company. While these supplements may be perfectly safe in and of themselves, in conjunction with other products they may actually be somewhat harmful, and you will need to ascertain where your liability beings and ends in case something goes wrong.

Legal threats of that nature may be overcome by incorporating your business, yet in the case of medical claims you may not be able to financially survive an adverse judgment in the favor of a client or customer. For anyone desiring self-employment it is a good idea to invest a bit of money in one or two hours of a small business lawyers time to find out exactly where you stand. This step may save you a lot of money and grief in the long run.

To this end, there are usually two avenues available to anyone ready to give it a go: self employment and telecommuting. While both of these options will allow you to stay at home in pursuit of profit, they each have their pitfalls, and before you decide to embark on either one of them, make sure that you weight the pros and cons!

For example, while so many late night commercials are filled with smiling mothers who are seeing their little ones off to school only to return home at a leisurely pace to sell a product for an international company. Quite often this product is a nutritional supplement for weight loss, beauty, or overall health. What the commercials fail to mention is the fact that some of these supplements are dangerous to people with certain ailments, and the fear of not making a sale will quite often put blinders on anyone trying to make a living while earning only straight commissions.

If you are a self-employed representative for such a supplement company, the odds are good that in case of a problem a customer will come looking to you as well as the company for compensation. Unless you have taken proper legal steps to protect your home and assets, you may end up losing everything you have worked so hard to achieve!

While this may make you now consider telecommuting, keep in mind that this field has its pitfalls as well. For example, while your boss in the office will appreciate your hard work and dedication when she or he sees you burning the midnight oil to get a project finished, she or he will most likely not have a lot of appreciation for you when you do the same thing at home. Conversely, if you do manage to achieve the almost impossible deadlines while telecommuting, the odds are good that you will be facing tighter and tighter deadlines.

Since you are most likely not an hourly employee, this means that you may end up working 20 hours in one day, and still only get paid what you normally would. As you can see, it does not add up to profit. To this end, sit down and find out exactly what it will take to make your work at home dream a profitable reality. Do not too quickly lunge at an opportunity that at second glance is little more than an anchor weighing you down.

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