Healthy Wealthy

There are a lot of advantages to having a home-based business, so I’ll start with the disadvantages first. One, if you have a lot of distractions at home, it can sometimes be difficult to stay focused on your work. Easily fixed if you have a home office space with a door you can close. Another disadvantage is that some folks just are not self-disciplined enough to be their own boss, or on the other hand, may have a hard time balancing work with home life A lot of folks who work from home (either for someone else, or for themselves), have trouble with putting in too many hours. The only other disadvantage that comes to mind is that you may sometimes feel isolated, especially if you do most of your business online. Easily fixed by planning activities outside your home (church/community/friends) on a regular basis.

Now the advantages: BIG tax deductions for having home office, and for business expenses. Much less wear and tear on your car, and much less spent on gas! No more wasted time commuting! More time wtih family. Casual dress attire always! Much less stress. Friendly work environment. Totally flexible work schedule. No boss! Having a home-based business also makes it much more affordable to start your own business with much less overhead because you are already paying for the rent/utilities to live there. Last, if you are a parent, you can spend much less on daycare if you have your child(ren) at home with you, even for part of the time they would normally be at daycare.
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This is based on my own personal experience working at home as a sub-contractor, telecommuting for my current employer, and also as a home-based business owner myself. In my experience, the advantages FAR outweigh the disadvantages.