For most people, working remotely or starting a business from home sounds like a dream. It has become a regular part of life for many of us. However, location independence at work is not right for everyone.
Whether you are a self-employed entrepreneur, contract worker, or full-time employee, there are pros and cons. In recent years, most dream of independence and working remotely. We share some benefits and disadvantages to help you make the decision that is right for you.
Roam the Globe
Everyone’s favorite pro to location independence is that you have the freedom and flexibility to move about and roam the globe while working. You can travel the world working anywhere with just a computer and a Wi-Fi connection. You can be an entrepreneur who manages their business from beautiful beaches. An online business can be run from anywhere, whether you are creating courses, selling products, or doing a live video stream for your audience. Or, you can simply work at home and never have to deal with long hours of commuting and the stresses of the office. Learn more about turning your expertise into a location independent business and join our online biz tribe!
Advantage #2 Cost Effectiveness
One of the most cost-effective way of working is having location independence. As a business owner, you do not have to invest in a workspace, pay utility bills, or expensive office equipment maintenance. With strong Wi-Fi, your home is your office. If you are a paid full-time employee for someone else, you can still save money on work travel expenses. Or better, you can also relocate to another country with a favorable exchange rate where your pay goes further. Yes, it is possible!
Work/Life Balance Control
Location independence creates a lifestyle that lends itself well to a great work-life balance because you are not physically tied to your work. If you choose to work at home, you have the chance to spend more time with family, rather than spending that extra 2 hours on the road to and from work. You will certainly have more time to enjoy the things you love as well as more time for self-care. The bonus is if you or your spouse needs to move, you can just pick up and go without having to leave your job.
Discipline is Required
The most telling disadvantage with working with location independence is your ability to be disciplined. Working on your own requires enormous self-discipline and focus. You no longer have your employer or coworkers physically present to help you stay on track. You run the risk of blowing off work, which is especially difficult if you are living by the beach or in the beautiful mountains somewhere. There will be a whole new world of potential and alluring distractions. In addition, as a business owner that strives on continuing to grow, unless you have a strong team in place, you will be the one planning any long-term strategies for growth.
Avoiding Work Creep
Although working remotely enhances your work-life balance, it can also create other challenges such as work creep. Some find it difficult to separate their business and professional lives, especially when they work with location independence. Avoiding spending too much on work can lead to a massive neglect to your personal life. It can be difficult to walk away from work when the workday ends because it is right in your home. As a newbie remote worker, you will need to create some boundaries and strategies to maintain a healthy balance. If possible, try having your work area in a room, behind a closed door. This will make it easier for you to turn off work and be present for your family at the end of the day. If possible, remove your work email from your mobile device. Our culture has made it the norm to constantly check email and respond immediately. If you want to learn more about how to create your work from anywhere business, check out the information below.
Technology is fantastic in that is allows us to easily live and work anywhere, but it can also present some challenges. If you are working in an office, your employer provides internet and equipment for you. However, if you are work location independent, you will need to provide your own hardware (in some cases), accessories, backups, phone line, and internet connection. As a business owner these expenses are expected and make great write-offs, but the responsibility is still yours.
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How does location independence sound to you? Even if you feel it is the right thing to do, keep in mind the above disadvantages and develop some strategies to combat them. Working location independent presents its own challenges, but many who do it find that the advantages outweigh the disadvantages in creating a true work-life balance.