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Permanent Link: http://ufdc.ufl.edu/IR00002522/00001
 Material Information
Title: Is It For Me
Physical Description: Fact Sheet
Creator: Torres, Nayda I
Publisher: University of Florida Cooperative Extension Service, Institute of Food and Agriculture Sciences, EDIS
Place of Publication: Gainesville, Fla.
Publication Date: 1991
 Notes
Acquisition: Collected for University of Florida's Institutional Repository by the UFIR Self-Submittal tool. Submitted by Melanie Mercer.
Publication Status: Published
General Note: "Publication date: November 1991."
General Note: "HE 7107"
 Record Information
Source Institution: University of Florida Institutional Repository
Holding Location: University of Florida
Rights Management: All rights reserved by the submitter.
System ID: IR00002522:00001


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FactSheetHE7107 TheInstituteofFoodandAgriculturalSciencesisanequalopportunity/affirmativeactionemployerauthorizedtoprovideresearch,educational informationandotherservicesonlytoindividualsandinstitutionsthatfunctionwithoutregardtorace,color,sex,age,handicap,ornational origin.Forinformationonobtainingotherextensionpublications,contactyourcountyCooperativeExtensionServiceoffice. FloridaCooperativeExtensionService/InstituteofFoodandAgriculturalSciences/UniversityofFlorida/JohnT.Woeste,DeanIsItForMe1 AdaptedbyNaydaI.TorresandGlennD.Israel2ADVANTAGESANDDISADVANTAGESTheadvantagesanddisadvantagesofowningand operatingabusinessathomearenumerous.Thislist hasbeencompiledfromtheexperiencesofthosewho ownahomebusiness.Itislimited,soaddthoseyou considerimportantforyourspecificbusiness.Advantages Careforchildrenoradultfamilymembersdone whileearningaliving Savecostofdaycare Setownworkhours Savetimecommuting Saveontransportationcost Saveonclothingcost Structurefamilyactivitiesintoworkschedule Keepoverheadlow BeyourownbossDisadvantages Homenolongerrefugefrom9to5activities Noopportunitytoescapefromworkortheit stresscauses Physicalworkconditionsmaybelimited(size, quietness,comfort,privacy,socialcontact,clerical andsecretarialsupport) Nofeedbackonmethods,amountandqualityof workexpected Familymembersmayexpectmorewhenhomeall day Goodworkenvironmentmightbecreatedatthe expenseofvaluedfamilyactivities Informalsocialcontacts Lackoffringebenefits Limitedcontactwithotherbusinessesand professionals Donothaveabusinessaddress Tendtounderchargeforitemsproducedathome orundervalueservicesrendered 1.ThisdocumentisFactSheetHE7107,aseriesoftheHomeEconomicsDepartment,FloridaCooperativeExtensionService,InstituteofFood andAgriculturalSciences,UniversityofFlorida.Publicationdate:November1991. 2.NaydaI.Torres,AssociateProfessorandFamilyandConsumerEconomicsSpecialist,andGlennD.Israel,AssociateProfessorandProgram andEvaluationSpecialist,CooperativeExtensionService,InstituteofFoodandAgriculturalSciences,UniversityofFlorida,GainesvilleFL 32611.

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IsItForMe Page2APERSONALINVENTORYWhydoyouwanttogointobusiness?Areyou thetypeofpersonwhocanstartabusinessandmake itgo?Doyouwanttoownandoperateabusiness badlyenoughtoworklonghourswithouteven knowinghowmuchmoneyyouwillmake? Understandfullywhyyouwanttoownabusiness beforestartingone.Knowwhatgratificationand satisfactionyouwanttoreceivefromthisventureas wellastheprofityouwillmake.Ifyouareplanning toenterapartnership,besureyouhavethesame goalsasyourprospectivepartner. Ifyouanswer``yes''tomostofthequestionsin Table1 youhavemanycharacteristicsnecessaryfora personowningabusiness: Table1. Baker'sDozentoBusinessOwnership YES NO 1.Areyouwillingtotakefinancial risk? 2.Canyoumakequickbutconfident decisions? 3.Canyoulivewithyourdecisions? 4.Doyouhavepatience, perseverance? 5.Areyouwillingtoworklonghard hours? 6.Areyouwillingtochangeyour prioritiesorevenyourlifestyleif necessary? 7.Wouldyouhavesupportfromyour family? 8.Areyouabletoworkwithothers? 9.Canyoubepleasant,firmand knowledgeablewithcustomers, clients,suppliers,sales representativesandgovernment agencies? 10.Areyouwillingtoseekandheed theadviceofothers? 11.Areyouanoriginalthinker? 12.Doyoulookforabetterwaytodo things? 13.Canyouorganizeyourtime,work, financesandyourlife? SOURCESGibbs,JanettA.andWilliamA.Thomas. Home BasedBusiness.CooperativeExtensionService, UniversityofGeorgia.