Making money from home, own business, telecommuting

If you want to work from home, you may want to consider several options.

1. Work as an employee from home

This is everyone’s dream

Advantages:

– we don’t waste time going to work

It can be at least 20 minutes in one direction, so you can win a minimum of 40 minutes a day with it. Most of us do not live in a place where we just jump over to our workplace (roughly this is 20 minutes), 40-50 minutes travel time to work is completely average in Budapest. This is approx. 1.5 hours downtime if you need to travel, or useful time if you can work from home.

– you can take care of your things during the day…

Don’t imagine that while you are ironing, someone is paying your wages for that time, you won’t find much of such an employer. If e.g. if you work in front of a computer, you can take a few breaks between work, you can do some small things, you turn on the washing machine, you can spread out in two hours, etc. By implication, these should not be at the expense of work done at home that is meant to be boring. There are applications that record telecommuting tasks from time to time (screen saver, telecommuting system activity) and of course the quality of the work done speaks for itself. So if the big plan is to go telecommuting, waking up at nine in the morning and then relaxing in your pajamas afterwards, I’ll talk you out of work from home.

– working hours are relatively flexible

If you do something that requires a real absence, you can easily take those few hours, take care of your office, or whatever. The lost working time is replaced by a short way, e.g. if you dropped out in the morning due to an office administration, you’ve already skipped the evening filming or the Saturday family outing, because four hours of work can be replaced by exactly four hours of work.

– equipment requirements for work from home

In most cases, this is usually provided by the employer. Within reasonable limits, you can also use the received devices for private purposes (eg laptops).

Disadvantages:

– you can easily grab it in front of the computer,

and you notice that you practically sat in front of a screen from eight in the morning to 10 in the evening.

– The workplace can easily be confused with the home.

Most apartments are not sized to have a half-room space like an office. If you work in your living room, you can easily find yourself transforming your life from an 8-hour job to an 16-hour job instead of an 8-hour rest, which you leave just for sleep.

– If you just have an empty office space,

then notice that you have invested in maintaining an office and not your employer. Do you get an office rent for this room? Probably not. A half room is 8 sqm, an average 60 sqm apartment around Budapest is HUF 35 million, ie HUF 580,000 / sqm. If your apartment is one half room larger than what you previously needed, or you vacate a half room for work purposes, it is as if you have invested 8 sqm * 580,000 HUF / sqm, ie approx. HUF 4,600,000 to stop working from home.

The monthly interest on this amount, calculated with the MÁP + interest, is HUF 19,000 per month, completely without tax. On the other hand, the employer saves on setting up and maintaining the office. It would be ethical to share this savings with you.

– the office overhead is practically paid for by you.

Today, there are initiatives for the employer to get in to reimburse the overhead costs of an employee working in the home office, but not many people deal with this. What arises is the power consumption of office equipment, and daytime heating that would not occur to you in a classic workplace office environment. In a fair employer-employee relationship, the employer also incurs these overheads on a flat-rate basis.

– isolation from staff.

In a well-functioning home-office, principals monitor the progress of employees in an assigned task, but employees mostly communicate with each other only on business matters. Everyday encounters, problem discussions and small conversations of a personal nature are left behind in the usual office environment. Sooner or later, your personal network will be damaged. This will be really detrimental when you want to change jobs for your own decision or perhaps for external encouragement. A narrowed network of contacts is not beneficial in this regard.

 

How do you get such work?

Large portals (jobmonitor.hu, profession.hu) already provide an opportunity to list jobs that can be done from home. Be aware that as a new entrant, you will not be able to start working from home right away, especially not every working day of the week. If you’re doing a skilled job, you’re almost certain that getting to know the company will initially make you work in an office, and you’ll only be able to work in a home office after you integrate.

During this period, depending on the company’s HO policy, all variations are conceivable, the two extreme values ​​are half a day office (assignment of tasks, discussion of problems, meetings), 4.5 days from HO, companies preferring office operation still always kept there to max 1 day a week home-office possible.

 

2. Working as an entrepreneur

A well-paying, home-based entrepreneurial activity is most likely to come into play if you set it up for yourself. You need some special knowledge: some field of informatics, business consulting, web store operation, whatever.

If you don’t have that special knowledge, sit down, think about what you want to deal with. You may not have to think about the “real” entrepreneurial role that employs more people. Rather, go through what the activities are

(a) may be carried out from home

b) Most companies still outsource this work (accounting, tax consulting, IT and web work, graphic work, etc.).

Think of yourself as a freelancer or a self-employed person.

Most of what is described at the employee point also applies here, but there are some important differences:

– you have to find the job (marketing)
– the revenue is billed and received (or delayed in payment)
– you take care of the appropriate form of operation (EV., Bt., Kft.) and the fulfillment of your legal tax payment obligation.

For these reasons, I suggest that if you have the opportunity, try yourself as a second-time sole proprietor. If your business model is good, you should account for at least double the revenue as an entrepreneur.

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