by Mike Faber

Choosing to work from home as an entrepreneur in the coaching and professional speaking business has been the single most freeing, and terrifying decision of my work career. At first, the “flight from cubicle” life seemed idyllic: I could wake up when I wanted to, pursue exactly what made me happy, and move from the office to home in a matter of seconds. No more battling traffic on the freeway at rush-hour! Reality started to hit as time passed, along with the first and third of every month. Instead of a comforting pay-stub in the mail, all I saw were bills. The cubicle seemed like a prison when I worked at my last company, now it beckoned like a siren’s call. I had to make a choice — get active and engaged in my new career, or start looking for another six-by-eight cube to call home.

By this time, early 2005 for me, I had far too much invested to go back to the cubes. Chances are you do too! A 2000 study* by the US Small Business Association reported that 46 percent of home-based businesses use personal funds for start-up capital! Read more »