So, here you are trying your way to get out of the traffic because you are bound to be late for work again. And when you get down to start your work, you will realize that it is time again to pack your things up and start heading for home. That is another traffic you have to get through again.

Looks like a pretty wearisome routine? Think again.

No wonder why more and more people are enticed to try working from home. They only not save more money from commuting and driving but they are able to work better because they are not too tired to get things done.

So, if you have been contemplating on whether you would go and try working at home or not, then it?s better to check some of the pros and cons first so as to help you decide whether you would go for it or not:

Pros

1. Convenience

This is the very edge of most work-from-home arrangements. You don?t have to wake up early every single day just to beat the bus or get through a heavy traffic.

2. Encourages safety.

There had been reports wherein most accidents involve people who are in a hurry to get to work. There are thousand of incidents where people get hurt or harshly hurt just because they want to get to work at once so as not to be late. All of these things get down on one main point: they are all in a hurry to get to work.

Whereas, if you work from home, chances are you will not be experiencing these dangerous incidents lurking around. You don?t have to be in a hurry to beat the traffic. You don?t have to press the accelerator faster just to get into the meeting earlier. All you have to do is to sit back, relax and contemplate on how you will start your work today right in the comfort of your home.

3. Gives more time for your family.

In many instances, people who work in the office will have little time for their family. This is because they will be spending almost half of their time commuting back and fort, from their house to office and vice-versa.

Whereas, if they work from home, half of the time spent in commuting will be dedicated more to the family, keeping the bond alive and the love overflowing.

Cons

1. It?s not an eight-to-five job.

This means that since you work from home, the timeframe is not strictly set unlike what you have on a regular job.

Moreover, your client sometimes gets to think that you are available 24 hours a day because it is so easy to get in touch with you. All they have to do is to call you or get you online. What?s worse, they won?t even think twice in calling you at midnight just because there?s some work that need to be hurriedly done.

2. There?s no definite distinction.

This because your home is your office and your office is your home. In this manner, it is really difficult to set a clear distinction on getting into an office mode and eventually switching to home mode if needed.

Most often than not, you get to work most of the time when you work from home because there are no time frame to follow, no buzzers to beat, and no deadlines to meet.

3. It?s even harder to set discipline at home.

This is because you can clearly see that your home office is just beside your bed, your computer near your night table, and your phone just a few inches from you.

If people find it so hard to wake up in the morning just to get to work, it is doubly harder when working from home. People who works from home always tend to think that they can do it a little later since there wouldn?t be no boss checking out if you are late. Continue reading →

With the globalization processes going on in the world economy it is clear that the world itself is getting smaller every year. And as much benefits this brings, there are as many downfalls posing risks to any business working internationally. Local riots, wars, social instability in other regions can directly affect your business. In order to protect your enterprise from such risks you can employ political risk insurance.

Political risk insurance (PRI) is a type of business insurance that covers the loss due to political or social instability within the country. This type of insurance coverage is also a tool for attracting foreign investments, providing proof of the enterprise’s stability. Even small businesses may be required to purchase such insurance when working with many international partners.

Let’s take an example. A small business works as an importer in the US and wants to set up a shipping facility to reduce its costs of import. But the enterprise has problems with setting up the facility, not because of credit unavailability or poor financing, but because the area is often subjected to social riots or political disputes that impede normal functioning. And due to that many foreign companies are not willing to work with businesses from that area.

In such a case, a PRI coverage would be very beneficial for the project. In case of any loss or damage to the property or goods due to political or social riots the cost will be paid for, and this will initially encourage the presence of foreign partners, assuring financial stability of their operations. From this point of view PRI is not only a form of business insurance but also a risk management tool for foreign investment projects. Continue reading →