Most of us dream of working from home because of its truly gratifying advantages – the flexibility of schedule and control of personal working environment. But taking the leap and engaging full time in a home-based business is a crucial decision to make. Here are some of the things you should ponder upon to see if a home-based business will suit you.1. Do you have the resources to start a business at home? Do you have the capital to start the business? Will you be handling the business yourself or partner with a relative or colleague? Will you be involving you family members in handling the business?2. Can your business compete with other home-based businesses? Identify if the demand for your product or service is sufficient enough to keep the business. Securing stability of your business guarantees you a steady income.3. If not starting your own business but still working at home, is your income satisfactory enough to equal the employee fringe benefits plus the basic pay received from traditional work? Several online jobs are now available but employers of such work do not give fringe benefits. If you will be working for such employer, make sure that the income you receive is fair enough for you not to receive extra benefits.4. How will you manage your time? Creating balance between family, personal, and work life may be really challenging. Do you have the discipline to focus on work and resist temptations of being in you own home? If you keep on sneaking a peak on the TV, hitting the fridge, or taking a nap than focusing on your to-do list, then working from home may not be for you.Working home-based has its rewarding and exciting benefits but it also carries great risks. Careful planning, discipline, and determination are necessary for success. If you can live where you work and work where you live, then a home-based business may fit you.