Personally, I don't like labels. School is school, but in order to differentiate where children receive their "formal education" we often refer to "public school," "private school," and/or "homeschool." There may be more, but for this discussion, I guess those three will suffice.
For those who want to homeschool, I say go for it...but don't expect it to be easy. Know the educational requirements of children in your state. Check out testing procedures and requirements, and find out what your child will have to know to be considered eligible for high school graduation and procuring that all-important diploma. As the child grows and matures, his needs change, both educationally and socially. Be sure you can continue to meet that challenge over time, too.
CONS OF HOMESCHOOLING:
Cons of Homeschooling #1: The time it takes to homeschool
Homeschooling vs public schooling may be a good idea but do you have the time? The time it takes to homeschool a child is tremendous. If you already have a busy schedule, homeschooling may send you over the edge.
Cons of Homeschooling #2: Unrealistic expectation of results of homeschooling
When deciding to homeschool a child, parents often expect the results to be as high as their level of sacrifice. In another words, they want proofs that homeschooling works and they want immediate success soon. They want to prove that the arguments against homeschooling were either wrong or worth the sacrifices.
Cons of Homeschooling #3: Limits on family's connection with other families
One of the arguments against home schooling is the homeschooling family's limited role in the community and connection with other families. Homeschooling families have less chances to get to know other families and share faith, resources, and social activities.
Cons of Homeschooling #4: Cost of homeschooling
Another one of arguments against homeschooling for parents is the cost of homeschooling. Homeschooling is not always cheaper than the cost of attending a public school. Sometimes, homeschoooling can be more expensive.
Cons of Homeschooling #5: Limit of homeschool teacher
One of the arguments against homeschooling is the limit of the teaching ability of the parents or the homeschool teacher hired to homeschool the child. Sometimes, the child is brilliant at a particular subject that may be the parents' weakness or one of the subject that the homeschool teacher lack expertise on. This can severely limit the child's developing abilities.
Cons of Homeschooling #6: Lack of recognition
Recognitions have been proven to help with motivations. Homeschool children are less likely to get recognition from people other than parents or a small group of supporting family members. School students, on the other hand, often get praised by the local papers or by other classmates. This boosts the awarded child's motivation.
Cons of Homeschooling #7: Lack of competition
Some children thrive under pressure. With homeschooling, there are no other kids to compete with which is one of the main arguments against homeschooling.
Cons of Homeschooling #8: Lack of accountability
Lack of accountability is also one of the arguments against homeschooling. Lack of accountability usually leads to lack of discipline. Accountability and discipline will greatly benefit the child when he or she grows up.
Cons of Homeschooling #9: No sports involvement
Sports are very important part of the public and private school curriculum. This is a major argument against homeschooling. Without attending a public school, where can a homeschool excel in sports? What if the homeschooler is born to be a professional football player? Where can he or she realize his or her potential being a homeschooler?
All of the above cons of homeschooling and arguments against homeschooling are important consideration when deciding whether to homeschool your child. Find our as much as possible on home school resources in order to make informed decisions.
HOMESCHOOLING: YOUR RESOURCE GUIDE
Lots more info at that link.
HOMESCHOOLING: WHY IT'S NOT RIGHT FOR US
HOMESCHOOLING: 10 THINGS TO CONSIDER
Some good links at that site, too.