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10 Best Reasons to Have a Home-Based Business
What's the big hullabaloo about having a home-based business? Why would anyone want to put all the risk on their own shoulders, work harder than they ever had to for someone else and seemingly fly by the seat of their pants, not knowing what the future holds?
Well, for some, it's the only way to live and what looks like a really bad choice to some, is highly appealing to others.
For those of you who dream of having your own home business, this will make total sense. For those of you who don't, that's okay too. Just understand that to some people these are the most basic needs in their life.
1. Freedom. You choose who you work with, your environment, your hours of work, duties performed, how you'll do them and what you believe you're worth.
2. Financial control. You decide what you earn. You decide what you spend. You might use your vehicle less and save on fuel and insurance. There may no longer be a need for day care, tailor-made suits, dry cleaning, or costly lunches.
You control your advancement and no longer have to worry about being passed over for promotions, down-sized, sitting on picket lines, or being laid off.
3. Tax benefits. When you work a j-o-b, you pay tax on your entire earnings. When you run your own home-based business you pay tax on the difference between what you make and what you spend. You get to deduct a percentage of home expenses and possibly vehicle expenses before paying taxes. The benefits are enormous and this is where you want to seek the input of a good accountant.
4. Leverage. By taking advantage of either network marketing or creating multiple streams of income for your business, you can benefit by using technology and the efforts of others. Instead of sentencing yourself to life at a j-o-b for 30-40 years, you choose to do five to seven years of hard labor and enjoy the rest of your life living off your efforts.
5. Increased productivity. Without bosses bogging you down with bureaucratic paperwork, unproductive meetings and time-wasting tasks, you get more done in four hours than you used to in ten. The sensation of real progress is palpable and drives you forward faster.
6. Personal growth. Your confidence and decision-making skills grow with each new experience. You surround yourself with like-minded people who inspire and encourage you to play a bigger game and step outside of the status quo. When you're on your death bed, you happily say, "I followed the beat of my own drum and it was worth every minute."
7. Love what you do. Be on purpose. You'll never meet someone who does what she loves complaining about it. She radiates joy, enthusiasm and excitement about what lay ahead. When you love what you do, you jump out of the bed in the morning, wanting to hit the floor running. Time stands still because it ceases to exist when you're doing what you love. You look at the clock and wonder where the day went.
8. Reduced stress. Increased happiness. You have full control over how you conduct business and when you're doing what you love, surrounded by people who inspire and support you, bad stress falls by the wayside. No more headaches, doctor's visits or anti-anxiety medication.
9. Time with family and pets. No more guilt around not being a good mom, dad or care-taker for your parents because you're there for them when they need you. And where else can you work with your pet by your side, at your feet, or on the windowsill watching you?
10. No more commuting. No more scraping snow off the windshield in 30-below weather, being cut-off by stressed out drivers, stuck in rush hour traffic, or paying parking fees only to find your parking spot taken.
Having a home business is an attractive option for many people, especially those who value freedom, creativity and growth. It might be perfect as a full-time commitment or part-time venture. Either way, its rewards far outweigh any disadvantage.
If you're already a home business owner, Congratulations! If you're thinking about it, jump right in. The water's fine and it's the best place in the world to be.
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Start a Home Based Business: 5 Reasons you should
You may want to start a home based business and you need to decide whether or not you should operate your business from a home office or if your small business will require a more traditional office setting. Below you will see 5 reasons to operate your business from home if your specific business allows for home-based operations.
Start-Up Costs:
When evaluating your home based business or small business’ start-up expenses you will find that starting a small business and operating your business from home will usually have fewer start-up expenses. When starting a traditional office-based business you may have start-up expenses associated with 1st and last month rent, security deposits, establishing utilities, furnishing the office with desks, computers, ECT. By operating your small business from home you may be able to significantly reduce these costs or eliminate them altogether.
Hours of Operation:
While many traditional offices hours are restricted to 9 to 5, Monday to Friday, home-based businesses can be open 24 hours a day 7 days a week. With an online business designed to process payment and outsource orders to a warehouse or distributor, people from around the world can purchase your products or services on your small business website while you are working, when you’re not working, while you are sleeping, even when you are sick or on vacation.
Customer Base:
Many brick and mortar business’ customers are restricted to locals or people willing to travel to the business’s location. When you operate a home-based business, especially an online business, it allows you to have a customer base worldwide.
Start Slow:
One great benefit of starting a small business from home is the fact that you don’t have to jump in with both feet right away. You can start slow by operating your business in your spare time, while remaining employed with your current employer. You should be sure that operating your small business does not violate any non competing clauses that you may have signed with your current employer. You can speak to your employer or legal council before starting a business to determine if starting your new home-based business will violate a non competing clause that you have signed.
Resources:
It today’s environment of information at the click of a button, there is vast amount of home-based small business resources easily accessible to business owners. Much of this information is available for free or at minimal cost online. You can find tutorials, forums, blogs, courses, eBooks, and other forms of information to help your small home-based business start and grow to become successful. One great place to start is BizCentralUSA.com, with its vast business resources and frequent free webinars.
With all of the benefits of starting a small business and operating it from home, unless your small business industry is unsuitable for home based business operations, you should definitely take operating from home into consideration when deciding to start a small business. As your business grows and you accounting and marketing complications mount, you can hire a staff, with a web/IT specialist, marketing specialist, book keeper, HR manager and graphics/advertising dept, or look into much less expensive solutions like those at BizCentralUSA, which enable you to stay home and do what you do best as inexpensively as possible.
Even if you decide to operate your small business from a traditional office I would still recommend that you check out the services of a company like BizCentralUSA. Additionally they can help you build and develop a small home based business website and web presence where you can take orders and process payments so that your small business is not restricted to local customers and your hours of operation.