What is a Home-Based Business?
A home business is a small business that operates from the business owner’s home. Home businesses usually have few employees, maybe owner and family members. Running a business from home has gained popularity in recent years. When running a home business many things can be used as tax deductions such as: internet, business phone lines, utilities, travel, food and much more. Home businesses are great choices for people that want to live off grid, want to travel, spend more time with family or just want more control of their lives. When you own a home business you can make as much or as little money as you want, depending on what you put into it.
Benefits of a Home-Based Business
Spend your day doing what you want, not stuck in traffic. Work the hour and day you want. Turn your hobby into a business you love. Be your own boss, no work schedules, no dress code, spend more time with family and take days off whenever you want.
keep all the money you make
The best part is the harder you work the more money you make, and you get to keep all of it. Your income potential is directly liked to your own performance. Save money on things like food, gas, clothes and transportation.
With high unemployment, starting your own home based business give you the opportunity to create your own work opportunities.
Running a home based business has less risk than freestanding business’s or buying a franchise.
Take advantages of tax breaks and deductions. These deductions can include: a percentage of your mortgage, insurance, property taxes, utilities, food, travel and household maintenance.
More time for friends and family
Spend more time with family and friends. Get your kids ready for school then get them off the bus. Could you do that at a regular job?Work around your family’s needs.
Running a home business can be alot less stressful then a normal 9-5 job, bosses, strict hours, little time off and no time with the ones you love.
Opportunities for professional growth
Being your own boss gives you the chance to grow your business in any direction you choose. It also, give you new skills and experince to grow upon.
Have the time and energy to be more productive and grow your business.
A creative outlet
Being your own boss allows you to be as creative as you desire. It allows you to try new things and take new chances in life.
Types of Home-Based Business’s