Let’s take a look at some of the benefits of starting a home-based business. Statistics have shown that a home-based business is started ever 12 – 15 seconds in this country. Many people dream of one day being their own boss, making their own hours, and one day running a successful business. Below are five (5) advantages or benefits of a home-based benefits.
You Are The Boss
More than likely the most glaring benefit of starting a home-based business is the ability to work for yourself and not punch someone else’s time clock. Being able to make your own rules and work when you want to work for as long as you want to work is advantage number one. A lot of people dream of one day leaving their current job to be in business for themselves. A home-based business is for sure the way to go.
Home-Based Businesses Are Here To Stay
Home-based business surveys have shown that nearly seventy (70) percent of all home-based businesses have success within the first three (3) years of startup when compared to starting a traditional brick and mortar business which results in a nearly thirty (30) percent success rate. There is approximately 38 million home-based businesses in the US and roughly about twenty (20) percent of those businesses make anywhere from $100,000 to $500,000 annually. The keys to success are being able to continuously find customers for the products and/or services you’re offering. If you are able to do that, then you should be able to achieve sustained success over the long haul.
Inexpensive Startup Costs
There is a myth out there that starting a home-based business will cost you a great deal of startup cash. This is not really the case. Often times, a home-based business can be off and running for less than a few thousand dollars. In some cases, you can even start a home-based business for free. Now of course, if you do have startup cash, then you are ahead of the game. Anytime you can have a safeguard against expenses, you increase your chances of being successful.
This does not mean it will not cost you anything to keep your business afloat. Any business cannot survive without some kind of financial maintenance. But the differences in startup capital needed for a home-based business when compared to a traditional business can be a large gap and you can certainly achieve just as much success with running a business from the comfort of your home.
More Free Time With Family
Let’s face it, a home-based business provides you the luxury of spending more valuable time with family and friends. Since you have the ability to work when you want, this means you have the flexibility and freedom to spend more time with your family doing the things you love doing. If you are one of the lucky ones to run an online home-based business, you can even work a few hours at a time while on vacation.
Operating a business from your home provides the benefits of taking the kids to and from school without being in an office all day while the kids are in day care. You can have more time to attend the sporting events kids are in to, and will have more time to watch the school play’s and not have to worry about asking your boss for time off to attend.
Turn Your Creative Passions Into A Lucrative Business
Are you creative? Do you have a special talent or skill that family and friends says you can get paid for? Well starting a home-based business using those talents could be just what the doctor ordered. You are the creative director and sales manager of your business. So you have the ability to give birth to a business as you see fit and execute the vision of that business using your creativity. If you are passionate about something, why not turn that passion into a money making business? The difference with using your creative skills for a business you own and using those same skills at your daily job is with your business, you get to keep 100% of the profits of your ideas instead of someone else profiting from your creativity.
So there you have it. Five benefits of owning and running your very own home-based business. If you have some ideas for a business, why not start it from the comfort of your home, and as your profits increase, so can your business. A great deal of people will start a business from home on the side while still working their day job in order to continue earning an income until their business becomes profitable enough to quit.
If you have already started a home-based business or are looking to start one, leave a comment below on whether this information was helpful.