As the job market gets more unstable, many people are venturing into setting up their online home based business and for good reasons. There is lots of money to be made online with numerous opportunities. If you have a computer and Internet connection then you are already on your way. With some hard work, ambition and patience you can create your own successful home business. The U.S Bureau of Labor Statistics shows that 4.12 million entrepreneurs are working at home, most of which are in the service industry. If you sick of working at your current 9-5 job you should consider working from home.
Let’s look at the benefits:
1)YOU GAIN PERSONAL FREEDOM.
The most enticing part of own your own home-based business is the opportunity it provides to gain control over your life. Having your own home-based business lets you shape your work life depending on your goals. You have no boss to tell you what to do and no strict work schedules. Having all the time and freedom to work as you please can have one draw back, time management. Like all businesses it is important to have good time management skills as well as discipline, without someone always over your shoulder you have to remind yourself to work. It helps to set task for each day, once you get into a routine things get easier.
Using your home as a place of work presents a number of tax advantages. It allows you to deduct a part of the operating and depreciation expenses on your home. This means that you can write off a percentage of your mortgage payment, property taxes, insurance, utilities and expenses for household maintenance including improvements. You also get to write off, internet, business dinner, gas and car insurance. Consult your accountant for a full list of write offs available in your area.
3) FINANCIAL BENEFITS.
Working at home allows you to save on commute time, gas and transportation expenses. working at home gives you the convenience of having your office steps away from bed. You get to save money on work attire because you get to wear what you what. Your earning potential is directly relative to your performance, in other words, you decide how much money you can make.
Starting your own business allows you to spend more time with your family and friends. Because you set your work hours you NEVER have to miss those all important school plays, weddings, or parties. A home-based business also allows for family members to be included, young or old. It is a great opportunity for stay at home moms and dads, being able to be with your kids and work is great.
As a home-based business entrepreneur you are not restricted to one area of work. Your title can be broad ranging from the strategy setter, marketing and sales person, customer service representative, accountant, bookkeeper, and other roles. It may seem like a lot of work but the plus is that you understand all aspects of your home-based business.
Another reason why many people are starting an online home based business is because it’s something new to learn. Many people don’t feel challenged enough in there line of work. Starting something new- from scratch-is very rewarding and very fulfilling. With all the benefits of operating your own business, it’s not surprising that the industry is surging through the wires.