January 24, 2013


A home based business can be almost anything you want it to be. One of its great advantages is the flexibility of working hours and the choice of business available in everyday terms; a home based business means working for yourself, using your home as a workplace. It may be that you are working at home all day or are merely using your own telephone or internet to take your business calls or use website to promote to your business. While your work is carried out at your customer’s homes or premises.


Suitable:

There are so many different types of business to choose from that you should be able to find something appropriate to your skills and interest. A home based business will also be extremely flexible. Enabling you to work the hours you want. You can, therefore, fit in running your business with a full or part time job, caring for children or other dependent relatives and pursuing your hobbies. Thus a home-based business can be fulfilling complement to other element of your life.

You do, however, need to be determined flexible, hardworking and not want to be a millionaire, although this is a remote possibility! Working from home is not a soft option but it can be rewarding.

Advantage:

The main reasons people are attracted to running a business from home are that they will be working for themselves and people are using their innovative and constructive ideas to make money from their own home. Another attraction is working the hours they choose, so a home-based business can be run to fit in with other commitments.

There are also two financial advantages to working from home. Overheads (rent, heat, and light and so forth) are usually lower than for a business operating from commercial premises. This will improve your business’s chances of being competitive and profitable. In addition, there is comparatively low start-up cost for many such home based businesses.

Disadvantage:

Working for you is nearly always arduous. You need to be motivated and disciplined and there is, generally, no one to tale over if you are ill. As well as productive work and getting sales, you will find that there is a lot of administrative work to be done: invoicing, filing, accounting, dealing with government agencies such as the Inland Revenue, customs and excise and the DSS, will all be your responsibility. In addition, at least a small part of your home will have to be given over to the business and work will never seem far away. As with any business, there is the risk of failure.

Which business should I choose?

Choose a business that you like, find interesting and for which you have a necessary skills and aptitude. Be realistic. Do not be a cosmetic represented if you dislike perfume and are nervous about meeting people.

Once you have chosen a business or have a shortlist of options, you will need to do some research to establish whether the business is viable and financially suitable. It is not a good idea to resign your fulltime job only to discover, too late, that your home based business can only provide you with part time earning. 

9 comments:

  1. Home base business are increasing but let me repeat you have to be motivated willing to take risk learn to take risk if you have those qualities then you are on your way learn more http://jamtechnews.blogspot.com/2013/01/make-money-ways-to.html

    ReplyDelete
  2. Maintain posting articles such as this one. think about me as one of your followers now.
    satsanga.tv

    ReplyDelete
  3. Your Post is marvelous’! You’ve done a grand job with making this clear. I concur with a lot of the stuff in this article. You are a surely a perfect writer.home based business

    ReplyDelete
  4. I am impressed by your lovely post which i were really looking for.you possess lots of understanding on this subject.work from home

    ReplyDelete
  5. Hi there! great stuff here, I'm glad that I drop by your page and found this very interesting. Thanks for sharing about starting a home based business, hoping to read something like this in the future!
    Women are starting more businesses than ever before, and for good reason: Ladies, it has never been so easy to launch your own small business...and it's the best way to work from home! The new economy is best suited for women who are ready to claim their success. Starting a home-based business provides a way to:
    Be independent
    Take advantage of technology at a low cost
    Earn an income without leasing an office
    Start a new career and life!
    So if you're looking for a guide to the best work from home business, Ali Brown can help. She started her career from home 11 years ago in a small apartment in New York, and now her business has earned her millions. Today she wants to show you how to find the best work at home careers and thrive in the business you choose.

    ReplyDelete
  6. In particular, the opportunity to be your own boss presents many lifestyle benefits such as more time and flexibility to improve work life balance, while high income potentials and significant tax advantages can help to improve financial freedom and stability. work from home

    ReplyDelete
    Replies
    1. Making use of your spare time to run your own home based business is a wise thing to do. Other than acquiring a home based business insurance, creativity will keep the business secured. =)

      Delete
  7. Securing your assets through credible means is also an important thing to consider in starting your home based business.

    ReplyDelete
  8. Work-at-home jobs are really booming nowadays. It gives you opportunity to earn extra while working at the comforts of your own home. You might wanna start out by doing a simple research and encoding task. A very easy task indeed.

    Home-Based Business Opportunities

    ReplyDelete

Thank You For Visiting GoogmaSansar.

Subscribe to RSS Feed Follow me on Twitter!