Home based business start-ups are on the rise and continuing to increase according to the U.S. Bureau of Labor Statistics. There are many reasons for this upward trend including the rate of unemployment in the U.S. and Canada as well as the current overall state of the economy worldwide. There are over 18.3 million home based businesses in the United States and in excess of $427 billion is generated each year by home-based businesses according to statistics published by Entrepreneur Magazine.
Aside from the high unemployment rate and the current economic situation why have people begun to rely on their own initiative and want to work from the comfort of their own home? There are many advantages to owning and operating your own enterprise from home and here are 5 that really appealed to me:
1. Many parents want to spend more quality time with their children and they see the opportunity for this goal being realized by working from home. By being your own boss you can structure your work schedule around your kid’s hours. For example, you can be there when they get up in the morning, when they’re not feeling well and have to take a day off and when they get home from school. This work at home situation could be the solution to the so called latch key kids syndrome which has been blamed for some of the problems faced by today’s youth. Just by being there when you’re needed is a big plus for everyone concerned.
2. If you live in Canada or the northeastern United States you will certainly appreciate the fact that you don’t have to venture out every morning during our sometimes bitterly cold winters to get to your job. Instead you can pour another cup of coffee and take it to your home office and begin your day at work. You can even do this in your pajamas if you feel like it.
3. By owning your own home venture you can literally make as much money as you want depending, of course, on your level of effort and the number of hours you work. Your salary isn’t set by some company who knows you only by your employee number and you don’t have to approach your boss, with hat in hand, almost begging for a raise on a regular basis. You are your own boss and no one will be able to dictate how much you can and cannot make from your job.
4. Today’s technology allows you to pick and choose which work at home opportunity you would like to develop as your own and you aren’t limited to only one income stream. The Internet has changed the way business is done worldwide and the opportunities online are almost endless for new entrepreneurs. You can begin by concentrating on one venture and when you have your initial start-up where you want it to be financially you can then begin another enterprise or create an additional income stream from home.
5. Owning your own business and being your own boss brings with it a certain amount of respect and admiration from your friends and other family members. People admire others who are able to make their own way in the world by not having to depend on other people or entities for an income by working forty hours a week each and every week until you either retire or die.
Owning a successful home business provides you the independence to set your own hours and schedule your own vacations for as long as you want and when you want. The perks are unbelievable and they provide the only incentive you need to drive you to accomplish your goals.
Owning and operating your own home based business online has many pluses, however to take advantage of this situation and to become all you want to be you must maintain your focus and be dedicated at all times to achieving your goals.