There’s a lot of talk in the media about how the concept of telecommuting and home based business is changing the field of small business. Today, small businesses may be the corner store, a well-known franchise, a network marketing program housed in someone’s living room. A small home based business has the potential to completely transform your life, creating a freedom that is rarely found in any other type of business model.
Many people don’t realize that working outside the home encompasses a range of hassles and expenses that may take some time to unravel before the full cost can be seen. On the surface, the costs of working for someone else may not seem like much, but when added up, they make up a substantial amount of money.
The cost of buying career clothing, dry cleaning, and office accessories are just a few of the costs that add up over the course of months and years. There are also the substantial costs of childcare and transportation. Whether you’re driving to work each day or taking public transportation, either can be extremely expensive. It’s not unusual to spend thousands of dollars a year simply on transportation costs for commuting to and from work. Working at home eliminates these expenses, leaving more money in your pocket for the things you want and need.
In addition, childcare costs have been the subject of national debate for many years. The costs of high-quality childcare are soaring. For many people, those costs are simply more than their family can afford. And many people spend much of their job related income on child care costs alone.
A home business is a great a way to cut all of those costs, which can save the typical family thousands, or even tens of thousands of dollars a year. That money stays in the family, providing for their needs and making it possible to plan for the future, not to mention being able to spend more time with children and family.
Having fewer expenses makes your own income more profitable. Your money from a home business works for you more than money from a job outside the home because less of it has to be spent on simply maintaining that job. The income you have to make to sustain your lifestyle can be less, but will still go further because you keep more of it.
In a nutshell, many households may be earning less net income working for someone else in a typical job rather than having their own home based business.
Along with the positive financial aspects of running a home business, there are also many personal benefits. Working for a boss year after year can be demoralizing. The prospect of working without a boss is an exciting one for that reason.
A home business owner must be self reliant, and does not need a boss standing nearby giving orders. Deciding exactly how the business will be run will be up to the home business owner. This gives many entrepreneurs the kind of confidence they’ve craved throughout their lives.
With no boss needed, your life is your own. There’s no time clock. There’s no scheduled lunch break. There’s no one to tell you how much you can earn. All of which help make a
home business more rewarding in the long run.
Your life and future are then entirely up to you. Take a serious look at how a home business can help you save more money and make more money.