Benefits of a Home Based Business

Aug. 25, 2013 - PRLog -- The benefits of a home based business are vast.
According to Forbes home based businesses are the fastest growing segment of start-up companies in the U.S.

With the economy beginning to recover many people are opting to start their own business for the benefits it provides. 

In addition many people are willing to take a chance of making it on their own rather than getting back into the rat race and facing an employment sector where job security has become a myth. 

7 Benefits of Home Based Business

Commute
Dress Code
Earning Potential
Flexible Hours
Less Risk
Overhead Cost
Tax Advantages

Commute: Gone are the days of the pleasurable morning commute.  The Millennial generation has sparked a change from the traditional 9 to 5 work week and looking for options such as, flex-time, 4-day work weeks, and telecommuting. 

Well, home based business moguls are able to work from home while saving on the rising cost of gas.

Dress Code: Most companies have dress codes that require workers to adhere to.  Working from home allows a person to dress how they choose without losing productivity. 

Home based business individuals can have teleconferences from home in their birthday suit or video conference meetings with a dress shirt on and pajama bottoms.

Earning Potential: How many times have you felt you were passed up for a promotion or not given a raise because of a bad performance review?  Working from home gives individuals the potential to proportionately make what they are worth. 

In other words the harder you work improves your chances of making more money (http://mogulmindset.myspecialwebsite.com/).  No need to ask for a raise or wait for the next promotion.  

Flexible Hours: If you are working in a normal business setting your hours of work would most likely be 9 to 5.  In a home based business your office hours are what you make them. 

Depending on your personality you can schedule your work to take place when you are most productive, whether that is in the morning, noon, or night.  This is turn allows you to plan your work around your family duties (for work at home moms or dads) and gives you better control of a work-life balance.   

Less Risk: There is inherent risk with any business opportunity, but home based businesses offer less risk than the traditional brick-n-mortar business or buying a franchise.  In addition, once your home based business is up and running your overhead cost are lower and the maintenance is easier.

Overhead Cost: In comparison to a traditional business overhead cost can be one of the major expenses in a building.  From paying rent, a lease or mortgage on a building to the utilities, these expenses can be a major drain on profits. 

In a home based business, overhead cost can be kept to a minimum and many of the expenses are tax deductible.

Tax Advantages: This can be one of the greatest benefits of having a home based business.  Business lunches, business travel, a home office, and a portion of your home utilities are all examples of tax-deductions. 

Consult a tax professional when filing your tax returns, but many of the expenses related to your home based business are legitimate deductions that can lower your tax burden and in turn allow you to keep more of the money you make.   

After reading the benefits, if you are looking for a home based business to start you can read my past post on self-employment ideas, and I will also focus on business start-up ideas and work from home companies later this week. 

But if you are ready to get started with a home based business and would like a suggestion for a great opportunity with growth potential, click here (http://www.empowernetwork.com/almostasecret.php?id=emanil...). 

Though I covered the benefits for creating a home based business there are negatives as well, but getting into any business opportunity has positives and negatives, ultimately you have to do what is right for you.

But beginning a home based business can be a chance for you to follow your passions and build an income producing vehicle that unleashes your creative abilities.

For further information on the business opportunity discussed above, click here (http://www.themogulmindset.com/great_opportunity/).    

Here’s to thinking like an entrepreneur and achieving your dreams

Jason Lockhart 

http://youtu.be/kj8X4Ws8RcE