You
need not look farther than your kitchen, bedroom, den, living room, or garage
to find the foundation on which to build your business enterprise. Here are
seven reasons why it pays to work at home:
1. To gain personal freedom. The most enticing aspect of starting
a home-based business is the opportunity it provides to gain control over your
own life. As a home
business entrepreneur, you can shape your work life
depending on your goals and environment. There are no bosses to follow, no
corporate culture to abide by, and no rigid work schedules
nor time clocks. Instead, you have the freedom to work and earn as you choose,
in the comfort and convenience of your own homes. Of course, having all the
time and freedom to work as you please also has its drawback. Thus, a home
business entrepreneur needs to have good time management skills and discipline
to push yourself to work.
2. To reap financial benefits. The financial benefits of working at
home are equally attractive. The convenience of having your office a few steps
away from your bed allows you to save on commute time, gasoline and
transportation expenses. There is also little need to buy power suits and dress
up every workday as you can work in your jogging outfit or pajama. Since you
work at home, you save on rental payments and overhead costs are cut
significantly; allowing you to plough all your capital and profits back into
the business. Your earning potential is directly proportional to your
performance: no more waiting for your boss to give you your raise or promotion
before you can increase your income. More importantly, however, a home business
allows people who have been frequently shut out of the job market--homemakers,
students, retirees, and the disabled, to name a few-to to create new income
opportunities.
3. To exploit tax advantages. Using your home as a place of
business offers a number of tax advantages. For starters, it allows you to
deduct a part of the operating and depreciation expenses on your home. This
means that a percentage of your rent or mortgage payment, depreciation,
property taxes, insurance, utilities, and expenses for household maintenance,
repairs, or improvements is deductible. You can also be entitled to deduct
expenses from using a vehicle for your business, including gas, insurance,
depreciation, and others. Consult your accountant for a careful evaluation of
what can be and what cannot be deducted from using your home office.
4. To be with the family. Many opt to start their business from their
homes to strengthen family relationships. A home business allows family members
to be involved in the business. Husbands or wives can help in various aspects
of the business, while children have the opportunity to see what their parents
do for a living. Parents, most especially, can both work and earn, while taking
care of their children; although daycare arrangements or babysitter may be
needed to help you concentrate on the work at hand.
5. To reduce stress. Working at home can reduce the stress of
juggling the demands of your work life with those of your private life. You can
work while staying at home to care for a sick child, or continue to work late
at night after preparing and sharing dinner with the family. Since you work
alone, there is no office politics and deadlines imposed by your boss. You only
need to follow the deadlines and schedules you have set for yourself.
6. For job enrichment. As a home-based entrepreneur,
you are not boxed into one job and given a label identifying you as a
researcher, secretary, banker, manager, or administrative assistant. You are
free to learn and perform a variety of work-related tasks. If you are a solo
entrepreneur, then you even have to be ready of being all things for your
business: the strategy setter, marketing and sales person, customer service
representative, accountant and bookkeeper, and other roles. You can vary your
activities to keep you from getting bored. While it means greater workload, the
plus point is that you develop an understanding of all aspects of your own
business. More importantly, personal growth is greatly enhanced as you learn
what you can (and cannot do) and your goals become much more achievable.
7. To increase productivity. Many home-based entrepreneurs find
that working at home helps them to be more productive. With lesser time
dedicated to commuting, there is more time available to work. More importantly,
working for your own business - wherein the amount of financial compensation
depends on your productivity and business management - increases the level of
enthusiasm. Many get so caught up in what they're doing that it's actually hard
for them to stop.
8. To harness competitive advantages. One of the biggest
benefits of working out of your home is the reduced overhead cost. Lower
operating costs can enable you to be more competitive, not just in the prices
you charge but also in the quality of service you offer. You can use the money
you save on rent to increase your overall profitability, or you can pass it on
to customers in the form of lower prices. Competitors restricted by higher
overhead costs have no such options. What they charge is predetermined by their
rental agreements. The higher the rent, the higher their prices. Moreover, a
smaller business makes it easier to provide customers with personal service.
Given these benefits and more, the trend
toward home-based businesses is clearly just beginning. As more people
recognize the opportunities of working from their homes, coupled by the need to
be independent and the drive to succeed, others will soon join this growing
movement.
Click here to learn about our unique work at home opportunity
Click here to learn about our unique work at home opportunity
Article above by: Lyve Alexis Pleshette is a writer for Power HomeBiz Guides. http://www.powerhomebiz.com/vol18/whywork.htm
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