The Benefits of Starting a Home Business
Millions of people want to start a home based business every single day
. They do so for various reasons. Everyone has different reasons. Here are the six common reasons why people want to start a home based business.1. Financial independence
2. Time Freedom
3. High Income Potential
4. Family Time
5. Location Flexibility
6. Tax Benefits
You can have a lot of financial Freedom because you are not relying on a paycheck from your boss to pay for your bills. You are probably aware that the nation currently has a high unemployment rate. Experts predict that it will probably take years to recover the millions of jobs that were lost during the recession. If you still have a job, there is no guarantee that you will have that job next month or two months from now. Employers are always firing old employees and replacing them with younger employees who have no problem with lower pay. So if you are over 50 and have a huge paycheck, your job is probably more at risk.
By starting a home based business, you dont have to worry about getting fired because you are your own boss and you have control over your financial situation.
By being your own boss you also have time freedom and flexibility. You dont have to get up early to get to work when your boss says you need to. You can go to bed late and sleep in and go to work on your terms. You can also leave to pick up the kids from school or go to the doctor or dentist without seeking permission from your employer. You can go on vacation when you want for as long as you want. You never have to worry about not having enough sick days. A home based business will give you all these time benefits.
You also have an unlimited income potential. It is up to you how much time you want to dedicate to your business. You will make way more money than you will ever make working for someone else. People in the network marketing industry are making five even six figures on a monthly basis.
A home based business is ideal for people who want more family time including working mothers. Since the 1980s the number of households with two incomes has been increasing. This has caused a lot of issues with families. No wonder why divorce rates are very high. Working moms drop their children off at daycare and dont see them for the rest of the day. They spend all day at work and when they come home, they are burned and stressed out from work and still have to take care of the kids and the house. Working moms who work from home have a better quality of life and are happier with their marriage. Their children do better throughout life as well.
With a home based business, you can live anywhere you desire. You dont have to worry about being relocated thousands of miles away from friends and family so that your company can save money. Children who dont have to move from place to place throughout their childhood have a better quality of life than children who move periodically from location to location and from school to school.
You can also benefit from many tax advantages working from home. All of your ordinary and necessary business expenses are tax deductible. These are expenses that you need to incur to keep your business up and running. You can also deduct a portion of your home as your home office.
The Benefits of Starting a Home Business
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