Why You Should Start a Home Based Business Now | Rick Staehler

These are very scary times we live in.? When a company such as Hostess, who has been in business for 82 years, goes out of business, it is serious.? It?s not unusual to learn that another friend or neighbor has lost their job.? This?doesn?t?make us feel warm and fuzzy particularly with the cost of living and gas prices rising.

Frankly, millions of American?s are fed up with the uncertainty of working for a company and are taking matters into their own hands by starting their own business.

That is why a ?home based business? phenomenon is taking place in America right now.

The Rise of the Homepreneur

Recently BusinessWeek published an article on ?The Rise of the Homepreneur? which discusses the results of the report ?Homepreneurs: A Vital Economic Force? by the Emergent Research, a small research and consulting shop in Lafayette, Calif. ?The report is interesting, here are some highlights?

• Home businesses employ over 13 million people.
• Nearly 6.6 million home businesses generate at least 50% of the owner?s household income
• 35% of home businesses generate $125,000+ in revenue; 8% more than $500,000.

The report points out the following three trends why more people are becoming homepreneurs:

• The lower costs and risks associated with starting a home-based business
• Demographic and social shifts
• A lack of corporate jobs

The full report can be read here?.?Homepreneurs: A Vital Economic Force?.

The obvious reason for the growth is the large tax write offs and advantages of owning a home-based business. Here are a few reasons millions of American?s are becoming Homepreneurs.

• Can start as a part-time business
• More flexible lifestyle and more integrated with the family
• Lower start-up and operating costs
• Cost-savings on child/adult care
• No commuting
• Flexible work hours
• Satisfaction of being own boss
• Increased tax benefits and write-offs
• Outlet for creative/unique talents
• Employment of family members by the business

If you are considering having a home based business for an additional stream of income so all of your ?eggs are not in one basket?, I hope this information helps you. For me personally I am enjoying the tax advantages and the opportunity to make more money in a month than what I would make working for a regular corporation.

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Source: http://rickstaehler.com/networking/why-you-should-start-a-home-based-business-now/

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