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Why Home business ..

THE ADVANTAGES OF A HOME BUSINESS.

Low Overheads

The first major advantage of a home business is low overheads. If you were to set up a business in a major shopping centre, one of your major expenses would be rental. However, with a home business, this expense is eliminated which can have a major impact on the viability of a new business venture.

Furthermore, if you use your home phone for your business, there is no additional expense here as well . You are already paying the rent for your phone . The only extra expense would be if you decided you needed to install a separate phone set for your business. Also, many homes have equipment that can be used in a home business, especially if you are establishing a new business around one of your hobbies . Example Stiching courses , Jewellery and gems consulting etc.

If you own a home computer or typewriter, you can use it in your business without incurring additional expense during the setup phase. So with low overheads, it means that you need less money to get your business up and running which is a major advantage for you.

Extra Time

How many of us spend an hour or more each day commuting to and from work ? In effect, this is wasted time. With a home business, commuting time can be converted into time spent on your business . Automatically, you have extra time to devote to building your profits. On top of this, you also save the expenses associated with commuting to and from work - petrol, wear and tear on your vehicle, bus and train fares, etc.

Start Part Time

In a home business, you have the option of starting in your spare time. This is an excellent way to test the water. Furthermore, it is a unique way to minimise the risk of starting up a new business. If it doesn't work, you haven't sacrificed your primary source of income. Also, if you don't have enough money to get started on a full time basis, your primary source of income (or your "day job") can be used to help get the business going on a part time basis until it develops enough to support you working in it full time.

If you are unsure of the size of your market or whether your new business can be profitable, starting part time can be an excellent way to learn whether you can do it full time. Very few business opportunities give you this option. But home businesses do! Risk can be minimised (but not totally eliminated).

Flexible Hours

Flexible hours are another major advantage. You don't need to keep or maintain the standard office hours. You can set your own schedule and do your work when it suits you best. For example, if you are a morning person, you can get up early and do your work so you finish early. Afternoon people can do their best work when it suits them also. If your business is international in nature or if you are a night person, you can work through the night. Your working hours are yours to decide.

Master of Your Own Destiny

In your own business, you can be master of your own destiny. Your income level depends on your own efforts. If you want to earn extra money, you can do more work. If you want to earn less, you do less work. Through the independence you gain in your home business, you will have many new experiences and challenges. These will lead to a tremendous sense of achievement and pride as you succeed in developing a profitable business.

Imagine the sense of freedom you will experience with no boss breathing down your neck? You won't need to achieve someone elses imposed deadlines, or sales targets, or production quotas. You can set your own goals, achieve your own targets and meet your own self imposed deadlines with no one looking over your shoulder but you.

Taxation

On top of these advantages of a home business, there are also tax advantages. Proportions of your home rates, mortgage interest costs, electricity, telephone and motoring costs probably could be claimed as business expenses when you lodge your tax returns.

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