7 Reasons Why You Need A Home Based Business

Having a home-based business will save the economy.  Corporate employees are looking at either a new career change or a secondary income.

If you are looking to escape the rat race, spend more time with your family, and live a balanced life… a home-based business may be the right decision for you.

1.  In a home-based business, you get to be your own boss.

If you’re used to spending hours in traffic to and from work every day. The most exciting advantage of starting a business from home is time freedom.

According to the U.S Federal Highway Administration, the average American spends 348 hours each year commuting. With a home-based business, you have those extra hours to regain control of your personal life. Plus, there are no bosses, no dress code, no set work schedule, and no office politics to maneuver. All you need is personal drive, discipline, and time-management skill.

2. In a home-based business, you keep the money you make.

It’s a simple principle: the harder you work, the more money you can make. Your earning potential is proportional to the work you put in. So you don’t have to wait for a raise or a promotion. You work harder, and you produce more. You’ll also save money on gas and food. Preparing lunch at home is more cost-efficient and offers a nice break in your workday.

3.  In a home-based business, you get to spend more time with family.

This is important for parents of school-age children. You can see the kids off to school and on most days be home when they return. Also, if someone is sick, it’s easier to leave your home’s desk than one in someone else’s office.

4.  In a home-based business, you get the benefit of writing off your expenses with tax advantages.

There are many tax advantages to having your home and office under one roof. You can deduct a part of your home’s operating and depreciation expenses. Such as your mortgage, property taxes, insurance, utilities, and other household maintenance.

5.  In a home-based business, you will notice reduced stress levels.

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. You can also 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.  In a home-based business, there is plenty of earning potential.

You have the potential to earn unlimited streams of income if position yourself. Homeowners stand to make a significant profit on the investment they make. They will spend hundreds of dollars on your products and services. It’s up to you to ensure you’re not undervaluing your time and the talent you have to bring to the table.

7.  In a home-based business, you will grow and evolve with personal development.

Being your own boss gives you the chance to wear a lot of hats. President, distributor, consultant and more. This gives you experience with all the aspects of running a home-based business. Which, in turn, makes you even more marketable.

It’s your turn!

I hope these 7 reasons will help you in your quest to make a decision to start a home-based business.

More so now then ever, people are open to starting a home-based business.  If you need help or need more clarification on how to start a home-based business, you can contact me here.

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14 responses to “7 Reasons Why You Need A Home Based Business”

  1. These are 7 great reasons why we need a home based business!

    The benefits are tremendous and it is something I personally am enjoying immensely 🙂

  2. Luke Blower says:

    Hi Nate, these are great reasons, hopefully people will read them and get with the game!

  3. Andrea says:

    Love these reasons Nate. Everyone wants less stress and more time. The tax advantages are nice too

    • Nate Leung says:

      That’s one thing I promote is Tax Advantages. Many do not realize the power of the tax write-offs while owning a business. The IRS implemented this on purpose for business owners to take advantage of. Thanks for the feedback!

  4. Katrina says:

    I LOVE the be your own boss part! I just remember daily that I can fire myself if I don’t live up to expectations… and then I might have to go get a J.O.B. again!

    • Nate Leung says:

      Hey Katrina!

      I do too! We find ways to motivate ourselves to do what we do. Thanks for the comments Katrina!

  5. Dude I know of no other way to live. In 3 weeks I am going to Kathmandu. Are you kidding me? A fired security guard? Going to Nepal, India and Thailand, and all the places I have been?

    Nate you nailed all the reasons once again. Keep rocking it out man!!!

    Ryan

  6. Paul says:

    Thanks for the well presented information. I agree that working from home allows you to be flexible, and create balance. This is the way of the future!

  7. Roman Wheatley says:

    Hey Nate, good break down of reasons why everyone should own a home based business. Especially in this economy, everyone if not already looking for one, should look for one. I’m glad I found my company and his industry and the timing couldn’t have happened at a better time for me. Thanks for the article buddy!

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