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Home
based businesses are business that are run and managed by
an individual.
Home based business activities have increased due to economic recession.
The low start up costs remains the most attractive feature of home
based business to the unemployed fraternity. This particular
business enables you to save on rent, transport, meals, and clothing.
It also provides you with a flexible schedule making you responsible
for your own time and actions. Most mothers or parents love working
at home because they get to spend quality time with their children.
If you have you own home based business then this is great,
because no one will command you what to do and how to do your business.
Running a home based business requires a lot for an individual
especially hard work and persistent, since usually you work alone.
You have to prepare for a fast-paced life. Most people are usually
determined to achieve by putting in their best efforts, however,
some people consider loneliness as a factor that can destruct performance.
Without support staff or systems, you have to push yourself to
the wall to achieve success. Home based businesses can interfere
with work life balance; some people find it very hard to manage
their work life balance. It has also become a concern about developing
career; it is a general concern that working from the confines of
your home has some negative influence family members and their careers.
Home based business has the following advantages:
- It enables you to mold the future you want by setting personal
goals. You gain personal freedom
- There are no limits to the financial gains and cuts down some
of your daily expenditure.
- You can enjoy some tax benefits and option that varies in different
countries.
- You get to spend quality time with your family or dear ones.
You can work towards realizing this goal.
- You can work on very flexible schedules without stress. Responsibility
and accountability discipline is required.
- The home based business has the variety in terms of job
opportunities. You can develop yourself easily in different areas
of interest.
- People tend to be more productive when they work for certain
goals. Proper strategies, resolutions and goals help you achieve
success in your home based business.
- There is a lower cost per transaction, which enables you to
compete fairly with established companies
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