Benefits of Owning a Home-based Business


Not only is a home-based business attainable and profitable for want to-be business owners, it can enhance financial stability and provide steady income for folks needing a regular job, or looking to supplement income from low-paying jobs. If you happen to fall into the “I want to own-my-own business category,” you’ll be amazed by the types of tax deductions you can legally claim annually; dependent on the type of business you choose to start.

For instance, if you start a home-based business such as a day care, party planner, virtual assistant, web site content writer, blogger, product review writer, independent/contract performer, custom jewelry maker, or arts/crafts to name a few. You’ll be able to take a percentage of deductions such as utilities, mortgage note, insurances, property tax, office/storage space, and home repairs based on the size of a room/area used to provide services and/or store items used exclusively for your business.

In order to get started, you must first make your business legal by choosing a trade name – reflective of what you will be doing as a business owner. Once your trade name is registered and documents issued by your State’s Department of Assessments and Taxation office. You can then apply for the issuance of an Identification Number from your State’s Department of Assessments and Taxation Personal Property Division, or IRS office depending on the laws of your State. Some State’s allow potential business owners to apply for both before-mentioned registrations at the same time; provided your chosen trade name is not being used by an existing business/owner.

As you can see, operating a business from your home-base is an easy inexpensive way to get started without the hassle of paying to rent an office/storage space. Your residence (apartment/house) is your business headquarters.

Further, a quick internet search will quickly lead you to an inexpensive online printed/digital books offering step-by-step guides on how to start that business you’ve been dreaming about. Stop procrastinating…Now is a good time to start your own business.

Feel free to share your thoughts, comments and/or questions.

How to start a business

the time is now


During my federal and writing careers, I’ve come across many people wanting to start their own businesses. Although for many, this desire and dream still lives within their hearts and minds. The fear of not knowing how to get started, or what type of business to start prevents the probability of making an effort to bring these desires to fruition.

Meanwhile I’ve noticed. Like the people mentioned above, most with a desire to start a business already have what’s needed to get started due to formal education, job experiences, family environment and personal development.

Let’s ponder a few jobs you might have held, or currently holds such as secretary, office manager, electrician, mechanic, welder, landscaper, construction worker, nurse, building security, property inspector, typist, desktop publisher, blogger, housekeeper, plumber, cook, or beautician.

You see where I’m heading?
Basically, you’ve either acquired certifications/diploma from a college, private training facility, or on-the-job-training from your employer(s). As a result, you’re already prepared to start your own small business from your residence (home or apartment).

Starting a business is easy – when you do what you know.
Let’s assume you learned a craft from a familiar environment. For instance, throughout your youth and teen-years, your grandmother, aunt, cousin, and/or mother enjoyed cooking and baking which made their kitchens the hub of great foods and family gatherings. As a result, you grew up in different kitchens – helping out by retrieving cooking containers, utensils, and stirring pots. As well as, washing dishes, fetching ingredients and learning to cook as well as those adults. Further, you might have learned skills while working at family-owned businesses such as a community store, lawn care service, daycare, handyman repair service, a farm, auto shop, private property maintenance/rental, and other trades.

I’m sure if you reflect on past experiences, you’ll quickly recall one or more skills you enjoyed doing which might inspire you to consider the probability whether to; or not start a business doing what you already know how to do.

Most potential business owners have what they need to get started.
Every job and scenario mentioned above provides an opportunity for you to start your own business, based on what you know, or have learned from one or more previous jobs. At this point, due to work experience, training and familiar background you are prepared to start a business, right now. It really is up to you!

In addition, outsourcing and down-sizing of government agencies and private companies, sole-proprietorship business owners offer their service(s) to these vendors as independent contractors. You can do the same.

If this article or others (articles/people) have inspired you to consider, or start your own business based on what you know. Please share your thoughts, and/or comments.