By: Catherine Perry
Are you looking to get out of the rat race of a 9-5 job? Do you want to spend more time with family and friends? Are you ready to live a more balanced life? Then owning a home-based internet business may be the right decision for you!
Working for a company, especially a large one, isn’t what it used to be. In previous years, people would get a job with a company and keep it for 30+ years. They would then retire with great benefits. The company took care of their employees by providing good health insurance, competitive wages, and a retirement pension. There was the option for upward mobility and a path for career development. You had comradery with fellow employees; you grew by developing skills and sharing experiences from the work, and you were rewarded for it. However, things have changed!
Today it is a totally different scenario. Due to the workplace being so different this has to lead many people to look at other work options that provide benefits they can’t get working for a company. Because of this shift, more people are opting to start their own companies and enjoy the benefits of having a home-based business. According to Forbes in the article “16 Surprising Statistics about Small Businesses,” more than 52% of all small businesses in the U.S. are home-based.
One of the most popular businesses to operate from home is an internet business. It is an easy start-up process and there are many industry options from which to choose. There are internet businesses that provide services and/or products in thousands of different industries. The internet is open for business 24 hours a day, 7 days a week to a global audience, giving it a huge competitive edge compared to the brick-and-mortar store. According to the Small Business Association, owning a home-based internet business gives you “access to the same types of tools and marketing opportunities used by major corporations.”
This is why we want to focus on 5 benefits of owning a home-based business that we think are some of the most important. Some of these benefits may be ancillary to the profits and ease of operating a home-based business; however, you may find they are the most valuable to you.
Benefit #1: You Can Direct Your Own Course
When you own your own home-based business, you are the boss and drive the ship! It’s yours and it is entirely up to you to work it and make it successful. You make all the decisions—both the important decisions, as well as, the not-so-important ones. No one tells you how to work or when. You work hard and gain the rewards. If you have an entrepreneurial spirit, this is a great way to make your mark and direct your own course in life.
Benefit #2: You Have a Flexible Schedule
Owning an internet business and operating it from your home allows you the ability to have a more fluid, flexible schedule. You get the work done either when it needs to be done or when you would like to get it done. You have the flexibility to make more time for friends and family. You’re able to be with your children when they are sick and spend quality time with people in your life that you can’t with a 9-to-5 work schedule. Additionally, you have more time for other things like exercising and running errands when you have a home-based business. In our opinion, this is one of the most valuable benefits of owning your own home-based business!
Benefit #3: You Can Increase Productivity
Working from home provides an environment where you can be more productive. In a traditional work situation, most people find that their productivity level decreases due to constant meetings and interruptions. By working at home, your ability to focus can improve exponentially, thus allowing you to get a lot more done in a shorter amount of time. And, of course, being more focused and productive give you more time to do other things—things you don’t have time for when you aren’t the boss!
Benefit #4: You Keep More of the Money YOU Make
When you own home-based business, you’re able to keep more of the money you make. There are several reasons for this.
No commute (save money) – This means you don’t need to spend money on gas and the wear-and-tear on your car. According to the U.S. Federal Highway Administration, the average American spends 348 hours each year commuting. You can’t put a price on having more time!
Work clothes budget (save money) – You set the dress code! If you want to wear your pajamas all day, you can – you’re the boss! The money spent on work clothes can be very minimal. This will give you more money to spend on the things you want to fill your life.
Tax benefits (save money) – There are many tax benefits to owning your own business and working from home (so many that we won’t attempt to delve into them all in this article). You may be able to deduct portions of some home-related expenses against your business income. Such expenses as mortgage interest, property taxes, utilities, and repairs and maintenance may qualify. And, though you can’t create a loss with your home office expenses, you can carry them forward to future tax years in the event you don’t have enough business income to use them up in the current year.
Lower overhead costs (save money) – Working from a home-based office keeps your overhead costs low as you are not renting office space or phones or paying for office utilities. Lower overhead costs are definitely a plus when owning your own business. Low overhead and low operating costs make an ecommerce business ideal for anyone looking to run a home-based business. With an internet based business, you have minimal start-up costs and when you choose to run a drop ship business you do not have to hold any inventory, which keeps your overhead even lower. An online business does have costs associated with the setup and management, but they are minimal compared to owning any other type of retail store.
Benefit #5: You Stress Less
You can experience less stress when you have the benefits we’ve outlined above. Imagine having less stress when you are trying to juggle childcare and the demands of work and family. Instead, when you have a home-based business you are able to stay home to take care of the things in your life that mean the most. Having a flexible schedule that allows you to get more done in a shorter amount of time is also a great way to decrease your stress level. Not having to commute in traffic to get to a workplace definitely alleviates a big stressor. You have less stress when setting your schedule. Can you feel the stress lightening by just thinking about owning a home-based business? Imagine it.
Though we think these are the top 5 benefits, we have only touched the surface. Take a few minutes to really envision your life if you were to own an internet business and work from home. Ask yourself these questions and visualize the answers…..
What would owning a home based internet business look like to you?
Would it improve your life?
What are the best benefits for you? (Probably all of the above!)
Owning a home-based internet business can impact the quality of your life in so many ways. Explore some of our options by going to Pure-Ecommerce.com to check out our collection of ready-made internet business and custom internet business opportunities. All you need is an entrepreneurial spirit that gives you the drive and discipline. To quote Kevin Systrom, a co-founder of Instagram, “There’s no better time than now to get going.” If you have questions about starting your own home-based internet business, we invite you to schedule a FREE phone consult to discuss them with our owner, Jeff Varner – Schedule Here.