The Benefits and Drawbacks of Home Based Businesses

Working from home can be an intensely rewarding way to make a living. You will have the freedom to work in your pajamas and take breaks when you need them. However, a home based business calls for a special kind of discipline that a regular job typically has built into it.

Most people are looking for a way to free themselves from the 9-5 grind. With the price of gas commutes are becoming less and less desirable. Having to walk from your bedroom to your home office is much nicer than driving across town. In the past home based businesses were unrealistic. However, now there are more opportunities to work from home than ever before. Don’t set up your cubicle at home just yet. First you want to be sure that you are well versed on the advantages and disadvantages of having a home based business.

First you want to figure out what type of home based business you would like to have. There are plenty of full and part time opportunities that you can take advantage of. As the economy in the United States goes through a major reconstruction the way that business is conducted is changing. The Information Age has completely taken over the way that people do business. Employees can complete their work at home for much less money than what it costs to travel to offices. The overhead of having a building that houses employees is also eliminated. That means that companies can save by contracting out work or allowing employees to work from home.

In this current economy, where all workers run the risk of losing their jobs, even white collar workers are seeing their jobs disappear in this unstable economy. This dislocation of workers is uncomfortable and troublesome but it leaves the door open for home based businesses. An amazing one out of three companies is started at home these days. A major shift from the trend that was present in prior to the Information Age. Over forty percent of office and manufacturing jobs were eliminated between 1980 and 1995. Millions of workers were displaced by this shift.

Take advantage of large corporations that are searching for contract employees to complete work form home. There is a huge market for technical writers, web designers and people that can write JavaScript, CSS and understand computer languages. While companies need these services, they often would rather contract them out than have in house people that do them. Invest in a couple of low cost community college course to learn these skills and stock your home office with equipment. Most of the things that you will need for a home based business you probably have on hand. A laptop, printer and the standard office equipment that is found in most offices, such as file cabinets, staples, folders and paper clips are all basics. These simple tools are inexpensive but just like the higher price items; they can be deducted when it comes to tax time. Make wise investments and save when tax season comes around.

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