Why Go Home Based Over Traditional Business

(c)Copyright Faye Brown

How many times have you... thought about starting your own
Business. Have you ever pictured yourself with a successful
Business?

Comparison between home based and traditional business.
Each business has costs involved with starting and
maintaining. Which type of business is right for you?

Home business can have all of the success of traditional
business at a fraction of the cost.

Both types of business have costs involved, the traditional
business tends to have more. For starters, the traditional
has an overhead that really cuts into your profits. You have
rent, lease, or morgage, loan payments furnishing,
equipment, landscaping, utilities and so forth.

Home based cuts down on most of these costs. The main thing
you need is your office equipment, computer, printer fax,
desk, chair and phone. The rest you are already paying.

You have to have an advertising budget for both. How much
depends on the position you are in.

Advertising costs to launch a traditional business could be
huge depending or what your market is. You need to get the
word out that you are open for business.

In home based we still need to advertise and need a budget
for this, but in can be what you can afford. Of course the
more you advertise, the more your business is seen, the
faster you have success.

Licenses can be needed to be in either business. Governments
around the world have guide lines to follow of what licenses
you need to have to be in business.

Licenses are needed in tradition business and you actually
may require many depending on your niche. These are usually
yearly purchases.

Home based may require a business license and maybe a
specialty license depending on what your business is.
In a traditional business, depending what your business
does, could require you to have multiple licenses.
Home based tends to need less, maybe a business license or a
specialty license. These fees are normally yearly.

There is great tax saving benefits to both businesses. Most
government’s give you deductions for many things.

Both business types give you great tax saving methods and
are about the same. Home based you get to deduct a portion
or all of what you already pay for. This could turn out to
be thousands that stays in your pocket and not the
governments.

You know that any business needs supplies, but not as much
needed for home based.

Many of the supplies needed in a home-based business are
already in your current budget, or you already own. These
include cleaning supplies, mop, bucket, vacuum, and cleaners.

A traditional business has to invest in these things at the
start. Of course there are other supplies that both types of
business need on a monthly basis. Paper and ink being the
most common for home based.

Time freedom and management is one of the reasons we all
would like to have a business, but what really is the
reality?

In a traditional business starting out the owner usually
works very hard and is required to work many hours, to get
the business off the ground. It could be many years before
you could have time off.

In the Home Based industry most people start out part time,
and gradually work into full time when they are having
enough success. Instead of watching 3 hour of TV a night
they turn this time into creating their future. It is easier
to schedule time for special events in your life. Again the
more you do the faster your success.

The best reason to go home business is to create residule
income. This is income that pays you over and over for
doing the work once.

I have and continue to do both types of business. In my
experience both can be, successful, challenging, and self
rewarding. Dollar for dollar you should look at the home
based business industry, find one with a good support team,
marketing system and good products and start your way to
creating your future.

Do you see the benefits to a home-based business?

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