Building a home-based business is a great way to build freedom; not only the freedom to break free from a 9 to 5 job, but freedom from financial worries. Starting a home-based business can be a very challenging yet rewarding experience.

Let us take a look at three benefits you can gain from starting your own home-based business. Now this is only a short list, as there are also many other benefits, ranging from tax deductions to health benefits.

Here are just three benefits of starting a home-based business:

Building residual income

What is residual income? It means you get paid over and over for doing something only once. With the advent of the Internet, you can create many products and services that people are very willing to pay you for. At this point, you simply automate it online and you have created a hands-free source of residual income.

Unlimited income potential

Starting your own business is the only way to build unlimited potential for your income. Even if you won the lottery your income would be limited to your winnings, but when you start your own home-based business you can essentially make as much as you want, it is all up to you.

Freedom to live the life you want

While unlimited income potential and the idea of making money 24/7 is amazing, there really is no better benefit or feeling than having freedom. When you have your own home-business, you do not have a boss to answer to. Now when you have the freedom to decide how to run things, when to do certain things, and when not to do things, there is a satisfaction that can only come with running your own business. When you have freedom from working under a boss, you will have more energy, more drive, and more desire to achieve success. Even working 15hr days will not seem so bad because you are working for yourself, and having the freedom to decide how much or how little to work is a great feeling.