Why More and More People Choose To Be Home Business Entrepreneurs
- Author Josephine Mendez
- Published December 27, 2007
- Word count 496
Based on recent surveys, the three major stimuli for the astounding crescendo of home based business into a consequential peak are: money, flexibility and time savings.
Many at-home entrepreneurs acquisce that bidding adieu to their nine-to-five grind has been the smartest concession they have ever reached in their life. Even the high-salaried worker realizes that the paychecks he scores will not enable him the financial stability he dreams to attain in the long run. It's a rare possibility to get rich working for others. On the other hand, the prospect of unlimited profits highly motivates a home based entrepreneur; he knows that all the strenuous expenditure of energy he devotes to his business equate to the amount of profits he would generate subsequently.
According to a startling report that the Bureau of Labor released, out of 100 Americans who started working at the age of 25, a measly 4% will be financially stable at retirement age. What happens to the rest? It's a dismal reality that 63% of the people would be dependent on relatives, friends or charity for their sustenance at 65, while 4% will continue to work in their old age to make both ends meet. Frightened at such a foreboding scenario, the sensible ones are starting to make plans to opt out of the ruts, and find the benefits of having a home business baffling to ignore.
A home based business affords the utmost independence for the entrepreneur. Taking advantage of the complex infrastructure yet efficient nature of the World Wide Web, at-home businessmen can summon leisure anytime, do extra household errands whenever, without getting handicapped because the internet capabilities permit their business operations 24/7. They can earn money even while sleeping.
Financial freedom is a breeze mainly because starting a home based business does not require exorbitant funding; a moderate budget is all one needs to keep a home business running, the bigger chunk of which is apportioned to web maintenance. Furthermore, the income tax breaks for business use of the home are essentially stimulating, and are a substantial source of extra money at tax time. CPAs are known to coax their professional clients who have six-figure incomes to establish home businesses as a tax shield.
Many work-at-home moms attest that the time they have available to be with their children is something they would never swap for any high-paying job. They would rather choose anonymity over career prestige because the invaluable time it allows them to spend with their children are indeed irredeemable. They would always consider the home business stratagem as a superlative blessing.
Flexible working hours is another fringe benefit of the home business. You can choose to work at anytime you want, or decide not to work at your whim without the threat of getting fired. You accumulate time savings because you dispense with the commuting time and hours consumed getting ready for work.
Beyond facts and factoids, what matters about deciding to be a home business entrepreneur is you augment your chances of succeeding.
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