Many new entrepreneurs work from home or from office space that is shared with other businesses. Working from home can be a great way to keep costs down during the early stages of your new business, even if you plan to expand later. Home-based businesses provide considerable flexibility and may allow you to work as an employee for another business while you launch your own business on the side. One very popular type of home-based business is called a freelance business. Freelance businesses are businesses with one employee you who takes on contract work for other businesses, organizations, and individuals. Many aspiring entrepreneurs also turn their favorite hobbies into business ideas they can pursue from home.
A home-based business is any enterprise for which the principal administrative and managerial activities take place within an individual's personal residence. People start home-based business ventures for a wide variety of reasons. For example, some people are forced to leave the corporate world as a result of downsizing or early retirement, while others leave voluntarily out of a desire to be their own boss, to avoid the hassles associated with commuting, or to facilitate caring for children or elderly relatives. Whatever the reason, home-based businesses have become a significant trend in recent years. Once viewed as a way for an unemployed person to make some money until a "real" job came along, home-based businesses are now taken much more seriously. Today, home-based businesses run the gamut from consulting firms and advertising agencies to photography studios and free-lance writing services. The main driving force behind the growth of home-based businesses is the increasing capability and availability of computer and communications technology.
How To Write A Business Plan For A Home Based Sewing Business
New from BizMove: Video Guides to Boost Your Business Management Skills Here's a collection of results driven video guides to help sharpen your business skills while increasing your chances of success as a business manager. The drive for economic self-sufficiency has motivated large numbers of persons to market their skills and talents for profit from home. Our increasingly service oriented economy offers a widening spectrum of opportunities for customized and personalized small business growth.
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