Great Home Business Ideas
For some people, the idea of a home business seems a foreign language. They can not understand how a home business can bring in more income than that of a business that is formed in a solid building. Its much the same line of thinking of those who shy away from the concept of network marketing. Its not a traditional business so the idea frightens them. Of course, if you do your research and choose a business that is compatible with your skill level and experience, a home business can be more profitable than a brick and mortar business.
Some of the reasons why they may happen are described below.
One of the major reasons a home business can be more profitable than a brick and mortar is overhead. For example, a home business does not require payroll expenses,a sophisticated security system, business phone system and inventory just to name a few. That does not mean that your business will not have overhead because any business you operate has expenses connected to its operation.
The difference is that a home business has a much lower rate of overhead since you are using your home. There is no need for additional electric, phone, gas, or water lines, thus only a portion of the usage of those commodities is expensed for the business. Also, unless you hire people who actually work for you as opposed to outsourcing the work, there is no need for insurance except for yourself.
You may need to change your homeowners'policy to accommodate the business part of your home, but you should not need an entire new policy. Even if you do, the cost will be much lower than that of an entire building. If you have a brick and mortar business, you can certainly not bring your children to work, even if they are school age.
For one thing, it will be difficult to put them on the bus from another location, so having a brick and mortar business facilitates the need for either day care or a babysitter if your children are young. With a home business, you may be able to avoid childcare expenses if your children are old enough to understand that you are working and cannot be disturbed.
This is especially true if they are all in school since you can probably do most of your work during those hours. You also do not have to worry about losing time from work because they are ill or daycare is closed. You just need to rearrange your work schedule. Some types of home businesses may allow you to work when your children are there but if you meet clients, home or away, you should arrange to have your children placed in daycare or with a babysitter.
Obinna Heche: Los Angeles- California
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