The most difficult task is tackled both your family and business together. So herein in such a situation one can try Home based business as it is better and reduces a lot of other costs and provides you with profitable benefits….
The hours that we generally spend in travelling is saved when one works from home and you have freedom to work as per your own will. There will be no boss who it’s on your head constantly, no dress code, no office politics, and no fixed schedule. One gets freedom from all of this and can save from all of these and work as per his/her own will. Only thing one needs is personal drive, time -management skills and discipline. If you have all of this then home based business works in your favor
- You enjoy the profits yourself
If you work harder you will earn more profits and that’s the basic principle to make money. The advantage here is you enjoy the profits all by yourself you don’t have to share it with anybody .E.g. your business is tutoring then you keep the money earned all to yourself
- You don’t have to pay anybody
If you have a cooking business wherein you yourself are handling everything then there is nobody you have to pay unlike the other business wherein you have to pay employees regularly.
- Tex Benefits
Having a business under your home roof is saving on lot of taxes. You can deduct a part of your home and depreciating expense on your home a business expenses. This can be a percentage of mort5age, property tax, business tax or the expenses of household expenses
- More time for friends and family
A home bound business helps you to give more time to your family at home and spend more time with your kids. Like be there when their return from school and enjoy the part of their growing as well as be there for someone sick as it is possible to leave a work you doing at home rather than office
- Less Stress
It is stressful if you are working outside and you have to manage both work and family. By business form home you have better work life balance. E.g. If there is someone sick it is easy to attend that person by keeping your work at hold when you are at home which isn’t possible when you are working outside.
So if the idea of home bound business is in your mind and now you know you even know the benefits. So go grab the opportunity and experiment the idea you don’t know you might turn out a successful and a better entrepreneur then those who are having an established office setup