Many companies are now looking to downsize, and the corporate world is changing. The presence of the internet has been the source of so many entrepreneurs trying to find ways to work from home because it has been seen to have so many benefits. Most people are also looking to have more time near their families in a world way that balance between home and work doesn’t exist anymore. Here are the benefits of having a home-based business.
This comes as the first and most important point. Most people spend so many hours in cars or buses to and from work every morning and every evening. An average working person spends almost three hundred and fifty hours or more every year commuting. Having a home based business makes sure that you can take back all those hours and increase your productivity. There is a lot of freedom also because you are not expected to dress a certain way for work or answer to anyone, and you certainly do not have to deal with office politics. There is no supervision, so the only thing you need is commitment and a lot of discipline.
Having a home based business ensures that you save more money which would have otherwise been used for transport to and from work and food during lunch hour at work. It is also worth noting that the amount of money that you make is directly proportional to just how hard you work so if you work hard enough you can make so much money. You do not even need promotions when you have a home based business.
Reduced Risks And Tax
It costs a whole lot less to start a business from home and to run it than it would cost to start a freestanding venture in a given location. Once a home based business starts operating, it is also much cheaper to maintain. There is also an immense advantage that you get by having your home and your office in one location. The expenses on your home like depreciating expenses can now be deducted as part of the expenses of the business.
Time For A Social Life
It is very important to set time aside for friend and family. This is even more important if you have kids because you can drop and pick them from school. In the case of a family emergency, it is easier to leave your house than is to leave the office.