As the trend of downsizing continues at an alarming rate in large corporations
, the reality of job loss is very evident. This opens up the possibility of starting a home business. Many people are now starting to grasp the benefits of working from their houses.
If you are currently commuting to your place of work, think about the time you spend daily commuting. Multiply this by five days per week and then get the monthly and yearly figures. Think about what you are able to do with that extra time. It has been reported that the average American spends three hundred and forty eight years annually commuting to work.
Now that you are able to work at the place you live, you have all of this extra time. You can start to recover this lost time and take control of their lives. While office politics, working at inconvenient times, certain dress codes and working for a boss are gone forever. You need to replace these with something else. Working by yourself and for yourself requires time management skills, discipline and the drive needed to succeed. This way you dictate how much you make and all the money is yours. No one gets to determine your worth, other than you of course. There is also a massive savings in the form of no commuting costs and eating at the house is more cost effective than eating out every day.
By being alone and having no distractions, you will be able to come up with other income producing ideas. You may also discover some that are already in existence.
Operating from your place of residence is much more cost effective than an already established business. There is no rent or salaries to be paid.
The tax advantages are great as well, you are able to claim a portion of the cost of living at home as a deductible expense. A certain percentage of the rent or mortgage and utility costs are tax deductible. Volumes of books could be written on the benefits of a home business. These are just a small sample of those reasons.