I have discussed home-based franchises before, and for good reason. Did you know that successful home-based business owners provide at least 50% of their overall household income?
That means that some home-based business owners (Some of them franchise businesses) could be laughing all the way to their banks, while you are sitting in your corporate cubicle. That’s not funny.
Home-based does not mean you’re at home a lot. But, there are some very attractive things about the home-based business model;
- Low cost of entry
- Low inventory costs
- Low number of employees
- Faster break-even potential
- Lower rent
- Possible tax advantages
There are several myths associated with home-based businesses, and in her recent article, Anita Campbell dispelled a few. here’s one of my favorites;
Myth: Home-based businesses are short-lived.
- Reality: Nearly
half of the homepreneurs in the survey had been in business for more
than 15 years. Just 20% had been in business for less than five years.
You should read the rest of Anita’s article over at Small Business Trends. Lots of surprises.
There’s an entire page focused on home-based franchises right here.
Speaking of home-based businesses, did you know that I moved my leased office space to my home in December of last year? I sure get a lot done…
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