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Home-Based Businesses Are No Laughing Matter


(This post may contain affiliate links. Please read my disclosure policy).

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.

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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;

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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.

Home-Based Businesses Are No Laughing Matter

You should read the rest of Anita’s article over at Small Business Trends. Lots of surprises.

And, check out a few home based franchise opportunities 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…

Princess grace
(Especially when my daughter, The Franchise Princess, is hanging out in my home office.)

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joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes. For over 20 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

Joel is the absolute best. Do NOT engage in any franchise until you have consulted with Joel. He will save you tons of money and grief. I am absolutely convinced that if I had found Joel before I signed on all the dotted lines and spent some money with him, I would have avoided my looming crash and burn."
- Andy Mark
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