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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.

Home-based does not mean you’re at home a lot. But, there are some very attractive things about the home-based business model;

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  • 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.

Home-Based Businesses Are No Laughing Matter

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

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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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I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes. For over 20 years, I’ve been helping people make smart, informed decisions on franchises to buy, and I can help you, too! #thefranchiseking
The fantastic thing about Joel is his neutrality. Because he is not getting an incentive fee, he will always give you the advice that you need (even if not what you necessarily want) and that's pretty unique these days. Thank you Joel!"
- Nic Church, France
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