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.
Home-Based Businesses Are No Laughing Matter
You should read the rest of Anita’s article over at Small Business Trends. Lots of surprises.
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…
Business Tip: You Need To Get Business Owners Policy Insurance