Joel LibavaI 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;
Most pet franchise opportunities aren't worth your time. This one is different — and most people never even hear about it. Low investment. Serious support. Real upside.
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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.
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…
(Especially when my daughter, The Franchise Princess, is hanging out in my home office.)
About the Author
Joel Libava is The Franchise King® — an independent franchise advisor with 25+ years in the industry, two published books on franchising, and his writing has been featured in The New York Times, Forbes, CNBC, Entrepreneur® Magazine and others. In addition, he wrote exclusively for the U.S. Small Business Administration blog for eight years. He doesn't sell franchises. Instead, Joel helps you figure out if franchise ownership is actually right for you — and if it is, teaches you his powerful, proven-to-work franchise research techniques, so you can make a smart, informed decision on a franchise to own and be your own boss.
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