Benefits Of Home Based Business

The benefits of home based business are becoming clear to many in the U.S. and across the world as more and more people set up to work from home. Statistics collected in 2006 estimate that legitimate home based businesses account for an annual revenue, in the U.S., of more than $100 billion dollars. This is quite a considerable sum and it’s clear that people are starting to realize the multitude of advantages offered by this method of working.

Why start a home based business? Money is the obvious first reason: some people simply cannot – or do not want to – make ends meet with just the income from one job. These people find that starting their own business will help them in their goal of financial independence. Other advantages that make home based business a solid idea have to be the lack of commenting, the lack of a boss, and the lack of an office in which people make office politics their sole aim of the
of the day.

Home businesses are blessed with a variety of tax deductions. Expenses that you previously paid are suddenly deductible.Some possible deductions include the business portion of your home. What business portion means is how much area of your house you use it for doing home based business. Again check with your local office if there is a maximum limit for the area that you can claim as business portion. You may be able to claim the following:

• Mortgage Interest
• Rent
• Electricity
• Telephone
• Internet
• Expenses for maintenance and repair
• Property Taxes
• Home Insurance

And many more

Job well done: When was the last time the boss came up to you and told you that you had done an excellent job? Self achievement is a driving desire that most of us are trying to reach, weather we have ever contemplated that or not. Helen Hayes, the American actress said, "My mother drew a distinction between achievement and success. She said that achievement is the knowledge that you have studied and worked hard and done the best that is in you. Success is being praised by others. That is nice but not as important or satisfying. Always aim for achievement and forget about success". In a work from home atmosphere you can receive all the benefits of a job well done.

Ya Hoo! Casual Day: When gainfully employed in a home based business every day is casual day. Enough said...

Now these are but just a few of the benefits that you can realize when you are in a work from home environment. I'm sure as you take a few moments to think about it you will come up with many of your own. Keep in mind that every business has some things that may be considered negative, even a home based business.

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