Home business is becoming more popular in just about every country, but why? Well, there are a lot of reasons, and most of them have to do with higher profit margins, personal control of the business, and less stress. In fact, roughly 20% of Americans work from home, now. Here are some of the reasons you should start your own home business.
Clients, not Bosses
When you have your own home business, you have clients, not bosses. Now, your clients must be happy, but usually that means providing them with the goods and services that you are prepared to offer. Bosses, on the other hand, often trap their employees in hopeless political office drama. In the office, there are also regular reviews that cause dreadful – and often unnecessary – stress.
With clients, the feedback is direct and immediate. However, most clients also realize that, when they work with an individual working out of their home, there may be some needed flexibility. Communication is key here, while in the office setting, a boss doesn’t usually care whether you are a great communicator. He just wants to win.
Are you tired of watching someone else get rich off of your skills? Mechanics, teachers, architects, and people of all skills and education levels experience this problem. You have an impressive set of job skills, but you watch the majority of client’s hourly pay go to the company, while you get a fraction of the money.
In some cases, this works out. After all, the investment of office software and equipment is often restrictive to going out on your own. But, a small business loan can often cover the expense, and you can open your own home based business, keep all of the money your clients pay.
In addition to avoiding the stress of regular job performance reviews, there are other stress factors that are avoided when you have a home business. If you are a night owl, you can work at night. The client’s don’t care as long as they get their product. You can actually plan a vacation, scheduling work around your time off.
Part of your stress reduction will depend on the role your home business plays in actual bill paying. I work from home, and often tell people that I have a monster for a boss. But, as the boss, I can rein in my commitments and set my schedules to a more reasonable level. No longer do I have to watch job assignments mount beyond my abilities to perform, and then face castigation if I can’t keep up. Granted, I am not making as much money as I was in a high-stress, high-performance job, but I also have lower blood pressure.
Aside from timely delivery, there are fewer demands from others with a home business. You will find, when you work from home, that you can actually have a more flexible schedule than you were ever allowed to have when you worked for an hourly wage, or an annual salary.
That alone is enough to make home business more popular.