Home based business: is it right for you?

| Total Words: 1134

It is many peoples dream to work from home, by starting a business from scratch or joining a legitimate work at home business opportunity, affiliate program or franchise. Working at home means you can work at something you enjoy, “sack” difficult clients, put difficult bosses behind you, and avoid a lot of the daily stress faced by employees. The home based business industry is expanding rapidly and research suggests that revenue from home-based businesses will increase by up to 17% a year for the next five years. Home based business can mean a consultancy, franchise, affiliate program, network marketing, party plan, internet sales, and many more.

It’s a big step from being employed to working for yourself, so plan as far ahead as possible. You will need to think about the effects on all areas of your life to prepare yourself, before you actually leave your job. With corporate cutbacks, redundancy can be the trigger for starting a home based business, and in this case you may have no scope for planning ahead. If you are made redundant try to negotiate as many extra benefits as you can from your employer: for example pay in lieu of notice, use of...

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