Home Based Business – Solid Option for Growing Segment of US Economy

Posted by Margaret Brenneman
Home Based Business is a Hot Trend in US Economy
People who own a home based business are quickly becoming a part of the fastest-growing segment of the US economy.  There was a time when home-based business owners were looked at with some measure of disdain, but that is not the case any longer.  The economy is helping people look at income creation with a wider scope.  As recently as May, 2011, the unemployment rate was 9.1 percent.  According to the Bureau of Labor Statistics website, there were gains in jobs in the areas of healthcare, professional and business services, and mining, but local employment has continued to go down.  Having a home based business seems preferable to many as they have been forced to consider various options to make money.
How to Start a Home Based Business
Most people considering a home based business do not know how to begin working from home.  The solutions are easy, but many people do not know where to find resources.  The Forbes.com blog recommends a number of solutions for starting a home based business, including dog walking, network marketing, and publishing a book and marketing it on Amazon.  Network marketing is not something that many are comfortable considering, but despite much of the misinformation, it is one of the more inexpensive and quick-turnaround businesses to start.  Also listed on the Forbes blog is becoming a virtual assistant, which is very popular.  Home business owners need lots of help expanding, and virtual assistants are one of the ways that home based CEOs get everything done.  If people want to learn how to earn money from home, there are more than enough resources online to help them get started.
Benefits to owning a Home Based Business
There are a lot of benefits to owning a home based business.  The primary benefit that nearly every home business owner expresses is time freedom.  Carrie Robinson of Philadelphia, Pennsylvania works with Ardyss International.  She has worked from home for 4 years and says, “I can’t imagine being away from my children.  I have grown accustomed to getting up and living my life the way it needs to be lived every day.  I am not a millionaire, but I earn good money, and our bills are paid.  I would never go back to working for someone else. I work very hard and am good at my job, even though I own a home based business.”  Her sentiments are common.  Additionally, there are tax benefits, retirement savings benefits, and the ability to scale a business up or down almost instantly, depending on the product or service offered.  Home based business owners consistently express that they are able to do more and live better simply by working from home.
Make Stable Income in a Home Based Business
While many people have viewed the home based business world as something that is not real work, it is the fastest growing segment of the economy.  There are more people starting a home based business than any other kind of business right now.  The reasons for this are clear with the economy not doing well and with many people out of work and paying more for standard products and services.  Still, there are ways to start working from home and actually be profitable.  Owning a home based business does not have the same negative stigma attached to it that it once did because it has become the best way for the average person to earn income without having to rely on a job to pay bills.