Benefits Of Starting A Home Based Business Essay - 1182 Words

The advantages of starting a home based business outweigh the time and small expense involved in setting up a viable business. For the long term, the overhead costs for starting a business in your home are very low. The government provides several tax incentives for individuals who have businesses set up in their home. There are some strict rules and regulations that must be met to qualify for the home-based business deduction but once confirmed, the tax refunds for having a home based business are very lucrative. In addition to the tax advantages, home based business owners have no daily transportation expenses. home based business owner has unlimited flexibility in balancing work and family commitments. Using technology for communication and business processes makes working from home a sensible and practical solution to the high price of gasoline, commuting time and costs of buying new clothes. Home-based businesses play a crucial role in the free enterprise system. These entrepreneurs contribute to the overall economy as well as the financial viability of their families. The ultimate dream of a home based business is to provide financial independence for the owner, their family and the community at large.. Some of the most widely recognized software retailers and cosmetic companies had their beginning in a garage. Companies like Apple Computer, Hewlett Packard, Dell, Microsoft, Lotus and even the cosmetic giant, Mary Kay, were initially started as home based businessShow MoreRelatedGlobal Financial Collapse Of 2008908 Words   |  4 Pagesbe threatened and that there is not secure job as that is a paradigm of the past. It appeared that the only viable option would be to start a business of their own. In an effort to minimize expenses most of the businesses that these people, who are known as entrepreneurs, are starting businesses in their own homes. The businesses are referred to as home-based businesses and it is believed that they have generated a large portion of the economy in the United States alone. Some of the most profitableRead MoreEssay about Business Research Week 1891 Words   |  4 Pagessummary of the business research process by describing the business research process from your experience in the workplace or in an article you find through the University Library. Format your paper consistent with APA guidelines. 2.1 State the purpose of the business research. 2.2 Develop appropriate research questions and hypotheses. 2.3 Identify dependent and independent variables in business research. Introduction In this paper I will discuss the business research processRead MoreHome Depot Economic Indicators Essay804 Words   |  4 PagesHome Depot Economic Indicators Two of the economic indicators, housing starts and interest rates have a trickle down effect on Home Depots business. 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