Why Start A Home Based Business Now?

Did you know that according to a survey conducted a few years ago in the US a home-based business is started every 12 seconds! Isn’t that amazing?

Additionally, this same survey indicated that home-based businesses:

• Bring in revenues of more than 427 billion per year
• There are 38 million home-based businesses in USA
• 77% of the home-based businesses succeed within the first 3 years versus 30% of regular businesses
• 44% of Home-Based Businesses are started for less than $5k
• 20% of Home-Based Businesses make $100k-$500k a year
• 70% of Americans would prefer to be self-employed.

The above statistics may be for America but I believe it is very much the same globally for all developed countries right now because of the power of internet technology allowing people to do businesses differently.

The global coronavirus crisis has also shifted the mindset thinking of many people to adapt to the new normal of doing business. Home-Based Business happens to be one of the better options when social distancing is important, and many are glad to stay at home for work.

The concept of working from home has been accepted and adopted very fast by many individuals, small companies, and big corporations worldwide because of the coronavirus pandemic movement control.

These go to show you that you don’t have to have a traditional brick and mortar business right now to have a profitable business.

Why Should You Start a Home-Based Business Now?
Basically, a home-based business gives people with limited funds and resources a chance to create a successful company, without the high costs of a traditional brick and mortar business.

There are a lot of benefits to start a home-based business and to work from home:

Timecodes
0:00 – Intro
2:20 – Benefits Of Starting A Home-Based Business
2:23 – #1 Less Risk
2:53 – #2 Greater Opportunities
3:42 – #3 Control
4:04 – #4 Flexibility
5:33 – #5 Cost Savings

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