Chapter 4
Starting a Home-Based Business
IN THIS CHAPTER
Understanding the basics of home-based businesses
Looking at the pros and cons of having a home-based business
Deciding whether you’re ready for a home-based business
Beginning your business from nothing
Making the transition
There are nearly 30 million businesses in the United States today. Of these businesses, 99.7 percent are small businesses (which the government defines as businesses with fewer than 500 employees). Of these, a little more than half — 52 percent — are home-based businesses. Now that’s a lot of home-based businesses!
Owning your own home-based business may be the most rewarding experience of your entire life — and not just in a financial sense (although many home-based businesspeople find the financial rewards to be significant). Having your own home-based business is also rewarding in the sense of doing the work you love and having control over your own life.
Of course, every great journey begins with the ...
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