With retirements going down the drain due to the ups and downs of our stock market and corporate layoffs on the rise, many people are beating the bad economy by starting home based businesses.
This popular trend is attracting both men and women of all ages throughout our country. Those who have come out ahead say the key to their success is passion! Whether your goal is to have your home-based business primary or supplemental, you must be passionate about what you are doing to succeed.
If you are skeptical that a home-based business will truly generate income, check out the winner of the Start Up Nation's 2008 Home-Based 100 Best in the Financial Performers category: a Berkeley, Calif., company called Fetch! Pet Care, which has seen revenue more than double in 2008, to more than $4.5 million. The owner left the corporate world for the lucrative field of pet-sitting and now oversees 200 franchises that offer loving, professional, in-home overnight and daily care for any kind of pet.
Fun Photo Guys, the winner in the Greenest category, used their passion for going green, to start their business which offers eco-friendly digital photography services. The business promotes green business and is focused on influencing other business owners and creating a better world for the our generation.
A home-based business can also help a cause, just like the one Karen Conroy created for cancer awareness called Fundraising for a Cause, which sells cancer-awareness items in bulk so they can be resold at higher prices and the profits then donated to cancer research.
Lee Lonzo followed his passion by helping freshmen transition into high school more smoothly. This is known to be one of the most vulnerable times for students, and causes many to drop out. He created his Kick-Off Program in 2001 and has helped more than 100,000 students already.
With the corporate world slowing down, the home-based business trend has shown no signs of decline. It also has many benefits! Your home is now your office and you will be saving money. You have one big giant tax deduction sitting in front of you. You will be able to deduct part of your mortgage, tax bill, utilities, office equipment, and anything you buy pertaining to your business. If you this is your full-time business, you will be saving money on commuting and a new business wardrobe. If take the money you are saving and put it into your home mortgage, before long you may be debt free. It is always important to consult a tax specialist to get the most out of your deductions.
It is time to dust off that sewing machine, pull out your scrap-booking materials, and figure out what your are passionate about! You may be the winner of the 2009 Home-Based 100 Best Business awards.
Need a new house with an office or an extra room for your new business? Call the Move with Marla Team today for assistance in buying or selling property in Wilmette or any North Shore property.
Comments(0)