Starting a home based business is a very appealing prospect for many people. But do you really have what it takes to make a success of a home based venture? Working from home takes a lot more than just buying a new computer and finding a great business idea.For most people who leave the home to work every day their routine is set for them by a boss or supervisor. They are told when to begin work, when to stop and when to take a break during the day. There are no such constraints on the home worker most of the time. You can work the hours that suit you and if you feel like taking a day off on a whim you can.There is a flipside though. The home based business owner is the company, if they do not work in a consistent and dedicated manner the concern is bound to fail. Running a business from home actually takes a lot more self discipline, organization and dedication than is required for those who work outside the home. No one is standing over your shoulder cracking the whip so you have to be able to stay focused on the tasks at hand just by the force of your own willpower.The successful home based worker will set themselves a schedule, just like they may have once had when they worked outside the home, and stick to it. This does not mean that you have to work twelve hours a day, seven days a week (although most home businesses, especially in the beginning, do require an investment of time that is usually greater than the average 40 hour work week.) It simply means that you commit to invest a defined amount of time every day to growing and running your business.The Internet offers a wealth of free time management tools, tips and advice for the new home based worker and taking the time to read such information and act upon it is a free and worthwhile way to make sure that a home based career really is for you before you take the plunge.

Thousands of people have lost their jobs due to the global economic meltdown. Can you imagine the kind of financial pressures that they are going through after losing their jobs? You might ever be one of these unfortunate individuals. If so, then you can understand why this has made many people start searching Google and Yahoo looking to reverse their misfortunes by seeking relief through home based business opportunities.A home based business can only be advantageous and profitable when you put your mind, heart and soul into it. It is very important to identify your own skills so that you can do full justice to the business that you are going to start. Find something that you love doing and that fits your skill level and create a business around those attributes. Doing so can create the magic necessary to yield profitable results. You will need to fully research your proposed business to make sure that there is a potential market for your service or product that you plan to sell. Only then can you really begin to make plans for your new business.What makes a home based business advantageous? Here are a few of the best reasons.1. Freedom – You do not have to report to a boss and you can choose to work in convenient home surrounding. You get to work the way you want, avoiding traffic and daily commuting etc.2. You can make more money – With home based business opportunities, you get the liberty to keep all the money that you earn, with the exception of paying for expenses and taxes. However, keep in mind that as a business owner, you can deduct your business expenses from your taxes. This is not the case with conventional jobs where you will need to wait for your next raise as a result of performance appraisal or salary hike and not every thing associated with your job is tax deductible.3. Low startup costs – Hard work will generally always give good results as long as it is couple with working smart. Hence if you work hard and stay focused, there is no reason for you not to succeed in your business. The capital investment in a home business office is much less than that compared to the costs of setting up a conventional office. With proper planning, you can get started and pursue your dreams for very little startup cash expenditures.4. Unlimited opportunities – When you run a business on your own, you can add additional profit centers to increase your profits, however, remember to conduct a thorough research analysis of each profit center before adding it into your business. Your success will not be hindered by what a normal job supervisor might think, therefore, you will be free to pursue any business opportunity that you want.5. New learning opportunities – When you run a business, you will need to keep updating your knowledge in order to be successful. Your life will never be monotonous like it used to be with your daily work routines in your previous job.6. Tax advantage – Having a home based business will give you an opportunity to save on taxes. You can use a part of your house as your office and claim it as a deduction on your taxes. Plus, as noted above, you can now deduct all of your business expenses from your taxes. However, you will be wise to consult with an Accountant about these issues.7. Creativity – You can let your creativity flow freely without anybody discouraging you. Furthermore, nobody can take the credit for your hard work, like in a normal job.8. Time with family and friends – You get to spend a lot more quality time with your family and friends if you have a home based business.9. You become a leader – When your business grows, you will need to form a team or hire employees. They will look up to you for your expert guidance, supervision and support.10. Professional growth – You get to learn new concepts and business management skills everyday in your business as you take on new responsibilities which you might not have had to do in your previous job.This list of home business ownership benefits is not all inclusive. There are many other benefits that are to numerous to mention in this short article. However, from just the few benefits mentioned above, we can clearly see some of the basic benefits of home based business opportunities.

Owning your own home-based business is by and large a very rewarding, exciting endeavor. You can set your own schedule, and be where you want, when you want. You can oftentimes forego the commute to a “regular job” and save money on gas and other “niceties” that are expensive in the work-a-day world, such as lunches, parking fees, etc.There are unexpected pitfalls and disadvantages, though, in the owning and operating of a home-based business. Some are psychological, some are emotional, and others are purely physical. The unexpected stresses of a home-based business are really one of the major obstacles that need to be overcome by business owners. Many new business owners are unprepared for just how much stress is involved, actually.Home-based business stresses usually fall into three overall categories:1. Psychological : Employees, Finances, Legal, and Operations2. Emotional: Family, Friends, Change of Personal Routines, Personal Disruptions, Isolation3. Physical: Sedentary Lifestyle, Poor Eating Habits, OverworkMany business owners, in order to prevent the psychological stress will have plans in place for dealing with these particular stress factors, prior to their occurrence. This is a proactive approach that is infinitely better than having a reactive approach to these occurrences.Each business owner should have a financial plan in place for the times when orders or clients are few and far between (slow times), as well as a good accountant to call when necessary. Each business owner should also have a lawyer who they trust and can turn to for advice if necessary (we do live in a very litigious society). And each business owner should have a plan for sickness among employees and hiring and firing protocols firmly in place. Machinery and replacement of business supplies should also be well planned in advance, and purchased according to well laid out plans for expenditures.Leadership skills will need to be developed, as a new business owner who is used to being part of a team, will find working alone and “being in charge” a somewhat difficult transition at first. Books on leadership skills abound and it is a good idea to do readings on the development of these to proactively avoid the psychological stress that comes with this change in roles. Working alone and making decisions alone is quite different from the conformity and decisions made within a group.If a proactive approach is taken, the psychological stresses of a new business can easily be prevented, or at least lessened.The emotional stresses of a home-based business are usually a bit more difficult to ascertain and tackle when they occur. Some of these stress factors can come directly from well-meaning family and friends, unfortunately, and the approach is of course, much different. Since a home-based business is directly tied usually to the home life of an individual, there is less chance to escape these stresses, than with a traditional method of employment. A new birth in a family, a death of a loved one, illness, or simply a change of schedule of another family member, can greatly impact the daily workings and routine of a home-based business.In addition, family and friends may view the business owner as “being at their disposal” all day now, as the business owner is now “home” much of the time. These well meaning individuals may call or visit all the time, and also expect the business owner to take care of their needs before the needs of the business. This is simple human nature, but is very distracting for the business owner. The only way this can be successfully overcome is to make plans well ahead of time for any changes in routine, if possible, and adjust the schedule accordingly as the changes occur. Well meaning family and friends need to be told with certainty that there are “business hours” and “personal hours” and a business owner needs to remain firm in their resolve in regard to these issues.Stressing over emotional stress will just escalate an already stressful situation.Another unexpected emotional stress comes many times from the feeling of isolation and loneliness that business owners may experience. Business owners many times are unprepared for the time they now find they spend alone within the parameters of their home-based businesses. A home-based business owner, while relieved to leave the workforce, sometimes does not realize that the workforce provided social opportunities that are now missing from their lives. Many hours may be spent alone each day, which can lead to loneliness and even depression in some cases.The best approach to combating this type of isolation is to actively plan social opportunities. Planned outings with family and friends should be made regularly. Business owners may also join community groups that expose them to other business owners or others within the community. The local Chamber of Commerce and other volunteer groups are a great way to make connections for the business and also enhance the social experiences of business owners. No one can exist in a void, so the social aspects of a business can’t be ignored.Finally, owning and operating your own home-based business brings with it some purely physical stresses. Like most office jobs, a home-based business can lead to a more sedentary lifestyle, as owners may spend most of their days in the running of the business, either slumped in an office chair, or hunched over a computer, depending upon the requirements of the business. Because of the long hours involved in any business, business owners may also eat “on the run”, grabbing whatever is at their disposal, rather than planning meals, which compromises their nutrition. The sedentary lifestyle and bad eating habits can lead to weight gain and other physical ailments associated with poor eating habits and sedentary lifestyles: high cholesterol, lack of energy, loss of muscle tone, and a deficiency of vitamin D from being indoors more than usual.The sedentary lifestyle is the easiest however, of the stresses to avoid or to change. All it takes is a dedication to an exercise routine that includes some form of daily physical exercise, and an adherence to a diet that is well planned and nutritious. Just some planning is needed and some will power in order to stay focused on achieving physical activity daily and good nutrition. It would be beneficial, if at all possible, to join a gym or health club, as the physical and emotional stresses can be avoided by belonging to one, as a gym also provides social opportunities. Even a simple walk each day can increase exercise, exposure to sunlight, and create social opportunities.A tendency to do too much each day, is a syndrome many business owners fall prey to also. Overwork can leave anyone run down, and open to many diseases as the immune system becomes compromised. A business owner is of course, very excited and energetic about the business, which can lead into this syndrome of overwork. A schedule should be maintained to combat this syndrome, with set hours for “doing business” and set hours for “relaxation” included in each day. Trying to do too much all the time just leads business owners into a decrease of productivity, rather than an increase of productivity.As you can see, having a home-based business, while very rewarding in many ways, can have many deleterious effects on the physical, mental and emotional states of business owners. Many business owners fail to plan for these changes, and yet, if planning is done, the negative effects can be minimized to a great degree.If a business owner takes care of themselves and their own needs, overall, the business will also profit from this positive behavior! A happy, healthy business owner means a happy, healthy business!