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What the media says
Research from Direct Line for Business found that eight million people in the UK
are operating as an 'online business from home', either reselling goods for a profit
or making their own products to sell.
The study underlines the extent to which Britons have turned to the likes of eBay to make a living or supplement earnings from their day job.
The top 5pc of private sellers on eBay, the research suggests, are making an annual turnover of £18,094.
As corporate downsizing continues to make news and the Internet makes telecommuting
ever more productive, more and more entrepreneurs are discovering the benefits of
running businesses out of their homes. If you are looking to get out of the rat race,
to spend more time with family and friends, and to live a more balanced life, a home-
Here are 10 reasons why it pays to work at home:
Personal freedom. If you're used to spending hours in traffic to and from work every
day, some of the most exciting advantages to starting a home-
You get to keep the money you make. It’s a simple principle: the harder you work,
the more money you can make. Your earning potential is directly proportional to your
performance, so you don’t have to wait for a raise or a promotion. You work harder,
and you produce more. You'll also save money on gas and food. Preparing lunch at
home is more cost efficient and offers a nice break in your workday.
Increased opportunity. With so many corporations and industries in a slump, starting
your own home-
Less risk. Running a business from home takes much less startup cash than a freestanding
business, or even a franchise location. And once your business is up and running,
it's cheaper and easier to maintain than a separate business location.
There are a number of tax advantages to having your home and office
under one roof. You can deduct a part of your home's operating and depreciation expenses
on your home as business expenses. This can be a percentage of your mortgage, property
taxes, insurance, utilities, and/or the expenses of household maintenance.
More time for friends and family. This is especially important for parents of school-
Less stress. It's a little less stressful to juggle the demands of work and family
when you know you can stay home to care for a sick child and generally set your own
Opportunities for professional growth. Being your own boss gives you the chance to
wear a lot of hats: sales director, marketing professional, strategist, business
development manager, and more. This gives you insight into and experience with all
the aspects of running a business, which, in turn, makes you even more marketable.
Increased productivity. Now that you no longer have to budget time and energy for
commuting or a succession of useless meetings, you should have a lot more time and
energy to make your business a success.
A creative outlet. Launching your home-
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