Many people feel the pull towards entrepreneurship, but they imagine that going into business means investing a lot of money into a company office and hiring employees. In reality, most entrepreneurs these days run a successful internet home business without a lot of costs, and without having to share the profits with anyone else.
Statistics are relevant:
- 69% of start-ups are home-based businesses,
- 70% of home-based start-ups are successful, compared to only 30% of traditional business models;
- 59% of businesses continue to be operated from home even after they become established and successful.These numbers are significant for the paradigm shift in the mindset of new entrepreneurs. They no longer think in terms of large investments, complex organizational charts and expensive headquarters. What entrepreneurs need to start a business is their specific skills, talents and abilities, a computer with a high-speed internet connection and a comfortable home office.
Need more reasons to start running your own internet home-based business? We prepared a compelling and comprehensive list:
1. Minimum Up-Front Investment and Immediate Revenues
Typical businesses are advised to be prepared with at least 6 months’ worth of budget to support itself before it generates any revenues. An internet home-based business needs only minimum investment for registering a domain name, hosting services, and building an e-commerce website. Once your website is up and running, and you start implementing social media and email marketing strategies, your online business will start bringing you money.2. You Will Love Your Work
A well-known quote states “choose a job you love, and you will never have to work a day in your life”. When you decide to open an internet home business, you turn your hobby into a career and you will work on tasks and projects you are good at and passionate about. This is the ultimate career perk for everyone – doing something they enjoy and which brings them personal and professional satisfaction.3. There Is No Age Limit for Getting into Business
With traditional businesses, your age is a serious limitation, especially when it comes to obtaining funding for your ideas. Banks tend to be very circumspect about giving loans to people after they reach a certain age. Home-based businesses prove that age is just a number when it comes to entrepreneurship. A lot of people enjoy a rewarding activity during their golden years and bring more value to each day through their work and success.4. You Can Enjoy a Balanced Family/Work Life
As a home-based entrepreneur, you can plan each day as you wish. You do not have to send your children to the daycare and you do not have to neglect your professional activity, either. This freedom and flexibility in planning their time is the main reason for many people to choose running an internet home business. They do not wish to be absent parents, but at the same time they want to enjoy financial stability and provide for their families.5. There Is No Limit to Your Potential Revenues
Employees have to make do with their salary and other benefits and… that’s it. Once a year you may be eligible for a raise and a bonus or two, but nothing more. Given the conditions of your contract with the employer, you may be legally prevented from getting involved in other projects and business operations (but even if you weren’t prevented, you do not have the time and energy for it at the end of the day). As an entrepreneur, there are no such limitations. Your revenues depend entirely on your skills and your efforts of promoting your business and attracting more customers.These are the top five reasons why you should consider opening an internet home business. If you have even the smallest entrepreneurship spark inside you, these reasons should be more than sufficient to help you make your mind up.