Starting your own cleaning business – especially with the ease of the Internet – could be one of the best decisions you ever make. Creating the time and financial freedom you’ve always wanted could be just one choice away.
So what could your own home based business mean for you and your life? Below are just a few examples.
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-based business may be the right decision for you.
- 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-based business are your newfound freedom and the retrieval of lost time. The average American spends 348 hours each year commuting, according to the U.S. Federal Highway Administration. Suddenly with a home-based business, you have those extra hours to regain control of your personal life. Plus, there are no bosses, no dress code, no set work schedule, and no office politics to maneuver. All you need is personal drive, discipline, and time-management skills.
- 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-based enterprise means you can create your own income-producing opportunities. Good job prospects can be scarce in some industries, and promotional opportunities within major companies are also shrinking.
– via AllBusiness.com
Moving beyond the expectations of extra income and a looser schedule, there are some logistical benefits to a home business that many don’t often take into consideration.
For example, if you want to double your cleaning business revenue, all you have to do is find the clients rather than dealing with the red tape and delays of working for a larger organization.
The Ability to Scale Up or Scale Down Quickly
When you rent or own office space, the size of your business is fixed to the size of the space. In the event where downsizing makes sense, you may not be able to do so quickly if you are signed to a long-term lease. Working from your home allows you to hire more people or fewer people, or simply work longer or shorter hours to right-size your business operations.
Deduction of Home Costs on Income Taxes
The tax benefits of operating a home office can be lucrative. If your situation qualifies, you can deduct a portion of your home’s expenses, such as mortgage interest, property taxes, utilities and repairs and maintenance, against your business income. To qualify, your home office must be your principal place of business and you can only deduct the proportionate amounts of the total expense which are directly related to your business.
The Bottom Line
Starting a business from your home allows you many freedoms and flexibilities to grow your business at your own pace. It also saves money on many fronts, which helps during the often-lean start up years.
– via Investopedia
Are you ready to make your own home business dreams a reality? What kinds of changes could a successful business make for your life?