Home Based Businesses

The book I read to research this post was Home Based Business For Dummies which is a very good book which I bought from Kobo. A home based business can often be a one person operation working from home often with a secretary although this book does look at things like franchises like Macdonalds which is highly sought and you have to put up $45,000 plus pay 12.5% commission on what you earn. Normally when you factor in the other expenses you won't have much change out of a $1 million. Many people do home work via freelance sites like http://elance.com and you have to shop around for the best deal. Some like http://fiverr.com don't pay very much but if you get lots of little jobs you can make a nice living. There is also social media sites to promote your business on and apart from the obvious ones try http://tribe.net & http://ecademy.com. One issue mentioned is having health insurance as if you become ill the business probably depends on you and you don't want to go on a long waiting list for an operation. There are some fairly reasonably priced franchises out there where you benefit from an established company. A lot of franchises and books about start up business ideas are quite frankly rip offs. Some of the best ideas are things like buying and selling especially on sites like Amazon & Ebay where in a lot of cases you can get something either very cheap or be given it and sell it for a substantial sum. Some businesses have had cash flow problems with that kind of business as some of the companies freeze all or part of the money you make in case there are any problems like returns. If you do buy and sell online it is probably an idea to diversify across several platforms and also have your own website to sell from. This book does cover a wide variety of subjects connected to running a home based business. Even things like pets and childcare. One major benefit of running your own business is if you have a real problem customer you can just choose not to accept their custom. I did really enjoy this book.