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The work at home phenomenon is increasing daily as people realize the benefits of starting either a part-time or full time home based business. The Internet and new technology is enabling people who want to, the ability to make money without the need of a regular job.
The benefits of working at home for yourself are many and each individual will look for their own benefits when starting their new venture. The benefits are definitely there for those that wish to take advantage of them and put some extra (or a lot) cash in their pocket.
In my opinion, these are the 3 top benefits of working at home:
Benefit #1 – Taxes
Are you aware of all the tax advantages of operating a home business? Most people I talk to are not. There are quite a number of things you can do to minimize your income taxes if you have a home based business. Now, I'm in Canada, so you'll have to do some checking in your own country's tax codes to see all you can deduct.
Everything you use in the running and promotion of your home business could be deductible, so keep organized records and receipts for everything. Organized records will save you time and keep taxes to a minimum.
If you have an office in your home (or just a desk in a corner) designated for your business activities, a portion of your mortgage/rent can be written of as expenses. If your vehicle is used in the running of your business, even part-time, you can use the expenses to lower your tax bill.
Just sit down and talk with your accountant, they should be able to tell you how to set up your home based business to minimize your income tax bill. A home business is a good tax strategy for most home business owners, use it to your advantage.
Benefit #2 – Time
When you work at a job for someone else, your time doesn't belong to you. You have to be at work at certain times everyday no matter what. Your chained to your job day after day as your life passes away.
Time to me is more valuable then money. Once time is gone, its gone forever, whereas, you can always make more money. Missing out on the important things in life because you have to work is heartbreaking for some people.
A home based business can give you your time back. Even if its just a part-time business at the start, the extra money you make can allow you to take time off your regular job to enjoy the important moments in your life.
A business at home gives you flexibility of time as well, you can set your own work schedule to fix around your time constraints. If you work full time from home you can work any hours you want, you have complete flexibility.
Benefit #3– Freedom
Working at home in your own business venture can give you an immense feeling of being free. The extra money your making takes the edge of the stress of making ends meet and gives you some money you can enjoy. You can go out when you want, maybe pay of bills faster, buy a nicer car or home, freedom to live on your terms. You may even put money aside to start a retirement nest egg...finally!
If you work your home-based business full time you'll basically have the freedom to do as you please anytime you please. You can scale your home business up to earn you as much money as your ambition dictates, you have complete freedom to decide.
The benefits of working at home are more numerous then can be written in a single article. The benefits you seek may be completely different from the three written about, but they're there for you to take advantage of and enjoy.
If you giving some serious thought to working at home for yourself, do it. You'll discover benefits everyday that will fuel you forward to make your home business venture a success. Invest in yourself and invest in all the Internet marketing training you can, because it will only help make your more successful, as well as, profitable.
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