Top 5 Benefits of

Stay-at-Home Businesses

"I know the price of success: dedication, hard work and an unremitting devotion to the things you want to see happen."

 

-Frank Lloyd Wright

In an age of employment uncertainty, more and more people are leaving behind the nine-to-five and heading to work for themselves. These entrepreneurial-minded individuals are often driven to overcome great obstacles to find a way to be their own bosses.

 

If you are considering joining their ranks and starting a business, there are several benefits you can enjoy as a result:

  • autonomy

  • purpose

  • mastery

  • new opportunities

  • tax benefits

Autonomy

Many entrepreneurs choose to go into business for themselves for the autonomy. If you start a work-at-home business, you will be able to set your own schedule based on your personal and professional priorities, all while developing your own ideas. You won't answer to a boss who tells you when to work and how much you can make. This means your income potential is unlimited. It also means that you can't be fired, so job insecurity becomes a thing of the past.

 

Purpose 

When you choose your own business, you can choose a business that has a purpose. If you work with enterprise management software for the medical field, for instance, you will be making a difference in the field of medicine by improving healthcare systems. A medical billing business will streamline the billing process for medical facilities, helping them lower overhead and provide better care for patients. WIth the right business, you can wake up every day knowing your work will make a difference in the lives of others.

 

Mastery

When you work for yourself, your rewards are tied directly to your success. Choose a business that rewards you for mastery. Remember, no one is holding you back when you are your own boss, so create a business model that grows with you as you learn.

 

Multiple opportunities

The digital age means that those who want to stay at home and still make income have multiple opportunities. You can now build an at-home business with medical billing services using enterprise management software, but there are many other avenues to consider as well. People work from home as photographers, freelance writers, medical coding professionals, transcriptions and web designers. If you can do it using a computer and telephone, you can probably do it from home.
 

Tax benefits

When you work from home, you can write off a portion of your utility bills and homeownership expenses on your taxes. You can also claim all purchases you make that go toward your business. If your business requires you to drive, you can write off mileage as well. You may even be able to deduct the expenses for your family's health insurance, according to Chron.com. Some of these expenses are not deductible if you are working for someone else.

Working from home takes all of the limits away from your career. You will be the only one holding yourself back, or fueling your own success. The digital age puts multiple opportunities at your fingertips. All you need to do is embrace them and grow your new business.