Advantages of Small-Business Ownership

The Benefits of a Home-Based Business

• The commute is nonexistent.
• You can multitask.
• You have more control over your schedule.
• You don’t have to pay rent.
• There are tax benefits.
• The startup cost is lower.
• There are no office politics.
• You are a role model.

There are a number of aspects to running a home business that draw people to it, particularly when it comes to saving money on expenses and taxes.

• No Commuting.
• Lower Overhead.
• Income Tax Advantages.
• Family Time.
• It’s Not Allowed in Some Areas.
• It Might Not Work for You.
• Isolation.
• Interferes With Family Life.

• Independence. Entrepreneurs are their own bosses.
• Financial gain. Entrepreneurship offers a greater possibility of achieving significant financial rewards than working for someone else.
• Control.
• Prestige.
• Equity.
• Opportunity.

The ease of working out of the home allows home-based entrepreneurs more time to spend on their business. Operating a small business out of the home is more profitable, generating an average net income of 36% of total receipts compared to only 21% of small business who rent an office or retail space.

Service-based home business ideas include:

• House cleaning.
• Freelance writing.
• Personal training.
• Virtual assistance.
• Dog walking.
• Marketing.
• Designing.

Here are 40 of the best home business ideas to consider:

1. Freelance writer. If you’re a great writer, then you could make a great freelance writer.
2. Virtual assistant.
3. Researcher and fact-checker.
4. Social media manager.
5. Blogger and affiliate marketer.
6. Freelance designer.
7. Freelance coder.
8. Online thrifter.

60 UK home business ideas for 2019

• Website consultant. These days it’s rare for a business not to have a website.
• Upholstery/furniture repair.
• Medical billing.
• Herb farming.
• Voice over.
• Babysitting.
• Bed & breakfast.
• Car cleaning.

20 Cheap Businesses You Can Start in Your Spare Time

1. Sales Consultant. Avon, Mary Kay, Pampered Chef, and Tupperware all enlist the help of local sales representatives to get the word out to shoppers about their products.
2. Lawn care.
3. Homemade gourmet foods.
4. Babysitting.
5. Cleaning services.
6. Catering.
7. Errands.
8. Handyman.

If you want to start a low-cost business, these 25 ideas will help inspire your entrepreneurial passion.

• Content creation.
• Personal or virtual assistant.
• Event planning services.
• Errand/concierge service.
• Professional reviewer.
• Social media consultant.
• Etsy shop.
• Online courses and tutoring.