ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Real Home Business Information

Updated on February 29, 2020

The image of running a business from the comfort of your own home, wearing your pj’s and your bunny slippers are pretty sweet. Every year millions of dollars are spent on every fad home business you could ever imagine. There is even a business model out there for selling the business model to others so they can sell it to other people!

Some of the benefits of being a business owner, beyond complete freedom from the 'corporate rat race' include:

  • · You set your own hours
  • · You make all the rules
  • · You choose what your company does and does not carry, advocate, buy or sell.
  • · You have all the hiring and firing privileges (so long as you live in a right-to-work state.)
  • · Depending on the type of business you run, people may fall over hand and foot to assist you, give you products or give discounts.
  • · Wholesaler discounts!
  • · Potential for profits which go all to you, after taxes and supply and all that.

Of course, as a business owner you will see an entirely different side of the economy. Even though consumers spend billions of dollars every year that does not mean people will spend money on things YOU provide. With that in mind, let’s look at some of the negative attributes of owning a business:

  • · Unless you’re starting a business with some brand new, world shatteringly amazing invention or product, chances are it will take a long time for your business to boom.
  • · The old saying goes, to make money you’ve got to spend money. Advertising, stock, employee wages, equipment (like a computer, for instance) and various other necessary office items are all going to cost you money. Some of this will happen even before you start your business!
  • · If your business flops, you’ve lost money and valuable time, and your credit could be adversely affected.
  • · Health risks – Stress and anxiety over your new business can cause other health problems and raise your risk of high blood pressure and heart attack.
  • · Diminished home life – Your marriage, children, pets and even your recliner in front of the tv are all going to see less of you, especially during the beginning of your business venture. This is a situation that your family must be prepared for, and you too.
  • · Taxes for businesses are difficult!

None of this should dissuade you from shooting for your dreams. If you want to start your own home business, go into it with research and prepared for the worst. Have all your financial ducks in a row, this means paying off your credit cards and all that.

Owning your own business can be rewarding, or taxing, depending on how badly you want it. For more information, see the links below.

SAHM Talks about frustration

A final word

It would be wrong to tell you that an online business is flawless, automatic or simple. Like any business, there are real and unavoidable risks involved, but choosing a business plan which fits your interests and goals, budget and time allotment is a great first step. As a business owner, working from home provides you both benefits and prospective troubles, so prepare yourself accordingly.

Comments

    0 of 8192 characters used
    Post Comment
    • truthfornow profile image

      Marie Hurt 

      8 years ago from New Orleans, LA

      Having your own business is a lot of work, so you give good advice on keeping your perspective and taking into account all that is involved. I would say STRESS is the number one negative thing!

    • Lissie profile image

      Elisabeth Sowerbutts 

      12 years ago from New Zealand

      I worked for a small business am I was felt sorry for the owner - we were sure to get paid but he was never sure on whether he was going to get a profit

    • tbartle profile image

      tbartle 

      12 years ago from Missoula, Montana

      I've got a home business I guess, but I don't sell products. I sell myself. ;) I'm a freelance writer. It cuts down a lot of costs. It also means that there is less chance of failure (at least when compared to selling some product.)

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://maven.io/company/pages/privacy

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)