You are not alone! Over 60% of people in unsatisfying jobs have spent time during COVID-19 learning about business opportunities that they can start.
The Most Common reason for starting a business of your own.... "Being Your own Boss", so you can set your own schedule and make your own decisions
A Brave New World - Millenials and GenZ are almost 200% more inclined to want to start their own business that they are passionate about.
It's never been easier to start and build a successful business that meets a meaningful market demand. People have to want what you are offering.
There are many benefits to starting a business from home:
You can avoid overhead costs like rent for commercial office space, phone systems, and other vital services by using the services and space you already have.
You can put in the work whenever you feel motivated and inspired when you are your own boss.
In exchange for the time you would normally be stuck in traffic, eliminating a commute allows you to be more productive.
Business owners who operate from home can save money and maximize their tax returns by taking advantage of home office tax deductions.
Working from home can also have some disadvantages:
When you live and work in the same space, it can be hard to distinguish between work and life.
In a residential area, your neighbours may not appreciate your entrepreneurial spirit. If you are going to be receiving clients or operating loud machinery, it may cause a rift between you and your neighbors.
You might not be able to operate your business from home. You're limited to the amount of space you have, and working from the garage can get old fast.
But... there are challenges to starting a business from home:
Space - make sure you have enough of the right kind of space to do your work effectively
Interruptions and distractions are a given. Setting out a schedule is helpful for everyone to know what to expect.
Running a business has many highs and lows. Be prepared with an effective self motivation support system
Legal, bylaw, zoning etc. can be factors as well. Make sure you do your homework
Seek out a good support system either in training, mentoring or social networks because isolation is a big deal when working on your own.
Finances are all up to you. Every decision is yours but hey, that's the whole point right?
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