Home-based businesses are quickly becoming the fastest growing form of business start-ups. Growing your company out of your home allows for flexibility that is difficult when renting or buying office and warehouse space. Although working at home requires self-discipline, the benefits can be substantial.
Americans spend an average of almost 50 minutes a day commuting to and from their offices. One of the best benefits of working in a home office is that commuting involves no more than a few steps to the spare room or the basement. I can work from my phone or tablet which allows me to be able to work from the ski slopes, while I taxi my children, or even while I am shopping! This allows me more time for revenue-producing activities.
The tax benefits of operating a home office can be lucrative. If your situation qualifies, you can deduct a portion of your home’s expenses, such as mortgage interest, property taxes, utilities and repairs and maintenance, against your business income. To qualify, your home office must be your principal place of business and you can only deduct the proportionate amounts of the total expense which are directly related to your business. Although you cannot create a loss with your home office expenses, you can carry them forward to future tax years if you do not have enough business income to use them up in the current year.
Being able to work at night or first thing in the morning is a great boon for those entrepreneurs who are juggling children or other obligations. Again, mobile phones and email allow you to interact with your customers at any time of the day or night. You can more easily accommodate customers in different time zones and kids’ school schedules.
Starting a business from your home allows you many freedoms and flexibilities to grow your business at your own pace. It also saves money on many fronts. All of this while allowing you more freedom to be with your family and more financial freedom.
Network marketing has provided me and my family incredible opportunities of financial growth and, even though my children are maturing quickly, we are able to have more family time. In fact, we are celebrating New Year’s Eve today by skiing together on a gorgeous, sunny day in Park City, Utah.
Wishing all of you a healthy and prosperous New Year! See you in 2016!
healthmogul 
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