6 Misconceptions About Home-Based Businesses (and Why They Shouldn’t Deter You)

 

home business

Of the nearly 28 million small businesses in the United States, about half are classified as home-based enterprises. Each started as somebody’s dream and later became a thriving business.

Thinking of starting your own home-based business? Don’t let these six common misconceptions dissuade you.

1. It has to be a full-time operation. Starting a business doesn’t mean you need to quit your income-producing day job. Some home-based businesses start as a hobby, and some have owners who work another job until their company grows. Start small and, when your business is large enough to provide you with a steady income, turn it into a full-time endeavor (if that’s your goal).

2. You need a lot of cash. It’s true that some businesses require a lot of startup capital, but others need only a few hundred dollars. Consulting and service-oriented startups require very little capital, for example. If you’re planning to start a home-based business, don’t assume that you don’t have enough money. A little research should

Read more: http://blog.intuit.com/money/6-misconceptions-about-home-based-businesses-and-why-they-shouldnt-deter-you/#ixzz2BZYetiey

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