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