Is a Home-Based Business Right for You?

The reasons for choosing to base your business out of your home typically revolve around three issues: reducing the cost for office space, having more time for interaction with the family, and eliminating the commute. Another consideration is convenience. Convenience is a biggie; for me. Based on your personality and self-discipline, however, convenience can be a two-edged sword..Even though people often start a home-based business to have more time with their family, the very convenience of having an office down the hall frequently works against that goal. It’s just too easy to have dinner with the family, then slip back to the office to do a little more work.

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Encore Entrepreneurs

Encore entrepreneur is a term that has come into use only recently. It denotes men and women who start a business in their 50s, 60s, and 70s as an encore to a previous career. According to the Census Bureau and the Small Business Administration, these encore entrepreneurs currently launch more than half of the 400,000 business startups each year in the U.S.

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