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The home Based Business Huge increase Is Upon Us!

INTRODUCTION

Perhaps I should start with asking the question “What is a Home based business? This is any business handled from the comfort of the residential home of the owner.

The next question is who is a Home based business owner? This refers to directing his own course time management who decides to run his business from the comfort of his home.

I decided to clarify these terms because there is a huge difference between a Home based business owner and a Home worker who might be working with a government/private organization but decides to be working from home a few times during the week.

Advancement of Home based business

Many businesses handled from home usually start as a Very fine or Small Enterprise. Some eventually metamorphose into Medium Scale Enterprise among others eventually grow into quite large companies.

The desire by Entrepreneurs to start operating businesses from home actually started in the 1980s. During this period, a lot of things combined to precipitate this massive desire by visitors to own home based businesses.

However, the combination of many factors like socio- economic change, improved technology and new management thinking resulted in loosing otherwise permanent paid employment and this encouraged people to try and revalidate their freedom by opting to set up a business at home.

The advent of new management thinking and concepts like downsizing to make an institution Lean and more agile and efficient created fears in the mind of the average worker

So mass lay- offs helped create the right environment for some workers to go it alone and set up a Home based business.

The period lately 1990 to 2010 can be appropriately called the period of massive huge increase in the establishment of businesses at home. The use of Computer, Internet and Mobile Technology helped in the growth of this idea.

I strongly believe the idea of setting up business at home will continue to be positive and will remain so for a long time.

The continued upsurge in the desire of people to own businesses has attracted the attention of Universities and other higher institutions. They have responded by introducing different courses and programs on Entrepreneurial studies to appeal to these needs.

Unlike earlier belief that businesses run from home are not well managed and don’t make good money, the present situation is that many Entrepreneurs motivated to set up business at home will have college degrees including a lot of advanced professionals with business exposure.

The entrepreneurial spirit is inborn in all of us and we just need to be adequately motivated to take the mandatory action.

It is really an exciting world out there.

THE HOME BASED BUSINESS HUGE INCREASE

As previously stated, though the crave for running businesses from home started which were found in the 1980s, exactly what do be named the huge increase of this way of working was between the late 1990s and the first decade of the new millennium. (2010+)

This coincided with the time when the setting up of a Home based business became a Fad. According to Mr Lewis of the National Association of Home based Businesses, Home based business in the united states grew from about 6 million in 1984 to 1 million by 2007.

With the help of modern technology like computers, mobile phones, printers and the huge power of the internet, more work is being done virtually than any other time and more global businesses are routinely being run from home.

According to the 2012 TREASURE report, 69 percent of American entrepreneurs start their business at home from either a spare room in the house, the dining table or from the garage. The report further revealed that more than 50 percent of entrepreneurs continue to operate from home despite if the business has brought off successfully and sits firmly.

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