‘Oh yes, I have heard this before.’

So have I. But the difference is that the reasons mentioned below also include a few that you have probably never heard before.

I will start with the most obvious ones and then progress to the ones which I feel are equally relevant but rarely spoken about.

1. Flexible work schedules: I hate it when I am expected to report for work at 8 in the morning because I know that I will have to wake up at 5 and then travel for 2 hours to reach office. But when I work from home, I set my work hours. I can work when I am at my productive best, be it 2 in the morning.

2. No More travel: I hate travelling in irritating traffic like every other human being on earth. Think about it. The only commute I will be making occasionally is from my study to the kitchen.

3. Me, my boss: If devil exists, then the honors go to your boss. Pesky, irritable, obnoxious, hypocrite, just the few words that I can think of to define most bosses. But now, I am my own boss.

4. My Family: For the first time, I can be there for my family like I always wanted to. I can watch my child take his first few steps, I can be there for his first ball game, I can be there to take them out for a movie. Isn’t that what we all cherish?

5. My Paycheck: I determine what I earn. For the first time, my paycheck is directly proportional to the amount of time and effort that I put in. The more, the better.

Now those were the most obvious ones that you may have heard a million times or more. Now here are some more.

6. Unlimited Potential: I have the ability to earn a million dollars and I am going to earn it for the best person possible, me! There is unlimited potential to earn in a work from home business.

7. Tax Benefits: You can deduct almost everything as business expenses and earn tax benefits when you are working from home. Something that was impossible in a regular corporate job.

8. No more politics: I hate being a sycophant and will never be one in my life. I am not a bluffer and hate being overtaken in my career by someone like that. Now, I don’t have to face that situation.

9. No overhead expenses: I don’t have to shell out a huge amount as investment for a fancy office with the works. I work from my study and I wear my boxers while I work.

10. Vacations when I feel like: Feel like taking a vacation? No leave? All in the past! Now, I take one when I feel like taking one.

11. Earn and let earn: In my business, I am not the only one who earns. I watch others earn with me and the feeling is amazing.

Owning a business is a novel experience which is far removed from working in a business or corporation. The state and work environment of Corporate America is based on fierce competition and leaves little scope for personal freedom or expression of real talent. The sole motive of any organization is the maximization of incoming profit and mitigation of expenditure. On these two basic principles the entire corporate world works. As the rat race takes its toll on people and exerts a profound influence on every aspect of an individual’s life, countless people have begun to look for alternatives.

The idea of entrepreneurship entails setting up of personal business in which the individual is the boss as well as the employee. The profits and the losses are entirely of person who establishes the commercial undertaking. This is an increasingly popular form of enterprise, which has found favor with many former employees or corporate houses. The long hours which are invariably involved in any job were a major detriment towards long term employee retention. Most workers have begun to look at ways in which the time they spend with their families may be enhanced. The commencement of a home based business is the basic step in this direction.

The advantages and benefits which are conferred by any such venture are not limited to time related rewards but go far beyond them. The first chief benefit relates to the independence which it affords in the entire decision making process. There is freedom to mold the business and its practice in any manner which suits the owner. Flexibility in timings and work load allow the entrepreneur to have time on hands. Then there is the sense of financial independence and an unlimited potential to supplement the income further. The mindset of the wealthy people is often erroneously regarded as averse to free form of business. The most successful individuals have all arisen from starting their own ventures and working hard to make them successful.

Such undertakings also offer the capability to be original and pursue the field of one’s choice. The unlimited potential gives the individual ability to enjoy working while getting sole recognition for the hard work which is actually put in. All these are able to make the job even more fulfilling than any other corporate based professional with a huge salary package but minimal time for self pursuits. Any business opportunity is capable of being turned into an extremely successful endeavor with long term gains with hard work and dedication. Like any other career, it is possible to succeed only when a whole hearted effort is made.

The advantages of an entrepreneur working for his own business far outweigh the beneficial standing of a worker with a corporate concern. For those who love freedom and personal initiative and wish to pursue a field which is interesting and unique, this is a perfect way to get started. Any small establishment has the potential of becoming the next big thing in the commercial world.

In a strict and increasingly fierce work environment, there is hardly any time available for personal life. As people wish to gain more qualitative time with their families, they are increasingly opting for home based entrepreneurship business which provides unmatched independence.

Every person dreams of having their own business. There are lots of innovative thinkers who dare to think the impossible and achieve it too. Over the years, business scenarios have undergone tremendous changes that are quite evident. People have come up with great novel business ideas that are not only creative but fruitful too. Today an economy needs such budding entrepreneurs in order to establish more and more business units which is not only beneficial to them but also helps in the growth and development of the economy as a whole.

Entrepreneurship is largely promoted by people who dare to think out of the box. Such entrepreneurs are self-driven and focused towards the accomplishment of their goals. Nowadays there is no dearth of business ideas. An entrepreneur is the one who conceives a business idea, generates resources and makes arrangements of finance and labor. An entrepreneur is self-employed who plays a major role in creating employment opportunities for other people as well.

Benefits to an Individual

Entrepreneurship plays a significant role in the growth and development of an individual. Some of the benefits offered are as follows:

• People who are self employed enjoy great pride in achieving success on their own. It gives a boost to their confidence and self-esteem. They are highly motivated which in turn push them to achieve great heights.
• Entrepreneurs are able to work as per their rules and regulations. They are their own boss and can enjoy the authority to take independent decisions.
• Entrepreneurs are able to generate wealth for themselves which can take many years while working as an employee for other people.
• A person who works continuously for eight to ten hours a day feels tired and exhausted after the day’s work. It increases their fatigue level which in turn affects their productivity and efficiency in the long run. An entrepreneur is free to choose his working hours as he is the boss and nobody is entitled to question his decision.
• Due to flexible work hours, an entrepreneur has ample time at his disposal. He is therefore able to devote a considerable amount of time to his family and friends. During his spare time, he can even indulge himself in certain recreational activities like sports, movies or hobby classes in order to relax and rejuvenate.
• An entrepreneur enjoys greater profits which in turn keeps him going and motivates him to perform better.

Benefits to an Economy

Entrepreneurship is a great way to develop an economy. Some of the benefits offered to the economy as a whole are as follows:

• Unemployment is the biggest challenge for any economy. Entrepreneurship helps in providing an opportunity to people to get self employed. Apart from this it also plays a major role in the eradication of unemployment by creating employment opportunities for people at various levels.
• It facilitates the government to fill their coffers with the taxes that are generated from the entrepreneurship undertakings which in turn helps them to generate more revenues.

Entrepreneurship is an essential component of any economy. Entrepreneurship is a concept that is triggered by the growing urge among people to have their own business. An economy completely supports this proposition as it not only benefits an individual but the society at large.