1 Working from or at home is the fastest growing small business sector in Australia
Home based businesses are growing by 16 percent a year and it is estimated that between 750,000 and 1,000,000 Australians use their home in some capacity to earn an income.
Among the main attractions are independence and flexibility, not to mention low overheads.
And it seems like everyone wants to do it Ė from architects to engineers, bridal planners to pet minders, graphic artists to web designers.
Women in particular have fuelled the boom in home businesses as they seize the opportunity to be in close proximity to their children as they grow.
Barriers to growth for typical home businesses
2 Home Based
Working at home can hardly be called a new phenomenon. For centuries, in nearly every culture, people worked out of their homes. It has only been in the last century or so that society moved from an almost totally self-employed, at home work force to a highly industrialised force, involving both specialisation and centralisation.
Within the past decade, however, a significant and increasing number of people have chosen to earn their livelihoods working at home. Letís examine this trend that appears to be gaining sufficient momentum to warrant being termed a social movement.
As society became more of an urban, industrial society, earning money from home became an uncommon way to earn a living. Home business ventures were usually limited to people making supplemental money from hobbies such as woodworking or needlecrafts or earning some extra money in oneís spare time by doing side jobs such as ironing, alterations, baby sitting, or house painting. Working from home was no longer looked on as a legitimate way of earning a living.
3 Rebirth of Home Business
Traditionally these home businesses were the woman who took in sewing or ironing, the man who made wooden toys and furniture in his spare time, the baby-sitters, quiltmakers and craftspeople who supplied all their neighbours with handmade gifts.
Currently, home based businesses encompass much, much more. Changes have occurred in our society and in the way people think of home businesses that have broadly expanded the types of businesses that are now run from home. The massive growth of computers in businesses, the emphasis in our economy on services and information, and the rising costs of office space, fuel and corporate overhead have all contributed to the change.
However, the single most important aspect that has increased the range of home businesses is change in attitude.
The spectrum of home business people is ever broadening. Through alternate work site programs, many corporations now have employees who telecommute, working at least part of the time on computer terminals in their homes. Entrepreneurs are running tutoring services, maid services, and a wide range of secretarial services from their homes. Shopping and wardrobe consultants, caterers, writers, accountants, and real estate agents are all working from home. Even professionals such as business consultants, lawyers, engineers and psychologists are working from home. In fact, the demographics of the people involved in working at home seem to be as divergent as the demographics found in the population at large.
4 Factors Affecting Growth of Home Businesses
5 Advantages of a Home Based Business
6 Disadvantages of a Home Based Business
7 Process of Setting Up