When it comes to being self-employed and running your own home based business, the fact is that you will work longer hours than you ever did for your employer. However the main difference is that those who are self-employed are being paid for the work they really love to do. Every day more and more people decide to start their own home business, allowing them to take control of their lives and income. Flexibility is often a big influencing factor why people start their home based business. It is very important that they set their goals based on their expectations and desires. The goal you set for your business will play a major role in the business decision you make.
One of the main reasons why many choose self employment is for economic goals. Some want to increase their income and while there are risks associated with self employment the pay out is often worth it. Others use self employment as a means to replace earnings if they lose their jobs as a result of downsizing in their companies. Yet others choose self employment to augment family income when situations change in their households.
Another goal for many self employed individuals is retirement. Having...