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The home Based Business Exploding market Is Upon Us!

INTRODUCTION

Perhaps I will begin by asking the question “What is a Home based business? This is any business managed from the comfort of the residential home of the owner.

The next question is who is a Home based business owner? This refers to operator who decides to run his business from the comfort of his home.

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

Development of Home based business

Many businesses managed from home usually start as a Tiny or Small Enterprise. Some eventually metamorphose into Medium Scale Enterprise yet others eventually grow into quite large companies.

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

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

The advent of new management thinking and ideas like downsizing to make a corporation 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 time scale recently 1990 to 2010 can be appropriately termed the time scale of massive exploding market 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 men and women 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 plan for these needs.

Unlike earlier belief that businesses run from home are not well managed , nor make good money, the present situation is that many Entrepreneurs motivated to set up business at home are in possession of college degrees including a lot of active professionals with business exposure.

The entrepreneurial spirit is natural in all of us and we only have to be adequately motivated to take the required action.

It is certainly an exciting world out there.

THE HOME BASED BUSINESS EXPLODING MARKET

As mentioned previously, though the crave for running businesses from home started made use of in the 1980s, so what can be classified as the exploding market of this way of performing 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 12 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 previously and more global businesses are routinely being run from home.

According to the 2012 DIAMOND report, 69 percent of American entrepreneurs start their business at home from the spare room in the house, the home or from the garage. The report further revealed that more than 50 percent of entrepreneurs continue to operate from home even with the business has had off successfully and stable.

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