HOMEBASED BUSINESS, WORK FROM HOME

3 Key Concerns For Homebased Business In 2022

Concerns For Homebased Business
3 Key Concerns For Homebased Business In 2022

The Homebased Business Sector Is Growing!

Although homebased business is growing quickly in the U.S, there are three key concerns for homebased business growth as gainful employment.

Disclaimer: I am an Amazon Associate; therefore, this post may contain affiliate links for me to earn a commission. RuralMoney.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

In the coming year, key factors are needed to generate even more homebased employment that have received little attention.

These three concerns for homebased business are as follows:

Potential For Growth

Viability

Sustainability

1. Reasons For Potential Growth

  • Dissatisfaction with mainstream employment;
  • Unemployment, layoff or redundancy due to corporate down-sizing, restructuring, industry, work reform creating an available labor supply;
  • Increased outsourcing or subcontracting by larger companies and government bodies;
  • Change in societal values regarding lifestyle, freedom, independence and flexibility in time commitments, increased time for family commitments and home responsibilities;
  • Increase in availability and affordability of information and communication technology for use in the home-based business and telecommuting;
  • Increasing number of women participating in the workforce;
  • Increase in the level of education of the workforce;
  • And growth in the services sector in competitive markets, which is suited by the structure of small businesses, and the associated decline in manufacturing and resource based activities.

Related Post>> 30 Rural Counties In Metro Atlanta For A Better Lifestyle

2. Measurements Of Viability

The factors identified as influencing concerns for home-based business viability are gender, family responsibilities, financing, government regulations, technology, business expenses, proportion of expenses spent on labor, hours worked, degree of formal planning, outsourcing or sub-contracting, age of business, industry sector, household location, usefulness of networking organizations, owner self-funded super coverage, bartering, similarity of previous work experience, sales and employment.

3. Potential Sustainability

Government studies show that self-employment is a major feature of the homebased business sector.

However, there are varying views on the employment aspirations and potential of home-based business.

While some studies suggest that there is untapped growth and job potential in the homebased business sector, there is also a proportion of the sector that has no intention of growing or expanding their business beyond certain limits.

Therefore, there is a need for increased research of factors affecting the sustainability potential.

Also Read>> 105 Homebased Businesses That Don’t Require Specialized Skills

Summary Of Concerns For Homebased Business Factors Identified

It is the growing insecurity of livelihoods, rather than unrealized ambitions for entrepreneurship, which lies at the heart of much micro-businesses.

Another major concern is how households turn to some form of small enterprise as all or part of their livelihood to maintain themselves in a changing economic environment.

At the intersection of the household and the market, a micro-entrepreneurs behavior is affected in part by the extent to which the business activity accounts for their livelihood security.

Studies show that in micro-enterprise businesses, of which more are female owned, that women have created more stable enterprises than their male counterparts.

There are limited findings on home-based business profit concerns, which indicates profit earned is generally not large and likely to be less than small and medium enterprises.

However, given the potential contribution of profit to household income and that little is known about factors influencing profit generated by homebased business, it suggests that profit is an economic benefit worthy of concern.

Based on limited data, profit to sales ratio in homebased businesses is found to vary considerably.

As a measure of profitability, very little is understood about the factors that influence profit in homebased businesses and the reasons for the variations.

Image Source

Related Post>> Sell Rural French Breakfast Bread Made In Your Kitchen

Also Read>> Cottage Industry For The Rural Marketplace Is What People Need (Updated)

50 Ways To Make Money At Home In Rural Areas To Reinvent Yourself

Fillable Homestead As A Business Year Planner

  • Fillable Homestead As A Business Year Planner

    Fillable Homestead As A Business Year Planner

    Simplified Printable To Organize Your Homestead Business Off Or Online

    Creating and running your homestead as a business doesn’t have to be challenging or difficult using the Fillable Homestead As A Business Year Planner. It can be a simple and fun process by deciding: (1) what is your niche or cottage industry; (2) what are your business goals; (3) how to fund your business without borrowing; (4) where to sell everywhere online; (5) what is your product and service inventory; (6) what is your marketing and advertising strategy; (7) how much did you earn in weekly sales. It’s easy to get overwhelmed when there is so much information out there to start and operate a homebased business both off and online. I am big on keeping things simple. Therefore, I want to help you strip away all the excess and find what is really important to YOU on your homestead that can earn you money. Once you figure this out, it will be much easier to create a Homestead As A Business Year Planner and stick to it. Just remember to always keep it simple!

    BUY NOW!