Tuesday, March 2, 2010
Home Business vs Traditional Business
Apart from the obvious, No rental, there are more advantages to having a Home Business against the traditional Business. These are the other reasons that I prefer a Home Business. No employee problems or cost. I had no experience or know how of running a business. And there’s no one to teach or guide me unlike the Home Business that I joined. There is no need to source for raw materials, invest in methods to convert the raw materials into finished goods. No need to do market research on industry, product, target market etc… I couldn’t afford the startup cost of starting a traditional business. I could start the Home Business for a fraction of the startup cost of starting a traditional business. The operating cost of running a Home Business is much lower than a traditional business. The Home Business deals with consumables and therefore I will get a regular source of income monthly. Too much hassle to start a traditional business and a high chance of failure and thus losing whatever investment made. I think it best explained by Robert Kiyosaki’s in his books Business School, Rich Dad Poor Dad, Cash Flow Quadrant.
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