Homepreneur – A New Age Business Trend

Many homeowners dream about transforming a room in their house into a space dedicated to doing something that they are passionate about, but how many actually think of it as a possible business? Do you have a skill that you consider more than just a hobby? If so, then it’s possible you can turn your passion into profit. Homepreneurs is an emerging trend that has the potential to accelerate over the next few decades. Fueled by social media technology such as the new smartphones and tablet PCs and aided by minimal initial investment costs, these potential moguls are realizing there’s no place like home.

The Small Business Success Index project is an excellent resource for understanding small business trends. According to the SBSI, there is an estimated 6.6 million home-based enterprises which are no longer viewed as less effective than the large corporations. This new age business trend is enabling individuals to create jobs for themselves all from the comfort of their homes.

This movement is heightened by the fact that: (1) many big businesses are cutting costs by downsizing; (2) the job search today is posing difficulties for everyone; (3) individuals who fear being laid off are creating a Plan B for themselves; (4) people want to escape the rat race and tap into their creative side and do something they really enjoy; or (5) people are searching to either supplement their income or replace their lost income.

What types of professional careers are suitable to work from home?

These individuals, for example, can be online retailers, seamstresses, day care providers, freelance writers or massage therapists. No matter who they are, there is one key common denominator and that is they work from their home or studio. Other home based professionals can do most of their work via email and telephone or who don’t necessarily need to interact with others in person to get their work done.

So, how does a person prepare themselves for this type of professional career change? The first step in preparing yourself is to make sure whatever you decide to do, you adopt these characteristics going forward:

  1. You are passionate about whatever it is that you will be doing; and
  2. You are a self-starter, motivated and independent;
  3. You must be dedicated, determined and disciplined to succeed in this role with limited or no supervision.

On average, most individuals who work from home, report higher incomes than their office counterparts because they are in control of their salary increases, not their employer. When your workload at home increases, it directly affects your income and you get paid more as opposed to your office counterpart, when their workload increases, they usually don’t see a pay increase.

Is it possible to make a decent living with your new-found professional career? Yes. However, work from home employment may sound easy to do, but it’s not simple in execution. If it was simple, everyone would be working from home. It takes the kind of discipline, dedication and commitment as a professional athlete or dancer.

Learning how to become a homepreneur comes with great benefits. You can support your families’ financial needs and satisfy your personal needs as an individual. You can always find something that fits your schedule and your lifestyle and spend more time with your family. Once you find the right fit, then you have found a work from home position you love and the rest of your life will be the one you’ve always dreamed of.