Thursday, March 27, 2008

Buying Into Success: Purchasing an Established Business

For many years, working from home was only an option for those involved in niche markets, and was not an alternative that a many people could choose. Historically, home-based businesses represented only a small portion of the population, and even for those lucky few, only those companies that worked with the most innovative products and ideas survived.

Home businesses have changed greatly in recent years, and they now span a vast array of goods and services. From independent transcription companies to small confectioners, data entry tasks to e-goods vendors, home-based companies are now a part of almost every small business field. Some statistics put the number of small businesses that are run out of the owner’s home at more than fifty percent. Building from the ground up, owner-managers of independent companies with enough drive have changed the landscape of small business.

In recent years, the number of people who work from home has skyrocketed. Internet businesses and cottage industries are allowing home-based companies to become a major market force. While there remains an abundance of the traditional type of home-based entrepreneur, the prohibitive cost and enormous energy outlay necessary to running a home business has become a thing of the past. No longer is working from home restricted to only those with bottomless financial and energy resources.