There has been a lot of discussion and worry about the current economic situation, as people are in danger of losing jobs and savings they may have. But there's been a steady increase in people that are starting their own businesses, as they seek job security in an uncertain time. Many of these new business owners hail from London, as well as the southeast and east of England, and up to a third of them are choosing to start these new ventures in their spare time.
Not only are new businesses doing well, home-based businesses are also thriving, despite the economy. In fact, there has been an increased turnover for two-thirds of home based businesses this year and almost three-fourths of these businesses are continually getting new customers. Since these work from home opportunities are doing so well, 58% of the businesses are developing new products or streams of revenue for their market. That is sure to bring these home-based businesses even more success!
According to research from BT, the number of people starting their own businesses in their own home increased 16% this year, and there are now 2.5 million home-based businesses in the UK.
Home-based businesses truly are appealing, especially at a time when the economy takes a downturn. When you work from home, you will need to drive less, which means you save money on petrol and spend less time in traffic on the roads. This also allows stay-at-home parents to still take care of the children whilst running a business that can earn a valuable extra income.
They also provide you with the ability to be your own boss, which means you have job security that isn't plausible when you're someone else's employee. Of course, the ability to achieve work/life balance is also a drawing factor to home-based business and franchise opportunities.
If you are considering a home-based business, please browse through Franchise Direct's extensive directory of home-based opportunities for the one will help you create a successful business for yourself!