A home business is defined as a business where the primary office is the owner's home. Within that broad definition there are many types of home businesses. I have connected a home based business for the last 20 years and the difference between the business I started 20 years ago and the business I do today is like comparing apples to oranges.
A little background … After a long, very successful career with the US Government, it was time for a change and I decided to start my own business. I looked at many different types of businesses and settled for an established coin-operated video game route for $ 250,000. This is a lot of money today and was even more back in 2000.
I looked at all sorts of established business and the reason why I decided to get into this type of business was the simplicity of it. With coin-operated video games I did not have to worry about rent, employees, inventory, utilities, and many of the other expenses and, may I add, heads associated with your typical business. I also had more flexibility because as long as the machines were operating and not in need of maintenance, I did not have to be on location. My sales force (machines) were generating revenue all day and, in some cases, night as well. Other than the many hours driving and the occasional machine breakout, this business was perfect and afforded me to have a great lifestyle.
Sounds perfect, does not it? Well … I still had to worry about customer acquisition and…