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| The Soccer Blog |
Small Business and Home-Based Business: What’s the Difference?
Ever wondered what’s the difference between a small business and a home-business? It’s an important question, and I’ve been trying to figure out the answer.
After lots of thought, research, and consideration, I think I’ve got it.
The short answer: scale versus lifestyle.
According to the Small Business Administration and the Small Business Act 15 U.S.C. 632(a), small businesses are independently owned and operated but are not dominant in their field. Small businesses are further defined by their small scale in three other key areas: employees, profits and operation.
When I read this definition, I cringed.
Who goes into business wanting to remain a minor player in the industry?
Not me.
I’m convinced that the words we speak and the ideas we hold in our heads shape our reality. That’s why I define myself as an entrepreneur, not a small business owner.
As an entrepreneur, I set no limits on the scale of my business. That’s exciting.
So what about or home-based business?
According to the folks at Entrepreneur.com, a home-based business is “a business whose primary office is in the owner's home. The business can be any size or any type as long as the office itself is located in a home.”
Don’t be fooled by the “home” in home-based business. It’s not a model that revolves around place. A legitimate home-based business is quaint only if you want it to be. Home-based business is a lifestyle. Just ask Tim Ferris, author of The 4-Hour Work Week Unlike small business, it is not limited in terms of scale.
The internet has revolutionized the home-based business model and has made it truly and completely portable. Your home can be anywhere in the world. Feel at home on the beach? Wonderful. Want to make Argentina home for six months? Fine. You can even run your business from your kitchen.
- No more doing business in the minor leagues of the industry.
With the right training, proper business model, and plenty of community support, there’s nothing small about home-based business.
About the Author
Read more about the author at http://www/JenniferBaszile.biz
If Argentina wins against Mexico will you all go home? Except my boyfriend?
if Mexico wins, will you and your bf go home and do your nasty things there and do it to the beating the mexico team will give the argentines making them go home with their tails between their legs and maradroga sniffing his coke?
