Hey friends! Today we're going to explore one of my favorite topics: home based businesses. I've grown up around a home based business for most of my childhood because my mother was a local caterer. Home businesses come in many forms and fashions which is very fascinating. Bombastic brands like Amazon, Dell, and Martha Stewart Living began as home business enterprises and grew from there. If you've ever wondered how home businesses came to prominence, read on!
There was a time when home-based businesses were the norm. Home-based businesses are located at the home of the business owner. This means that if you run your business primarily from your home (whether you own it or not), yours is a home-based business. Combining living and working spaces allows families to maximize their use of space and work together mutual benefit. No wonder home-based businesses have been in existence since our pre-historic days, when families worked together to make clothing, process food, and gather animals.
In medieval times, families set up their trades at work-homes; homes designed to accommodate living spaces as well as the family workshops. Skills were passed on from one generation to another, and the typical home was designed to accommodate the family butchery, dairy, textile, dressmaking, weaving, metalwork, tannery, or woodwork business, among other trades. Because the businesses were staffed by family members, the lines of division between work and family life were blurred.
It was the industrial revolution that pulled massive numbers of workers from their homes into offices, mines, and factories. Some women took up work outside the home. Other women continued running home based businesses doing things like sewing, selling baked goods, or providing laundry services.
In the 18th century, some of the home based businesses in existence were silk weaves, textiles, and butchers. In the 19th century, there were home makers, dressmakers, shoe makers, and launderers running their home-based businesses. In the 20th century, bakers, graphic designers, landscapers, and cleaning/laundry businesses were some of the business owners to run their enterprises from home.
Hobby or Business
The difference between a hobby and a business is in its purpose. While hobbies serve recreational purposes, businesses are intended to make a profit. The IRS allows you to deduct business expenses from your income. If you keep records of income and expenses, intend to make money, and consistently make moves to ensure that your activities are profitable, what you have on your hands is probably a business. On the other hand if you don’t mind losing money now and in the future, then it is most definitely a hobby.
The internet has given home-based businesses a new lease on life. If the modern age brought with it a separation of work and home, the information age is once again bringing the two together.
Do you own or operate a home business? If not, what type of home business would you enjoy running? Let me know in the comments!