When it comes right down to it, you can divide the world of home business into two halves: Smalltime businesses, being essentially paid hobbies, or legitimate home based business, which is… Well, real business. There are a lot of differences between the two, but what it really comes down to is that each one takes place on a completely different level. Here are all of the major differences to keep in mind if you’re thinking of expanding…

A Legit Business Can Make Your House Payments

Small business means small money. Legit business means legit income. Smaller businesses are fine if you just want to earn a little bit of extra money here and there to take the family out for dinner, to go see a movie or to save up for that new HDTV. But, if you want to pay your bills, if you want to support yourself on your own terms and quit your day job, you need a legit home based business, not just a little store front online.

A Legit Business Means More Paperwork

With a bigger, more legitimate business, you have quite a few more forms to fill out. You need to apply for licenses and permits, you need to keep track of every dollar for tax purposes, and you need to cover your bases to ensure that you don’t wind up being hit with an audit or steep fines. Technically… Smalltime business requires all that stuff, too, but the fact is that the tax man doesn’t really care if you’re making less than your weekly grocery bill.

Legit Business Means Bigger Investment

You can start a smaller business without a dollar to your name, but a bigger business requires a bigger startup investment. Luckily, you don’t need to take a loan out, and you don’t need to find investors. Rather, you can start a small business for free, then take the money you earn from that, and roll that into expansion, or starting a whole new business entirely. But the rule here is: Once you’ve started, don’t put anymore of your own income into the business, let it pay for itself.

Legit Business is Tougher

If you just keep it small, you can keep it fun. When things get too tricky, you can just scrap the whole thing and start another project for fun. It’s up to you how big you want it to be, whether or not the extra income is worth the extra responsibility. When you get to the point where you’re considering going big, you’ll want to think about getting a real business education. Luckily, you can forget business school. Truth be told, everything you need to know to get started, you can learn from an online course or seminar on learning how to think like a business pro.

Legit Business is, Well, Real Business

A smalltime business really is more of a hobby that gets you a little extra income here and there. A legitimate business makes you a legitimate business owner, and it really is a bigger responsibility. So you need to seriously consider whether that’s something you want to dedicate yourself to. At first, starting it up, doing the marketing, getting everything in order, may actually require much more work than your day job, BUT… It will pay off in the end.

Get those legitimate home based business chances online. There are a lot of home based business chances, but not all are legitimate. Head online now and find out more. Don’t reprint the same version as everyone else. Get your own unique content home based business article here.

As a top leader in Internet Marketing and a kind compassionate person, Robert provides advice, training, and support to individuals looking to build a Home Based Business. He provides his clients with a proven Home Based Business model. He is an expert in Social Networking Web 2.0 Marketing on Twitter, Facebook, Linkedin, and Youtube. He is currently looking for serious entrepreneurs who want to start their own Home Based Business and want to be personally mentored to achieve success. He helps his clients with their Home Based Business and provides them with all the tools and training to be successful online. He can personally mentor those who want to join the top 3% of people who earn a massive income from an online Home Based Business

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