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Best Types of Home-Based Businesses

Do you relish the thought of being your own boss? Here are some sources you can check for ideas for home-based businesses.

I would like to be my own boss. Could you please name some good potential home-based business ideas that would be profitable?

There are plenty of profitable home-based businesses. In my book, Home-Based Businesses for Dummies (cowritten with Paul and Sarah Edwards), we list ten great (and profitable!) home-based businesses. They include computer-repair technician, bodywork/massage therapist, computer tutor, coach (business or career), technical writer, elder caregiver, virtual assistant, personal chef, Web-site designer and pet sitter. If none of these get you very excited, I suggest you take a deep look inside yourself to see what you would like to do. Doing the work you love - and throwing your entire heart and soul into it - can make the difference between profit and loss. If you would like to first try working at home for another company before starting your own home-based business, check out SOHO Jobs, which has a pretty good collection of reviews as well as links to other sites offering work-at-home opportunities. Whether you start your own home-based business or work at home for another business, check out the opportunity thoroughly before diving in too deep - there are a lot of scams targeted at people like you who want to work from home.

As you weigh the options you might also peruse our Checklist for Starting a Home-Based Business to get an understanding of the logistics of that endeavor. Remember, also, that your dreams of working at home may not align with the real demands of running a business out of your house. Considering the requirements of balancing work with family might help you envision the work-at-home scenario.

-- Peter Economy

Help your home-based business succeed with tips on setting up a home office and maintaining work/life balance at AllBusiness.com.

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