A home business is defined as a business where the primary office is the owner of the house. Within this broad definition there are many types of businesses. I’ve conducted a home based business for the past 20 years, and the difference between the business that began 20 years ago and the business today is like comparing apple to two oranges.
A bit of history… After a long and very successful career with the Government of the united states, it was time for a change and I decided to start my own business. I looked at many different types of companies and were established established coins video game the path for $250,000. This is a lot of money today and was even more in the year 2000.
I looked for all kinds of established business and the reason why I decided to enter into this type of business was the simplicity of the same. With coin operated video games that don’t have to worry about rent, employees, inventory, utilities, and many of the other expenses, add, headaches associated with your typical business. I also had more flexibility because it is always that the machines were operating and not in need of maintenance, I didn’t have to be in place. My sales force (the machines) were the generation of income throughout the day and, in some cases, by night also. Other of the many hours of driving, and the occasional breakdown of the machine, this company was perfect and allowed me to have a great lifestyle.
Sounds perfect, isn’t it? Well… I still had to worry about acquisition and retention of customers. After a few years of driving 50,000 miles (80,000 km) a year, it got to be really exhausting to be in my car. What is more important, is still limited to a geographical place to carry out my business. All of my wife’s family lives in Europe and all of my family lives in the Caribbean. We live in the united states and like to travel as well. What money could not buy was the flexibility and freedom to carry out my business from any part of the world.
This is where the trade as a home based business came into the picture. I wanted to have a home based business, where “home” was defined by where I am with my computer and not by a specific place. I wanted to have a business where I do not have to check the inventory or the most recent product to stay up to date with the latest trends and/or competition. Finally, I wanted to have a business where I dictate the amount of time devoted to the company.
An added advantage is that the trading as a home based business requires very little capital when compared with any other business model. All you need is a computer (which you already have), a trading account (can be as low as $500, but I will say that $4000 is a more reasonable amount to expand your business more quickly), and a good trading platform or software (cost range from $50 to $10,000). A higher cost does not guarantee a higher rate of success. You can find many excellent trading Expert Advisor (EA) software for around $300, which not only set the operations to you, but run well. That is it!
A word of caution with EAs is that not all EAs are created equal. Also, not because the software does everything for you, that means that you just “plug and play”. There is some work involved and you must “tweak” your settings to keep the current market conditions. You should also be aware that the economic calendar to ensure that they are not a trade when major economic news are released. Apart from that, everything is ready to start a new career and you are all the freedoms that the trade brings.