What is a "home-based" business?

What is a "home-based" business?

William A. Cohen (Author & Founder, Institute of Leader Arts) gives expert video advice on: How do I decide on the best business model for my company? and more...

Home-based just means you work out of the home which is, with through the internet especially, very popular. It always was doable in a lot of cases. And a lot of very famous people started their businesses at the home even a thousand years ago. Joe Cossman, you know his first product, which was soap by the way I have to tell you it was entirely different story, but he started for a year. He was working full time and he started out on a kitchen table. He brought a used typewriter for $25 and had some great stationary made up. And every night that he would come back after work after five and they would clear the kitchen table and he would start sending letters all over the world, with his great stationary, looking for products that he could sell here. And that's how he got his start. Came, you know, some 25 million dollars over a business career of about twenty years. So home just means you work out of the home.