In the past jobs provided people with monthly salary and long-range security but not anymore. Along with the recession, job security has become uncertain and it is getting hard to find one. An alternative is to go into home business, yet most people are skeptical about starting one, being fearful of failure and losses. Many do not have the confidence because of lack of business training and experience. But the challenges to success are not as difficult when you start a home-based business.A lot of people have built very successful home businesses. Most people start out part time and stay part time to supplement their income while others have built their business full time. If you are already working in your own home-based business or just entertaining the idea, be sure to evaluate your options and consider the value of the benefits you will receive.The benefits of home business include:Financial freedom:Your earning potential is directly proportional to your performance, so you do not have to wait for a raise or a promotion. You work harder, and you produce more. You can increase your budget since you know how to make more money to off-set the expenses. Unemployed workers can earn money working from home to defray living expenses while they search for work.Personal freedom:You are your own boss. You can set your own schedule, re-channel the time spent in traffic to and from work every day, work the hours that are most convenient for you, and have time available for family obligations and leisure activities. You have flexible hours to schedule your time according to the needs of your family. Parents can easily attend their children’s school activities and be available for them when they are at home.Minimum investment and risk:Operating from home, a business can be run with minimum investment and exited with minimum obligations and risks. And once your business is up and running, it is cheaper and easier to maintain than a separate business location.Tax benefits:There are a number of tax benefits having your home and office under one roof. Running your own home business can substantially lower your tax burden by allowing various deductions such as, business travel, office expenses, and internet and phone costs.Stress Reduction:Certain stress factors can be avoided when you work at home. You will have no daily commute, and being your own boss can reduce the stress you feel due to constant demands from a boss and co-worker interruptions. You will be able to relax and spend time with your family early in the morning and evening instead of spending it to and from work.No age barrier:A home-based business is open to all ages and walks of life, including students and retirees. Anybody with the required training can start a home business and be successful in it.If you do decide to start your own home business, all you need is training, personal drive, discipline, and time-management skills. And treat your business as business.