In lines with statistics , home-based businesses generate $427 billion in annual revenue. Considering the rise in inflation, and the insecurity associated with day-to-day jobs, more and more people are considering starting their home-based ventures. As a result, a home-based business is established every 12 seconds, according to this source . Running your own business from home is linked to a handful of advantages. You can benefit from the perks of working at home such as flexibility, not wasting time and money on the commute, and being there for your family. Still, home-based start-ups require financing, just as any other type of start-up.