Advantages of a home-based wire jewelry business:No expensive lease or commercial rent - work right from the room that no one ever uses.
Well, clearly there is LOW risk. WHY?
No costly telephone installation, deposits, monthly bills. Home biz phones are quite reasonable.
No expensive equipment to buy, just a few hand tools, some gold filled or silver wire and a few gemstones and you're in business.
No employee payroll to meet. According to the IRS, you can actually hire your kids and use them as a deduction.
No accountants needed or bookkeepers-Do your own bookkeeping, with a simple piece of software called Quicken or Quick Books. Unless you really start raking it in and then it might be advisable to get one of those fancy accounts!
No commuting 5 or 6 hours a week. With all this extra time you could spend more time with your family or even get a new hobby.
No more keeping up with the high fashion rat race. Just dress casual. Or even work in your underwear! Hey, you're the boss!
More flexible lifestyle-work your own hours, day, or night
More time to do all the things you always wanted to do!-like clean up the garage!
Great tax advantages for home-based businesses. You can write off your tools, videos, supplies, gold wire, bench, gems, a portion of your shop area, road and telephone expenses. Plus if you go for a weekend to Las Vegas and stop by several stores to see if they want to buy your jewelry-it looks like a sales trip to me.