Some home-based businesses develop as people perform services elsewhere, such as lawn care, but use their home as an office. The economic impact of a home-based business is like the impact of any other successful business. The owner, through the sale of products and services, generates income from which supplies, equipment, and even labor are pur-chased. Additionally, the owner and his or her family have increased disposable income to be spent in the community. First, it must be recognized that business success is not dependent just on the commu-nity.
Successful businesses require the diligent effort of the individual entrepreneur.
Success-ful businesses have clearly identified their product or service, their market, and the competition. A person considering a home-based business needs to gather a variety of information about starting a business. Own-ers may need help to carefully evaluate the business potential of their ideas. Many people have good ideas for a business but fail because of poor planning. Planning involves making in-formed, thoughtful decisions.