A business has to have customers for it to exist. If you have customers but don’t have an income to support the bills then you have to consider another option, like a part-time job. If you have your own business and have enough income to support your living expenses, then your business is alive and well. If you don’t, then you have some serious soul searching to do.

The reason is fairly simple. When a customer buys something from your business, you will always have an income to make that purchase. There is no way around it. On the other hand, if your business goes under you will not have a source of income to call your own.

Now before you start worrying about what you are going to do with your extra time, you need to keep in mind that this time (assuming you don’t already have it) is something you are going to spend in the hopes that it will make you wealthy. There is a reason why we say that the rich always have money to spare. There simply is no way you’ll be able to acquire millions of dollars in a hurry, even if you wanted to.

So what exactly do you do with your time when you have a successful business? Well, the obvious one is to spend it on advertising, thus increasing the chances of your business making it. But also you can spend it on something you like doing. For instance, if you really enjoy writing, then why not spend it on that instead? That might not produce a profit right away but it will certainly get you out of the house and away from your computer for several hours a day. In fact, you could consider this essential for a successful business. If you don’t like spending time at the office, then spend it on something that you actually enjoy doing. If you are a really good organizer, then spend it on something that helps you work efficiently, too.

The last option is for people with online businesses. What if you want to get away from it all but still retain some control over the destiny of your company? You can consider having some form of residual income. This is an option where you receive payments even after your business ceases to exist. That’s right, even if your business goes under, you can still get paid! So where do you go from there? Well, this depends on the type of business you have and what you have planned. For instance, if you have a blog you could consider offering a newsletter service, as this would not require you to spend time at the office. On the other hand, if you have an online store you can take advantage of other types of residual income options as well, such as affiliate marketing, networking marketing, blogging, and so forth.

A few words about the definition of a home-based business. This is an industry wherein you work from home while still having an effect on the world outside your home. The effect is not necessarily felt by your clients, but still, you still have an impact on the marketplace. So it is not just working from home; it is working online.

A home-based business can be as small as a one-person operation or as big as a multi-million dollar company. It doesn’t matter as to whether you are an employee or an entrepreneur. You can have a home-based business even if you are not working. It all depends on what you have planned.