How to Be Your Own Boss and Work From Home: 5 Ideas
Ready to ditch the 9-to-5 grind, be your own boss, and work from home? Partnering with a franchise like Budget Blinds may be the best choice to meet your financial and lifestyle goals.
Benefits of Business Ownership
Skipping the daily commute and achieving a better work-life balance as a business owner can help reduce stress and improve your quality of life. At least 83% of workers suffer from daily-related work stress. On-the-job stress can lead to higher rates of heart attacks and other cardiovascular diseases. Lack of job security, stagnant wages, and stress are causing 75% of hard-working Americans to suffer from burnout “very often,” or “always,” according to Gallup.
Owning a business puts you in the driver’s seat, allowing you to steer your professional destiny and reap the financial rewards directly tied to your efforts. It also provides the opportunity to innovate and impact your community, giving a sense of fulfillment beyond just financial gain. But starting a business from scratch can be risky.
A franchise enables you to leverage a brand's reputation and proven systems while benefiting from corporate support in areas like training and marketing. You’ll also get access to a system of fellow business owners who can share best practices and offer advice.
The International Franchise Association counts more than 800,000 franchises in the U.S. — finding the right brand hinges on your skills, business acumen, and financial investment criteria.
You’ll need to conduct thorough research on the franchise's financial performance, market demand, and support systems before you make your decision. Here are our top five recommendations for franchises to be your own boss and work from home:
- Painting services franchise: In 2023, painting was one of the top home improvement projects, and a painting business is designed for growth. Franchisees in this space don’t always do the painting; they focus on adding customers and hiring subcontractors to do on-site work. The franchise offers multiple revenue streams, including interior and exterior painting, wallpaper and popcorn ceiling removal, and fence and deck painting. You’ll need a large crew to finish paint jobs in one day and the weather can impact your business.
- Employment recruitment franchise: As a recruiter, all you need is a high-speed modem and a home office to do business. The franchisor provides job orders and clients, enabling you to get your business up and running quickly. However, finding qualified applicants can be a challenge in a tight labor market. One particular fast-growing sector in recruitment is within hospitality.
- Youth sports franchise: Helping children stay active can be rewarding, but you’ll have to hold most of your programs on the weekends or evenings to accommodate the schedules of working parents. Youth sports participation continues to increase each year, ensuring franchises a healthy pipeline of customers. For example, Soccer Shots franchise offers age-appropriate soccer skills programs to children as young as two years old. Soccer Shots had more than 620,000 children participate in its programs last year.
- Business coaching services franchise: It’s possible to use your experience in the corporate world to provide group and one-on-one business coaching services to help small businesses improve results. For example, the franchise model for ActionCOACH has the potential for recurring revenue, but you’ll have to build a strong reputation in the community to be successful.
- Home services industry franchise: The home services industry is booming. American households spent an average of $13,667 on home services projects in 2023, Angi reports. Budget Blinds is the No. 1 window coverings and blinds franchise. Every week our mobile franchise locations install 50,000 blinds, shades, shutters, draperies, and smart home solutions. We offer shop-at-home services for customer convenience and our franchise model caters to both commercial and residential clients.
Your Future is Wide Open at Budget Blinds
Budget Blinds is a one-stop shop for customers focused on offering style and service for every budget. As one of the best jobs for being your own boss, you’ll get to work from home with an established brand. The average sales of 94, single-territory locations in 2023 were $795,612.*
Inquire now to learn more about our home services franchise opportunity. We’ll connect you with a franchise expert from the Budget Blinds team.
*See FDD for details.