In today’s uncertain economic climate, a growing number of people are looking to establish home businesses in lieu of looking for traditional employment under an already established but highly unstable business. Establishing your own home based business or start up is a relatively simple task; all that will be require of a potential entrepreneur is a solid, well thought out business idea and great care taken when executing the idea.The economic market is in a highly erratic position which leads those looking for a stable source of income to pursue self employment because it is a great way to avert a number of potential pit falls that today’s economy is littered with. Starting one’s own home based business also affords the owner absolute freedom to make their own executive decisions as to the well being of the business.Establishing your own home based business is a relatively simple process. The most important element to setting up a home based business is a solid and well constructed business model. Having a great business plan and effective form of executing your idea’s will benefit you in the long run. When working from home, you will mostly likely have a separate room or study which will be used as a dedicated home office; here you can effectively run your business at your own pace.It is easier to work at a pace you are comfortable with because it is your business; you are afforded a level of freedom you would not usually have in a traditional business. You are your own boss and you can run your business the way you see fit; there is no supervisor to report to, no strict work policies and absurd work hours. This new found freedom will significantly reduce your stress levels, while personally improving your skills as a leader and professional entrepreneur.Operating a home based business will effectively help you to grow as a professional, all while increasing your productivity. The time you spend working is directly proportionate to the money you will make in your home based business; this leads you to be more practical with time management and to utilize your skills and assets effectively. When working for yourself, you are not boxed in to one particular job with limited opportunities to branch out; in your own business, you are the CEO, marketer, accountant and secretary. You have a wide array of experiences.With the freedom that a Home Based Business allows, it is no surprise that people continue to establish their own businesses. The era of home based business start ups is only beginning.