Owning your own home based business is one of the most exciting and rewarding experiences that an increasing number of Americans are choosing each and every day. For many, the recent economic downturn has had a significant influence on this decision.The days of starting in a company after graduating from school and working your way to the top are long gone. Employee and employer loyalty are a thing of the past. With the recent losses in the stock market affecting many Americans 401k plans, and the increasing number of layoffs, there is no better time to start a home based business.The ability to stay at home, spending more time with your family while building a strong financial future is very appealing. Growing numbers of Americans are realizing that they need to take charge of their future. With the recent collapses of many Fortune 500 companies, corporate America has lost much of its appeal. Most Americans in many recent surveys, have stated that there financial future concerns them the most.Currently, 1 in every 53 American households files for bankruptcy each year. This statistic is steadily rising. Of those, approximately 60-70% could have avoided filing with an additional $300-$600 per month income. A very large percentage of retirement aged Americans cannot afford to maintain the lifestyle they had while working. Only 2% of Americans own their home outright.I believe that Network Marketing is a great industry to be a part of. It allows you to get away from leveraging your time for money. It is a home based business that allows you to build a residual income. The most important thing to realize in any home based business, is that it is an opportunity and not a guarantee. It is like any other business that you start. It takes hard work, perseverance, and training to succeed in building a significant home based business.The top five reasons that you need to start a home based business are:1) Spend more time with your family
2) Eliminate Debt
3) Boost your retirement income by building residual income
4) Take more vacations
5) Enjoy Tax benefitsThere are countless other reasons to start a home based business, and you really need to list all that are important to you. This will help you build your belief that you can succeed in this industry.