Many Americans lost their jobs due to the economic recession. This simple truth proved that you cannot control your financial future if you work for someone else.

It’s a great feeling to be your boss. Americans who own home-based businesses don’t report to anyone, can set their own hours and decide their own salary.

“No other circumstance besides a home-based business allows you to set your own work schedule, plan time for your social life and experience ultimate flexibility for meeting family obligations while at the same time providing unlimited reward,”Paul J. Meyer, the author of “Pink Slip Proof: How to Control All Future Paychecks.”

Meyer offers the following reasons for starting a home business:

1. You have complete control over your life. You control the hours of your work and can pick the business that you want.

2. Reduce Stress Stress will be reduced if you are in control. You don’t have to worry about when you work. As long as you finish your work on time. If you are a night owl, it doesn’t matter if you work late or sleep late.

3. Include your family. Family members and spouses can share their skills and help create a business. If both of your partners are at home, you might be able to reduce childcare costs.

4. Financial Rewards. Opportunities for the home-based entrepreneurs are available to students, the disabled and those who may not be able or unable to work in high-paying corporate positions. You can make as many as you wish.

5. Increase your competitive advantage Your home office will help you save money on overhead, which you can use to grow your business. Transfer your own savings to your customers.

6. Increased Productivity. You will have more enthusiasm, which will lead to higher productivity. After all, your efforts are directly rewarded.

7. Tax Advantages Tax Advantages. You can deduct a percentage off your mortgage or rent, a portion of your vehicle expenses, and software costs.

“If all that sounds like a fresh start, a perfect fit, then a home-based business could be your ticket to fulfilling all your dreams and goals,”Meyer.

Paul Meyer has more tips in his book. “Pink Slip Proof: How to Control All Future Paychecks”Or visit www.pauljmeyer.com.