A home-based business is a type of enterprise that operates from an individual's residence rather than a commercial location. This setup allows entrepreneurs to save on overhead costs like rent and utilities while providing flexibility in work hours. Common examples include freelance writing, online retail, and consulting services. Many people choose to start a home-based business for its convenience and potential for work-life balance. With advancements in technology, such as the internet and communication tools, it has become easier to manage operations, reach customers, and market products or services from home.