Starting a home-based business can be a viable way to gain financial independence and pursue a passion. According to the U.S. Small Business Administration, 50 percent of all businesses start at home. The SBA also reports that 60 percent of all businesses without staff are home-based.

While the process of starting a home-based business may seem daunting, it can be broken down into manageable steps. Here's how to navigate the journey successfully.

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