This is a great time to start your own business because people are out of work and looking for someone to hire them. Why not do the hiring and do it out from your own home. When you start your own business from home, you remove overhead charges and can claim deductions as a home business. Allbusiness.com discusses some of the top 25 Home-Based Business Ideas.

Personal trainer: If you are fitness-minded, you can start your own business as a personal trainer, visiting clients in their homes.

I think this is a great if you are already in shape and want to create a name for yourself. You should be certified in personal training.

Yoga instructor: You don’t need a studio to teach yoga; just like a personal trainer, you can visit clients at their homes or offices.

Just like the personal trainer business from home, a yoga instructor will need to be certified. Yoga has definitely gone mainstream.

Tutoring: You can start a business tutoring students in their homes, at schools, or at local YMCAs or other child-care organizations. Talk to your local school district officials and school principals to determine their needs.

I made some good money tutoring high school students preparing for their SAT’s. Parents are willing to pay if you can get another parent to recommend you. Networking will definitely get your more clients.

Consulting: If you are an expert in a specific industry, such as finance, marketing, or mediation, consider beginning your own consulting business.

Use your industry specific skills to help big business. This is quite profitable but requires a foot in the door. There is a lot of trust involved in hiring.

Medical and legal transcription: If you have transcription skills and the necessary equipment, you can easily work from home for a variety of different companies. Check local community colleges or search online for transcription training courses.

Medical transcription does require training but once you get the hang of it, you will work comfortably from your home.

Web design: If you can design quality Web sites, consider turning your skills into a home-based business. Because this industry is constantly changing, good Web designers are always in demand.

Create a website to get your business off the ground. Give out free templates and make it viral. If people like your designs, they will come back to hire you.

Senior care services: The rising number of senior citizens who want to stay in their own homes means big opportunity for nonmedical home care providers, who help seniors with tasks of daily living.

This is similar to caregiver jobs where you take care of someone who unable to perform all of their daily functions by themselves. The senior citizen population will only rise and so the demand is definitely there. Trust plays a big factor here because you have to show your love for elderly patients to their relatives and children.