Why Starting A Home Based Business Now Is Nearly Ideal Timing To Do So
These days people are worried, and rightly so. They wonder if starting a home business right now in this crazy economy is advisable or not. While they're struggling to keep their job, they're wondering if starting a home based business is smart.
But that very fact, the fact that they're feeling like they are struggling to keep their job, is enough to prove my fact that right now is a great time to start a business from home.
You've probably heard the adage "don't put all your eggs in one basket". Many people hear that and they think it applies only to investing, but actually it may mean many things. One thing that it certainly applies to is your livelihood.
And in my book, earning your paycheck from only a job, where you are basically putting your livelihood in someone else's hands is an extremely risky type of putting all of your eggs in one basket.
Let's think about what it means to have a job. When you work for somebody else you are giving them certain and predetermined amount of your time and a ton of your effort in exchange for a paycheck. That paycheck is a set amount (a wage) generally based upon an hourly rate. So they offer to pay you hourly for every hour you put in.
Which means that if you don't put in that hour, you are not going to get paid.
It also means that they can pay you that same wage for as long as they like, until you prove without a shadow of a doubt that you are worth more. And then, that hourly wage is only going to go up a certain percentage generally lower than 10% a year and these days usually far less.
I know people who haven't gotten raises in 3 or 4 years when the economy started going south. And a company can and will always hold onto that excuse that the economy does not permit them to give you a raise.
Ok with given the above, they're also in control of your paycheck because they make the decisions within the company. If they decide to slash costs (of which you are a cost) then they can definitely do that. It's called a lay off. Or if they decide to shut their doors, they may do that also. Or worse, since they make all of the decisions, then they have every chance in the world of making a stupid decision that not only affects their profits and wellness as a company, but yours as well.
Now, most people choose a job since they feel like it's a more secure paycheck. But after reading the above - is it?
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