Beginning A Home Business: Is It A Perfect Time
Today people are concerned, and rightly so. They wonder if beginning a home business at this time 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 wise.
But that very fact, the fact that they're feeling like they're struggling to keep their job, is sufficient to prove my fact that right now is a fantastic time to begin a business from home.
You have probably heard the adage "do not put all your eggs in one basket". Many people hear that and they think it applies only to investing, but in fact it may mean a lot of things. One thing that it surely applies to is your livelihood.
And in my book, earning your income from only a job, where you're basically putting your livelihood in somebody 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 someone else you are giving them particular and fixed amount of your time and a lot of your effort in exchange for a salary. That salary is a set amount (a wage) generally based upon an hourly rate. So they offer to pay you per hour for every hour you put in.
Which means that if you do not put in that hour, you're not going to get paid.
Additionally, it means that they may pay you that same wage as long as they like, until you prove without a shadow of a doubt that you're worth more. And then, that hourly wage is only going to go up a certain percentage usually lower than 10% a year and these days generally much less.
I know people who have not gotten raises in three or four years when the economy began going south. And a company may and will always hold onto that excuse that the economy does not allow them to give you a raise.
Ok with given the above, they are also in control of your paycheck as they make the decisions within the company. If they choose to slash costs (of which you're a cost) then they may definitely do that. It's called a lay off. Or if they decide to shut their doors, they can do that too. Or worse, as they make all the decisions, then they've every chance in the world of making a silly decision that not just affects their profits and wellness as a company, but yours as well.
Now, most people opt for a job simply because they feel like it's a safer paycheck. But after reading the above - is it?
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