Starting A Home Business: Is It An Ideal Time
These days people are anxious, and rightly so. They wonder if starting a home business at this time in this crazy economy is recommended or not. While they're struggling to keep their job, they're wondering if starting a home based business is sensible.
But that very fact, the fact that they are feeling like they're struggling to keep their job, is enough to prove my fact that right now is a fantastic time to start a business from home.
You have probably heard the adage "do not put all your eggs in one basket". Lots of people hear that and they think it applies only to investing, but actually it can mean several things. One thing that it certainly applies to is your livelihood.
And in my book, earning your income from only a job, where you are basically putting your livelihood in somebody else's hands is a really 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're giving them specific and predetermined amount of your time and lots of your effort in exchange for a paycheck. That salary is a set amount (a wage) normally based upon an hourly rate. So they offer to pay you hourly for every hour you put in.
That means that if you do not put in that hour, you are not going to get paid.
Additionally, it means that they can 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 normally less than 10% a year and these days normally far less.
I know people who have not gotten raises in 3 or 4 years when the economy began going south. And a company may and will always hold onto that excuse that the economy does not permit them to give you a raise.
Ok with all of that said, they are also in control of your paycheck because they make the decisions within the company. If they choose to slash costs (of which you are a cost) then they may surely do that. It's called a lay off. Or if they decide to shut their doors, they may do that as well. Or worse, as they make all of the decisions, then they've every chance in the world of making a stupid decision that not just affects their profits and wellbeing as a company, but yours too.
Now, most people choose a job because they feel like it's a safer paycheck. But after reading the above - is it?
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