Starting A Home-Based Business: Is It An Ideal Time
These days people are anxious, and rightly so. They wonder if beginning a home business at this time in this crazy economy is recommended or not. While they are struggling to keep their job, they are wondering if starting a home based business is wise.
But that very fact, the fact that they are feeling like they are struggling to keep their job, is enough to prove my fact that right now is an amazing time to begin a business from home.
You have probably heard the adage "do not put all your eggs in one basket". Many individuals hear that and they think it applies just to investing, but in fact it can mean many things. One thing that it certainly 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 a really risky type of putting all your eggs in one basket.
Let us think about what it means to have a job. When you work for someone else you're giving them certain and predetermined amount of your time and lots of your effort in exchange for a salary. That salary is a set amount (a wage) normally based upon per hour rate. Therefore they offer to pay you per hour for every hour you put in.
That means that if you don't put in that hour, you are 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. After which, that hourly wage is only going to go up a particular percentage usually less than 10% a year and these days usually far 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 keep that excuse that the economy doesn't allow them to give you a raise.
Ok with all of that said, they're also in control of your paycheck because they make the decisions within the company. If they choose to slash costs (of which you're a cost) then they may surely do that. It is called a lay off. Or if they choose to shut their doors, they can do that as well. Or worse, since they make all of the decisions, then they've every chance in the world of making a silly decision that not just affects their profits and wellbeing as a company, but yours also.
Now, many people opt for a job because they feel like it's a more secure paycheck. But after reading the above - is it?
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