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Why Starting A Home Business Now Is Nearly Perfect Timing To Do So
These days people are concerned, and rightly so. They wonder if beginning a home business right now in this crazy economy is advisable or not. While they're 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 excellent time to begin a business from home.
You've probably heard the adage "do not put all your eggs in one basket". Many people hear that and they think it applies just to investing, but in fact it can mean a lot of things. One thing that it certainly applies to is your livelihood.
And in my book, earning your paycheck from only a job, where you're basically putting your livelihood in someone else's hands is an extremely risky type of putting all of 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 particular and predetermined amount of your time and a lot of your effort in exchange for a salary. That paycheck is a set amount (a wage) generally based upon an hourly 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.
It also means that they may pay you that same wage for 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 particular percentage usually less than 10% a year and these days generally far less.
I know people who haven't gotten raises in three or four years when the economy started going south. And a company may and will always hold onto 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 decide to slash costs (of which you're a cost) then they can definitely do that. It's 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 have every chance in the world of making a silly decision that not only affects their profits and wellness as a company, but yours as well.
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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