Nowadays people are concerned, 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 sensible.
But that very fact, the fact that they are feeling like they're struggling to keep their job, is sufficient to prove my fact that right now is a fantastic time to start 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 only to investing, but actually it can mean a lot of things. One thing that it definitely applies to is your livelihood.
And in my book, earning your income 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're giving them particular and fixed amount of your time and a lot 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.
That means that if you do not put in that hour, you aren't going to get paid.
Additionally, it 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'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 generally much less.
I know people who have not gotten raises in 3 or 4 years when the economy started 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 since they make the decisions within the company. If they choose 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 as well. Or worse, as they make all the decisions, then they've 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 because they feel like it's a safer paycheck. But after reading the above - is it?
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