Nowadays people are worried, and rightly so. They wonder if beginning a home business at this time in this crazy economy is a good idea or not. While they are 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 are struggling to keep their job, is sufficient to prove my fact that right now is an excellent time to begin a business from home.
You have probably heard the adage "don't 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 a lot of things. One thing that it definitely applies to is your livelihood.
And in my book, earning your paycheck from only a job, where you're basically putting your livelihood in somebody else's hands is a very risky type of putting all 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 ton of your effort in exchange for a salary. That salary is a set amount (a wage) usually based upon per hour rate. So they offer to pay you hourly for every hour you put in.
That means that if you don't put in that hour, you aren't going to get paid.
It also 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 are worth more. After which, 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 haven't gotten raises in three or four years when the economy began going south. And a company can and will always keep that excuse that the economy does not permit them to give you a raise.
Ok with all of that said, they're also in control of your paycheck since they make the decisions within the company. If they decide to slash costs (of which you're a cost) then they may certainly do that. It is called a lay off. Or if they decide to shut their doors, they may do that as well. Or worse, since they make all the decisions, then they have every chance in the world of making a silly decision that not just affects their profits and well being as a company, but yours too.
Now, most people choose a job because they feel like it's a more secure paycheck. But after reading the above - is it?
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