Why Start A New Business

People have numerous reasons for wanting to start a business of their own.

• You are afraid of corporate down-sizing and want to take a proactive step to securing your future.
• You want the freedom of working your own schedule without having to "ask" for time off from work.
• You want to travel less and spend more time with your family.
• You have a burning desire to earn what you are really worth.
• Any of the hundreds of other reasons people want to start a business.
  

Starting your own business can be one of the most exciting things you ever do. It can also be the most frightening, risky and nerve-racking thing you ever do as well.

You will be giving up your steady, "guaranteed paycheck". In return for giving up your paycheck, you will have the possibility to earn paychecks as large as, or 100 times as large. Of course, there is a possibility of not seeing another check as well. If you are comfortable with this fact, you are one step ahead of the pack.

Before you tell your boss to "shove it", be sure you have at least 4 months of your current salary saved up in the bank and have a solid plan of attack for your new business. If you don't turn a profit in the first two months, you will still have money to eat with. Unfortunately, it can take 2 or more months to bring in any money whatsoever, so it is important to have a bit of a nest egg or safety net.

The benefits of starting your own business far outweigh the costs in my opinion. Here are just some of the things I have enjoyed since starting my company.

• Freedom to use my imagination
• Unlimited earning possibilities
• My paycheck is directly reflective of my effort
• Very flexible schedule
• Don't report to anyone whatsoever
• Great tax write-offs that I normally wouldn't have
• Being a happier person overall
• Dress how I want to
• Proud feeling of what I do for a living
  

These are things you just can't experience when working for another company. Before jumping into business for yourself, I would highly encourage you to weigh all of YOUR options and see if the pro's outweigh the con's. If so, go for it, but make sure you go for it 110%. A partial effort will surely lead to failure, and a failed business can really damage your self esteem, cause household problems or worse.

I know you can do it, you just have to convince yourself of it now. Good luck to you!

Read more...

Home Based Business

Today, more than ever, more people are choosing to work at home. The search for a better work-life balance, rising property costs, the availability of new technologies and an upsurge in domestic entrepreneurship all contribute to the continuing upward trend in people making the decision to work from home.
World Work at Home Trend

According to Money Magazine, every 11 seconds someone starts a home based business that allows them to work at home. Also 20% of work at home businesses gross between 100k and 500k per year.

There are more type of businesses suitable for work at home entrepreneurs than ever before. Modern technology has opened up huge opportunities and that has lead to the creation of many more different types of businesses that can be run from home due to cheaper equipment and better means of communication.

World wide the work at home trend has been on the increase in the past few years;

• US - The findings from the US Bureau of Labor Statistics show that 20.6million people (15.1% of its workforce aged 16+) are engaged in work at home businesses.
• Canada - In the year 2000, approximately 2.8 million (17%) Canadian workers (1.4 million or 10% of employees, and 1.4 million or 50% of the self-employed) did some or all of their work from home, up from 2.1 million (16%) in 1995.
• UK - Latest figures from the UK National Statistics agency confirms that there is no levelling off in the increase of home-based work. 3.1 million people now officially work mainly from home. A further 1 million people in the survey were found to be working at home on a more occasional basis.
• Australia - Overall, the prevalence of teleworking or home-based work in Australia has increased from a low base over the last decade. Measures of telework incidence change depending on the definition used, but there are around 1 million or 11 per cent of workers in Australia regularly working from home.
  

Choosing the right work at Home Business

If you are thinking of changing to a work at home career it is important to make sure you make choose wisely; picking the right work at home business suitable for your domestic situation and work experience will ensure you spend the right amount of hours each week, that you take the right level of risks, that you are practical in terms of your finances and that you gain the kind of satisfaction and success that you’ve dream of.

First decision you have to make is how much time you want to devote to your work at home business. Will you decide to go with a full time business model which means leaving behind whatever it is you are currently doing and devoting all your time to your new business venture? or will you start off part time along side your current full time employment?

A work at home business has many upsides to it. There are usually less risks and a lower start-up cost than a brick and mortar business, simply because you do not have the expense of real estate, staff, etc.

Work at home businesses are easily scaleable. You can make them as big or small as you need them to be and you will have virtually no commuting time. You can outsource some of the work to keep things simple. You can hire companies to do your

Read more...