8 Significant Elements to start working on your own Home Based Business.
1. Home Based Businesses boom right across the continent and also worldwide ---
There is no more corporate nor an employee loyalty; corporate greed is looking after its own interests only; many a CEO is performing very poorly but still getting paid huge salaries and benefits, many a time closing their doors in over night manner, vide just recent ATA airliner. There will be many more to follow.
2. Ever increasing high risk of being unemployed ---
It’s been said over and over again that the greatest financial risk a person could take in life is to work for someone else. Just have a look how many older people work at fast food joints flipping burgers to supplement their pensions or simply forced to do so for they experienced a rude awakening of not having company pension at all or being fully dependent on the illegal pyramid made legal --- Social Services or Old Age Pension.
3. Low investment to start the Home Based Business and much lower risk ---
High return on individual efforts; very high income potential; no special licensing required, no franchise costs or fees; team support and most of all, inexpensive affordable access to relevant education.
4. Open to everyone, with equal pay for women ---
This reason, in my opinion being one of the most important. Home Based Business is open to labourers, skilled people, tradesmen, teachers, nurses, medical practitioners, professionals, High School dropouts. Everybody knows something about something, has knowledge, passion, hobby and experience from the job or profession, can take that experience and turn it into significantly profitable on-line Home Based Business with no special skills needed. Relevant business training and money management is in most cases available for no cost or very minimal fees.
5. Access to national and international, global markets ---
Opportunity to conduct your business on all levels – locally, state or province wide, coast to coast in Australia or Japan, worldwide; independency from local, regional or country’s economy situation, choice to live anywhere we desire, small town, by the lake, farm, top of the mountain, on the beach in Hawaii, anywhere where Internet connection is available.
6. Residual income ---
No more trading our time for money; target marketing that works for you 24/7/365 will bring results, sales and income even when you sleep or enjoy your vacation. In case of involvement in Network Marketing, through the team work of many worldwide, your group working hours can extend thanks to compounding to unlimited hours in one work day! Leverage and Metcalf’s Law in it’s full force!
7. Significant tax advantages ---
The same write-offs as corporations; lower taxation rate; part of the mortgage write off; travel expenses; even family vacations; legal use of tax shelters abroad or off-shore.
8. Ethics and Values, that in corporate world are following the path of dinosaurs ---
Life with passion and purpose; leading and showing others how to succeed; teaching critical life skills such as how to become debt free and financially independent; global movement of spreading knowledge, for knowledge is power and proper use of acquired knowledge represents financial freedom, relaxed well-being and most of all unique lifestyle that is simply unattainable in the corporate world.
Answered By: StanTheMan - 5/11/2008