What are the benefits of owning your own Home-Based business versus having a JOB?

HERE ARE A FEW BENEFITS!

SECURITY

October 2003 statistics show ‘13 million people unemployed in the US alone’, yet at the same time reports show an increase to $3.8 million households now attaining MILLIONAIRE status based on cash assets! Of these MILLIONAIRE households 20% are BUSINESS OWNERS. Notice, too how many of those who make the Forbes ‘500 Richest’ list each year are Business Owners versus employees!

99.99% of people who lose their jobs will be looking for something to earn them a living. And facts also show that 88% of the US population would rather be self-employed and working from home, versus working for a company.

The Result?

A new home-based business is started every 11 seconds in the U.S. alone. That calculates to the starting of 8,000 new businesses a day.

A former senior editor for the U.S.-based "Success Magazine", describes in his recent book that a shift in thinking has resulted in over 14 million people working from home full-time, and another 13 million part-time!

This number is increasing by almost 600,000 per year!

The average work from home income is $50,250 per year.

Analysts estimate that 44% of all households support themselves, at least in part, from some form of home-based business, and that's in the U.S. alone.

By 2010 that number will be a staggering 69%!

Despite the statistics above, many people are hesitant to leave the security of a steady job for that of a home based-business. But, which is more secure?

Analysts say that people who work from home are, if anything, more secure, since their destiny is in their own hands — not those of supervisors who are watching out for the employer, not the employee. Indeed, home-based businesses have an average three-year survival rate of 85% (compared with only 20% for other new businesses).

Unless you have more than one job, being ‘fired’ from that one job means an end to your only source of income. Most people who work from home have at least several clients; getting “fired” by one doesn’t necessarily mean the end of their entire income. Experts suggest trying your home-based business part-time at first; you can then quit your job whenever you feel your business income will match or exceed your earnings as an employee.

People are deciding to take their futures into their own hands!

TIME FREEDOM AND FINANCIAL SAVINGS

Consider the time and money spent traveling to and from work alone. How much time and money would you have if your commute to work were simply from the Bedroom to your Home Office?

The Texas based International Transportation Association showed that in 2001 the average person spent 51 hours (that’s over 2 DAYS) sitting in traffic. That’s $69.5 billion in wasted time and fuel! When you work from your home, there’s no frustrating commute to and from the office. Using the power of the telephone and the Internet, you can live and work almost anywhere.

You’ll be able to use your home as your office, giving you potential tax advantages and ultra-low overhead. You can spend more time with your family, reaping not only emotional benefits, but also the savings of not having to pay for childcare. Much of your travel and your meals can now be considered business expenses. The tax-savings from that alone are tremendous!

Who’s the Boss?

You are! You decide what work you do, when and how much. 14 million U.S. home-based businesses are operated full-time. Another 13.1 million are operated part-time.

DETERMINE YOUR INCOME LEVEL

Ask almost any employee what goals they have with their present job and they will tell you: promotion, advancement and with that, a pay increase. Almost all employees feel they are overworked an underpaid; that they are not paid according to their true value. Why let someone else determine your worth and control your income potential?

As we mentioned above, the average home business earns $50,250 per year. However, the top 20% of home-based businesses earn more than $75,000 per year! (For comparison, consider that the average per capita income in the United States in 1995 was just $22,800. Even more startling is the fact that 18% of retirees will have incomes below poverty level; only 4% will earn over $33,000.)

SO, IS OWNING A HOME-BASED BUSINESS RIGHT FOR YOU?

Ask yourself the following questions:

Do you feel that the only way to change your present financial circumstances is to personally take control NOW?

Can you dedicate a workspace and a telephone in your home for your new business?

Are you self-motivated, maintain a degree of self-discipline, and have a strong work ethic?

Do you have a strong desire to start a home-based business?

Are you prepared to stay focused and consistent in building your business?

Do you feel you’re worth more than you’re presently earning?

Are you willing to commit at least 2 years to helping your business succeed?

Are you willing to leave your “comfort zone” to carry out your business plan?

And lastly, are you prepared for the BENEFITS?

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