Yesterday we learned that 74% of all wealth is created by people who own their own business. Below are a few facts about owning your own Business, specifically a Home-based Business that you may not be aware of.
Fact: The fastest growing segment is Home-based Businesses.
Fact: A new Home-based Business is started every 11 seconds.
Fact: Unlike traditional Business start-ups, 95% of Home-based Businesses succeed in their first year.
Fact: 85% are still doing well after 3 years.
Fact: People who own a Home based Business have an annual average income of $50,250, more than double the average American wage.
Fact: Owning a Home-based Business is the best tax strategy in existence today!
Today we will overcome the two roadblocks most people run into when attempting to start a business. Then show you how to fund a new business and put money in your pocket this month! The two reasons people never get their own Business off the ground, are FEAR, and lack of capital.
FEAR.
First lets address the fear issues. Most people used to believe that working for a major corporation was a safe place to earn a living. In recent years, as downsizing, massive layoffs, and total disregard for employees, has become the way of life in major corporations, the perception has changed. Most people realize that they have no real security working for someone else and, if you don't own your own Business, you always follow the same rules.
Rule #1: He who owns the company makes all the rules.
Rule #2: If you don't agree with the owners decisions, see Rule #1.
Still, employees routinely sell themselves to a company at far less than they are worth in the name of security. Your employer tells you how much you can make, when to come to work, how long to work, when or if you can take time off, and most employees soon find themselves in a trap.
They don't earn enough income to provide the things they want out of life, so they begin to use leverage in the form of credit to acquire the things they cant afford. Soon they make just enough income to service the debt and monthly bills, and are now trapped in their job. Even small increases in wages are soon offset by additional purchases and all the while the interest on their debts, eats their income up at alarming rates.
At this point employees ride a fine line between maintaining their debt service and total financial collapse, AND they have no control over their income. The employer or company can, and routinely does, layoff, right size, downsize or FIRE (the old fashion word for it) the employees.
What would a 90 day job search do to your present financial condition? Could you get by with ZERO income for the next 90 days? What if on the other hand you had a Business started that created passive monthly income larger than your monthly bills. Would your loss of income matter?
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