With recent job losses due to outsourcing of work to other countries, major banks filing for bankruptcy, and the real estate market crash due to the subprime mess, many people are finding it hard to survive financially. Because of this, NOW more than ever is the best time to start an online home based business. Here are the 3 simple reasons why TODAY is the right time to consider starting one.1) Downward Economy = Opportunity to Look for Other Means of IncomeLet’s face it. The economy is not at its best right now and who knows when it will recover. While being an employee for a company may have been the best solution in the past, now more than ever, it’s up to us as individuals to find other ways to generate income to survive. With an online home based business you are in control of your financial destiny. It allows you to be your own boss and has the potential of replacing or exceeding your income expectations.2) The Internet…True Leverage at it’s best.With technology and the Internet, applications such as Facebook, Twitter, YouTube, & LinkedIn are examples of free Social Media tools that enable you to promote your online home based business. If done right, you can attract potential prospects who can eventually become customers or partners with you. Also, Fortune 500 companies such as Starbucks & McDonald’s are now offering free wireless Internet access to their customers. With these technologies in place, working from home or having a virtual office is now possible more than ever from anywhere around the world.3) Tax AdvantagesJust like any traditional business, such as a franchise or a corporate business, an online home based business has tax advantages as well. You can write off your expenses related to your business such as your Internet connection, usage of your cell phone, business travel expenses, having a home office, and education and training events that you’ve attended. Keep in mind these are some of the things that can be written off but please consult a professional tax expert or CPA for any tax advise that you may need.So while many people wonder when the economy will improve and/or how to survive in today’s unpredictable financial situation, having an online home based business makes more sense NOW more than ever. It allows you to be your own boss, leverages technology and the Internet, and gives you great tax advantages that you ordinarily would not normally get as an employee.
Home Based Business – 3 Simple Reasons Why NOW Is The Time To Have an Online Home Based Business
Partnering Up for a Successful Home Based Business
Partnering Up for a Successful Home Based Business can reap huge rewards and give you an avenue for ideas.
Search online for many home based businesses and you’ll find business partners and married couples operating successful businesses. It makes perfect sense given the amount of work and skill sets needed to make money online. When formulating your business with the intent on working together, I offer the following advice.
A. Focus on Strengths Not Weaknesses
It is much more productive to spend your time performing tasks which you’re good at as compared to working on weaknesses. This is not to say you should not commit to learn new techniques, but the immediate success of your home based business is based upon identifying your strengths and putting them in action. Ideally, your strengths will complement each other, and diversify your ability to positively impact your business. Ask others you currently work with what they think your strengths are. If you ask 6 different people, you may get 6 different answers. But there should be a theme present.
B. Identify and Delegate Business Responsibilities
This is critical in terms of time efficiency and workload. By partnering up, your ability to accomplish more should be the goal. Avoid duplicating efforts, and assign business responsibilities which one person can accomplish. This will allow your home based business to be on a fast track to success. A wiser person than me gave me focus as to delegating a days responsibilities. Take the easiest ones first. This can make room for the more time consuming tasks.
C. Focus on Your Business, and Try to Limit Personal Distractions
For many of us operating a home based business, we’re well aware of the distractions which can be present when working from home. If you’re partnering with a spouse or close friend, the potential for personal distractions can be a potential danger and interfere with your business. You are going to get sidetracked at times. After all, a home based business does provide benefits which you cannot find in a traditional work environment. Bottom line however, is when you’re working, try to focus on work. Schedule breaks to catch up on personal issues.
Partnering up and running a successful home based business offers a ton of benefits. Keep in mind that your business is a business, and you’ll reap the rewards you’re seeking. Also remember that your the boss. Set your day as to how you would structure it.
Good Luck
Mike
4 Great Benefits That Will Change Your Perception of a Home Based Business
The world is not exactly how you view it – beautiful, easy and simple. More often than not, it’s the total opposite. If you’re experiencing life’s sucker punches and finds it a challenge to make both ends meet through your regular office work, this might be the perfect time to change the path of your career. How are you going to do it? Simple! Consider a home based business. If this sounds new to you, now is the time to test the water, take the plunge, and discover the many benefits of working from home:You own everything – your time included!This is one of the greatest things of working from home as your time becomes flexible that you need not follow specific standard working hours. Everything depends on your own pace, time and availability. Starting up a home based business can pave the way for you to enjoy your time whilst earning as you need not burn your seat from hours of working. You can always choose to loosen up for a while especially when the need calls for it.You hold the title of being boss – of your own self!Yes, you read it right – your own boss! Gone were the days of always following a cruel superior’s orders, overboard company policies and dealing with other difficult authorities. Now, as you make your own home based business, you likewise freed yourself from the shadows of monster-like people who boss around and give relentless commands. When you work from home, you somehow eliminate if not lessen dealing with this kind of people and be your own boss.You become King or Queen of both worlds – your household and career life!Yet, to an elevated degree! You may be working from home with a home based business with almost all of your time meant for work, but still, you remain to be king or queen of both worlds. Picture this: When you work at an office, you give your household less importance because most of your time is spent at your workplace. Unlike when you work at home full time, you both get to focus on two major things in your life – your household and career.You create better relationship with the family – something money cannot compensate!The biggest problem of busy people is time. They find it difficult to juggle between their professional careers and their family life. Given this, they somehow create barriers in their family relationship. They slowly become paying guests at their own house. The only connection left is the roof above their heads. If you’ve been like this for so many years, now is the time to consider working from home. This provides you better opportunity to mingle and communicate with the family more often.In A NutshellA home based business is indeed worth a try. By all means, you won’t lose anything. Instead, you gained a fallback. If you think that your regular work isn’t doing enough for your finances, trying this new venture will certainly change how you view working from home.