Tuesday, October 15, 2024

Home Business: Be Self Employed

Many people think about how to be self employed. Moms and Dads want to work from home and make money with a laptop sitting on your kitchen table. If you're thinking about a home business, the economy is ripe with potential for success.

No one disagrees that the economy has been brutal and many people from all walks of life hesitated to start a business. Some startups failed. Many filed bankruptcy.


Today, Bidenomics seems to limit opportunity but tomorrow generally offers change. Focus on the income you expect next year. Start now. See tomorrow.

Head of household moms and dads need income not just today but as the economy improves and people begin to invest in America again. Young people just graduating who couldn't find a job can now see possible wealth in the future by generating their own life-changing income.

Baby boomers, early retirees and downsized employees all could feel financially secure with a self-made source of income... working from home.

Everyday people who had a great job, lost that job due to Covid, struggled and now maybe credit card limits have been maxed and “income” is essential, whether from a traditional job market or an Internet business.

For the last three years, highly educated professionals work for minimum wage. Retirees on a fixed income can't make basic ends meet.

Those who felt moving in with family members was their only option, may now no longer feel that way. Who sees being homeless in their future?

Yes, a home business can be the answer to a prayer for many.

In the long-ago past, compared to the security of employment, not so many have taken the work at home business path, mainly because they were fairly comfortable with the status quo. Good jobs and healthy paychecks were around every corner. There was really no reason to investigate further, put in the extra time, or find out if it was possible.

Of those who launch a home business for whatever reason (to "earn a living" from the spare bedroom, create extra income, save for a house, the kid's college or retirement... now is the perfect time. The stories told about the riches made are a little incredible. Is it still possible today?

It's always been good to consider the potential income from work at home business, but in a down economy, it's more than a "I think I'll try it," isn't it? At least a lot of people think so.

First, a person in charge of making their own money usually does much better and is more secure, both short term and long term. Self-employed individuals may never have to worry about whether social security will be there for them.

Second, self employed income is unlimited. No doubt that there are many good outcomes, but the most important aspect of being your own boss is that when you work for yourself from home, your income is in direct proportion to your effort.

Maybe this is the new definition of job security.