Sagging Economy: A Perfect Time
to Start a Home Business!
nation's economy was on a downhill slide prior to September
11th's tragic events but now we are all feeling the effects.
Thousands of Americans have lost their jobs and the unemployment
numbers are expected to significantly increase. We are pinching
our pennies and exercising caution when it comes to large
purchases. Our once-secure jobs are hanging precariously
by a thread. Dot.com companies are failing at a rapid pace.
Recent college grads with MBAs are finding it difficult
to secure jobs.
the answer? Create your own financial security with a home
business! I'm not advocating giving notice but now is the
time to start the planning and developing of a business.
Do's and Don'ts to consider:
a market: Obviously, this would not be the time to start
a travel agency or sell condo timeshares. Think *recession-proof*.
What will always be needed/ in demand? What can't your future
clients live without?
joined a nationally known company as a part-time distributor
of weight loss and health products. America is a land of
overweight people that are constantly battling the bulge.
We all want to look and feel our best. Billions are spent
on weight loss products each year. I felt there is an overwhelming
demand for the products I represent in times of sagging
or bolstered economies.
in what you're selling...whether it's a product or service,
you have to be committed to the integrity of whatever you're
selling or offering. If you don't, no one else will, either.
Many businesses are born from a hobby or passion. Employ
your knowledge and interest in a particular field.
homework. Research the market you're targeting. Study the
demographics of potential clients that you hope to capture.
Know your business inside and out before you make your first
call or place your grand opening ads.
a budget...define how much you can comfortably start with
and stick with that figure. Be realistic, though. Talk to
others in your field and ask them to assist you in estimating
startup and operational costs. Never put more into a business
than you can afford to lose.
Realize the time involved...not just the time involved in
setting up your new business, but running it once it's functional
and operational. A home business is not a 9-to-5 day. It's
24/7, especially in the beginning when you're frantically
attempting to reach the point of turning a profit. It may
take months or even a year or so before your books are in
the black. Be patient.
not lose sight of why many of us start our own businesses.
Finances certainly are a driving factor but for the majority
of us, we want to be able to spend time at home with our
families while still earning an income. Family first!!
Niehaus, webmaster, publisher and mom of 4, is committed
to helping those who are searching for the "perfect
balance between work and family".
receive WAH jobs daily at no cost, mailto:
her site at: http://www.moms-home-work.com
To find out more about Barb's part-time business: firstname.lastname@example.org