A Sagging Economy: A Perfect Time to Start a Home Business!
The 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.
What's 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.
Some Do's and Don't s to consider:
Find a market: Obviously, this would not be the time to
start a travel agency or sell time condo time shares. Think
*recession-proof*. What will always be needed/ in demand?
What can't your future clients live without?
I recently joined a nationally known company as a part-time
distributors 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.
Believe 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 form a hobby or passion. Employ your
knowledge and interest in a particular field.
Do your 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.
Set 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.
Priorities...let's 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!!
Good luck!
Barb Niehaus, webmaster, publisher and mom of 4, is
committed to helping those who are searching for the
"perfect balance between work and family".
To receive WAH jobs daily at no cost, mailto:
momsworkingathome-subscribe@yahoogroups.comVisit her site at:
http://www.moms-home-work.comTo find out more about Barb's part-time business:
momsathome@...[Non-text portions of this message have been removed]
