We'll take a careful look at a home based business a little further on but I wanted to tell you about this young lady because it should get you wondering about the possibilities ofyour own spare time!
Did you know that most of the world's great men and women have achieved their true life work, not in their regular occupations, but—in their spare time?
A certain image has been promoted about being your own boss and having your own home based business. Along with this image is the concept of leaving the "crappy old job", the long hours and the "annoying boss", so you can have a comfortable and flexible lifestyle that is totally controlled by you.
Well, it is true, sort of, but it’s not going to be easy and you're going to lose a lot of things you took for granted in your "old crappy and so-called secure job" when you start your own home based business.
At this point I need to mention a few things you might want to consider before quitting your job and go full time into yourown home based business.
Maybe, as mentioned above, consider starting your own home based business in your spare time instead.
A. You'll be able to write your own paycheque!
Now I know that no job is 100% secure and it would seem that being in control of your income with your own business is more secure than a job.
But when you are first starting out it sure doesn’t feel that way.
Your sales/income will go up and down and you're never quite sure when or where your next dollar will come from. You can have some fantastic months and then some low-down skunked rotten months and the only thing you can be sure of is, you can't be sure of anything.
You may wonder,"why oh why did I leave a steady pay cheque for this!" Well let me tell you, even an old and well established business can't be certain sales will keep coming in every month.
B. You are your home based business... make it a reflection of you.
In your present job,when you leave work, you leave work.
Not the case with small business owners. They live and breath their business, so they don’t ever really leave work.
I personally love it and enjoy the choice of working on any particular day or just goofing off. You can have that luxury once you get well established and have managed your business so you almost have it on autopilot.
More than likely when you first start your business, you won’t be working 9-5 or even 8-6. You'll probably be totally on your own until you can justify hiring help. Maybe you won't need to hire any help if you have your business set up on autopilot.
BUT... Do be realistic in your expectations and above all keep your life in balance.
C. Create your own pension.
As a business owner, you're in charge of your own retirement.
This is an added worry that you don’t have when you're working for a company that has a nice pension plan. Time off is not familiar to many business owners. So,if you are looking at starting a small business based purely on financial rewards, then you might want to change your thinking.
Only a small percentage of business owners become very wealthy. Most just earn an above average income, but most of those owners love their lifestyle and only work as hard as they want to. If you have your own business, then the potential to make you rich is certainly there, but then again, it may never make you rich.
Speaking from my own experience, having your own business will make you a happier person if keep your goals simple and will be satisfied by choosing a lifestyle over riches.
Many people can and do get rich. Will you be one of them? That is up to you, but the happiest people I know are rich without the material wealth.
D. Working For Yourself Can be a Lot of Fun!
If you're going to miss your Friday afternoon drinks with your work buddies or the company functions, or the "belly-achingsessions" about the boss, then that's something more for you to consider before you, "kiss it all goodbye." You can however, always get together with your former co-workers after hours and get your fill of the "belly-aching" and then you can smile and go home.
I know this sounds like I'm being very negative, but I'm not. I feel these are things you should be aware of so you can make a properly informed decision.
"Don't wait. The time will never be just right."– Napoleon Hill