Sometimes the unexpected comes and it hits you right between the eyes. One day your enjoying producing for the company that you have worked for nearly 20 years, the next day your out on the street without any job prospects. In May of 2009, I found myself without a job, in the middle of a declining economy, having to find a new job. No problem right? After a few month of searching, it was not just looking for a particular job in my career niche, it was looking for any job. I had to feed a family of four, and each day without a job, heightened the tension at home. Can you relate to some of this pain?
If you are that person that has worked in the traditional workplace with your own brick and mortar business, or you were working for someone who owned one, you need to consider what some of the economist are saying about the hesitance of traditional business owners in hiring new employees. You might have to reconsider where you are going to find your next job. Many of the unemployed are considering the Home Based Business industry. There are many good reasons for working out of your home. Four key reasons are:
Whether you believe the economy is stabilizing or not, employers will continue to have cold feet about the economy. They will be concerned about overall costs and they will be very conservative in hiring additional employees. It was hard enough to let go of those hard working employees when the economy started to decline. It will not be as easy to find a traditional job as it once was because of cautious employers. A second good reason for considering home based business is the freedom you and your family will experience.
What was that word Mel Gibson screamed out as he was fighting for a most important cause, ‘FREEDOM’, that is what you will have plenty of. Freedom to spend quality time with your family. Freedom to work when you want to work and how long you want to work. Vacation time is not restricted. You are freed up to be involved in events that are of very high priority to you and your family such as, your involvement in the church, community, politics, school, sports, and it goes on and on. A third reason is the cost factor. Without a job and the necessity of keeping a tight budget, a home based business can be very affordable.
Lower start-up costs. You are already at home, so you will not have to find a rental office or lease. If you are the sole employee, there will not be the cost of paying employees. Your clothing allowance will be minimal. Transportation costs will be cut down because you will not have the daily commute costs. You can also eat your wife’s leftovers for lunch, I am assuming that is a positive thing! And if you get the right online home business, inventory costs can be minimal. A fourth reason for a home based business is some of the tax advantages one can have.
There are many tax breaks you can take advantage of as an owner of a home business. There will be many business deductions that would not be available to you in a traditional business. You need to check the tax laws for the proper deductions or have your tax accountant do that for you.
You might be the type of person that says, the traditional workplace is the only place for me. I wish you the best, but after months of searching and still with no job, you might need to consider moving in another direction job wise. Would you consider the possibility of looking into a home based business? There are many advantages!