Empower Yourself by Starting a Home Business Part-Time

It’s totally obvious that there are no guarantees in life. Anything can happen to anybody at any time, positive or negative. The only thing we can control is how we deal with everything, and in what we are able to do in our lives.

emPower Your Life

Naturally we should make the best effort we can to ensure that things turn out well for all concerned as far as we have the power to influence. Again, though unfortunately this does not dictate that everything will remain as it is or improve, and it may be quite the opposite.

So unless you have an iron-clad contract at your job, then you need to be aware that the job could disappear one way or the other, today, tomorrow or the next day. Sometimes this can even be where ‘punishment for a job well-done’ can occur, in that for example in a workforce reduction for the purpose of saving money for the company, they may eliminate the people that have the most experience, do the bigger jobs and/or are consequently higher paid.

In a situation like this where they may be trying to save the company, they have absolutely no compunction about impacting customer service. Believe it or not in many cases, they do not consider either the employee or the customer, but more than likely the stockholders. It looks good when they can reduce their operating costs and that is ‘the bottom line’.

In a dire straights situation they also do not consider that you are a person, but rather you represent a ‘position’ or expenditure. As the saying goes, ‘it is nothing personal’ and it isn’t, from either a positive or negative perspective. It’s the ‘cost of doing business’. The fact is that you really have no control over your own destiny if you remain in a vulnerable spot like that.

You will be pleasantly surprised even before you earn your first dime from starting a home business, how much stronger and less helpless you will feel. Why? Because you are taking control and from this position of power you can build more and more momentum in your self-confidence and self-esteem. Your motivation to succeed will also increase exponentially every time it occurs to you that you are in control.

The smartest way to go about this is to start saving your money now – first of all so you will have a little operating money for starting a home business, and secondly to begin to create an emergency fund in case something should happen to your job or main source of income.

While you may feel that you have sufficient credit to cover you in a crisis, (or to start a business), this is a big mistake (unless you wouldn’t mind possibly filing for bankruptcy eventually and of course thereby losing your credit). Keep in mind that bills need to be paid on time. Funny money is not so funny really when you find you have over-extended yourself and still have no way to make any of those ‘balloon’ payments you planned on to clear up the balance.

You need to take this really seriously and attempt to determine what kind of a business you might start. Note here that it is vastly less expensive to start a home business online, than trying to open up a brick and mortar business; and much more convenient to have an online business as opposed to a second job.

Howard Whittington

 

 

Howard Whittington


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Take Control of Your Own Life – Start a Business at Home

Hopefully it will never happen to you, but you should know it is a possibility. That is that the job you might love and excel at is suddenly eliminated. Through no fault of your own the company has made the decision to eliminate your position or your department. This may be due to a ‘workforce reduction’ or ‘outsourcing’ implemented as a cost-cutting strategy; or may be due to a merger with another company where your department or position may be seen as redundant.

get a grip!

For whatever reason it is really shocking when it happens. Companies don’t give you much warning typically because they do not want to have their systems or efficiency possibly sabotaged. In fact they are advised to let you know on a Friday afternoon so that you have the weekend to get over the shock. Usually if the company is even half-way decent they will give you pay in lieu of notice, and usually that is calculated by something like your years of service multiplied by 1 week. They will also pay you in lieu of vacation time you may have accrued but not used.

Assuming that you have not done anything wrong it is not the same as getting ‘fired’ where you wouldn’t see severance pay. Being ‘laid off’ without cause, in some states you would automatically qualify for unemployment insurance. So you have a little buffer zone there if you put all of your funding sources together. You can live while you seek a new position.

Herein lies the rub, however: If this ‘downsizing’ is during a recession or other times of high unemployment, finding another job is not always a slam dunk, no matter how good your qualifications, experience and reputation. Many companies will not create new positions and will not fill positions where people retire, quit or are fired. They will just do without and this along with everybody looking for work at the same time reduces the number of jobs available.

So while you should spend time looking for a job, you may also consider ways you can create an income regardless of what anybody else does. You can do this by starting an online home business right away. The reason to still look for a job however is that it can take some time before a new business will start earning money. You might want to consider it a part-time or ‘extra’ income strategy. The more time you are able to invest, the more you may see that maybe you don’t want another job and you just want to work in your business at home full-time.

The time to plan for a disaster like losing your main source of income is to get something going BEFORE it happens. If it never happens then even better, because everybody can always use the extra income to pay off bills, go for a vacation or make a high ticket purchase for something necessary like a new car, repairs on your current vehicle, or medical expenses.

The point is you need to be in control so you are not vulnerable to financial ruin at the hands of the economy or business mismanagement. Do it now. Avoid the rush.

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Howard Whittington