Starting a Home Business In a Crazy Economy – Is it A Good Idea or Plain Stupid?

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Lately I’ve been getting a common question when talking to people about starting a home business.

These days people are worried, and rightly so. They wonder if starting a home business right now in this crazy economy is a good idea or not. While they’re struggling to keep their job, they’re wondering if starting a home business is wise.

But that very fact, the fact that they’re feeling like they’re struggling to keep their job, is enough to prove my fact that right now is a great time to start a home business.

Why Starting a Home Business Now Is Nearly Perfect Timing

starting a home-business

You’ve probably heard the adage “don’t put all your eggs in one basket”. Many people hear that and they think it applies only to investing, but in fact it can mean many things. One thing that it certainly applies to is your livelihood.

And in my book, earning your paycheck from ONLY a job, where you’re basically putting your livelihood in someone else’s hands is a very risky type of putting all of your eggs in one basket.

Let’s think about what it means to have a job. When you work for someone else you’re giving them a certain and predetermined amount of your time and a ton of your effort in exchange for a paycheck. That paycheck is a set amount (a wage) usually based upon an hourly rate. So they offer to pay you per hour for every hour you put in.

That means that if you don’t put in that hour, you’re not going to get paid.

It also means that they can pay you that same wage for as long as they like, until you prove without a shadow of a doubt that you’re worth more. And then, that hourly wage is only going to go up a certain percentage…usually less than 10% a year…and these days usually far less.

I know people who haven’t gotten raises in 3 or 4 years when the economy started going south. And a company can and will always hold onto that excuse that the economy does not allow them to give you a raise.

Ok with all of that said, they’re also in control of your paycheck because they make the decisions within the company. If they decide to slash costs (of which YOU are a cost) then they can certainly due that. It’s called a lay off. Or if they decide to shut their doors, they can do that as well. Or worse, since they make all of the decisions, then they have every chance in the world of making a stupid decision that not only affects their profits and well being as a company, but yours as well.

Now, most people opt for a job because they feel like it’s a more secure paycheck. But after reading the above…is it?

Starting a Home Business Puts Your Livelihood in Your Hands

Of course I’m not telling you – nor do I ever tell anyone – that you should quit your job.

That would be foolish of me to tell you that, as well as foolish of you to do. But what I am telling you is that starting a home business is a great way to not only supplement your income but act as a hedge against all that I’ve explained above.

Yes, right now is a crazy economy. But that just means that the chances that you’ll lose your primary job are much higher. You only need to look at the unemployment numbers to see that.

Yet, if you’re selling a product that people want and need (such as the products and opportunities that my wife Ann Feinstein and I sell) then there’s always a chance for a sell, and a great chance that you can make a ton of money with your home business, in any economy.

Bottom line, don’t let fear dictate such crucial moves in your life. Always analyze what your situation truly is like, such as I did for you above. And don’t put all of your eggs in one basket, especially when it comes to your livelihood.

Now is possibly the best time ever for you to start a home business…find out exactly how with the best chance of success by clicking here now!

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