A Perspective on Self Employment
Home based businesses are a great way to counter the unemployment scenario across the world. With the economic recession and associated layoffs, unemployment has worsened. Some people are smart enough to get to self-employment and earn money while others keep pondering over their fate. The best option for self-employment is to go for a small business that you can run from your home. Such businesses are easy to setup and may not require specialty skills.
People forget they have a talent. In the race for a better career, they tend to ignore the best opportunity - starting a businesses based in their home - the opportunity that is present right in front of them.
This is because their minds are focused elsewhere: procuring corporate jobs. They wait endlessly and attend dozens of interviews to get a job that gives them a false feeling of a protected life when compared to self-employment.
Why Do People Prefer Corporate Jobs?
The general notion is when you work for a reputable corporate house, you have a stable job for life. Of course, the companies offers perks such as insurance, pension facilities, and more. However, people forget they can be laid off at any moment and lose all the perks. On the contrary, people working from home have more options when compared to corporate employees.
A self-employed person knows his/her business will face its ups and downs. Naturally, he or she will take precautions to counter such bad phases. These include savings, insurance for computers and other equipment, as well as individual insurance. These are the same perks corporate jobs offer. The only difference is you won’t fire yourself or lose these perks.
The downside of course is that you never know how much you’re going to make each week or month. But, you can be sure you will be earning instead of waiting for a job and spending money on attending interviews, etc.
Who Can Be Successful Working Here?
Almost everyone can start a business in their home. However, the ones who make it really big are slightly different in their mental approach to their home business. They want to succeed no matter what obstacles they have to cross. They want to be their own boss. They know that if they succeed, people around them will also succeed. They do not work for a fixed amount of money per month. They work to bring their business to the top. They are the entrepreneurs. Such people will not stop once the monthly or weekly goal of their business is met.
You need not be brilliant or smart to start a business that runs from your home. All you need is a strong determination and patience. You need not have millions in your bank account to start the business. You can start with whatever you have. As regards to experience, you gain it at a fast rate as you continue with your business. You must not give up if your initial efforts are wasted. Instead, you should analyze to improve your business.
No Need to Invest a Fortune
Self-employment means using one’s own talent and resources to create a decent income. In the process, the entrepreneurs running businesses at home, create an environment where they offer jobs to plenty of other people thus reducing the nation’s unemployment scenario to some extent.
One may say that opting for self-employment means much investment. People may need to generate ideas and implement them, in the process spending more money than they can earn. If you are planning to rent a big office space, you’ll have all kinds of expenses to implement your idea, such as opening a car showroom in your locality.
However, what if your idea is to setup a car showroom on the Internet? All you need is some smart research and a good website, and access to a car inventory. Get a computer with an Internet connection, host a website, and sell cars on the Internet. The entire expense of setting up a business at home is less than 95 percent when compared to a standard outdoor business.
Fewer expenses means more profits. More profits means paying reasonable Income tax, which in turn, increases the nation’s GNP. A work from home business has more potential that caters to not only the individual but also to the entire society. If carried on properly, self-employment, through a business running out of your home, helps reduce unemployment thus making your nation’s economy even stronger.
Image from Wikimedia Commons by GeorgHH
Author’s own experience - The author has a home-based business where he deals with data entry and translation jobs.