Internet brings business entrepreneurship home
Internet Brings Business Entrepreneurship Home
by Michael D. Hume, M.S.
There’s never been a better time to get into business for yourself.
For one thing, you now have more reason to want to own your own business. The political/economic climate in the U.S. is making it more and more difficult for businesses, large and small, to create and maintain jobs for other people. Your job may be threatened by a variety of factors that impact your employer’s ability to keep you on, and neither you nor your employer may be aware of some of the more subtle difficulties on the horizon. How will the U.S. government’s tax-and-spend agenda affect your employer’s business, and therefore your job? When will it be “safe” again to invest in plants and personnel? Will the much-heavier tax burden you will soon personally bear render your income suddenly insufficient? In order to carry the extra load of mandated health care for your colleagues, will your employer have to let you go to make room in the budget?
There’s no question it will be harder and harder to make it on what you earn at work. But before you go looking for a second job from a second employer, you’d be smart to think about making your own job, right at home.
Income from your home business can be sheltered somewhat from the tax man because you may be able to take advantage of some write-offs that were off-limits to you before you started your business. And once you’ve established an income stream, you’re in control of your effort, time, and investment of energy and talent. No one can lay you off.
Meanwhile, more good news: the internet brings a home business within the grasp of virtually anyone. Compared with starting a traditional “brick and mortar” business, your “click and order” business will require much lower investments of time, energy, focus, and capital. Ten years ago, you would not have had the entrepreneurial opportunities you have today.
Maybe you’ve been looking around at the work environment surrounding you and wondering when things would get better… when business would pick up… when people would stop snarling so much… when the general anxiety would subside and a return to optimism made possible. An unprecedented number of people are now members of what I call the “working worried.” If you’re one of them, let me suggest that action is always the prescription for worry. So stop worrying and start acting. Think about how you can create your own income at home, at least as a hedge against the worrisome world of working for a living today.
?
?
