Home Business Info

Home based businesses come in lots of shapes and sizes. It's not for everyone and it can be the hardest thing you ever do and the most fun.

Some people are perfectly content with going to a job everyday. And there is nothing wrong with that. It takes sales people, nurses, attendants, public safety, and many more to make every day life functional.

  • You may be looking for a home business but is it right for you? 
  • Can you stay focused on the tasks at hand? 
  • Do you have the desire?
  • How many hours can you devote to your business?
  • What kind of business do you want?
  • What are your income goals?
Your home business can be aimed at supplementing the income or replacing the income. My personal goal is to replace the income. But for now supplementing works just fine.

How do you choose a home business? Some suggestions are doing something you enjoy like yard work or pet sitting. Other options include network marketing - you know the dreaded selling to friends and family (but the Internet has changed that), freelance work, baby sitting, typing and more.

Decide how much time you can commit to your business, how much money it will take to start and how long you are willing to put in the effort to be successful. You've got to be able to devote some time, energy, effort and/or money to build a successful business.

And you need to find your focus.

Maybe a part-time job is sufficient for the short term if you are just looking to supplement and pay off some bills. So do some careful consideration before you jump into the Home Business mode.

Some interesting info and food for thought:

According to some statistics that I saw recently - in the US only a few hundred dollars a month is all that is needed to prevent foreclosure on a home, to start saving for a rainy day or retirement, to pay off bills.

According to http://www.financial-planning.com
  • 46% of all American workers have less than $10,000 saved for retirement
  • 29% of all American workers have less than $1,000 saved for retirement
  • In 1991, half of all American workers planned to retire before they reached the age of 65. Today, that number has plunged to just 23%. 
  • According to one recent survey, 74% of American workers expect to have to work even though they are “retired.

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