Recession Proof Your Income Now

Thinking about a home based business but are not quite sure if you should
invest money right now? I found an article I would like to share with
you that gives an honest clear understanding of why now is the time to
own your own business and work from home. HERE:
http://ezinearticles.com/?expert=JamesOttoGray

Home Business Opportunity is a highly searched keyword term on Google
and the other search engines due in part to the current economic climate.
The global economic slowdown has made all of us fully aware of the
impact that a recession has on everyone's job security. Many companies
have gone bankrupt and closed down as a result of poor management,
management greed and economic impaction. Companies are being
forced to make employee salary cuts, downsize their business functions
or similar adjustments just to stay in business. Due to there real and/or
perceived job losses, many people are giving serious consideration to
starting their own home business opportunity.

RECESSION VS EMPLOYMENT:

Most individuals prefer to work for large organizations with good
employment benefits rather than take the risk of owning their
own business where their financial success of failure is their
personal responsibility. However, due to the huge employment
deficit as a result of the recession, there are very few jobs or
positions available so people are being forced to be more creative
and enterprising in finding employment. Now more than ever,
hundreds of thousands of individuals are exploring home based
business opportunities as a means of resolving their financial
crisis.

However, there is a constant fear in most everyone's minds. Is this
the right time for them to commit their cash reserves to starting a
business? This is the big question that lurks in their minds based on
current economic status. After all, they may need that money for
family matters. Additionally, they are fearful of starting a business
that requires expertise and physical capabilities outside of their
comfort level. This hesitancy and self doubt will prevent many
capable individuals from taking the risk of setting up a business and
could prevent them from being financially successful in life.

RECESSION CREATES OPPORTUNITY:

While many qualified and capable individuals are reluctant to start a
home business, the economic slowdown is the perfect time to start
a business venture. There are hundreds of success stories about
businesses which were started during previous economic slowdowns.
The most critical personal trait that is required of anyone starting a
business is a strong positive mental attitude. "If you think you can,
you can, "If you think that you can't, you can't. You will be right with
either decision. It's your mental attitude that makes the difference
between success and failure. With a positive attitude, you can use
adversity in your favor. Don't let the recession stop you from success.
It is a decision that you could resent for the rest of your life.

YOU NEED TO CHANGE WITH THE TIMES:

Most people hesitate and are reluctant to move outside of their comfort
level for any reason. For example, someone that has worked in a
corporate sector for a long time would normally not consider starting
a home business during normal economic conditions. However, when
their job is either lost or in jeopordy of being lost, they are forced to
consider other alternatives to support their lifestyles. With the loss of
their paycheck and accompanying company benefits, they find that
they are suddenly rendered un-employed or under-employed. That
is when reality sets in and they are forced to consider other
entrepreneurial skills to survive.

RECESSIONS ARE BLESSING IN DISGUISE FOR ENTREPRENEURS:

Research shows that in previous recessionary periods, many white-collar
executives and blue-collared workers who were laid off started home
business ventures and became highly successful. However, it is important
to note that very few, if any, achieved overnight success. Like any business,
creating a solid foundation for a business is critical to its long term success.
A big percentage of business startups fail during the very first year
because of lack of management skills, under capitalization, poor customer
service, corporate greed and other related problems.

The good news to remember is that when you start your business
opportunity you become self-employed. if you are as hard working
and as focused on success as you were in your white or blue collared
job, you can expect to succeed in your home business as well.

BENEFITS OF OWNING A HOME BUSINESS:

Anytime that you start a private enterprise and especially
during a recession, your primary focus should be on the
bottom-line. keeping your business in a postive cash flow
position is critical to your future financial success. Below
is a partial list of business functions that are required in order
for your business to survivie a recession:

Provide your business cost efficient.
Build great customer relations for repeat business.
Continually evaluate existing products/services.
Network with your customer base and vendors.
Maintain good employee relationships.

You can rest assured that a recession is not going to last forever. If you are
successful in sustaining the economic downturn with your business venture,
you will most likely prosper when the economic situation improves. Your
ability to survive during the recesssion will strengthen your managerial
skills, product and/or service lines and your customer base which in turn
will help you succeed in your business opportunity.