In the not so distant past, prosperity overflowed—not only among the affluent—but among the middle class. Most people had the resources to buy what they wanted. Materialism reigned. And then—literally overnight—came a dramatic shift.
Jobs and security drained away into obscurity as if someone pulled a massive plug. Successful businesses dissolved and people lost homes as once lucrative investments soured. What we had known to be was no more.
Over the past few years, as the economy has gotten stronger, many companies have started to rehire. The thing is, economists have projected that, despite recent economic growth, many of the jobs lost during the economic crisis will not be filled. The reason for this is innovation.
Some of those jobs are never coming back. Technology, amazing as it is, has replaced them. New things have sprouted up in their place. That’s a good thing, right? It depends on who you’re talking to.
The Optimistic Entrepreneur used this economic and social shift to launch an idea or seize an opportunity. Many of those who were quick to act now have successful businesses.
How about you? The window of opportunity is still open wide.
Whether you’re thinking about changing your career, becoming your own boss, or simply adding a second revenue stream to what you’re already earning, the time to start your own home-based business is now.
Since the US economic crisis (2007-2010), companies have been cutting back on their workforce and lowering overhead in an attempt to not only remain profitable, but to remain in business at all.
As the saying goes, “necessity is the mother of invention”. When companies are forced to downsize, they’re also compelled to find new ways to maintain productivity with fewer employees. Since efficiency among existing employees has increased, companies are able to do the same amount of business with less overall manpower. They’d be crazy to rehire to fill obsolete positions, don’t you think? So … there goes your job.
Starting your own business means using your skill and intellect to supply your own coffers instead of funding someone else’s dream. There are also other benefits to being self-employed.
When you own your own business, you cease to be dependent on hiring practices dictated by market fluctuations and take control of your own financial destiny. The harder (and smarter) you work, the higher your income potential. Now, this doesn’t mean that by starting a business, you’re guaranteed riches. People start businesses all the time, some prosper, some fail. Don’t skip steps!
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee, http://www.123Employee.com. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Business Live! http://www.BeyondBusinessLive.com inspires entrepreneurs to meet challenges head-on in with revolutionary new theories and systems allowing them to design the business and personal lifestyles of their dreams.