Should you start your own home based business? This is a question that I often hear people talking about. Parents talk about it while dropping their children off at school, families talk about it when picking up groceries. It seems like there are people from every road in life thinking about starting a home based business. I would like to talk about the benefits of being a business owner so let’s dive right in.There are tax advantagesThere are tax advantages to starting and running a business. Running a business from home can usually be done for significantly less than if you were to purchase a store front business. There is also no rule against turning a home based business into a store front business in the future but for the sake of this discussion we are going to assume that you work from home. A lot of your expenses are tax deductible. I would strongly encourage you to hire an accountant and a lawyer once you have made enough in your business to warrant the expense because these can be valuable assets to your company and ensuring that you are remaining compliant with your obligations.The freedom of being home with your familyThe other clear and obvious benefit of having a business is being able to work from the comfort of your home. This means you can spend more time with your family and that is a freedom that is often difficult to come by.The freedom of a recurring incomeWith some businesses that are run for home examples are those in network or referral marketing, they pay you monthly a commission percentage for sales you receive. As long as you have active referrals purchase the product you receive a check. During the first two years you will most likely spend those years building your organization but once it is build and you have a solid team in place you will be able to work less and still make a nice income from commissions. This is the part of the home based business that most people find very appealing.You can help a lot of peopleIf you choose a home based business that offers a product or service that provides “value” you can feel good about the work that you are doing and know that you are helping a lot of people while you build your business. This is one of the reasons that more and more people are starting to explore home based businesses for their future.
Why Not Consider Continuing Education To Add to Your Expertise
In today’s uncertain economic times it is vital we all stay up to date with a chosen profession or working knowledge of expertise in the industry we work within. With the rise in unemployment in all age groups and a significant rise of unemployment in under 25′s, it is now a serious cause for concern and important to identify and decide on a sustainable education and employment route.
The “Department for Education and Skills” (by the UK’s Government) has confirmed plans to raise the school leaving age in England by 2013, thus young people will be required to stay in either; full-time education or training, including school, college and home education, or work-based learning, such as an Apprenticeships, part-time education, training or volunteering more than 20 hours a week.
The new law is called the “Education and Skills Act 2008″. Essentially this may not necessarily mean that pupils have to stay in the classroom or continue with academic lessons however students will have to continue to receive training at a certain level until they reach the age of 18.
This might mean a student is encouraged to stay at school and do (or complete) their GSCEs and A levels, if they have not already done so. Students could improve their skills through taking a course in “Foundation Learning” which will benefit them if they decide to go in to further education eventually. Another option for a student is to gain some practical experience in a subject that interests them by doing a “14 to 19 Diploma.” All of these options will be beneficial for future development, educational progression and future employment, as it shows commitment to future employers.
Students can start an apprenticeship and get some on-the-job experience of work and training, whilst some carrying on with part-time study. Many companies are offering the new style “modern apprenticeship” which means a student has a way of earning an income, whilst gaining a valued vocational education. Thus lessening the financial burden for the student, but adding a valuable hands-on experience whilst continuing their studies and educational progression.
Another option is to study at school until the age of 18, then go college part-time whilst having part-time employment. This could possibly make the study process longer by possibly one or two years (depending on the course or area of study), but it could be very beneficial in reducing the overall cost and educational burden to the student.
Although at the same time this could be to the students’ advantage as within 2 to 5 years the employment landscape should have started to recover and the opportunities available should be significantly increased for graduates. Because the chosen path for education was a “Continued Education” this will have added to the student’s expertise and working maturity, whilst showing commitment and having valuable work experience over their non part-time counterparts. The same can also apply to mature students or people wanting to update their qualifications to better their chance in future employment progression.
Home Based Business Services – Stop Wasting Money!
Few people understand just how inexpensive it can be to operate their own home based business services. Most people who operate a business out of their own home make the same common mistake and pay exorbitant sums for services they can either do themselves or hire someone else to do for incredibly low prices. These entrepreneurs add expense after expense, running up huge charges without stopping to realize the huge savings they can make with just a few simple steps.Basically all you need to operate your own home-based business system is an auto-responder, a custom domain name, and a computer. If you’re browsing this page, then chances are your largest expense for your home based business services – your computer – can already be cut out of the equation. The other expenses shouldn’t add up to more than $20 per month for the auto-responder and $10 a year for the custom domain name.It may be difficult for some home based business system operators to understand just how easy it is to keep costs low. For starters, you can complete a lot of the simple marketing steps all on your own. You don’t need to hire expensive services to complete these steps for you, and with a little bit of effort you can save yourself hundreds, or even thousands, of dollars per year.The one tip I’ll share with you today is to generate your own MLM prospects. I won’t tell you exactly how to do it here, but you should be aware that most companies would completely overcharge to generate MLM prospects. By hiring an outside company, you may get a decent list but you’ll never develop the knowledge to perform this service on your own. As long as you’re trying to market your product or service, you’ll be at the mercy of the lead generators.By learning how to perform this step for your own home based business system, you’ll not only save money but you’ll learn exactly how these larger companies do it. By perfecting your own system and tweaking your processes as you go, you’ll be able to cater your MLM prospects generating system to your exact needs and generate only hot leads. You’ll make more money and save plenty in the process.Discover all the insider “tricks of the trade” for home based business services, what you really need, and grab my FREE REPORT titled: “How To Create YOUR First 6-Figure Month In Network Marketing”.