When I was young, the great American Dream was to own a home. Even though most folks buying a home didn’t really “own” it until their 30-year mortgage was paid in full, they felt like they were building an asset and putting their time and money into something that would grow in value and have residual worth.
Today, the great American Dream for many people is owning a private business. Much like a home increases in value over time, while providing utility in the mean time, small business ownership for those that are successful also means increasing value over time and a means of financial gain to pay the bills during the business lifetime if the owner is successful in creating profit from his income streams.
Home business has been a hot topic on the Internet for several years and will continue to become more and more important as a source of full time personal and family income in the years ahead.
Several reasons come to mind.
First, private and public companies are bought and sold daily.
Small profitable companies are gobbled up by large conglomerates and parent companies looking for competitive advantages and new technologies.
What happens to employees when companies change ownership?
Many employees, seasoned or not, get RIF’d (reduction in force), the polite way of saying “you’re fired because we don’t think you’re an important enough employee to keep on board.”
Many people are choosing home based business over working full time for an employer.
The reasons why someone would want to work for themselves are varied and many:
- They hate the boss,
- They want to increase their earning potential,
- They would rather work at home than face a long and time-consuming commute
- They need to work at home to care for a child,
- They hate the corporate culture and often rigid systems of control that are forced on employees,
- They want to have more control over their daily work schedule, their specific work activities, etc,
- They want to the the boss in their own company in order to build a lasting source of income,
- They like the flexibility of not being constrained by large corporate policy,
- They enjoy the creativity and the ability to express their own ideas,
- They want to switch from building their employer’s company to building up their own company (personal asset),
- And on, and on . . .
- Others may lose their job because their skills (or the need for their skills) is no longer in demand. (How much work is there for a phonograph repairman these days?)
- Some folks simply hate their work – they are enduring because they have to put bread on the table . . . but they would really rather be doing almost anything else!
- The point is, in America at least, the employee mix is turning from a predominance of workers who have jobs in companies they don’t own to more and more self-employed workers that don’t answer to an employer other than themselves.
- The challenge that many of the newly self-employed face is the fact that they have little or no training in how to run a self-guided business. They may have any number of great ideas for products and services they’d be good at selling, but don’t understand how to market what they have or successfully run the day-to-day operations of a profitable company.
- Drum roll please . . . that’s why this blog was created. Our specific focus is on helping entrepreneurs (especially those going solo) to access great business resources and information and provide them with successful business strategies, tips, and great advice.
Why not grab the RSS feed that we offer and pipe Business Empires right in to your computer so you can be close to information that will help you make money?
To your online business success,