Are You Part Of The Extraordinary Home Business Revolution That Is Occuring?

Copyright © David Lazear More than 600 people get started in home-based businesses in the United States alone every single day!

Information technology (IT) has made it possible for e-commerce, and e-commerce makes it possible for more people to start their own businesses. Small, medium-sized, and home-based businesses can now compete more effectively in the global market.

The extremely low start-up costs, flexible hours, and the Internet are likewise fueling the growth of the home business segment. And it's showing no signs of slowing down any time soon!

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"Most successful people have their own business. The popular saying that you cannot get rich working for somebody else appears true now more than ever."

- Home Business Magazine

"At-home workers have more free time and disposable money for recreation and vacation time than clock-punchers and Americans at large."

- Entrepreneur Magazine

"It is anticipated that by the year 2010, 50% of households in the US alone will beinvolved in a home-based business."

- Newsweek Magazine

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Here are some statistics I've summarized from the NBBTA (National Black Business Trade Association), the SBA (Small Business Association), and the IDG (International Data Group):

• Home-based business is a $427 billion a year industry. That's more than the pharmaceutical industry, food industry, and consumer goods industry combined!

• As many as 150 million people, in North America alone, enjoy the freedom and benefits of owning their own (home- based) internet business.

• Many entrepreneurs start firms from their homes - and stay there.

• In 2007 nearly 20,000 entrepreneurs grossed more than $1 million operating from a home-based environment.

• Increasingly, people use their home to earn a primary income, not only a secondary or supplementary income.

• Home-based businesses represent 52 percent of all small firms and provide 10 percent of the total receipts of the economy, about $314 billion.

• Running and owning a home-based business offers new owners a very inexpensive entry point. Forty to 44 percent of all home-based businesses require less than $5,000 for start-up.

• There are between 34.3 million and 36.6 million home office households in the United States alone.

• There is a 7.4 percent annual growth rate forecast for households with income-generating home offices - almost seven times greater than the 1.1 percent growth rate forecast for all households.

• The growth rate for corporate telecommuter households grows by more than 4.8 percent per year.

• The home-based business sector is growing in importance and diversity, and offers opportunities for entrepreneurs and at-home professionals in every demographic and ethnic group:

The home business industry is one of the fastest growing industries in the world today; and, all indications are that it's going to get a lot bigger!

So, is now the time for you to jump on board of this incredible home business trend? It can totally change your financial future!

If you're just getting started, or just thinking about getting started in a home-based business OR if you're already involved in one there are literally hundreds and hundreds of both on-line and off-line resources to help you be wildly successful.

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Is Now The Right Time For You To Get Started In A Home Business?

Copyright © David Lazear Given the current financial crisis facing the US and the world, finding a way to replace your income and create a financial wall around yourself and your family has never been a higher priority.

The facts are overwhelming! We see it on the evening news nightly from unemployment figures in the US highest since the Great Depression, to the bankruptcy crisis facing hundreds of American companies, to loss of company retirement benefits, to the world-wide stock market roller coaster ride we're all on.

Securing your and your family's financial future today is a must! However, this will never happen working for someone else. Not only are you building your boss's future, rather than your own, but you are vulnerable to the ups and downs of the company's financial situation.

Working from home can dramatically change all of this! There are a plethora of home business opportunities available to choose from today. Most people considering getting started in a home business find themselves in a frantic search for the best business opportunity and company.

Many of these opportunities and companies not only provide you with a significant immediate cash flow, but they also offer a chance to build a serious stream of residual income.

Jeff Foxworthy has made a fortune with his famous "You might be a redneck if. . . " I'm going to give you my version of this.

"You might be ready get started in a home business IF . . ."(Put a check in the box by all that apply.)

You're tired of putting in 40 hours plus of hard work each week just to make your boss rich.

You want to be able to provide a college education for your kids, but fear it will never happen on your current income.

You work 40-50 hours a week and often on weekends, but you're basically getting the same salary you were 5 years ago.

Your company is cutting back on its benefits for employees. It's likely you won't have what you need for your retirement.

You drop your kids off at day care early in the morning, on your way to work, and don't see them till you pick them up at night. You're tired of other people raising them.

You want to be in charge of your time and not have to spend your days doing what others tell you to do.

You're sick and tired of living pay check to pay check. Your pay check is spent weeks before you ever get it

You'd like to be living in a house that is totally yours. You want to pay off your mortgage and your house.

There's just too much month left at the end of the money. Your income can't keep up with rising prices.

Your company is being downsized. They're laying off people who have been with the company a long time

How many of the above items are true for you? If you even checked off one, you should seriously considering getting started in a home business TODAY.

Starting A Home-Based Business – "What Will It Cost?"

Copyright © David Lazear

Getting started in any business involves an investment. In a home-based business there are generally three areas of financial commitment you need to be prepared to make: 1) enrollment fees for joining your chosen company, 2) your initial start-up costs, and 3) monthly operating expenses.

Let’s start by putting the financial commitment in perspective. Take a look at the chart below comparing the financial commitment involved in starting a typical franchise business (in this case a McDonald’s® franchise) and a typical work-from-home business.

(Source for McDonald’s® information is www.mcdonalds.com)

That’s pretty interesting, don’t you think?!?

Let me make a few additional comments on the three areas of financial commitment I mentioned earlier:

1. Enrollment. Most companies will have some kind of enrollment cost in order to join the company. This can vary depending on the level at which you want to join.

One of the companies I’m with has a $99 level where someone can get started. This is affordable for almost everyone. When I recruit people to join my team at this level, my first goal is to help them put together a plan for moving up the company’s compensation plan.

They could start at a very affordable place and, if they executed the plan we put together, they could, over time, move to much higher levels of compensation!

2. Initial Start-up Costs. Any business incurs these expenses. In the case of a home-based business these expenses involve getting yourself set up with key tools needed to run a business from home

These can include such things as: a merchant account (so you can process credit cards), promotional flyers, business cards, additional office equipment, computer software, and various internet services.

3. Monthly operating costs. The single most important monthly expense is your advertising budget. If you’re not advertising your business you won’t have a business! You need to decide on a monthly figure you can commit to EVERY SINGLE MONTH without fail.

This does not need to be a huge figure. I have people on my team who spend $50/month on their advertising, but they do it every month without fail. That $50 dollars is allowing them to build a powerful business.

Of course there will be other monthly operating expenses such as internet access fees, telephone, printing, postage, fax, and so on. These will obviously varying depending on the nature of your business.

All in all I think you would agree that this upfront financial commitment is pretty small. Many home business owners recoup their initial investment within the first couple of months of operating their business.