Should You Start a Home Based Business?

Job insecurity is a fact in today's economy. Still, people are reluctant to own a home-based business. Why is this? Many are addicted to the paycheck mentality. They'd rather look for a job that pays them steadily, if somewhat dismally, than take a chance on a much bigger, brighter future.

Any self-made millionaire will tell you that the key to wealth is leverage. Leverage is simply making more money by doing less work. This is impossible as an employee, regardless of your salary. With a home-based business, you even earn while you sleep, especially with the enormous power of the Internet at your disposal.

Never before in history have we been able to connect to billions of people worldwide. Not only that, but we stay connected 24/7! Take a moment and imagine the implications of this.
In just 5 minutes, you could be set up to offer your products to customers anywhere on this planet. You have a store whose open sign is always on.

Compare that to working a job. If you're on salary, you probably work more than 40 hours a week, and still bring home the same pay. If you are hourly, you only get paid while you're on the clock. No surprises. You already know what your next week's check is going to be. There's not much you can do to change it.

Why do we keep trudging along then? Why don't more of us kick the 9 to 5 and go out on our own? I think it's fear. Not only that, but I think the fear is both created and promoted by big business. I mean, if all of us had our own business, who would they get to make the widgets, sweep the floors, or take out the trash?

You want to talk about fear? What could be scarier than to be at the whims of the people running Wall Street right now? With the swipe of a pen you can be downsized, like a non-person. You become just another number, a statistic.

While most of us have bought in to the whole master/slave mindset, I'm finding more and more people are questioning its validity. If you're reading this, you're probably one of those people.

When you first contemplate going out on your own, it can indeed be scary. Breaking the paycheck mentality addiction takes guts, and if you're going to do it you need a plan. I would highly recommend investing in some personal development or growth before making the jump. Remember, you're not only changing your lifestyle, you're also changing your mindset.

In today's economy, however, jumping may be much safer than staying aboard a sinking ship. Thousands of people, pink slips in hand, are finding this out on a daily basis. Unfortunately, most addicts don't change until they hit rock bottom, which is where Wall Street appears to be headed right now.

In the long term, owning a home-based business provides much more security, as more of us are learning every day.