Recession Proof Your Life Blog
1. Low Overhead: One of the greatest advantages of starting a home business is you have no expensive monthly rent or lease expense - potentially saving you tens of thousands of dollars every year. Also with no commute to deal with everyday, you can save money on gas and travel expenses.
2. Enviable Lifestyle: A home business can give you the freedom and flexibility to enjoy your life more fully. This includes being able to spend more time with your loved ones, pursue other interests, and the ability to set your own schedule.
3. Take Control: The ability to control your own destiny and eliminate the daily stress and hassles of dealing with a boss or co-workers can be a liberating experience for many fledgling entrepreneurs. Many people who start a home business also invariably report that their productively level has soared because of the flexibility working from home can offer. Not to mention the extra benefit of the elimination of the typical time wasting distractions commonly found at the average workplace.
4. Mobility: One of the most unique and attractive advantages a home business can offer an individual is the ability to live and work in the geographical area of their choice. As long as your business and services aren’t tied to a specific market that requires you’re personal and physical presence, you can live and work anywhere your heart desires. And if you decide to retire or start a new venture someday, established home based businesses are also fairly easy to sell for the very same reasons.
5. Tax Advantages: There are a number of legitimate tax deductions available to home based business owners that can potentially save you thousands of dollars a year on your taxexs
6. Personal Satisfaction: Starting and operating a business from home can be not only more profitable income wise, but it can also provide you with a sense of personal accomplishment
Whether they sell homebuilding supplies or hamburgers, savvy independent business owners are finding that working cooperatively is the key to surviving and thriving. Rosemary Mahoney, chief executive officer and cooperative developer for Lovingston, Va.-based MainStreet Cooperative Group, offers these start-up tips to entrepreneurs interested in cooperative development:
1. Find friends. Every cooperative begins with a group of like-minded people. Determine if the perceived threat or opportunity you have identified is shared by other independents. Work to form a core of organizers who are respected by other independent business owners as well as vendors. Not getting the right members at the start is a mistake that can lead to failure.
2. Explore the options. Before making plans to organize your own purchasing cooperative, determine whether any other cooperatives are already serving your sector. If so, can you join that cooperative?
3. Crunch the numbers. Estimate the total amount of your sector’s business volume that is handled by independents. Is this amount of volume significant to your suppliers? Do your suppliers need independent businesses in the sector? The ability to convince vendors to support a start-up cooperative is essential to its success. You must be able to prove that your co-op can deliver a significant amount of volume and bring value to the vendor.
4. Do your homework. Find one or two cooperatives in similar industries and talk with their management and some members to learn more about how cooperatives work. You’ll be surprised at how many cooperators are willing to talk to those seeking more information.
5. Lay a strong foundation. If you decide to go forward in establishing a purchasing cooperative, be sure to work with an attorney who understands this business model. Also, raise enough capital to hire a chief executive officer who is both an industry expert and well respected by vendors and potential members. Trying to self-manage a co-op is a mistake. Most entrepreneurs are too busy running their own business to successfully and simultaneously manage the day-to-day operations of a co-op.
Adam Khoo is an entrepreneur, a best-selling author and a peak performance trainer. A self-made millionaire by the age of 26, he owns and runs several businesses in education, training, event management and advertising, all with a combined annual turnover of $20 million. Wow.
If there's one question about success that's on your mind right now, it should be this -
'What do the most successful people in the planet have all in common, that allows them to enjoy the success they have today?'
It's plain common sense, isn't it?
All the rich and successful people in the world must be doing or possessing something similar that have allowed them to achieve the success they have in life.
Success doesn't happen by chance.
So what's the secret behind all these people?
The secret is that they all possess the "Patterns Of Excellence".
And these Patterns Of Excellence could be THE missing link between you and the success you crave in your life.
Imagine if you already possessed all the critical mindsets, habits, and behavior of the top 1% of people in the world.
With that, you could literally jump off a plane with a parachute, land anywhere in the world, and still be a roaring success where ever you are. Because you know the secret to success.
To read more about the Patterns Of Excellence and a true story of how it literally transformed one man from an underachiever into a millionaire at just 26!, click on the link below:
Adam Khoo's Patterns of Excellence
Over the past generation or two, we Americans have become very used to having money in our pockets. Year after year we've never had to THINK to achieve. Trapped in a pattern of indulgent practices, we may have forgotten how to actually deal with problems.
By opening our minds, we can think our way out of just about anything. Talking problems through with knowledgeable friends, researching options, relaxing our rigid ideas of what we should be, do and have.
If we focus on the possibilities, we can let the adversity of this recession be our teacher and inspiration for positive change. Things we thought we needed are not now necessities. What is really important rises like multicolored balloons..our family and friends, the environment, charity. Simple. Why didn't we think of it?
Be the First To Get In On this Great Free Resource.
This is one of those times when you pop yourself on the forhead and say - Why didn't I think of that?
I'm always on the lookout for a deal and most Thursdays you will find me with the grocery ads spread out on the floor - trying to figure out the best sales. So you can imagine how I felt when I found out about the new website called Grocio that helps comparison shop stores and brands online to find your best buy.
Now for the first time, we will soon be able to compare deals when it comes to grocery stores - and not just for one item on the list.
Grocio.com, will take my individual shopping list and show me where to get the best deal. Woohoo! No more numbing leg cramps from sitting for hours on the floor, cutting those darned coupons. The site is not quite launched yet, but you can still sign up and they will contact you as soon as soon as it's ready for business.
