Lets come to grips with something…the US economy is in a recession, the EU economy is set to slip into full out bankruptcy or hyperinflation (and probably both), and all other economies are going to catch a cold when the “big sneeze” happens. The good news is that you don’t have to break out the tissue paper, if you prepare accordingly. According to history, a small business might just be what the doctor ordered.
Small Business Can Save the Household
When money gets tighter than stretchy pants, it can cause great disruption in the family. Arguments typically stem from spending patterns, budgets, and trying to keep up with the neighbours. The stress created by this situation not only puts a damper on a family’s financial picture, but also on its relationships.
The go to plan for many of these households is another job. This is quite often the easiest solution for the bank account, but often deals another blow emotionally to the family as it takes away more time spent with loved ones and starts to wear away at the burning rope thats set to snap at any second.
This is where small business can bring in the heavy chain.
No where is it more rewarding to earn an extra few hundred bucks, to a few thousand, than in a small business. It doesn’t need to take you out of your home, it allows other family members to participate for additional support, and it can create an additional income stream that is based on profits (which can increase exponentially), and not wages (which typically increases at the rate of inflation, around 2-3%).
If we took all the big corporate giants and shifted their profits to each household, you could easily make $500 a month in todays economy. By supporting the small business where you can, you support the family next door to keep the lights on, rather than Walmart keeping their lights on 24 hours a day, 7 days a week.
Take Tim Hortons, a Canadian coffee franchise for example.
Tim Hortons spread rapidly and eventually overtook McDonald’s as Canada’s largest food service operator. Its holds approximately 62% of the Canadian coffee market. So in an approximately 70 million cups a day market, Tim Hortons serves up over 40 million of them.
Do you think that a few small businesses could horn in on those cups? Enough to provide a few hundred to a few thousand dollars a month? You bet they can!
Ultimately, the more earned (not printed) money reaching each household, the better chance the economy has of stabilizing. After all, the state of the economy boils down to the financial picture of each individual family, and the more that are in the red, the more the governments budget goes in the red.
One of the few ways for you to get back in the green, is to improve your household budget by taking a piece of the pie rather than allowing the big dogs fill their pie hole to exhaustion. This creates bloating, sluggishness, and general malaise (sound like corporate America?).
This is where the slim, nimble, and robust home based business can take over!
Small Business Can Earn Big Business Bucks
Small business does not necessarily mean small income. For some, thats all they desire to make and thats great if it allows them to take the financial strain off their family. But it doesn’t have to stop there.
There are many businesses that you can start up for less than the new smart phone, and allow you to make a full time income, AND allow you to set it on auto pilot.
One of the quickest, simplest, and most rewarding home based businesses resides in network marketing. You can quite likely pay a low to mid 3 figure investment to get an already structured business with products and services (which you don’t need to take the time, money, and energy to create), that can either earn you hundreds of dollars in retail profit each month, or eventually earn you a residual (pillow money) income that allows you to spend more time on the things you really want to do (like spending time with family, traveling, fishing, or just relaxing).
Where else can you build a business, and walk away knowing that your customers orders are getting filled while you are getting your fill at the buffet in a Bali resort?
Be the Solution
If you want to help avoid a full blown meltdown of the global economy, you have to take action and take care of your family first, and help other familes around you.
Start offering a product or service that people will not go without in a recession. Start buying products from your neighbours small business and support their families need to keep dinner on the table. Come together as a community and make sure you are protected when the worst of the storm comes.
Then if you never do get hit, you can spend that extra cash on that nice vacation you always wanted to take the family on. Thats a reward an extra job could never give you.
In fact, take a few weeks. Your new boss will be good with it. 🙂
To learn more about how you can operate a small business, go to http://homebasedcoffeebusiness.net.