Home Based Business -VS- Privately Owned Business

HOME BASED BUSINESS  VS. PRIVATELY OWNED BUSINESS

From: The Desk of Michael Clouser

This ever-growing topic deserves its day in the sun, as a matter of fact, deserves a spotlight.

Everyday millions of people get in their car and shove off to work, and on their way think to themselves, Ughh!! There has got to be a better way to make a living doing something I like.

Those same people also complain that they are sick and tired of making someone else rich. I was among the guilty. Very few of these people ever do anything about it because of these very important reasons.

Simply, they have bills to pay and they need medical insurance and stability. Good reasons Huh.

Well, yes and no. We will save this topic for our next discussion, OK.

For those who have already made up their minds to venture out and work for themselves, good for you. Now going into business for yourself has two choices. First, open up a business yourself, like a landscaping company, or a heating and air conditioning Company, or a hair salon or any type of store, just for a few examples.

The Second choice is join a home based network marketing business. The choices are also numerous. For example, Health and Wellness, beauty products, tele-communications, Travel and the list goes on. You see between the two types of personally owned businesses your choices are practically limitless and you are going to find something you love and are passionate about.

Okay, now let’s look at the differences. Starting a personal business from the ground up as in choice number one. You will need large sums of money up front to set up shop, for example; a building structure, whether purchased or rented. You will need a vehicle(s) for certain businesses, plus gas to run them. Then there is equipment and tools and or materials such as stock. Don’t forget possible employees. Last but not least insurance, in the form of health, liability, worker’s comp and unemployment.

If you are working off referrals and are successful great, but eventually, advertising will enter the picture in the form of newspaper, radio and phone book ads. Now before we move to our second choice there is still more to talk about.

Your time. Operating a personally started up business will consume a lot of very long hours and you could possible be working 7 days a week. This will make it difficult for time off and vacationing. Occasional sickness is not good because that results in loss of profits. Strict scheduling is necessary and with some businesses, emergency service can exhaust you. Income can be excellent but failure rate is high because of local competition.

Now, Choice number two: Joining a home based networking business; this is still a privately operated business where you are the owner/boss. The differences with this type of businesses are, you do not need a building or to pay rent. All of the company groundwork and foundation has already been done for you. You simply accepted and invitation to come on board and Market a specific product that has already been designed, packaged and stockpiled for you. Heck it is even shipped for you free of charge and that makes your business Global not local, and will give you access to an unlimited market.  Your only overhead would be a mandated auto-shipment of your product if that applies. Gas for vehicles may be a tenth of choice number one and not even an issue for most companies.

Now I might stir a couple of you with this statement, but you will have to actually work this as a legitimate business and that means putting in some hours to get things rolling. There is no such thing as a business that you start and walk away from and the checks are in the mail, let’s be real.

You absolutely get out of it what you put into it.

The great part about networking businesses is that you get to choose your hours and choose your days off and vacations can be spur of the moment. Why because it is a fully automated business that can be run from any location as long as you have a phone and a computer near by. You can close a deal at your son or daughters baseball game or while your shopping at the grocery store. I don’t recommend that because you will anger other family members but that type of freedom exists. People can always be called back in a few hours and nothing will be an “emergency”.

Most importantly with a network business is this, and pay attention: You must invest in training or you will not succeed. The best part of training is that you grow your business while you are training, so there is no gap in production. And the best part is you have employees (downline), but have no salaries to pay or insurance to provide. The only service you need to provide them is TRAINING and you owe it to them and to yourself, because if they are productive they will shoulder the brunt of the workload and you will eventually go on autopilot and assume a different role in YOUR Company, Leader and Trainer. The employees (downline) run the rest of the business.

In closing, everyone has his or her own niche and personality. What works for some may not work for others. Always remember that it takes hard work and investment in the beginning and my goal was to give you enough insight to make an educated choice as you adventure out into the world of private business ownership. Here’s to your success.