I?m sure by now you?ve had your fill of hearing all about this week?s volitale stock market and fears of yet another recession (were we actually over the first one yet?). Financial experts are referring to it as a ?double dip recession.? Much of the news reported over the television, radio and Internet express worry about the current job market, which hasn?t been doing all that great since around 2007. Fear of more job layoffs is at an all time high, and for good reason. If you depend on your job to pay your basic living expenses (and most people do), then losing it could be catastrophic.
Many people are nervously waiting to see what happens next. They aren?t taking any chances that might affect them financially. Decisions like going back to school or buying a new car are being put on hold. Some have even decided to forgo their dreams of entrepreneurship until the economy stabilizes; but what if that never happens ? or what if our previous idea of a ?normal? economy is no longer exists?
I happen to believe that the global economy has been undergoing a drastic metamorphosis for the past four years; and it?s unlikely that it will ever go back to being what it was. My father worked for the same company for almost 40 years. His job was the epitome of job security. He received regular raises, promotions, year-end bonuses, free turkeys during recognized holidays, awards, rings, tie pins and watches whenever he?d reached employment milestones of 10, 15 and 25 years-plus with the company. His job ensured that we always had what we needed and much of what we wanted, even when my mother was no longer able to work.
Even as the years passed, and the economy changed the way employers treated their employees, his company made sure he was taken care of even during the last year of his life when he was unable to work because of his illness. His employer continued to keep him on their payroll as a full-time employee until he died.? Now what company does that anymore?
These days people live in perpetual fear of losing their jobs which translates into losing their livelihood. That?s not security. I remember feeling that way. I remember dreaming of working for myself, but being too afraid of the instability. When I finally got the courage to take the leap into self-employment, do you know what I discovered? I learned that once I built up a business that consisted of at least five consistent clients, I was more financially secure than when I?d relied on one job to get by. You see, even though? losing one client might result in some loss of income, it?s nothing compared to losing that one job you depend on for everything. If I lose one of my clients, I can tighten my belt and market a little harder to bring in new business. Losing a job in this market can mean months of searching for a new one to take its place.
If you?ve been toying with the idea of starting your own business, but feel unsure about actually taking that step, I encourage you to download the ebook located in the sidebar to your right titled ?How to Build a Profitable Service-Based Business You Can Run from Home.? In it I share my own story of how I got started working for myself, and some tips to help you start your own service-based business right away. It?s free, so all you have to do is complete the short contact form to get a copy. If you have feedback after reading the ebook, please don?t hesitate to contact me and share your thoughts ? I really want to know what you think!
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