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Who says your only choices are to work full-time in paid employment, work full-time in your own business, or work full-time in paid employment and part-time in your own business? Maybe the solution is to do EVERYTHING part-time. Let's say you work full-time in paid employment and you run an online business in your spare (part-)time. And if you decide to do away with your business because you figure if you devote your time and energy into working even harder and longer hours for your employer you'll get a promotion and more money, if you lose your job you're screwed because you don't have the financial cushion of your business as insurance. THE 'ONE PART-TIME PLUS ONE PART-TIME EQUALS ONE FULL-TIME' SOLUTION So what's the answer? Multiple part-time ventures (and don't limit yourself to just one part-time job and one part-time business, the best combination for you may be two part-time jobs and one part-time business - whatever works) which, when added together, bring in just as much or more income than your J.O.B. Article: One of the legacies of 9/11 is that that large sections of the U.S. and world economy have taken a body blow. Every day we hear of more and more companies who plan to lay off large numbers of workers (or have already) as they strive to reposition themselves to ride out what the doomsayers predict will shortly make over a full-blown recession. As much as you can intellectually sympathize with a decision that effectively sacrifices a few for the good of the many (i.e., the ultimate survival of the mimicry entity and the jobs of all those left behind), if you're the one in the firing line it's pretty cold contour sheet that others will be more financially secure as a result of your sacrifice. REBELLION AND VULNERABILITY It's not unusual for people in such a situation to spring to rebel towards the idea of having their financial destiny in someone else's hands. Quite right, too. The response of many in this situation is to set in to think as regards working for themselves, to be free of the tyranny of being dependent on others for their financial survival. Unfortunately, however, the failure rate of new small businesses is high and they take time to get up and running. So thinking regarding and quite starting a new business cadet you've lost your day job is too little, too late. For this reason, many people start their own number part-time, while they're still working full-time. This approach has several advantages, not least of which is a financial cushion (i.e., your salary) during the time you're cliff dwelling your business. The goal of most such metier owners is to eventually become successful enough to tell all them to quit their day jobs and work on their own undertaking full-time. Fair enough. As recent events have shown, however, no-one is immune from financial vulnerability whether you be employed in the full-time workforce, a struggling home- based entrepreneur running your own small-scale travel agency or something in between. SAFE CHOICES So how do you know what to single out as your livelihood to ensure that you will never yet again be subject to the vagaries of the economy, to ensure that your financial future is secure? The cold hard truth is that since you don't have a crystal ball, you simply don't. subsequently all, who could possibly have foreseen the events of 9/11 (other than the FBI and the CIA)? Whatever your job, career, line of business or investment strategy, things can take a downturn. Does that mean you have to take a downturn right longitudinally with them? Well, if all your eggs are in that particular basket, it does. But what if all your eggs are not in that lips but only a few of them? Well then, you simply divert the energy you were expending on the hamper that's gone south into the ones that are still headed north. MULTIPLE STREAMS OF INCOME Multiple streams of income is the key. You've probably heard of the concept in terms of running an online business. It means don't just sell one product or service from your website, sell several so that if one bombs, your livelihood doesn't have to. Well, you can fix the same gambit to your life. Who says your only choices are to work full-time in paid employment, work full-time in your own business, or work full-time in paid employment and part-time in your own business? Maybe the solution is to do EVERYTHING part-time. Let's say you work full-time in paid employment and you run an online proceeding in your spare (part-)time. Let's also say that your salary is low enough that, if you just had enough time to devote to it, you're pretty sure you could ramp up your online utility to the point that you were generating more profit from every hour you devote to it than if you spent that same time working in your paid job. Now, some would decide that at that point they'd quit their day job and just work on their question full-time. That may be a good option. IF you can be sure that your line of business is going to succeed over the longer term. But it ignores the fact that you don't really know what's around the corner and by giving up your day job you've also just given up your financial cushion (your 'insurance' if you will). And if you decide to do away with your duties and responsibilities for you figure if you devote your time and energy into working even harder and longer hours for your employer you'll get a promotion and more money, if you lose your job you're screwed as you don't have the financial cushion of your retail as insurance. THE 'ONE PART-TIME PLUS ONE PART-TIME EQUALS ONE FULL-TIME' SOLUTION So what's the answer? Work both your job and your operation part-time so that, together, they add up to full-time. If (and this is an important 'if' if cash flow is tight) the extra time you have to devote to your business will result in a greater financial return than would working the same hours in your job (make sure you run the numbers to be sure this is the case - if not, start a more profitable business!) this can be a viable option. Even if it yields the same return (or maybe even a little less) it may still be worth considering as sort of an insurance policy opposed to heart laid off. Likewise, an employer that's struggling in a soft economy and facing having to lay off staff may well welcome the option of converting you to a part-timer with the resultant reduction in payroll and overheads. Such a situation can be a win-win for all concerned. (And if you're a parent of young children, I hardly need to point out the lifestyle advantages and reduction in young hopeful care costs.) THINK PLURAL So, if you're still looking for The Answer, your Big Break, The One, STOP. Stop thinking in terms of 'ones' and start thinking in terms of multiples. Multiple part-time ventures (and don't limit yourself to just one part-time job and one part-time business, the best coterie for you may be two part-time jobs and one part-time - whatever works) which, when beyond together, accompany in just as much or more income than your J.O.B. (Just Over Broke) and minimize your risk from the vagaries of forces and events over which you have no control. Just as investment advisers warn investors not to place all their eggs in one basket, so too you should circumvent relying on just one golden goose. Get a flock of 'em!
Dear readers, I’ve recently launched a new podcast. The 5 Minute MLM Tips Podcast The idea for this podcast is to provide quick little resources and tips on how to build a successful network marketing business. You can subscribe via your favorite newsreader, iTunes, or Zune. Take these little tips with you to the gym [...] Post from: Network Marketing & MLM Training from Home Business Blogs - A blog about what it takes to succeed in network marketing & MLM. Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | 91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 |
Advice Home Business Technology Online Advertising Motivational Internet Marketing SEO Help Online Games Science Articles Happiness More Articles:1. 10 tips on How to Increase your website traffic. Summary:Not so long ago I had read an article about a woman who dramatically increased her page ranking from article submissions on her new website. However, that article was the needed inspiration I needed for me to make some changes with my daily online business habits.Since I started studying the changes in my online traffic, the effects on adding content to your website and the change in search engine rankings, I've learned the importance of … 2. Writing articles for Ezines - The Greatest Little Known Secret Summary:Well maybe it's not that 'little known' but some people do find it a little 'scary' and 'daunting' to have to write out a pile of articles and submit them. I will be honest, at first it scared to begoalie (yes I know that isn't such word but it sounds scary hehe) out of me when I first heard you can gain free traffic just by writing free content. And of course my thoughts swayed to 'it's going to take me forever, is it really worth it?' '… Tenant Loan 3. Are You Concern About Your FUTURE???? Summary: Oh and don't forget the high-risk, low risk position your money is going to be in an up and down more down economy.Don't get me wrong something is better than nothing' but if I can show you a more secure, a sure and better way, would you take the time to investigate it and if it's not for you then really you are no worse off. What if you could take off if you wanted to for 30 days or more and still get paid with raises too.How would you … 4. Virtual Business Ownership - - Marketing The Best You Summary: Do stay cooped in the corner of the room or are you out in the crowd taking charge, meeting people with a smile, standing tall and bringing out the best in those you meet?Next, I'll share with you some tips on how to market the best in you:- Always present a pleasant smile, whether on the telephone, in person, in email or even in a fax (SMILE)- Do what you love (you'll be more fulfilled)- Don't try to be the jack-of-all-trades (you do ev… |