Maybe it’s time to check out home-based business opportunities

If you have been paying attention to this blog lately, you might have considered working for yourself, even if you are currently employed.

I think that’s great insurance. The best time to investigate a home-based business is while you are still working. There is a wealth of information about this area and it will take some time to find a situation that is right for you. Your choices of customers, products and services are almost unlimited. You can narrow your choices by considering the hours you wish to spend, whether you wish to travel and by how much seed money you have.

There are excellent resources like Paul and Sarah Edwards who have been writing about working from home since 1985. Their book, The Best Home Businesses for People 50+, should be one of the first books you read if you are serious about working for yourself. They have done the research so you don’t have to. Their list of 70 business you can start from home barely scratches the surface of what is available, but their approach will set you up to analyze other opportunities successfully.

They do an excellent job of categorizing opportunities by factors such as:

Start-up cost
Overhead
Potential earnings
Computer Skills required
Deadline pressure
Flexible hours
Overall stress

They also cover skills required, what to charge, and the best ways to get business. After reading this book, you will be well-prepared to seek out an opportunity of your own if none of the busines models they discuss excite you.

I did not read Paul and Sarah’s book before launching my home-based businesses, because I learned of it only recently when they sent me a copy and congratulated me on publishing Danger Quicksand – have A Nice Day. I would have saved myself time and effort if I had known about this book earlier.

They are great role models for writers who self-publish. They have written something like 15 books about new and better ways to work and have sold one and a half million copies.

If you harbor yearnings to start your own business some day, you can do yourself a favor and see what Paul and Sarah have to say. It will be well worth your time.

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0 Responses to Maybe it’s time to check out home-based business opportunities

  1. Great suggestion David. The time to try things are when you have a good back-up plan, like a real job, so you risk less. Freelancing also can help you in your current job, by learning more skills and helping you find out what you’re really passionate about. Thanks for sharing some great advice!

  2. Stephan F says:

    It comes down to multiple stream of income. You really cannot be dependent on just one stream but almost all employees are.

    If you have a job, and a book and a little weekend micro-biz and an internet micro-biz and a rental property and investment income then loss of any one of those is not as bad a blow as having just an employer.

    I have come to the conclusion that for me being rich is having enough passive income to cover mortgage, utilities, insurance, grocery and gas bills. That means if I lose my primary cash flow I can survive for a very long time.

  3. Carrie says:

    Great info! Thanks for posting this 🙂

  4. Jim Gildart says:

    Amen, brother…The time for all Americans to develop multiple income streams is now. I’ve been “selling” this idea for quite some time now…since 1990…or before. The .com bust, 9/11, downsizing, outsourcing (ie, offshore call centers and manufacturing), insane oil pricing, etc. are all pointing to the need for all Americans to develop multiple sources of income and incorporate them into their daily lives and “normal” way of thinking.

    And, yes, the time is now…especially if now, you have a job or steady source of income and can incorporate other “streams” of income in a “more comfortable” manner. If this scenario doesn’t fit, and you are out of work, it’s time for you to diversify your thinking that you just need to get another job and everyting will be “OK”.

    I am currently developing a website that will address the idea of “multiple income streams”. I do not yet have my domain name, but I’ll be back to this blog, because this looks like a good seed bed for like-minded individuals.

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