Job Hard to Find? Make your Own, Start Your Own Business!!

Tired of trying to find a good job? Maybe it’s time to make your own job by starting your own business.

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Back in the day (a few years ago), jobs were plentiful, anyone who wanted one was able to find one fairly easily, and if they didn’t like it they could easily find another the same day, things change.

Fast forward a few years, things have changed quite a bit. Good, high paying jobs are a bit more hard to come by today. If you can find a job it will not pay anywhere near what it did a few years ago. Things changed, maybe you should too.

After years some have given up. I say take control of your financial future with your own business.

So how do you start your own business? Well you have choices so choose.

You can build your own business using the skills you have to build your own business from scratch. Starting your own business from scratch with little money and no other asset is not the easiest way to begin your own business.

Some advantages of building your own business are you usually have control over the business’s direction and can tailor the business to your lifestyle.

Some disadvantages of building your own business from scratch are you have:

  • no name recognition
  • no customers
  • and no instant cash flow

You can buy your own business if you have assets in the form of CD’S or money market accounts and you might want to consider turning those lazy assets into assets that generate greater returns.

Some advantages of buying an existing business are:

  • Immediate cash flow
  • Pre-Existing customers

Some disadvantages of buying an existing business are:

  • Initial purchase price
  • existing employee issues

Another option for buying your own business is to consider a franchise some advantages of franchises include:

  • Brand identity
  • A training program
  • Financing options
  • Proven business model

Some disadvantages of franchises are:

  • An operating agreement written for the franciser’s benefit
  • Reliance on the franciser’s supply chain and designs
  • Franchise royalty and ad fees

Another option for buying your own business is to consider a well researched MLM or network marketing company. Some advantages of a MLM or network marketing company include:

  • Brand identity
  • A training program
  • Low start-up costs
  • Proven business model

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The decision to build or buy your own business has to be one based on logic and experience, not emotion.

Author: Rick Chapin

Having spent most of my adult life engaged in sales and marketing as well as a decade of preparing income tax returns for small businesses, individuals and real estate investors. Running your own business is not easy, you must utilize all the tools available to aid in your business development, I believe your personal development is equally important. I have for many years had knowledge and interest in small and medium sized businesses as it relates to allowable deductions, tax deferred exchanges and other tax treatments, I have also, for many years invested in books, tapes/cds for inspiration and motivation, so it seemed a natural fit for me to become involved in aiding in people in business development as well as their personal development.

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