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10 Reasons a Homebased Business May Beat Having a Job
A friend and associate of mine, Patrick Snow, wrote a book called “Creating Your Own Destiny”. It is a great book that I highly recommend. In the book, Patrick made a list that he called “The Top 10 Reasons Why Your Job Sucks”. I wanted to take time to go through that list and then talk about how a homebased business may beat having a job.
Should Everyone Have a Homebased Business?
I thought I should answer that question. As much as I would like to say yes to that answer, the reality is, having a homebased business is NOT for everyone. If I could sum up one trait that is critical for someone to have success with a homebased business, it would be the desire of something more. That could mean more time freedom, money, adventure, fun, but more. There are lots of people that have fallen into the mass mediocrity of not wanting more and simply accept that their life is what they are going to get. To successfully work from home, Belief in yourself is absolutely critical. That is a BIG difference between working a job where so long as you can do what you are told, you can have some level of success. So, without further adieu, on to the list!
10. Not Enough Vacation Time
Do you really think your life is meant to be structured to only have one to two vacation weeks a year? Have you ever had to miss an important event due to “not having enough vacation time”?
9. No Tax Deductions As An Employee
When you work for someone else, you get virtually no tax benefits. In a book called “Lower Your Taxes” by Sandy Botkin, a former attorney and trainer for the IRS, he makes some powerful statements. In the first sentence and first chapter of the book he suggests you own a homebased business to enjoy the best tax benefits this country has to offer.
8. Unpaid Overtime And Working on Weekends
This is especially true in this economy. Guess what? When the unemployment rate is as high as it is, bosses and owners know that they can expect more out of you without paying you for it. They know there are plenty of people out there that would LOVE to have your job so the majority of bosses out there are asking employees to work longer and harder hours for the same or less pay.
7. Business Travel Away From Your Family
I have never had a job that didn’t ask me to do some traveling. However, I have never had a job consider my significant other and kids. However, compare that with my homebased business that I have won 6 vacations from in the last year, and, every single vacation, they paid for my significant other.
6. Your Daily Commute
You know what the best thing about an alarm clock is? Not having one. I remember getting up, getting ready and jumping in my monkey suit to drive to someone else’s building to work for someone else’s dream, now, my commute is from my bedroom to my kitchen where I usually have my laptop.
5. No Respect and No Job Security
Security is an interesting thing. Some believe that having a homebased business is too risky. By the age of 25 I had worked my way up corporate America as a project manager and then a database administrator. I saw people getting laid off and losing their job, to me, putting my future 100% in the hands of someone else was too risky. I have never had an actual terrible boss but I do remember defining moments in my corporate career where it was made apparent to me that my opinion really did not matter at all. Most people simply want more respect in life, that is something you don’t typically find working for someone else.
4. Too Little Pay and No Ownership
Most people focus on pay. That is not always the best thing to look at but in this economy, people are getting paid less and less to do what they used to do and, like point 8, they are getting asked to do more than ever. The BIGGER point is no ownership. Why would someone work their whole life on something they will never own. When you work a homebased business, not only are you paid in a more tax friendly way, you also have been building an asset that you own. You never see someone work their way up to a vice president level and then sell their position to their brother…that’s because they don’t own anything to sell.
3. Worrying About Being Laid Off
Here’s the reality, 20 of America’s largest corporations have shut down in the last 18 months. I recall one of the first to go was Bear-Stearns. Bear-Stearns was the 4th largest bank in the world, had survived 2 World Wars and the Depression and in the blink of an eye, one Monday Morning, 14,000 unsuspecting employees lost their jobs. Do you know who also lost their job that day? The Employee of the month. It is not always just the crappy employees that lose their jobs.
2. You work With a Bunch of Stiffs
This one doesn’t really apply to me as I have always worked with people that were fun to work with, however, I know a lot of people can resonate with this. However, owning a homebased business means having the power to pick and choose who you work with. In fact, just this morning I told someone that I didn’t think we could work together. Some confuse working a homebased business with trying to work with anybody and everybody and I simply disagree.
1. Your Boss is an “Idiot”
When I worked for other people, I certainly had my share of interesting bosses. One boss I thanked profusely for learning so much from them, I didn’t include the fact that they taught me about everything NOT to do, just simply thanked them for teaching me so much. Here is a quote from Plato that I think sums this up:
“One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.” – Plato
I think this pertains to your business life as well. Refusing to own your own business can doom you to be managed by those that are inferior.
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September 4, 2010 at 2:58 pm
Awesome post Ray, every one of those points hits home. Here’s to helping more and more people find their Freedom.
Love that Plato quote by the way. That was key.
~Brian
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Ray Higdon Reply:
September 4th, 2010 at 3:00 pm
Thanks Brian, glad you liked it brother!
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September 4, 2010 at 3:16 pm
Shared my comments on http://wwww.Facebookcom/relong site
I appreciate your very helpful info and links you send out.
Thank You for your leadership for helping many have the direction needed for a survivle change for life,family and future
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September 4, 2010 at 3:18 pm
I quit my “good paying, good benefit, secure job” 3 years ago because I was tired of not having any control over my time, forced overtime, working 50-60 hrs a week most of the time. I found out that they cut everyones pay a year after I left.
I never look back because my family appreciates me being home more and I can go to my kids events and I am a happier person.
Thanks Ray,
Robbie Johnson
Home Business Revolution Underground
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Robbie Johnson Reply:
September 4th, 2010 at 3:19 pm
PS I love that photo of that boss at the bottom. Hilarious!
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September 4, 2010 at 4:12 pm
All 10 points are accurate and relevant.
My favorites, however, are the top 2!! lol
#1) There’s been a few times in the past where I think I had a supervisor who definitely had bad ” people skills “.
#2) I don’t look at some of my coworkers as ” stiffs ” or idiots,
but I DO feel sorry for some of them (maybe even ALL of them; lol) since they seem to be content with just being part of the ” herd ” or one of the ” sheep ” and I wonder if ANY of them have an entrepreneurial spirit and a desire to ” break out ” like I do.
Being around people like that 6 days a week can be a bad influence on a person, so it’s a relief to me to interact with other like minded people on forums related to Numis Network and MLSP.
I think we all need to be reminded occasionally of things that we already know. Thanks for the reminder, Ray!!
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September 4, 2010 at 4:18 pm
Great post Ray. Hopefully, for their own sakes, people will start to wake up and realize their true potential lies not in how well they can do at their job for their boss, but for themselves as a Home Business owner controlling their own destiny.
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September 4, 2010 at 4:20 pm
Wow Ray, this hit home big time! I recently lost my job due to job elimination, thank God for my home-based business! I can certainly relate.
Andre’
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September 4, 2010 at 4:39 pm
Love this post, ray. I worked for an accounting firm until April of 2009. I was one of the highest paid staff in my department with a CPA license. Guess who they let go? The one who was getting the higher pay check, me. In So Cal, there are so many Accountants with CPAs and MBAs that have been looking for a New JOB for almost 2 years. There are so many people looking for very few jobs. The Fact about getting a JOB and going to work for someone else’s dreams for less pay makes me sick to my stomach. This is why I am determined to have success in my Home Business.
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September 4, 2010 at 4:54 pm
Hey Ray,
Great post. I have been working for myself now for the last 8 years and have never looked back. Its amazing how many people are “OK” with letting their futures be dictated by their “bosses.” I had to pick up a side job a while back due to slow economy and was quickly reminded why I worked for myself. If you have the drive to be successful and want to get rid of that glass ceiling, I encourage anyone to become an entrepreneur. The benefits are endless.
Really enjoyed this.
Thanks again
Tony
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September 4, 2010 at 5:18 pm
Great post Ray,
Those 10 points really hit home. I thank God I woke up and decided to make it happen in this industry. Keep those post coming.
Blessings to you,
Clay Collins
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September 4, 2010 at 5:40 pm
Thanks Ray for posting this. On http://facebook.com/bethgattshallhawkins I also mentioned the doors that home based businesses opened up for those who either could only work from home or because of current circumstances needed to work from home. The internet and the home based business industry has brought so much hope and prosperity to those who needed a helping hand up and were not willing to settle for a hand out. Keep up the great posts.
God bless, Beth Hawkins
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September 4, 2010 at 5:41 pm
I love this post, Ray!! Especially the last one. Office Space is one of my all time favorites.
Staci
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September 4, 2010 at 6:10 pm
Ray, Another great article. Keep them coming. I have been running my “regular” business from my home for 14 years and I like walking from bedroom across living room into my office. Great commute. Beats the one I once had taking 1 1/2 Hrs each way.
Thanks for our continued leadership.
Dennis
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September 4, 2010 at 6:16 pm
Good Stuff!
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September 4, 2010 at 9:26 pm
I had to quit my boss when he went broke so I just bought him out and haven’t looked back for 40 years. Why would anyone want a JOB.
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September 4, 2010 at 11:18 pm
This post is gonna hurt some corporate feelings but what the hell, I emailed it to all my co-workers emails. Sue me! Great read my friend! Sometimes the truth hurts.
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September 4, 2010 at 11:26 pm
Hi Ray,
I usually don’t make comments on Blogs… I normally read the info. and move on, but this article got to me more than others. First of all, I’m a Commercial Airline Pilot. I started a Home Based Business of Number 9 (No Tax Deductions as an Employee). After learning more and more about this industry I sort of got hooked. Even though I make a high six figure income there’s no such thing as J.OB. Security. That’s a thing of the past… The only thing I have to look forward to is a (401K) and I guess social security. We all know what that means… need I say more? Anyway, I could go on for hours, but this is not the place for that. Just wanted to take a moment and comment about your article.
Keep up the great work,
Eric Green
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September 5, 2010 at 1:51 am
Hi Ray ~
So many of the 10 reasons applied to a number of the people in the group you spoke with earlier today. Especially in this economy, this would be an excellent prospecting piece. I’m going to suggest it to my group and plan on using it myself.
Hey, you’re the BEST!
Aloha!
Bob
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September 5, 2010 at 1:56 am
Great Post Ray..Believe it or not..Uncle Sam and the Government are also cutting back..And having these types of jobs are consider the “minority” in your a refreshing business online presntation. No job is safe now.
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September 5, 2010 at 4:21 am
Superb post Ray! We can certainly relate as we both lost our jobs within 9 months of each other. It was such a blessing in disguise. We’ve never been happier. We have more time freedom, we are our own boss, and we get to help others which is so rewarding!
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September 5, 2010 at 7:37 pm
Great post Ray! Awesome info to share with all my employee friends!
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September 5, 2010 at 11:47 pm
Hello Ray, Another great article, you sure know how to present the reality of working a job. Network marketing is the way to go. Thanks, Andrew Gallop
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September 7, 2010 at 2:30 am
Ray ,
Great post everyone won’t get this , but that’s ok
There is enough of that do!!
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September 7, 2010 at 1:43 pm
Thanks Ray –
Excellent reasons and the majority of them are why I am building Numis!!
See you at the top!
Allen
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September 8, 2010 at 9:52 pm
Thanks for reiterating what I’ve been saying for years. And then their eyes glaze over because they’d rather watch the electronic drug.
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September 25, 2010 at 5:51 am
In this economy big business is cutting the hours of employees who have been there a long time, and hiring new inexperienced people part time to lower the cost of labor. Now you have more people who are not making enough money to survive in this economy.
Take Control Of Your Life and Be Your Own Boss
David Miller
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November 13, 2010 at 3:29 pm
Great Post. I have done four home based bis’ and your advice is the best any upline ever gave. Your consistiency. Helps a lot too.
Thanks Ray!
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