Sunday, April 28, 2019

Family business - do you need one?

We have been hearing the government and most of the media talking about economic improvements. This depends to a large extent on employment reports and the lack of inflation.

Then we went to the gas station to buy gasoline that was 50 cents more per gallon than a few months ago, and it is still increasing. Then, the idea of ​​how the government measures inflation is going on.

Inflation data comes from Congress, which reflects the cost of cars, carpets, homes, computers, television, appliances and more. Not exactly our daily purchase.

The inflation data does not reflect the cost of gasoline, food, electricity, clothing, insurance and other necessities that you and I pay every day.

In the past 12 months, oil has risen by 21%, copper by 42%, corn by 41%, cattle by 21%, wheat by 43%, soybean by 38%, sugar by 52%, coffee by 62%, and cotton by 90%. These goods affect everything we buy from clothing, fuel and food. At the same time, wages increased by 0.5%.

That's why more and more people are looking for home-based businesses this year than ever before. There are currently 29.5 million self-employed people in the United States, and another 22.5 million are looking for self-employment.

With the economic situation and high unemployment rate in China, the interest in entrepreneurship has rekindled. People no longer feel comfortable or safe to work for others. They saw their colleagues, family, friends, neighbors and others lost their jobs. And now what are their ideas, I am the next one.

There are many advantages and benefits when you decide to work in a home business. Here are just a few:

- You decide
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  - You are the boss.
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  - Individual freedom, less stress
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  - You can start part-time
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  - You choose to bring products and services to market
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  - You choose the time you want to work
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  - You can start with a low investment and grow as needed
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  - You can get your family involved in your business
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  - Tax incentives for operating family businesses

How comfortable and safe is your current position? If our economy is once again in a downturn, will you rely on others to take care of you and your family, or will you be responsible and provide your own support?

"Entrepreneurs are always looking for change, responding to change and making it an opportunity." - Peter Drucker, businessman




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