It is that time of year when many of us are with family and friends; and we welcome the opportunity to gather around a bountiful feast and give thanks for all the blessings in our lives.
Over the next few days, as I participate in the activities of the season and give thanks to my family, friends, and business associates, I am also going to be thankful for the desire to make money. It is a good habit of thought to have and I am thankful I can foster this habit in you, my readers.
I recently noticed that there is more bad news than there is good news coming from the retail and restaurant sectors of our economy.
The losses in the 2nd quarter are worse than expected for Barnes & Noble. WalMart’s profits are down and projections for the remainder of the year have been reduced. The loses at J.C. Penny are double the projections. And the profits at Bob Evans Restaurants are off 40% due to the rising cost of pork, operations, and employees. Also, a whopping 82% of restaurants, restaurant chain owners, and franchisees list the impending Obamacare and minimum wage law issues as their biggest worries keeping them from expansion.
In the U.S. there are more than 10,000 people a day turning 65 and living longer than ever. Over the next 10 years, there will be 79 million people drawing on Social Security and at the mercy of Medicare.
Yet, many of us in this generation are not willing to rely on the established way of doing things. We have decided to take a stand and enjoy every minute of the time we have left.
So many of us are seeing that our livelihoods and that our investments are being impacted by the Internet-driven restructuring of the economy. Many believe that what has been unfolding in our economy since 2008 is just the opening phase of an economic revolution that has only been experienced twice before in human history.
The first was about 10,000 years ago when the human race transitioned from hunter-gathers to farmers. The second was when the Industrial Revolution kicked off in 1769 as Richard Arkwright built the world’s first true factory in Derbyshire, England. This caused a complete refashioning of the agrarian way of life and England was not recognizable from the nation it was a mere century before.
Having a home-based business is rapidly becoming a necessity in our underperforming economy.
Here are some guidelines to make sure your home-based business is not a hobby but a legitimate business. Follow these guidelines and shelve your worries about the IRS ruining your home-grown financial survival plan. These advantages are available to all businesses, even small ones.
As the economic crisis continues to take a toll on people around the world and unemployment rates steadily rise, a home-based business opportunity may be the answer to a shrinking job market.
Unfortunately, too many people today see unemployment as part of the economic cycle and they believe that when the economy recovers, employment will naturally go up.