Business is different than getting a job. A business does not have a cap or limit on the amount of money that can be made. A business has the duty to make as much money as possible.
A job might be capped by an annual salary. Some employees might be able to earn bonuses or they might get paid on commission. They might have a chance to earn much more than a person that has a capped income.
Starting a business venture means that a person is stepping across the line from regular employment. A business can live for a long time. A job can get eliminated or outsourced. Starting your own business gives a person more control, but it comes with a different set of challenges.
Some people are forced into starting their own business. The job market might be in a down cycle, but people still have skills. Starting a business when the economy is tough is not such a bad idea. The thing to remember is that there is always going to be change. One business might fail, but another business opportunity might be ready for prime time.
When the economy goes down and people start losing their jobs, it can cause real financial problems. One big result is people start missing payments and their credit can be damaged. A person might have good credit as long as they have a job, but their good credit can turn into bad credit in a small amount of time. There are companies that can help turn that situation around.
Robert Allen talks about getting multiple streams of income. A person should really think about adding a small or home business to their income streams. Even if the business brings in a small amount of money, it can help be the seeds that lead to more income and wealth. A person could use the biz income to pay down bills or start investing.
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