Top Home Businesses: You Should be giving Serious Thought to Starting Your Own Business

There is a growing trend world-wide for people to choose to work from home for any of a wide range of reasons. Some of us will remember how our parents worked for one company for a lifetime, collected a gold watch after 25 years of service, and retired at sixty-five or thereabouts to live in reasonable security on a company pension.

Those were the days before inflation became the bugbear of investments, and companies switched to providing Provident Funds, so that the employees carry the risk of providing for their old-age. Guaranteed pensions are becoming a relic of the past, as pension funds all over the world battle with unfunded liabilities.

Retrenchment was an almost unheard-of concept until comparatively recent times, where it's not unusual for an individual to be retrenched two or three times during a working lifetime.

The idea of having the "security" of a good job with a large company no longer exists. In some ways this old paternalistic approach was inappropriate in many ways, but for better or for worse, those days are gone, forever.

The golden rule then is to take responsibility for yourself, your life and your future, because no-one else will do it for you! The shock of being told to collect your severance pay on your way out of the gate, is massive, at least.

The sudden awareness that you're on your own, and that you'll have to undertake dramatic changes to survive, is traumatic at the very least. The emotional shock can scar an individual irreparably, having to deal with loss of self esteem, and feelings of failure.

This is not intended to sound like bad news, but is only to portray the reality of life today. How different these feelings can be if the individual has put contingency plans into place, well in advance.

This is a compelling reason to start a business from home, to make some provision for the possibility of retrenchment. If the day doesn't arrive, it's extremely comforting to have another plan up one's sleeve, just in case. The added bonus of some extra income in the interim is yet another advantage!

In another article in the series, we'll look at some other reasons for starting your own business, and we'll consider some of the options you may wish to consider in deciding what to do, from the huge range of top home businesses that are available, and from which you may choose.