Why Control of your Financial Future is No Longer a Luxury

Feb 10
17:55

2008

Syd Stewart

Syd Stewart

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It is honestly a full-time job keeping up with the astounding changes caused by globalization. Previous generations could count on companies for...

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It is honestly a full-time job keeping up with the astounding changes caused by globalization.  Previous generations could count on companies for employment throughout their lives while we may literally need our own work from home business because we would starve if we counted on the those same companies! Benefits like pensions are already a thing of the past,Why Control of your Financial Future is No Longer a Luxury Articles and many companies are now pushing to eliminate health insurance, thus forcing employees to pick up the tab. The corporations, citing fierce competition due to globalization, are now sending many of our best blue and white collar jobs overseas using outsourcing, work visas, and even operations relocation. Purchasing power diminishes by the year as income growth stagnates and inflationary pressures in the energy and food markets combine to ultimately lead to a lower standard of living for the first time in living memory. So the big corporations get richer, the average worker slowly watches their purchasing power diminish, and there seems very little that can be done about it.  Is there any hope for the average worker in the age of globalization? At the end of the day, the best way to secure your financial future in the age of globalization is to have your own work from home business.  Right now, there are five important reasons why 2008 is a perfect year to start a small business:1.  Income Unlikely to Rise in 08 and Beyond2.  Small Businesses Thrive in Global Market3.  Lower Interest Rates 4.  Unlimited Opportunites5.  You Control Your FutureIncome growth may disappear altogether and ultimately be followed by diminishing purchasing power until wages between East and West reach a balance point. As the intensity of globalization increases, the living standards for millions of Western workers will slowly diminish. With the availability of skilled workers increasing in low-wage nations, so too is the competition for every single job out there.  This makes it easier and easier for the corporations to pay lower wages via outsourcing or even relocating entire facilities. Wages definitely will never again increase at the levels we once knew. The surest, most effective way to get ahead in this global market is to capitalize on a work from home business opportunity.Small business owners with solid yet adaptable companies can thrive in the global market because they can change quickly and better respond to volatile market conditions. Small business opportunities have sprung up as larger companies are now outsourcing functions to competent, reliable, and talented vendors--even people they once gave a pink slip too! The larger companies are essentially forced to cut staff due to global competition while small businesses continue to flourish, and now make up the largest percentage of new job creation in the U.S. and most Western nations. People can transform their former or current jobs into work from home businesses and end up making more money, having greater control, and ultimately enjoying their work instead of dreading it. Anyone looking to get ahead in this new world economy would do well to start a small work from home business now in order to thrive tomorrow and into the future.It takes money to help start and grow any company, even the smaller ones. Hard economic times tend to coincide with low interest rates and great opportunities for small business owners to secure cheap capital. The U.S. housing crisis and slowing economy will lead to low interest rates in 2008 making it a perfect year to secure cheap capital for a legitimate work from home business opportunity.Although somewhat cliched, the fact remains that the Internet is still the largest single opportunity for small business owners. The real trick is to identify and capitalize on the legitimate opportunities while avoiding scams. Finding them is certainly difficult but there is no doubt that the world has never before seen so many legitimate small business opportunities in its entire history.Finally, control of your financial future is no longer a luxury--it has become a virtual necessity. Outsourcing will continue to force millions of people to choose between lower paying service industry positions or unlimited income potential with a small business. But success is a fickle creature and no fewer than 50% of small businesses fail within the first 3 years. It takes dedication, commitment, and hard work to make a work from home business blossom. And even after all that, a business can still fail to really take off and prosper. While failure is always a possibility, there has never been a greater probability for small business success than right now.  Just be careful in choosing the right opportunity as it can make difference between success and failure.