The Fastest Way to Enhance Your Income

The workforce has never witnessed so many dramatic changes in such a short span of time. Pensions have been or are currently being replaced by employee-funded 401k plans, but are under-funded in the majority of cases, leaving retirees little choice but to delay retirement. Plus, we now see companies eliminating domestic jobs left and right by relocating operations and/or outsourcing whenever possible. 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. With job security gone, energy and food prices climbing skyward with no end in sight, and little hope for things to improve any time soon, it can seem almost impossible to get ahead these days. But you can end worries about outsourcing and secure your own financial future by starting a work from home business.  In fact, here are the top five reasons to open a small business right now:1.  Fastest Way to Enhance Income and Purchasing Power2.  Small Companies are Ideal in Global Economy3.  Favorable Interest Rates4.  High Availability of Low-Cost Start-Up Opportunities5.  You Are In Control!Income growth may disappear altogether and ultimately be followed by diminishing purchasing power until wages between East and West reach a balance point. Globalization will only increase pressure on Western working wages, and slowly but surely diminish living standards for millions. Outsourcing, relocating operations, and importing workers with work visas are just some of the methods used by corporations to contain labor costs. Income growth will be stagnant or non-existent for the foreseeable future. To avoid wage stagnation or even a diminishing standard of living, it is vital that you start another revenue stream with a legitimate and profitable work from home business.If a small business owner is well-organized, dedicated, and able to adapt to the rapidly changing conditions of the new global economy, they will thrive beyond their wildest dreams. As companies shed more expenses by outsourcing more and more functions, an unprecedented number of opportunities are created for ambitious work-from-home businesses. The biggest percentage of new job growth in the U.S. and many other industrialized nations comes from the small business sector and this trend will continue as globalization intensifies and corporations continue to cut staff. A company may try to cut expenses by eliminating a position internally, but the work still needs to be performed, creating unprecedented opportunities for small business owners. Look for this trend to continue in the coming years making work from home businesses the last bet for anyone looking to thrive in this new world economy.To successfully start and grow a new work from home business opportunity, an investment of capital will be required. It is common for interest rates to be lowered during bad economic times in order to stimulate investment. 2008 should be a good year for anyone with a sound business plan, decent credit, and some initiative to go out there and secure the capital they need to start a work from home business.The Internet is helping to create millions of new business opportunities and will continue to do so until reaching an anticipated saturation point in the next 3-5 years. 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.Runaway inflation and flat income growth will soon make owning a work from home business a necessity. The pressures of globalization will only cause outsourcing and job flight to intensify causing more and more of us to consider starting our own business or working in some service industry job for less money. But success is a fickle creature and no fewer than 50% of small businesses fail within the first 3 years. The potential for success is only reserved for those willing to invest the time, money, and effort necessary to grow the business properly. Failure is still a possibility even when owners give it their best.  Sometimes, it just boils down to the idea and timing. Still, success is more possible today than at any time in history.  Again, the trick is identifying the legitimate work from home business opportunities from the scams!