Home-based business start-up is exploding, particularly within these two groups.
Today employees are putting their values first and topping the list are family, health and relationships. Taking control over earnings potential is another huge draw towards working from home. Employees are tired of working exhaustive hours while sacrificing health and time with family to line someone else’s pockets.
Patrick Gross, a Long Island, NY print shop owner had been the longtime manager of a printing plant until he decided to take the risk and strike out on his own, opening a small print shop 40 miles from his home. He had a successful career doing what he enjoyed, but he had a burning desire to be his own boss and took the leap.
According to Gross, “The hard part has been discovering the difference between being a manager and an entrepreneur. I was a great manager, but as an entrepreneur, I wasn’t experienced.”
Experience came hard and the toughest part was keeping up the motivation when everything seemed so overwhelming. He realized he had to work harder than he ever did and had to worry about things employees were never troubled by.
During the first quarter of 2007, The United States Department of Labor reported 965 lay-offs resulting in the separation of 139,269 workers from their jobs for at least 31 days. Permanent closure of work sites affected 24,865 workers.
The majority of permanent layoffs are attributed to business demands such as contract cancellation, import competition and domestic competition, followed by organizational changes such as ownership change and restructuring, and financial issues such as bankruptcy and cost control.
Tonya Thomas, laid off due to a company merger, realized that the risk of having a job and becoming laid off at any time was greater than starting her own business where she could take control over her failure or success. She put her experience to use and started her own virtual assistance business called Small Office Assistant.
Employees are realizing that home-based business can be the path to freedom and happiness, "But getting started can be very difficult," Laurie Hayes, founder and director of The HBB Source warns. "We recommend that home business hopefuls do their due diligence before taking the leap or investing any significant time, energy or money."
The HBB Source™, based in Ontario, Canada is an organization that helps entrepreneurial hopefuls by providing resources and information to those interested in working from home.
The HBB Source offers a bi-weekly newsletter, resources, coaching and a home study program titled, “The Complete 12-Step Guide To Starting A Home-Based Business: How To Transition From Employee to Entrepreneur Without Losing Your Mind Or Your Shirt” to help aspiring business owners make the transition from employee to entrepreneur as easily and quickly as possible.
“Nobody should start a home-based business until they've gone through this program,” says Steve Lowell, a home-based business owner from Ottawa, Canada. “It will shave hundreds of hours from your learning curve and save you thousands of dollars in costly mistakes.”
Laurie Hayes created the home study program after several years of coaching new entrepreneurs. Although the majority of her clients were employees looking to break free from their jobs, her client base expanded as dislocated employees began looking to entrepreneurship as an option to employment.
The most important thing to know going into entrepreneurship is that 90 percent of new businesses fail in the first five years.
“Success in home-based business is all about collecting the right information and taking the right actions in the right order. There is a formula to follow and if you follow the right steps in the right order, and bring enthusiasm and passion to the mix, you can create anything you want,” says Hayes.
For more information on The HBB Source, view the web site at http://www.thehbbsource.com.
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About The HBB Source: The HBB Source offers free tips, strategies and resources, along with coaching and a self-guided home study program to help employees transition to home-based entrepreneur faster, easier and smarter. Learn more at www.thehbbsource.com