2013 Global repercussions: The impact of today’s U.S. economy
Image by University of Michigan’s Ford School
A Washington, DC conversation with Edwin Truman, senior fellow at the Peterson Institute; the Ford School’s Marina v.N. Whitman, a professor of public policy; and Susan M. Collins, Joan and Sanford Weill Dean of Public Policy.
Image by eilonwy77
I’ve gone back to kindergarten. I’m still playing with LEGO, but this time I’m actually getting paid…. (Okay, so I really just watch kids play with LEGO, but hey, it’s better than nothing!)
(I’ve accepted a position as a full-day bilingual Kindergarten teacher. So there won’t be many cheese slopes in my future, but at least it’s nice to see kids thrilled with our DUPLO. Of course, they only get a tiny smidgeon of what we have, but they still love it.)
Many people, at some stage of their lives, consider starting a home business. There are so many different reasons, and so many advantages. If you are reading this, perhaps you are considering it too? What could prevent you taking this first step is usually lack of confidence and belief in yourself and your abilities. Likewise what could lead to failure, in many cases, is a belief that you will fail, leading to a half hearted, timid, ‘I-knew-I-couldn’t-do-it!’ approach. The other main reason for failure in starting your own business venture could be a lack of preparation, ‘homework’, and understanding of what you are getting into. When you lay it out like this, it is fairly easy to see just what it would take to make certain of a success in a good home business opportunity: Find out everything you can about the type of business you are interested in.
Make a decision, that no matter how much you know about the business, each day you will find out more. This will keep you on the cutting edge and up to date with new trends. Be prepared for some set-backs, but don’t always try the same thing over and over. Make tweaks, changes, or even a change of direction, if necessary. Find what works. Make sure you have a back up plan to support you and your family while you ease into the business and get it on its feet. It is really a good idea to start off part time, rather than you quit your job too soon. What about self-discipline? It is almost universally believed that to be successfully self employed you have to have a strong will and an iron self discipline. Well, the truth is, the excitement of success is probably the best motivator ever. Self discipline is necessary when you constantly have to face pain or discomfort or disappointment. Success is fun! For this reason, start small and ensure lots of small successes. A large, rash venture that fails is far more likely to de-motivate you than a small failure amidst a host of small successes. Unless you have an idea for a local business that will really work, you should seriously consider an internet home business. Your office will be your laptop or pc and you can work wherever it is convenient as well as whenever. Your market is millions and millions instead of a few thousand local inhabitants of your area. What you need to do is go online and search out some of the best home based businesses. You will find some web sites that specialise in researching ideas for a home based business for you.
This has the advantage that they usually sift out the scams and dodgy schemes and leave you with a choice of viable business options. You just have to find the type of business that you think would suit you the best. Then the real work starts. Your own research to find out everything you can about this type of online venture. You will find many e-books, videos, DVDs and online courses as well as general information available. A great deal of it is free, as is a huge amount of peripheral information about the type of business generally. When you have found a ‘mentor’ website that you feel you can trust, you may be able to buy more detailed courses, e-books and information to get you started. Now your next step is to get started. Be careful of putting off starting. If you do, you may lose impetus and never get going. Once you are in business, set aside some ‘office hours’ every day. Don’t forget to keep up to date with new trends and do at least one new thing each day to ‘grow’ your business.