There are a number of ways that a person can lift themselves out of poverty, with the main one being starting a home based business. Well, lets look beyond the idea of “home based business” because the concept has been beat to death and is wrought with scammery.
Lets just look at forming any kind of business for starters. At the end of the day it doesn’t matter if the business is based at home, out of an office or other location, or whether its based on the internet. My suggestion would be to locate the business in its space, relative to what the business does. For example, tire shops don’t conduct business online, so any website or web investment should be minimal.
Benefits of Business Ownership
When you own a business you don’t have to pass background checks, you can hire yourself. The next thing you’ll need is a service, and a few customers. The more customers you have, the merrier; obviously. Employees should be hired when you need help to make more money, but be sure you can afford the help and that it doesn’t put you in a jam as it normally does with new business owners.
Most people who win the lottery end up broke. I feel this is the case because they were financially bad off in the first place, and a simple addition of money isn’t going to change that.
Because money was the problem in the first place.
Don’t get me wrong, there are a lot of people who would get their hands on a large of money and not seek out to spend it at first breeze, however, most folks who have a habit of spending every single penny they get their hands on would do just that.
Spend every penny they get their hands on.
Therein lies the problem; the concept of saving money goes lost.
The first thing a financially challenged person should do if they intend to start saving money is to get in the habit of putting back a small stash. Over time, your mind would be trained with one simple lesson: “It’s o.k. to save a little”.
Once you learn this lesson, you’ll notice your view on time, money, work, and organized spending will adapt to the new norm. Only problem is you gotta get to the point where saving money is a new norm.
Thanks for reading! Look for more insightful bloggings later!