Corporate Job or Home Based Business? Which is the best for our present and future?
Corporate Job is when we are working FOR a company and Home Based Business is when we are working WITH a company FOR ourselves.
Whenever I asked an employee in a Corporate World on if they were interested in doing a Home Based Business? Many of them would say NO! I am a very curious person, I like to ask questions so I always ask them for the reasons on why are they not interested in Home Based Business? I would hear tons of advantages of working in a Corporate World and disadvantages of Home Based Businesses. Then I went to the Entrepreneurs who were operating a Home Based Business and I asked them for the reason they are working FOR themselves and not FOR the Corporate. Unlike corporate employees, I got many advantages of Home Based Businesses and disadvantages of Corporate Jobs.
I then decided to analyze all the advantages and disadvantages of Corporate World and Home Based Business. Here is my analysis:
One of my good friend (and ofcourse myself) working in the Corporate World told me that his company provides him opportunities that helps improve his skills and learn new ones. In other words, companies use innovations to compete and excel in the industry. Trainings, assignments, responsibilities and multiple projects are the privileges for them to prove their abilities, improve their skills and learn new things. In addition, Corporate Jobs helps expand network WITHIN the company or at most, WITHIN the industry. Home Based Business gives you the opportunity to meet the ENTIRE world through internet that never sleeps; opens up the door to meet millions and millions of people with whom you share your experiences and learn from their experiences too. You will find expert coaches that will give you training on regular basis and will mentor you throughout your journey. You will have responsibility of your own business and that is how you will be motivated to create your own strategies to expand your Home Based Business and gain more and more PROFIT out of it. I am also one of the expert coaches who have created many successful entrepreneurs in the world of Home Based Business. I can be contacted via www.milliondollarresidualplan.com
Corporate Jobs provide SALARY, whereas Home Based Businesses are PROFITED. Now carefully look at both the terms, SALARY & PROFIT. In the Corporate World, the company we work for does gain PROFIT and they provide us with a SALARY FROM that PROFIT which is not even be 1% of their PROFIT. On the other side, when working FOR ourselves, the PROFIT we make is what we KEEP. That’s right; no one is going to give you a handful of money from that PROFIT calling it as a SALARY. It’s the ENTIRE PROFIT YOU KEEP! Also, in Home Based Business there are a lot of Tax Advantages. You can deduct a part of your home’s operating and depreciation expenses on your home as business expenses. This can be a percentage of your mortgage, property taxes, insurance, utilities, and/or the expenses of household maintenance. Read more about Tax Advantages on Home Based Business at http://harpritsinghblog.com/183/advantages-of-starting-a-home-business-%e2%80%93-tax-benefits/
In addition, the best advantage that I feel the Home Based Business has is the Personal Freedom. NO BOSS standing on top of our head setting deadlines for us and NO STRESS of getting late at work or not being able to complete an assignment. Home Based Entrepreneurs have a lot of time to spend with their friends and family.
Now let’s check out some disadvantages of Corporate Job and Home Based Business.
While working in the Corporate World, I have personally witnessed employees being less creative and are not much willing to try new ideas due to the fact that any new idea goes through huge bureaucratic filtrations which obviously is not in our hands and sometimes they get very annoying. As I have personally experienced, in Corporate Job people tend to be very stressed out and their rewards are much less compared to the hard work required by the company. These Corporate World problems cannot be resolved by us; we just work like a zomby and follow the rules set by the “Big” people. Now let’s look at the Home Based Business where everything is controlled by you. You are the “Big” people. Of course, even Home Based Business has some negative points, but since you control your business, every disadvantage, every negativity has a resolution. The biggest pitfall of the Home Based Entrepreneurs is falling short on cash. Getting an expert advice on how to minimize taxes, forecasting startup costs and expenses, and having enough cash in the bank is the best solution. I have showed many different strategies on conserving money in various areas and I can also guide you. Another drawback of Home Based Business is that people don’t take you seriously and soon you give up. Now this is something that you and only you can resolve. Be strict, show your potential clients that you mean serious business, it’s not a joke. Demonstrate your expertise; tie your ideas and suggestions with them and their lives. In addition, many clients feel that they are not able to communicate with their mentor on regular basis; they feel that they do not have enough training and as a result they leave your team. The most effective way to retain your team/ clients is to hold meetings regularly and keep your clients updated via sufficient trainings.
After analyzing these advantages and disadvantages of Corporate Job and Home Based Business I can conclude that Home Based Business has more advantages than Corporate Jobs. In addition, every disadvantages that Home Based Business has, there is a solution to it; whereas, disadvantages of Corporate Jobs’ resolution is not in our hands.
What are your thoughts after reading differentiating between Corporate World and Home Based Business? What are you thinking? Are you still confused? Would you like to learn more about this topic? Please feel free to visit www.milliondollarresidualplan.com and submit your name and email address, you will be directed to the page where you will find answer to all your questions along with my contact information. Remember, your mentor (me) is always here for you!
One Comments
[...] [...]