Tuesday, November 28, 2017

Home Business Versus Working for the Man

I'm going to do some comparisons here... kind of weighing the pros and cons of having your own home business or working for someone else. If you've been to my homepage at Land of Wee Folk.com, you may have seen the income comparison chart. If not, here's a quick breakdown.

If you work for someone else making $20 per hour at 40 hours per week, you are making $38,400 per year BEFORE taxes, health insurance, medicaid and social security are taken out.

If you have your own home business reading Wee Folk Toracles, you will make exactly the same amount per year if you have 4 clients each day and charge a low end price of $40 per reading. If each reading takes one hour, you will be working only 20 hours per week doing readings for the same amount of money as you made working for someone else for 40 hours each week.

Now, if you are working outside the home and make less than $20 per hour at your job, you do the math. Also, depending on where you live, you can charge more than $40 per reading per person if your area supports that. Of course, this makes owning a home business sound quite awesome, but there are still things you need to consider before charging ahead.

You need to be disciplined enough to work from home. You need to be able to get up in the morning. You need to let people know that you have a business. You need to put away tax money (whatever your state requires per quarter) from each reading you do. You need to put away re-investing money for your business from each reading you do for such things as advertising, business cards and hospitality needs. Hopefully your spouse (or other half) carries the health insurance... if so, you are in good shape.

With a home business, you would spend very little on gas, you could decide how many clients you wanted to read for each day and, depending on the state you live in, there are tax breaks for such things as electric, heat, phone, mortgage and so on for home businesses. If you have children, you might even be able to cut your daycare expense somewhat if you arrange your hours accordingly. There are many perks to having a home business.

My suggestion is that you write out the pros and cons for yourself before jumping in with both feet. From my vantage point, since I have not worked for anyone else for nearly 30 years, the home business aspect is the only one for me, but it may not be for everyone. You might consider starting a home business while you keep your day job, so there is a buffer there for you. When your home business becomes known and you start gaining clients regularly, you'll know when it's safe to stop working elsewhere. And, remember, you don't have to start a home business, but can use the Wee Folk Toracles cards to just make extra money reading cards in various places locally. Your imagination is the limit.

The money from a home business can be really great, but you have to build your business first, so keep that in mind. It starts, of course, with learning a skill that can be useful to other people... something you can offer them to help them deal with what life sends their way. The Wee Folk Toracles card readings can offer amazing help, giving your clients a course of action to take now concerning various issues they may have. Maybe learning this skill needs to be your first step. The training is free... you just need to purchase the Wee Folk Toracles cards. It's a hell of a deal you'll be glad you took advantage of. Head over to Land of Wee Folk and get started now!

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