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You Deserve To Start Your Most Successful Home Based Business!STEP 2.4
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The economics of abundance tells you that home-based business entrepreneurs have the edge today.
The economics of scarcity and the economics of abundance are two prevalent and opposing views in today's economy.
Which perspective you subscribe to will drive your choices, your actions and, to a great extent, your destinies. I believe that the economics of abundance is what we see happening in today's world.
Why?
Let's summarize some important principles we've learned in STEP 2.1 to STEP 2.3 about our new abundant economy and your most successful home based business opportunity.
1. Resources Are Unlimited
First, the economics of abundance tells you that we will never run out of resources because we always invent new ones.
Conventional economists are saying for example, that the planet's supplies of oil are running out.
From the point of view of an economics of abundance you see that every time we reach the limits on one resource (for example, oil), we use our human ingenuity to invent a new and better one.
2. The Truth About Unemployment
Second, the traditional economist tells you that when unemployment is up, the economy is in bad shape.
The theory of economic alchemy tells you that unemployment is a necessary and positive sign that the economy is growing.
In essence, unemployment means that old technology is replaced by newer, better technologies, more productive ones. These newer technologies are important resources for your most successful home based business.
3. New And Emerging Industries
Third, conventional economists often say that all the best jobs are going to China, India, Singapore due to globalization.
The reality is that new and emerging industries, like Internet services, the wellness industry and direct selling are replacing all those jobs, creating more wealth and growth.
Your most successful home based business idea could be in one of these new and emerging industries.
4. The Internet
Fourth, some traditional economists tell you that the Internet is yesterday’s news and that your most successful home based business opportunity is for example in retail or franchising.
However, the Internet represents one of the greatest economic revolutions in history, and it’s just getting started.
Our world is being transformed by the Internet and the near limitless choice that it provides to consumers.
And home-based business entrepreneurs seeking a home income online opportunity belong to those who take the most advantage of this.
The following video explores the changes in the way we find, store, create, critique, and share information using the Internet.
5. Working For Yourself Is The Safe Route
Fifth, in mainstream economics the view is that going into business for yourself is risky. Ask your friends! Their reaction will be: "Who can afford to lose out on health insurance, continuing education paid by your employer, and retirement benefits?"
They think that the safest, most secure position is to work for a corporation.
But that was yesterday's reality. In today’s new economic environment, working for yourself, as a home-based business entrepreneur, is actually the safer route, and working for a corporation has become the riskier proposition.
Why is that?
Because changes in tax law have leveled the playing field between corporate employees and self-employed businesspeople.
But also because there is a trend in today's new eYouconomy toward decentralizing large firms and shifting toward smaller businesses, "virtual corporations" and independent contractors.
Individual entrepreneurs are often far more competitive than the big corporation.
In this new, internet, service-based economy the optimum size for corporations shrinks.
Successful companies in the new eYouconomy dominate their industries "virtually", by utilizing an ever changing list of efficient outside suppliers.
6. The Entrepreneurial Age
Sixth, traditional economics and the economics of scarcity teach us that small businesses are often absorbed by large firms.
The reality is that the future of business is in small, home-based businesses, an entirely new model for business and work, an economy of abundance.
This future is already here. Your most successful home based business opportunity is already here.
The age of the corporation now gives way to the age of the entrepreneur.
In the new eYouconomy the individual entrepreneur has the distinct edge.
"The most important factor that determines how successful you will be in home based business is YOU"
- Paul Zane Pilzer -
- Paul Zane Pilzer - |
Your To Do List
Here are some important questions for you to answer and work on.
1. Is your work in new and emerging industries?
2. Are you fully taking advantage of the Internet as a way to build your most successful home based business venture?
3. Do you have a plan A, a plan B, and a plan C to convince your employer to let you quit and go into home-based business for yourself?
4. Are you doing something you love? Do you know what you love most? Think about how you can turn your hobby into your most successful home based business by what you learn here on this eYouniversity web site.
Advance to STEP 2.5
The economics of abundance is in fact about the next generation of Internet revolution and opportunity.
Technology and the Internet are transforming our economic world and concepts, making the world a smaller and more connected place.
Your most successful home based business opportunity is in reaching niche markets through Internet technology.
The Internet is your most important technology in today's new eYouconomy. The Internet is the motor of a new abundant economy in which everyone can find something different to enjoy.
Understanding the Internet is the key to your economic wellness as a home-based businessperson. It's the topic of STEP 2.5.
What is eYouniversity? (eYou)
eYouniversity is an online business incubator. The goal of eYouniversity is to support the online entrepreneurial process, helping to increase performance and profit levels for innovative small online businesses. You can learn more about eYouniversity (eYou) on the About This Site page... the story behind eYou and successful home businesses on the Web.
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