Monday, August 23, 2004

Why not choose Making Profits instead of a new job?

If you're not making enough money at a job you're working at, what are your options?

When I ask that question to people I meet, 80% of them typically come back with these answers: Ask for a raise; try for a promotion; find a new job; train for a new career and then find a new job; work a second job.

Hmmm...seems reasonable except for one thing. If it's not a commissioned sales position, you're most likely going to find that you just hit a new limit to how much you're being paid. It's not likely to go much higher for a long time. And if you're like a lot of people, that extra money soon becomes spent on other things like a car, boat or a really cool vacation.

Or on raising your kids - you know how expensive it can be to have a family these days.

Speaking of families, I just finished reading an article by Stacey Bradford called "Time to Dust off the Briefcase" about stay-at-home parents getting back into the workforce. You can read it here by
clicking here (hopefully the link will still work by the time you read this).

Now I really liked the article because it offers some great ideas on helping you get a job. But my thought is, why not get rid of the constraints a job puts on you and and use her advice for creating profits instead? What I mean is that if you "Keep Networking", "Set Up a Part-Time Consulting Gig", "Do a Little Pro Bono Work," and "Educate Yourself" you've already done most of the ground work for your own business.


Then it's only a small step to actually launching it fulltime.

If you're not sure if you could ever run your own business, then you've to take a look at what kids are doing with their own companies these days. If a 13 year old girl can make $60,000 a year while going to school fulltime - then you certainly can! Just check out the Entrepreneur.Zone and find all kinds of inspiring case studies you can duplicate.