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"I can't change the direction of the wind, but I can adjust my sails to
always reach my destination." - Jimmy Dean
"If you will call your troubles experiences, and remember that every
experience develops some latent force within you, you will grow vigorous and
happy, however adverse your circumstances may seem to be." - John Heywood,
English Playwright and Poet.
If you're operating a business from home base and file an annual Schedule C
report, this eBook will help you keep more of your business profits out of the
hands of the IRS.
Get complete content details and order links HERE.
Copyright © 2000-2013
by Barbara Brabec
All Rights Reserved
Barbara Brabec's World
Prescription for Economic
and Financial Woes
First count your friends and family as riches worth more than gold. Then
consider all your special talents, skills, ideas, know-how and lifetime of
experience and look for ways to translate those assets into products and
services others will need, not only in these hard economic times but for years
by Barbara Brabec
MILLIONS OF PEOPLE lost a significant portion of their investment
portfolios during "Black October" in 2008, and are still having trouble coming to terms with this loss, myself
included. Given our economy in 2012, it appears that few of us will ever be able
to make up that loss. But there are always two ways to look at something, as the following
One day in a message to one of her sons, my sister Mollie lightly commented
on this topic saying, "We are worth less every day." To which her son, Jeffrey
Wakeman, quickly sent the following response:
"You are NOT worth less every day. Your material assets and financial
instruments might be depressed in terms of how many other goods and services
they can buy, but the value of your wisdom and your love should only increase in
the face of lifeís challenges.
"We are incredibly rich. And even when 'the market' tanks and elected
representatives reveal themselves to be more consistent than excellent, even if
we have to take fewer trips or drink less wine or (shudder) eat less fancy
cheese, there's still an overwhelming cornucopia of happiness and nourishment at
"If we have to live in tent cities and grow our own vegetables, weíll still
find stuff to be happy about if we so choose. Books and old movies, laughter and
raindrops, sunshine and silence. We'd still be better off than a lot of folks,
and we'd probably be better people than we are now.
"And if we donít have to live in tents, even better!
"News is for suckers. Knowledge is useful. Wisdom is power."
Let this sweet writing be a reminder of how much you have to be thankful for
this year, even if your coffers aren't exactly overflowing at the moment.
Focus on the Positive!
If youíve suffered financial loss and are worried about the
future, now more than ever is the time to focus on finding all the POSITIVE
things in your life that you can bank on emotionally until weíre through the
worst of the dreadful financial crisis our country is currently
experiencing. For starters, count your friends and family as riches worth more
than gold. Then consider all your special talents, skills, ideas, know-how and
lifetime of experience and look for ways to translate those assets into
products and services others will need, not only in these hard economic times but
for years to come.
Believe me . . . if you are self-employed now, you have a kind of insurance
salaried job holders will never have. I believe that now is a great time to move
forward with new ideas, a time to try new things youíve never considered before,
a time to create new products and services that will meet the specific needs of
todayís hurting consumers and businesses.
If youíve recently lost your job, or fear a pink slip is in the offing, donít
just sit there worrying, and donít limit your options only to another job. Not
everyone is suited to self-employment, of course, and Iíve never encouraged
anyone to quit a job to become self-employed, but if youíve ever considered the
idea of starting a homebased business, now is a good time to consider it once
Recessions Breed Entrepreneurs
Historically, recessions have proven to be a good breeding ground for
entrepreneurs. During the last sixteen months of the 1991-1992 recession,
Fortune 500 companies released over 600,000 people through early retirement or
layoffs. At that time, a spokesperson at a small business development center
reported an increase in the start-up of homebased consulting businesses by
corporate VPs in their fifties who had taken cash benefit packages as early
retirement bribes and went on to work for their former employers as independent
Although we enjoyed a boom period in the late 1990s, millions more lost jobs
after the turn of the century because of corporate downsizing and bankruptcies,
the dot-com failures of 2000, the aftermath of the September 11 terrorist
attack, the Enron disaster, and the 2001-2002 recession, which was worsened by
the mid-year bankruptcy of WorldCom. According to a report by one outplacement
agency, by January 2001 more than 6,000 people were being laid off every day.
Interestingly, a note in the June 2001 issue of Home Business Magazine pointed
to other studies showing that over 6,000 new homebased businesses were being
launched each day, making homebased businesses then the fastest-growing economic
sector in the country.
You only have to do a search on Google for "recession breeds entrepreneurs"
to see that this entrepreneurial trend has been holding in the current
recession. If you lack start-up funds, consider that many service businesses and Web enterprises can be started
on a nickel-and-dime budget. Any new business involves a lot of blood, sweat, and tears, but it doesnít
cost much to set up a Web site or WordPress blog to launch a new service business
or sell products you've created. Historically, new home business have had to finance themselves, so being unable to get a bank loan
wonít affect you one way or the other. If you do need a cash infusion, look
instead to financial assets you already have and may be overlooking. (More than
one home business has been financed or expanded by the profits from a huge
For help in starting a new home business, donít overlook my Homemade Money
books, which have enabled thousands of individuals to launch successful
businesses at or from home since the first edition was published in 1984. (No
brag; just fact.) Although changing technology, laws, and Web marketing
practices have naturally made a few sections of the 2003
"Homemade Money DUO"
outdated, each book contains a wealth of TIMELESS GENERAL HOME BUSINESS ADVICE from me and the many business pros and experts who
contributed to it. Read Homemade Money: Starting
Smart to learn how to make the mental transition from "employed" to
"self-employed," get invaluable self-employment perspective, home-business idea charts, checklists, and an
encyclopedic A-to-Z "Crash Course" in home-business basics that alone will be
worth the price of the book.
If youíre really poor, you can buy used copies of all my home business books
on Amazon for a song . . . or check your library if you can get value out of a
business book you can't mark up.
P. S. Good Advice from a Fortune Cookie:
Youíll accomplish more if you start now.
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