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Beware the Dangers of Self Employed Business Opportunities

Written by: Rob Bourne

Article Overview: With rising unemployment across the globe people are turning to the internet for self employment opportunities. Now, more than ever, people need proper advice when looking for home based business opportunities. The soloution lies in careful research before committing to any online business.

Beware the Dangers of Self Employed Business Opportunities

With unemployment rates climbing across the globe - it's no wonder people are looking at self employed business opportunities. In the US alone nearly 15 million people are unemployed (August 2009) and increasing at the rate of 4 -500,000 per month. The unemployment rate in the US is close to 10% - That's one person in very 10 out of work. Each country across the globe is experiencing similar rising unemployment rates - only the numbers are different.

The meltdown in global financial markets has caught most people flat footed and for those struggling with losing their job or even the threat of losing their job, the picture is even bleaker when they look at their decimated savings or retirement funds, many of which have fallen 20 - 60% in value.

As a financial planner, I recently talked to a young couple, struggling to make ends meet after both losing their jobs in the mining industry. A little over 2 years ago they were cruising, just married, and earning a combined $200,000. They bought a house, new car and took on a mortgage.

The picture today shows the stark reality from the fallout brought on by the greed and manipulation of Wall Street. Both are now unemployed, or able to find only part time work, were forced into selling their home for less than they paid, downsized their car by ten years and now have a young child.

Lured by the power of the internet they sought a way to break free of their situation and began looking for self employed business opportunities only to lose money again (twice) by getting into programs they didn't understand. They became victims of the new greed now sweeping the internet. Having said that, there are plenty of legitimate self employed business opportunities out there on the internet - you just have to find them.

Research is the key. With so many people looking to start a home based business or looking for a self employed business opportunity its essential people take the time to understand and learn what it is they are getting into. Research any opportunity thoroughly before committing any money. Use the Google keywords like 'scam' or 'review' with any business opportunity you research. Make sure you can answer 3 basic questions which most people should ask when looking at any self employed business opportunity:

• Can I do it? There are so many different opportunities out there you need to consider whether you need any special skills that you don't already have. Eg. Do you have to design your own webpages?
• Is it easy? Most new businesses will involve acquiring some new skills. Are those skills within your capability?
• What support will I get? No matter what new business you start most people will need support to show them the ropes. Make sure there is a solid and reliable support system or team in place to help you succeed.

The lure to making quick and easy money on the internet is growing as fast as the rising unemployment numbers. If you can't get positive answers to these basic questions then you need to move on.

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Article Tags: home based business, home based business opportunities, self employed business, self employment opportunities
Referred by: http://jaykubassek.com



Related Forum Posts
Young Entrepreneur - I'm fifteen and last year, when I was fourteen I owned a motor sports marketing company. So yes, I do feel last year I was a "Young CEO." This year I'm getting more involved in investing. I assume I am now a "young investor." And for everyone's reference, there are four types of people in this world: 1.)The Employed 2.) The Self Employed 3.) Business Owners 4.) Investors The difference between the self employed and business owners is that business owners can leave their company for one year and come back and find that it is more profitable than when he/she left. A self employed person is like a Doctor or Dentist.
You can see my Bank statement......... - Hi there, Today we are bombarded with 'Business Opportunities' by the multitude. I believe it is possible to earn a lot through the internet, but it is hard work. Nobody gets it very easy on a long term basis. [b][b]How much notice do people take[/b], [/b]when the Bank Statements are shown as means of 'how credible' their business idea is? Are they always totally true? They look authentic. The whole industry is growing rapidly. What is your experience? Is there any regulation in presenting the 'Bank Statement' or other statements from 'Click Bank' etc ? Kindest Regards Beat "Unlock People's Potentials!"
My entry - 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read - this is a fascinating book about the history of Business theory, and I'd recommend it to anybody. 2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto. 3. PADI: The Business of Diving Book Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Re: Buy An Established Affiliate Marketing Website - Hi David and GT, thanks for posting this here. My site is going for way below value and will be a great deal for someone. The links provided are a great resource for anyone looking to buy and sell websites. The Internet is all about information and you can know what you are getting before you buy. It's a little better than days past where it was "Buyer Beware". Steve
Re: Work At Home EStore (13775) - Maybe we need a folder where people who want to post this type of stuff can post it, rather than scattered throughout the forums... Something like Opportunities for Entrepreneurs... or something?


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