Although there are glimmers of light with regards to the economic conditions that have caused financial hardship for so many, there still exists the need for most people to ‘make more money’ and find a way to do it while already holding down at least one full time job. Working in some existing corporate structure in the capacity of management, labor, or skilled trade, and balancing the demands of family, community, and life in general, the demand for earning more money is great but resources are few and far between when it comes to increasing one’s personal wealth. Let’s be honest, most individuals do not work a second, or third job, unless it depends on their survival, because the 24 hours in a day are packed with existing work and family demands, but far too many folks lie on the brink of losing their homes, deteriorating health, and emotional frustration due to the rising cost of living, and the decreased capability of their buying power, or plain cash in general.I submit that one of the best ways to add additional capital and income for anyone who is employed by any kind of corporate structure is to start and build a home based business. There are three key reasons why a home based business is more important than ever before and why you need to start one soon, or revive the one that is collecting dust:· Plan B: As long as you are employed by someone else, for all practical purposes you are employed as long as your services are deemed valuable; meaning you are helping to make money for the company or are perceived as adding value in some sort of way. The minute that you are ‘perceived’ as not contributing to the bottom line by whatever definition is given, you become expendable. This does not have to happen in a one off manner, but we have all heard about entire divisions, or even companies being terminated because they did not fit with the ‘strategic direction’ in which the company was moving. Regardless of loyalty, seniority, or even contribution, the economic conditions of this decade have been relentless in delivering pink slips to both knowing and unknowing individuals. Through May of 2012 there had been 6769 mass layoffs in the US (reported by the Bureau of Labor and Statistics). The definition of a mass layoff is when 50 people or more file unemployment due to efforts taken by an employer.On the flip side, sometimes peace of mind and your mental state are the driving forces to create separation from a toxic work environment. Keeping one’s sanity and emotional well-being intact may necessitate the separation from an employer. Passive or active separation is not the point; the point is that loss of income and in some cases benefits can be a gut wrenching experience that can only be made better by the replacement of lost income. Knowing that there is an alternative stream of income, like a home based business, that can be leveraged when a ‘traditional’ job goes away is the kind of peace of mind that truly is ‘priceless’.· Doing more with less is not sustainable: The days of surplus and bigger is better are over for many. Although we are forced in our corporate work environments to ‘do more with less’ translating that to home makes for additional stress and a feeling like we live to work, instead of living to do the kind of work we want. Inflation has decreased somewhat over the last year, but anyone who has gone grocery shopping, car shopping, or just to the movies can tell you that everything costs more money. Educational costs are up, medical costs are up, and it just seems as though it takes more money to do everything in life. Because employers can and have held salaries flat and in some cases decreased wages, the need for additional sources of revenue are great in order to make ends meet. Time is our greatest resource. It cannot be controlled, at least not today and the decisions that we make with the time that we have, has a direct correlation to our quality of life. Home based businesses give individuals the greatest degree of flexibility when it comes to earning additional revenue because of the flexibility to work the business around existing work and family demands. There is no sign of relief or regression when it comes to the cost of living; therefore increasing the household capacity for revenue is a responsibility that everyone must make. Managing the cost side of the equation is just as important, but you can only cut but so much. Unfortunately, even the best managed 401K, IRA, pension, savings program, investments, and Social Security (if it is around) may not be enough in and of itself to sustain you in old age (especially if a major illness occurs). A home based business can provide the necessary income, and in many cases a residual income that can mean the difference between living the good life in retirement and having to work the rest of your life.· The tax benefits cannot be ignored: It has been said that keeping more of the money that you make in your pocket is one of the most important keys to achieving financial success. To that end, far too many people do not take advantage of the tax benefits that a home based business can afford, thereby saving thousands of dollars each year on their tax bills. Deductions such as writing off mileage expense, writing off the cost of maintaining a home office, employing one’s children and/or spouse, buying new equipment, and setting up a self-employed retirement fund, just to name a few, are all potential money saving exemptions that a home based business could afford you come tax time. Major corporations spend millions, even billions of dollars each year retaining the best tax talent and resources to preserve as much of their earnings as possible, why not you? If done right with the proper advice and counsel, perfectly legal means can be taken each year to keep more of your hard earned money in your pocket. Mobile software used on your smart phone can make the process of tracking tax deductions very easy and efficient, not to mention making the tax filing experience a lot less painful. Taxes are inevitable, but leveraging a home based business can preserve your wealth and create a legitimate way to aid your financial freedom.Ultimately, having a corporate gig and a home based business is the best of both worlds, or at least until your home based business becomes successful enough that you can do it full time. You do have to be smart though with regards to drawing the line between your corporate work and your home based business. While on the clock and utilizing corporate assets, refrain from conducting work for your home based business and vice versa. There are way too many tools and resources to stay productive with your home based business during your corporate work hours to jeopardize a corporate gig and benefits by doing something stupid. Auto responders, virtual assistants, hands free devices leveraged during commute times, can give your home based business the look and feel of being full-time when you are not. The key to burning the candle at both ends is to give yourself options so that you can make decisions on your own time frame when you want. Empower yourself today with a home based business so that you can have financial freedom tomorrow to live the life you want and deserve.

One of the biggest challenges for any MLM home-based business has nothing to do with selling products. The chief hurdle that any MLM home-based business generally faces involves building a successful down line. Just how will you find the entrepreneurs who are interested in becoming a part of your MLM home-based business team?Prior to you rushing & begin trying to produce leads for your MLM home-based business, you require a plan. It is not sufficient to tell people on surface value what is your MLM home based business and the company’s products and expect them to sign and join you. You have to know whatever you can about your MLM distribution business, products, and compensation plan in order for you to answer any of the questions that your MLM prospects might have.The more you know and more comfortable you are with your presentation, the easier it is to ignite people eagerness to become a part of your MLM home based business. Not understanding the needs to all their doubts and giving ambiguous answers is likely to cause your MLM prospects to mistrust you and your MLM home based business. Make sure you have a follow up plan after you have generated your leads & start making follow up contacts with them as study has shown that it takes up to seven contacts before people take an action of any type, no matter whether they are buying your product or else signing up for your MLM home based business opportunity.When you know your MLM home based business inside and out, you are ready to begin generating MLM leads. One of the first places to shortlist is from your networks of friends and personal acquaintances. Make a list of everybody you know.You will likely be surprised by how long this list is, and people you know are good place to begin looking for like minded individuals who are keen to start a business for themselves. Many times, even though your friends and acquaintances may not be interested in your MLM home based business themselves, they may refer you and provide you the names of people whom they know may be interested in your MLM home based business opportunity.If they do not refer anybody involuntarily, simply ask them politely for any referrals whom they can think of. You will never know who are may be interested in your MLM home based business you own and you will not know unless you ask.

The niche you have chosen should allow creation of more than one product or service. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts, to complete turnkey solutions; there is no need to worry about spending time on the real products sold to the customer. The main ones are keyword selection, sales copy principles, graphics, affiliate programs, product creation, online payment processing, auto responders, and search engine optimization.

Once you’ve earned money from this type of information product business, you can invest in the creation of your own products if you want, or start offering more informational products that allow you to sell your knowledge. But the creation and production costs of a similar big ticket in sequence product, although higher, are still pretty low. A key by-product of this process will be the creation of 3-D, Computer Assisted Design art.

The Association for Financial Professionals permits the following activities for repatriating funds: Research and Development activities, advertising and marketing programs, hiring and training new recruits, acquiring patent and other rights to intangible property, improving transportation, funding capital investments with the purpose of job creation and job retention & funding product responsibility or environmental claims.

It prohibits certain activities like: Tax payments, Payment of executive recompense, Payment of dividends, Redemption of stocks, Debt investments and Portfolio investments. Therefore, before repatriating the money, you must consider whether it is worth or not.

Checklist on what artist and product development necessitate includes: Exceptional vocals, musicianship and/or songwriting skills, Continued education and enhancement of musical skills, Quality equipment, Performance ability, Image creation and maintenance, Plan of action, goal setting, excellent promotion materials including photographs, press releases and artwork, Business management skills, Marketing, Publicity and Promotion knowledge, Online and Offline Professional management, Basic knowledge of recording, producing, engineering, and mastering, Basic knowledge of manufacturing, distribution, and sales online, brick and mortar and air-play, Good choices in members, staff and advisors, Physical and mental preparedness, Basic knowledge of finances, accounting Law and legal issues etc.

The goals for doing so are for the product owner to: Communicate the whole, Determine and communicate when releases are needed, Determine what functionality is sufficient for each release & focus on business value derived from the releases. The delivery team on the other hand will see the whole, learn about the steps to realize the vision, learn the business priorities, provide technical input to the roadmap and provide estimates for the projected features. The salesperson must lead the prospect through the various decision criteria needed in order to secure a sale. Whether your idea is the development of a product, launch of a service business, or even the creation of an event or program for a non-profit, creativity is the root of all entrepreneurial efforts starting with the vision itself.

People quickly learn to spend their time on marketing and product creation, rather than repetitive tasks. Apart from empowering companies and individuals, there should be a particular focus on identifying labor intensive businesses that have the potential to make a significant and positive impact on employment creation as well as those businesses that have a product or service offering for export markets with the final objective of booming local economies.