It used to be that getting an education and a good job was the norm. Well, the prevailing mentality that leads the workforce to find a standard 9-to-5 job is swinging more in favor of starting your own business. Worries over job security, not getting a regular paycheck and the rate of failure of small businesses among other concerns have traditionally squashed many entrepreneurial dreams. But should they?
Perception is very different from reality nowadays. Did you know that according census.gov, “About three quarters of all U.S. business firms have no payroll and are self-employed”?
Also, the actual failure rate of new small businesses has been blown significantly out of proportion. The adage that “nine out of 10 small businesses fail in their first year” is widely used but hasn’t actually been backed up in any studies. In fact, recent studies show that over 50% of new businesses are still running after five years.
The Small Business Administration, in its informative “Frequently Asked Questions On Small Businesses” provides this answer on the survival rate of new businesses:
“About half of all new establishments survive five years or more and about one-third survive 10 years or more. As one would expect, the probability of survival increases with a firm’s age. Survival rates have changed little over time.”
And that number gets even higher when you look into the home-based business industry where about 70% of businesses started are still around after three years! These numbers are padded thanks to the direct sales industry, which offers anyone the chance to be an entrepreneur without any prior experience or training. This is a 5-Star business opportunity if there ever was one!
With the economy being what it is today, layoffs are commonplace across all industries. Almost everyone knows someone that has been laid off at no fault of their own or is that person themselves! No matter how good you are at your job or how good of a standing you are in with your current employer, things can change almost immediately even in the best of economies.
A home-based business in the direct sales industry takes much of the risk out of entrepreneurship.
Small business owners in direct sales are selling an already established product and brand without having to deal with the costs of development, packaging, stocking, legal compliances, updates, insurance, human resources or countless other overhead expenses. Home-based businesses in the Direct Sales industry can focus on marketing and customer service behind a proven and successful business model, while reaping the rewards of what they sell!
And best of all, you’ll never be fired from a position in direct sales. If you put in the work and carve out your niche, your chances of success will skyrocket over the statistics shared in this article; and circumstances outside of your control won’t cost you’re your job or the opportunity to support yourself and your family.
There is no replacement for hard work, and your efforts should be directly attributed to your own long-term success.
Contact Us Today for a free home-based business consultation!