Sunday, November 18, 2007

Why You Need a Home Based Business

Why you need a home based business is becoming more obvious.

The American economy is heading for recession with rising fuel prices, job losses and imports as large companies seek cheaper sources of productions and services.

David Ogden of TheInterBiz announces today that his new site Sohomatic is now online to provide solutions to combat the falling lifestyles brought on by outside influences.

Middle class Americans and the baby boomers are going to have to tighten their belts for the foreseeable future to survive or take action themselves by starting a home based business

What is happening in America today is likely to spread around the world, the rich as usual will not be effected but its the middle classes will see their living standards fall.

Third world countries might seem to be the short term winners with more jobs and better pay but eventually they will want more and better conditions themselves so starting yet more price increases.

You may ask yourself why the rich are not effected, the main reason being they get rich from owning businesses and making use of the tax breaks with the use of skilled accountants who are themselves tax deductible.

"USA Today" ran a survey called "How do the Wealthy Get that Way?". Guess what the most popular answer was? The number one way people thought they could become wealthy was to win the lottery? The Second way was to inherit it. Hard work didn't was not even mentioned! And therein lies the problem! When someone work for some one else you will never get rich but it they work hard for themself and take control you they are rewarded with the lifestyle they seek.

There is nothing to stop anyone from following a similar strategy on a smaller scale, by starting a home based business.

Combating layoff and downsizing requires people to think seriously about improving their Cash flow. For example many people have items that they no longer use or they have outgrown. These can be sold to produce cash which can them be used to start up a small home based business. Sohomatic News is designed to help people with tips and suggestions to rebuild for themselves the lifestyle they are beginning to see slip through their fingers.

For further Information
David Ogden
TheInterBiz
201 793 8702
david_ogden@sohomatic.com