I saw it before I left the corporate world and continue to see the trend even now. Corporations have historically spent an average of 30-40% of their workforce budget just on benefits making employee related expenditure the highest in the budget. Everything from salaries to healthcare to vacation pay employees thus become a liability in tough economic times. That is why laying off the workforce is such a savings. Remember corporations have share holders to answer to. As much as we want to think of our companies as families or a home away from home, when push comes to shove …
Being an entrepreneur requires quite an investment. But in today’s Internet age, your greatest investment may be the time you put into it, not money. In fact, depending on your particular business venture, the monetary investment might be next to zero. But for any business, whether you operate out of your home or have a brick and mortar storefront, there are many free services that can get you up and going until you see a profit. Thanks to the Internet, your virtual office can operate as efficiently as if you have an entire staff.
Why are some businesses an overwhelming success while others never make it off the ground? What is it that differentiates the two?