8 Home Based Business Options to Consider in 2016
There are a lot of talk about people starting their own home based business. The important thing for you to consider when getting started is finding a business that fits your interest, skills and background. You must think about what would survive in this economy and if you do not have a lot of capital, what can be started with a low cost.
Here are businesses that you can explore at home:
1. Personal Trainer
Due to the baby boomer population, many of them are investing in their health and their concern for childhood obesity is growing. This can be a great time to look into expanding the field. You can be a personal trainer who visits clients at home and work with numerous fitness centers contractually.
2. Yoga Instructor
Many people like to do yoga because the aging population or seniors want to be healthy but still get a low impact workout. As many as 14 million Americans in the year 2008 have joined yoga classes because a therapist or a doctor recommended it to them.
3. Tutoring
Those ultracompetitive parents want their children to get ahead in their studies at a young age. They want their off springs to go to the best colleges. You can start tutoring at home, child care organizations or at schools. Talk to school principals and local school district officials to determine what children needs.
4. Network Marketing
Network marketing, or MLM as it is often referred to, has been a viable way to earn money from home for many decades. Essentially, this form of home business is where you partner with one of the many existing network marketing companies operating in Australia and plug into their marketing systems to distribute products and recruit others to do the same.
5. Business Coaching
In the current situation of the economy, businesses need to be coached. If you are going to enter in this industry, you need to be empowering and help managers and business owners, improve their output sales through implementing personal change in their lives. Successful business coaches have a lot of good experience with their specialized expertise.
6. Consulting
Business consultants in the market identify problems, analyze businesses and implement solution. To rise up from the competition, you need to be an expert problem solver. It can be in the niche of inventory management, IT or human resources. Many consultants have real world experience as well as master degrees.
7. Medical Transcription
Medical transcriptionists are always needed because they do an important function. To start this business, you only need a printer, medical dictionary, audio playback software, foot pedal, printer, headphones and computer.
8. Legal Transcription
You will need the equipment that a medical transcriptionist needs. Just make sure to get legal dictionary instead of the medical ones. You can work in the comfort of your home transcribing depositions, court hearings, interrogations, interviews and more.
There are many work at home businesses that you can participate in. You just need to look into each one to check if it is the right move for you.
Seven Reasons The MLM Industry Makes Sense
MLM, or network marketing has been around for decades and the industry is still thriving today. Perhaps it is due to the ongoing struggles of most families that are living paycheck to paycheck or maybe it’s the lure of a better lifestyle. Whatever the reason, getting involved in MLM makes a great deal of sense. Let’s take a look at some of the key reasons.
It gives you real financial freedom
In short, you can be able to earn lots of cash sans you needing to be there. With a business, you have multitude of customers which are creating the income. In other words, you could go on a holiday for a month and still be generating more income when you return than when you left.
You Create Your Fortune, Not Other People’s
By working as an employee, you are spending your 8 hours a day creating someone else’s asset or wealth. You are simply earning a living, but the owner is building his wealth. Think about it: you are not merely making far less cash, but also paying double as much in taxes.
The 9-5 Job Is Done!
In a 9-5 job, there’s only one winner and that’s your boss. The reason you just receive minimal pay raises is because it comes straight out of your boss’s pocket. In a MLM business, the more income you create, the more income your business partners also create. It’s a true win/win
Choose: Retire Rich or Retire Poor
We now experience a considerable problem where there is not sufficient money to pay for retirements of everyone. Not to mention that the state pension is just a measly, there are multitudes of people retiring on just half of the minimum wage needing another income to support themselves
Do you Want to be Recognized and Appreciated?
How would you like to work for a business wherein your efforts get regular recognition and also appreciation? You could now be a part of a strong community of individuals who want you to succeed as it benefits all. Note that this is rare to find in a job.
Do You Still Want to Work for The Next Half a Century?
You could then either land a job, earn a living and retire in 50 years on the equivalent of only a minimum wage, or you could build your business and have the chance to retire after only 3 to 5 years. Those who realize this, would be the ones that would benefit massive financial freedom.
Would You Like to Acquire an Income which Builds Itself?
When you arrive at a certain point in an MLM business and you got your own team in place, your business then starts to build itself. You can’t do this with a job. This is how you could go then away on holiday and still be creating more money when you return than when you left—this is what leveraging is all about.
Interested to get started?
You can find out more about the MLM industry and the best companies to partner with in Australia at the Network Marketing Watch website.
Kenny Research Institute
This is Kenzo (but his friends called him Kenny) our faithful, humorous and highly intelligent Akita. He came to us as an 8 week old pup and settled in as though he was always meant to be part of the family.
Last month and with heavy hearts we had to let him go after spending 10 years and 8 months with us. It was devastating to say the least.
My previous career path required long hours, dedication and focus that meant spending less time with Kenny than I liked. It was not possible to have him at work with me as doggie crèches are not known to exist within my employer’s workplace.
It pretty well sucked as this was not an ideal arrangement if an organization wants the best out of their people.
I then thought about so many of my female colleagues, married with young children who are also pursuing a career in science. So many women in the workforce especially in science are faced with the stark choices of having to return to work soon after having their children in order to salvage their careers in what is a highly competitive industry.
Not withstanding the fact that in science the term “job security” is an oxymoron, there are still many women who are passionate about what they do and are willing to stick their necks out.
The predicament I faced has led me to my vision of building the Kenny Research Institute aimed specifically at supporting women in science. In doing so, Australia will not lose a highly educated and talented workforce that is vital to staying prosperous and relevant as a nation. (Take that onboard, politicians of ALL persuasions when you are considering cutting the budget to science and education).
In any endeavor there are good reasons and then there are the real (“selfish”) reasons. Do not for a moment think I am driven only by lofty, altruistic and philanthropic ambitions; in part I am also doing for my personal satisfaction.
The 7 foundation pillars of the Kenny Research Institute
- Bright and talented postdoctoral fellows will have a guaranteed 5 year salary (virtually unheard of) and a research assistant to pursue their particular specialized research niche. It allows them time to develop their area of expertise instead of chasing short term grants. That is counter productive as it takes their time and energy away from the main game
- Each postdoc will be matched with a mentor. The mentor is there to help them navigate through the politics that exist within any industry and temper any naivety about how the real world works
- Participation in personal development courses is compulsory; this includes being taught emotional intelligence enhancement skills. Gee, I wish I was taught that at school, how about you?
- Attendance in financial literacy courses is mandatory. Financial literacy equals financial freedom
- The Kenny Research Institute will be equipped with a human crèche, infirmary and a pet crèche. Happy mothers who can have regular contact with their human or fur kids are more likely to be focused and productive
- A 24 hour gym on site to cater to the irregular hours worked Notice the emphasis on health and wellness?
- A 24 hour cafeteria onsite that serves healthy meals. Junk food and soft drinks will not be available from the vending machines. If they want to eat crap they have to go elsewhere to forage for it. Good luck!
This is my promise to you Kenzo; RIP 25 June 2003- 24 February 2014
Want A Better Return On Your Money? Use Women Managed Hedge Funds
It’s a dismal fact that women retire with smaller amounts of superannuation than their male counterparts.
Interruptions to their career path usually as a result of taking time out to raise a family further disadvantages a woman who wants to maintain a prosperous lifestyle at retirement.
The reality is that every man or woman is responsible for his/her financial future. Nobody care more about increasing your wealth than you do.
There are hordes of financial advisers out there who do not offer independent financial advice simply because their businesses have been bought out by the major banks and they are obliged to only offer products available through the banks.
It really sucks doesn’t it?
However there is hope; the article below (originally from The New York Times) describes that you’d get a better return on your money when it is managed by a woman.
In the world of hedge funds, a relative few have a woman at the helm. And yet, these funds may be the standouts from the bunch, a new report argues. In the years since the financial crisis, hedge funds managed by women performed better than a broader index that reflects the performance of the industry, according to a report released on Wednesday by the professional services firm Rothstein Kass. The report seeks to show that this “alpha” – superior returns, in Wall Street speak – is no mere fluke. “There is meaningful alpha to be gained from investing in women-owned and -managed funds,” Meredith Jones, a director at Rothstein Kass who wrote the report, said in an interview. “There appear to be both behavioral and biological factors that impact women’s ability to manage money and make them consistent.” From the beginning of 2007 through June 2013 – a period that includes the dark days of the crisis – a Rothstein Kass index of women-run hedge funds returned 6 per cent, the report says. By comparison, the HFRX Global Hedge Fund Index, released by Hedge Fund Research, fell 1.1 per cent during that time, according to the report. Last year through November, the index of women-run funds had a 9.8 per cent return, compared with a 6.13 per cent rise in the broader index, the research showed. (Still, both indexes fell short of the Standard & Poor’s 500-stock index, which rose about 27 per cent during that time.) The report, titled “Women in Alternative Investments: A Marathon, Not a Sprint,” used a group of 82 hedge funds managed or owned by women. Last year, the firm said that female hedge fund managers produced a return of 8.95 per cent through the third quarter of 2012, compared with a 2.69 per cent net return for the broader index. While highlighting the accomplishments of women in hedge funds, private equity and venture capital, this year’s report also draws attention to persistent gender disparities on Wall Street. The research, based on a survey in September and October of 440 senior women in the alternative investments business, suggests that the vast majority of the top jobs are held by men. Of the women surveyed, only 15.5 per cent said their firm was owned or managed by a woman. Among hedge funds in particular, 21.4 per cent were owned or managed by women. About 42 per cent of the respondents said their firm had no general partners who were women. And nearly 40 per cent of the firms included in the survey had no women on their investment committees. In that context, hedge funds run by women remain something of a niche. Some institutional investors, like public pension funds, have a specific mandate to invest a portion of their money in funds run by women or minorities. Though these mandates can be motivated by political factors, Rothstein Kass is seeking to show that investing with women managers can be a wise choice for purely financial reasons. A handful of studies have suggested that women traders behave differently than their male counterparts, acting less impulsively. John Coates, a former trader who is now a research fellow in neuroscience at the University of Cambridge, argued in a 2012 book, “The Hour Between Dog and Wolf,” that testosterone contributed to market swings. Hiring more women on trading floors, he wrote, might have a stabilizing effect. But these ideas are far from mainstream, and the industry has been slow to change. A fourth of investors surveyed by Rothstein Kass said they expected their allocations to women-run funds to increase “somewhat” in 2014, while 2 per cent expected to allocate “significantly” more money. Though the study expected more women to start their own funds in the coming years, the scarcity of such funds is itself an obstacle, a “chicken or the egg” problem, said Kelly Easterling, an audit principal at Rothstein Kass who contributed to the report. “Without a large supply of funds, it’s difficult to achieve appropriate portfolio diversification or, for that matter, put enough money to work to move the performance dial,” she said in a statement quoted in the report. “On the other hand, until there is more money flowing to women-owned and -managed funds, it’s unlikely that there will be a stampede of new fund launches.”
Adelaide Gourmet Coffee: It’s Organo Gold!!
As a career transition coach, I specialize in getting my client out of the rat race and into doing what they were meant to do on this Earth when they step into the light and discover their authentic selves (if they haven’t already).
http://adelaidegourmetcoffee.com.myorganogold.com/
Usually this requires that they leave their current job when they come to realize it is not where their enthusiasm, passion and innate skills and talents are honoured.
It is only by nurturing their God given skills and talents that they truly begin to expand the vision of their future. Every human being has incorporated into their DNA the drive and the desire for self expression.
The fullest expression of their identity and individuality is at the core of their soul.
So here is where it gets painful and poignant; being given a glimpse of the potential magnificence of their authentic destiny and then looking at their current financial obligations that chain them to their job.
Their current reality is one of meeting their mortgage, kids’ school fees and paying off debt acquired on entering the workforce.
It is soul destroying when we feel our highest calling and vision remain unfulfilled because we do not have the financial freedom to resign from our jobs.
I’d wager that for many people who feel that they are denied the opportunity for self expression resorting to addictive behaviours of the “olics”; the alcoholic, shopperholic, workerholic, chochoholic (!) but to name a few temporarily reduces the pain…but I digress.
When quitting their job on the spot is not an option, my clients and I work on a plan to replace one day’s worth of their wage with another source of income by working part time after hours on one of the many lucrative home based businesses available. The ultimate aim is that over a pre determined length of time, their
One such is vehicle for financial freedom is the Organo Gold Gourmet Coffee business. Yes, it’s nothing fancy, it’s coffee. A potential billion dollar market exists as my clients know of at least one coffee drinker for each ten of their family, friends or acquaintances.
I openly declare I am a distributor for Organo Gold not only because I am a coffee drinker but that the stats and trends don’t lie.
http://adelaidegourmetcoffee.com.myorganogold.com/
To be able to encourage my clients to buy into a global business with a very modest outlay is the only way I know to demonstrate that this strategy for financial freedom works.
Enjoy!
Career Breaks For Women Have Benefits Despite The Challenges-Smart Company
As women juggling careers and family, there is always the nagging feeling that taking extended time out to raise children is seen as a clunker of a road block to any meaningful advancement.
Well it appears that this is not as detrimental as we all have been lead to believe. The Smart Company article below reports that there are upsides; however be realistic and philosophical enough to know that it requires time to get back into the groove.
“Australian business women have revealed that an extended break from work does not always have a negative impact on their future career.
A survey of 115 state and territory finalists of the 2013 Telstra Business Women’s Awards found that over half, 55%, said that taking time out could be positive. They reported that it enables time to reassess life goals and career goals, while 87% agreed that taking parental leave could be a catalyst for launching their own business.
The survey found that 36% said a career break lead them to try something different to their usual profession. These career breaks may be taken for maternity leave, study leave, extended travel or other personal reasons. However, despite some of the positive potential of career breaks, the survey found that old issues remain prevalent.
It found 89% of respondents say women face challenges when returning to work after a career break. Forty per cent of women find it difficult to return to the workforce at the same level as they were at before the break, while 33% believed career break impacts negatively on wealth creation.
Manager of marine environment salvage and intervention at the Australian Maritime Safety Authority, and the 2012 ACT Telstra Young Business Women’s Award winner Jocelyn Parsons once took a career break after eight years in the Navy.
She told SmartCompany this morning it was the first time she’d had the chance to step outside of the Navy environment and explore new things. She spent two years in the UK with her spouse.
“It was a positive for me, I had joined the Navy at 17 years old, and wanted to look for experience elsewhere,” she says.
While it proved a positive opportunity for Parsons, she is aware that many businesses still view letting someone take leave for personal growth, whether it be male or female, as a risk.
“Most employers will see it as a loss… they’ve got to make a business decision to take the hit,” she says.
However, Parsons says if employers and employees can work collaboratively, it can be a huge benefit to the company when the employee returns, armed with new skills and life experience.
She says both females and males find it challenging returning to work after a break, as the company may have progressed and it takes effort to get up to date.
“It requires support and respect… but businesses should recognise the positives,” she says.
For business owners, the challenge of taking a career break of their own can be more about how to keep operations running smoothly when they are not there.
The managing director of Carman’s Fine Foods, Carolyn Creswell, who won the 2012 Telstra Australian Business Woman of the Year award, doesn’t think women should avoid a necessary career break if well planned. She said if female business owners leave behind a good team, a break can happen smoothly.
“It’s amazing how dispensable you are,” she said. “When you have great people at work, the business just keeps going.”
The survey was undertaken in the lead-up to the national finals of the Telstra Business Women’s Awards in Melbourne on November 14.
The findings come as a group of executive search firms have announced their commitment to a voluntary code of practice to improve women’s participation in business.
The voluntary code has seven key principals of best practice to assist in improving gender balance in senior teams. It covers the lifecycle of an executive search campaign, including assisting clients with diversity protocols, to identifying female candidates, and induction.
The businesses committed to the code include Egon Zehnder, Heidrick & Struggles, Korn/Ferry, Russell Reynolds and Spencer Stuart.
The code falls in line with Business Council of Australia’s push to improve the recruitment and promotional opportunities for women in senior roles.
Beverly Flaxington: Self talk for a calmer you-Learn how to use positive self talk to control anxiety and live a happier more relaxed life
Let’s be honest about it, we all experience feelings of anxiety from time to time. It may be for a couple of seconds during the day or it may weigh heavily on our minds and souls imprisoning us in an invisible cage that sucks the joy out of our lives. Suffice to say it comes with the territory i.e., it’s a given that as long as we have a pulse, we are not immune to the odd stab of those feelings.
In an ideal world we would recognize what we are feeling and take the proactive steps of surrounding ourselves with supportive friends and have time to exercise, eat well etc. to counterbalance the pesky feelings of anxiety.
However, there are times when we feel that we are drowning under this massive wave of helplessness that undermines all that we consider as positives in our lives.
Beverly Flaxington Interview Part1 1 Oct 2013
Beverly Flaxington Interview Part 2 1 Oct 2013
Overwhelming anxiety can kill careers, relationships and businesses; chronic anxiety is debilitating. But it does not have to be this way as Beverly Flaxington author of “Self talk for a calmer you-Learn how to use positive self talk to control anxiety and live a happier more relaxed life” explains. Beverly states that “Anxiety can take control of your mind and body — if you let it. You have the power to turn negative situations into positive ones with your self”.
Beverly who is an award winning author and Certified Professional Behavioral Analyst (CPBA), hypnotherapist, and career and business adviser discusses strategies to tame that anxiety and has shared her powerful action steps here.
Business 2 Business = Human 2 Human
I am always bemused by the phrase B2B (business to business) that I see peppered across companies’ websites and associated promotional material. I assume the message that a company wishes to convey is that there is some form of exchange of goods and/or services for payment between them and some other company.
Instead what I’d like for you to consider is that a company does not do business with another company per se. These corporate entities are in fact staffed by humans sometimes consisting of a small handful and other times running into the thousands of employees.
At the most basic and fundamental level, the delivery of said goods and services may only occur when both parties agree upon the value of the exchange. However, to make this a regular event (ie repeat business = recurring income/cashflow/profits) the emotionally intelligent business owner will make exemplary customer service a priority.
If this is a given, why is it that as a business expands the process becomes increasingly depersonalized? Perhaps in the rarified atmosphere of upper management habitats the high altitude causes them to ignore the golden rule of customer service.
To illustrate:
My local supermarket belongs to a chain that makes up one half of the duopoly in Australia. Also within my local area is a newly opened shop (Red Cacao http://www.redcacao.com.au) whose owners have a vision of their customers not just enjoying a coffee with their hand made chocolates but be taken on a rather pleasant excursion into appreciating how the country of origin influences the taste, aroma and texture of the coffee and cocoa beans.
I buy my groceries from the supermarket for the sake of convenience; the level of interest and commitment seems to oscillate between indifferent and somewhat enthused depending on the day I shop.
I go to Red Cacao for a great coffee and chocolate experience.
As for practicing the golden rule, it came in the form of Red Cacao’s owners trusting me to return their glassware when I purchased their scrumptious tiramisu to take home rather than consume on the premises.
In contrast, I don’t think I would be able to borrow the supermarket trolley for a couple of days to cart my groceries home!
Hooray for the SME’s who are giving it a red hot go in one of the most competitive industries in Australia. Well done!
Kirsty Greenshields: Women, Money and Intimacy
Kirsty Greenshields background can only be described as eclectic and all encompassing; she started her career as an Army Intelligence officer, before her own health challenges saw Kirsty become a healer, master NLP practitioner, success coach and author of Women, Money and Intimacy. 
Kirsty addresses the age old conundrum faced by every woman who juggles a career and family; the sometimes guilt laden question she asks of whether there is enough of her to go around to meet the needs of her family and simultaneously satisfy her own ambitions.
Her book is a poignant account of personal discovery, of becoming comfortable with receiving love and money. It is one of finding inner strength by allowing herself to trust and being open and comfortable in her own skin.
And here’s the good bit-Kirsty has also included in Women, Money and Intimacy a powerful series of life changing questions the reader can ask of themselves in order to “lose the emotional baggage” around subconsciously playing small, of feeling like she has to apologize for becoming wealthy.
Rather than forever staying in the background Kirsty discovered the courage to step into the limelight and in a state of gratitude and grace claim her magnificence. She exemplifies what she teaches and that is to live the life you came into this earth to express and lead. Find Kirsty at www.womenmoneyandintimacy.com
Listen to the full interview here:
Kirsty Greenshields Part1 6Aug2013
Kirsty Greenshields Part2 6Aug2013
To order a copy of her book, click on the link below:
http://womenmoneyandintimacy.com/your-money-and-your-mindset-offer
100 Women of Influence Award
It’s about time that women stepped forward from the shadows and claim the credit due for their innovation, creativity, money smarts. That’s just for starters.
Corporate support (Westpac Bank and Australian Financial Review http://www.westpac.com.au/about-westpac/media-releases/media-releases/2013/5-july) has made it possible for us to recognize the contributions women make to the lives of people around them.
If you know of someone who should be publicly acknowledged please nominate them.
Full article below:
Recognising female leaders across Australia
Nominations are now open for The Australian Financial Review and Westpac’s 100 Women of Influence awards. In its second year, the awards are dedicated to recognising and celebrating female leaders across Australia.
Westpac Group Chief Executive Officer, Gail Kelly and Financial Review Group Chief Executive Officer and Publisher, Brett Clegg were joined by female nominees from last year’s program to officially launch the 2013 awards at an event in Sydney this morning. The launch marked the call for nationwide nominations to unearth Australia’s inspiring women across a range of industries who work tirelessly to help shape a vibrant and inclusive future for all Australians.
At the launch of the awards, Mrs Kelly said, “Westpac is proud to continue its support of the 100 Women of Influence awards. It’s an important way to acknowledge the significant contribution that women are making to achieve change in their local communities, businesses and society more generally.
“Westpac has a long and proud history of making a positive difference for women as part of our aspiration to be one of the world’s great companies for diversity and flexibility. These awards are a wonderful opportunity to celebrate the success and achievements of women across Australia and we look forward to starting the search again this year.”
Financial Review Group CEO and Publisher, Brett Clegg said, “Being involved at the inception of this initiative has been a great source of pride personally and for the Financial Review. This is an incredibly impactful and powerful awards program and there’s no better partner from our perspective than Gail and the Westpac team.
“Westpac and AFR want to acknowledge and take pride in powerful female leaders across all aspects of our society.”
The 100 Women of Influence awards are open for the general public to nominate outstanding and influential women across corporate, community, arts, philanthropy, public and not-for-profit sectors, as an opportunity to celebrate the skills of women in this country who achieve outstanding results in their fields.
Nominations are open across ten categories including: Board / Management, Public Policy, Young Leader, Social Enterprise and Not-for-profit, Philanthropy, Global Influence, Innovation, Local / Regional Community, Diversity and Business Entrepreneur.
Entries will be assessed by a panel of esteemed judges, which will be announced in the coming weeks.
The overall 2012 Woman of Influence winner, Social Enterprise winner and CEO of Foundation for Young Australians Jan Owen, said “Winning the awards really put my business in the spotlight, and the past year has been one of significant growth and learning.
“Women tend to generally be very humble and not see the importance of the work they are doing, and that is part of what makes these awards so powerful. I encourage you to nominate the women you see as role models so they can see the positive impact their work is having locally, nationally and internationally.”
Nominations to the 2013 100 Women of Influence awards are open this Monday 8th July and close on Sunday, 18th August. Entries can be submitted online at www.afr.com/100women.
The program culminates in an awards presentation event where winners will be announced from the 100 finalists, in Sydney on Thursday, 17 October 2013.
For further information please visit: www.afr.com/100women
Notes to Editors
100 Women of Influence Awards Categories:
- Board/Management
- Public Policy
- Diversity
- Business Entrepreneur
- Young Leader
- Global
- Local/Regional
- Innovation
- Philanthropy
- Social Enterprise and Not-for-profit
Entry and Judging Criteria
Candidates will be judged on their demonstrated vision, leadership, innovation and action in and beyond their field; their impact and how it was achieved.
The judging panel will give consideration to:
- Personal, academic, professional and community achievements.
- Demonstrated performance in their field.
- Demonstration of collaboration within and beyond their field, and a wider circle of influence than their direct role.
- How their influence has contributed to women’s social and economic advancement.
- Involvement and contribution to Australian communities through collaboration and mentoring.
- Extent to which their contribution was achieved in new and creative ways.
Key Dates and how to enter
- Entries open – Monday 8 July 2013
- Entries close – Sunday 18 August 2013
- Finalists announced in The Australian Financial Review on Thursday 17 October 2013
- Entry forms can be downloaded at www.afr.com/100women
- Completed entries can be uploaded online at www.afr.com./100women
- For more information about the 2013 100 Women of Influence Awards, please visit www.afr.com/100women
- Winners announced – Thursday 17 October 2013 at a gala event in Sydney.