Be Your Own CEO Online

2009-03-26T15:56:00.002-06:00

Jobs in Corporate America require trading your time for money. As your income climbs, so does your time commitment, taking you away from what is truly important to you and your family. Most people grudgingly work at a job they hate and become victims of the idea they must trade their time for money.

Consider why the Time for Money equation can be restricting:

It's a never-ending cycle. When we first start working, our needs are simple. We might share a small apartment with a roommate and have an inexpensive car. We can survive on a small salary. As we get older, we might desire to get married, buy a house, have children, and eventually retire. All those goals require larger and larger amounts of money. In addition, we must keep up with the cost of living. The need for more and more money forces us into the work-eat-sleep cycle. This leaves little precious time for our personal pursuits.

Your goals and dreams are not your own. Everyone has different goals and dreams. Maybe you want to stay home to raise a family, travel the world for six months, retire early, or just want the flexibility of being able to be at every one of your child’s soccer games. When you work for someone else and trade time for money, you are at their mercy. They tell you when to be at work, how many hours your must work, and when you can have time off.

When you stop trading time for money, you can work on your own goals and achieve your dreams.

It's risky. It's astounding to find that most people trade time for money with the false belief that their job is safe. With the global economy at play, you'll see a pink slip someday. No matter how savvy you are, how much better you are at your job than your coworkers, somewhere in the world, someone will bid for the work that you do for less. There is no insurance for your job.

Your income relies on you. You can be a powerful lawyer, doctor or an actor but your income grows linearly with the amount of sweat you trade for it. If you ever get disabled, chances are that your income will be disabled as well.

How to Break the Time-for-Money Cycle

When you work for yourself, you get to determine when you will work, how hard you will work, and how much you will make. You become the controller of your destiny rather than being controlled by the goals of others. You'll experience energy and passion that you've never felt before.

What’s the easiest way to work for yourself? Start your own home business. The right home business will allow you to work with others to capitalize your efforts with theirs and create an income that flows regardless of whether you show up today or not.

That’s not to say that you don’t have to work hard when your own a business. You work hard in the beginning, but then you work smart. Your dreams and aspirations are your own.

So what is your move? Are you content working for someone else?

Create Your Own Economy

2009-03-16T11:40:00.001-06:00

Many of us have never thought about it, but we contribute to many economies.

• We participate in the world economy when we purchase foreign goods.
• We participate in the US Economy when we work and pay taxes or purchase goods from other states.
• We participate in the local economy when we go to our local hairdresser, accountant, or attorney
• We participate in our personal economy when we save and invest.

For the most part, we play a role in the larger economies, but don’t have much control over them. However, we have 100% control over our personal economy. We can control how much we earn, how much we spend, how much we save, how much our mortgage will be based on the kind of house we buy, etc.

Understanding that we have a personal economy that we can control is especially important in these times when it feels like the US economy is so out of control. While many people around us are losing their jobs, homes, and retirement savings, it can be comforting to know that we have the opportunity to create a recession-proof economy for ourselves.

Do you know someone who works for a company that manufactures or produces cereal, soap, liquor, beer, or laundry detergent? Chances are, they aren’t being affected by the recession. Their company produces products that are purchased regardless of how tough the economy gets. Have you ever heard a person say, “We’re cutting back this year, no more baths?” Of course not, people are going to eat, drink, and buy the basic necessities no matter what. These types of products are called consumer staples.

So, if your personal revenue (paycheck) came from a company that produced consumer staples, you would be in a pretty good position no matter what the economy was doing, right? You personal economy would not be affected by a recession. You would still be able to save and invest because your income stream would not be affected.

Let’s take that one step further now. If you work for a company like Proctor and Gamble or Colgate Palmolive, which produce consumer staples, you could still be affected by a factory closing or reorganization. While the demand for their products is the same during hard economic times, the companies may choose to find cheaper labor or take opportunity to purchase a competitor and remove duplicate positions. You still don’t have 100% control of your personal economy in this case.

What if I told you that you could own your own business in the consumer staples industry? You could have 100% control of your economy. You would never fire yourself and the demand for your products would be the same regardless of a boom or bust US economy. Would you be interested in learning more? Click here.

Recession - Proof Income

2008-10-23T16:30:00.001-06:00

"Given the financial damage to date, I cannot see how we can avoid a significant rise in layoffs and unemployment." That was the statement made to the U.S. House Government Oversight and Reform Committee today by former Federal Reserve Chairman Alan Greenspan.

Many pundits on TV have been using the word “recession” to describe our current economic circumstances. What is a recession? The U.S. based National Bureau of Economic Research (NBER) defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."

That means your job may be in jeopardy. If get to keep your job, your hours may be cut, you may not get a year-end bonus, or you may see your co-workers downsized. If you own your own business, you will see a slow-down in sales, directly affecting your income.

What would happen if you lost your job tomorrow? Would you be able to make your house payment? How long can you go without a paycheck? Statistics say most Americans are 2 – 3 paychecks away from being homeless.

What if you could create an income that is recession-proof? An income that you could work on part-time alongside your current job or full-time, if that’s what you desire. Read more…

There are a few businesses that are recession-proof. One, in particular, is the consumer staples industry. Consumer staples are the things we can’t live without: food, toiletries, cleaning products, gas, etc. They are the things you and I will spend the last dollar in our pocket on because we have to have them.

Most consumers can live without the latest iPod from Apple or a brand new 46-inch high-definition television. Such products are known as discretionary purchases -- consumers will decide to buy or not buy these products based on a variety of factors including income, expectations for future income growth, and willingness to take on debt.

But while you might think twice before shelling out $2,500 on a new television, it's unlikely you gave much thought to your last purchase of a $1.00 pack of chewing gum, $0.50 soda, or $7.00 tub of laundry detergent. In fact, if you're like most consumers, then you'll continue chewing gum and doing your laundry regardless of the general condition of the U.S. economy.

Companies that make or sell these everyday necessities are called "consumer staples" firms. Typically, the consumer staples industry includes traditional food and beverage companies as well as grocery retailers, fast-food chains, and drugstores. Companies in these industries are exposed to different competitive forces; they're by no means fundamentally identical. However, all of these industries share one common trait -- stable demand for their products.

Major Players in the Industry
Anheuser-Busch
Procter & Gamble
Colgate / Palmolive

That stability of demand is behind the consumer staples industry's reputation as a safe group. And there's a great deal of truth to the sector's reputation for stability; during bear markets and periods of poor economic growth, consumer staples tend to handily outperform most other industry groups.

If you were going to start any business or new career in these troubled economic times, wouldn’t the consumer staples industry make sense?

I think so. That’s why I’m helping people to learn about a small consumer staples company that is providing everyday people with an opportunity to start their own business. Go to www.beyourownceoonline.com to learn more.

Be Your Own CEO Online

2008-05-29T11:19:00.000-06:00

My name is Jennifer Thomason and I am the founder of BeYourOwnCEOonline. I spent six years working as a Financial Advisor for some of the world’s largest firms. It was a great experience. I was very successful, but the job was not what I had envisioned when I first decided to pursue that career path.

I had a very specific vision when I first made the choice to become a Financial Advisor. In my head I saw myself sitting across a desk from an average couple. I would provide them with advice on how to pay down their debt, save for their children’s college education, take the first steps toward securing their retirement, etc. When we were finished, they would smile and feel relief that they were on track towards their dreams. I really wanted to make a difference in people’s lives.

What I found out in my six years as a Financial Advisor is that the average person in the U.S. is just making ends meet. Forget about retirement savings, paying for a child’s education, or paying down debt. It was hard enough just to make ends meet. In the past year or so, it’s become even harder.

One day, I was speaking to a friend about the usual woes of the world and she introduced me to a unique business concept that I knew was the answer to all these problems. This business concept is perfect for people who want a part-time income while they continue to work their regular job, parents who want to stay at home with their children, people who want a career change, retirees, and even college students.

So what is this business concept? Well first, let me tell what it’s not. This is not MLM, Amway, Nuskin, Herbalife, Noni Juice, or any direct sales business. You don’t have to run around selling products, taking orders, delivering goods, collecting money, or purchasing inventory. There are no employees, paperwork, franchise fees, overhead, or large up-front capital.

To understand exactly what we do…

Imagine going to the grocery store or Target. You purchase normal things like, toilet paper, shampoo, cleaning supplies, groceries, etc. You pay at the register and you go home. When you get home your neighbor is at her front door holding a box. You walk over to say hi and ask what’s in the box. She says, “Oh nothing exciting, just the usual shampoo, laundry detergent, groceries, etc.” You ask, “How are you getting those things delivered to your door?” She tells you about a company that sells all the same things she used to buy at Target or Wal-Mart, but:

the company’s prices are 30-40% lower,
the products are all environmentally-friendly
you shop through the internet and everything is delivered right to you front door, saving you time and gas,
the products are 100% money-back guaranteed,
the company gives you a discount when you shop at 100s of their partners, and
every time someone she tells about the store shops from their website she gets a check from the company.

“Let me get this straight”, you say. “I can buy all the same items I just bought at Target from this company for 30-40% less?” “Yes”, she says. “And, I can shop online and get everything delivered right to my door and if I don’t like something I can return it for 100% of my money back, just like at Target?” “Yes”, she says. “And, if I tell someone else about this online store, then every time they shop there, I get a check from the company for referring them?” “Yes.” “So, I can start my own business just by buying the things I already buy, but purchasing them online and then telling other people about it?” “Yes.” “Tell me more”, you say…

This business concept is so simple, I could hardly believe it was true when my friend told me about it. I thought to myself, “This is the answer to helping so many people get out of debt, stay out of debt, be able to afford to retire, buy their dream home, send their kids to college, or just be able to afford to quit that job they hate so much.” Oh, and from a Financial Advisor’s perspective, the tax benefits were great!

If you want to get out of debt, buy your dream home, be able to stay home with your children, quit your current job, or just supplement your current income, I invite you to contact me to learn more. My team and I will provide you with the resources you need to create whatever level of income you would like. All you need to provide is a commitment to building your ideal business and life.

Ready to learn more?

Read our FAQs or Click here to request that we contact you.