The Best Home Business in the World (or Welcome to the World’s Second Oldest Profession)
By: Claude W. Diamond J.D.
I just read read through a very hefty entrepreneurial type magazine web page, checking out the so called “business opportunities”. Lately, it seems that everyone wants to quit their job and become part of the free enterprise system. They want to be their own person and have the satisfaction of running a business that will guarantee them the freedom to pursue their dreams and to create a high income*.
There seem to be more ways people can enter the world of entrepreneurship (and lose money) than one could ever dream of. The glossy enticing pages offered by many companies are just waiting to show you all the different ways in which you can become part of the American Dream.
It’s not just chicken and flipping burgers anymore folks. Why just for going $100,000.00 (and more) into debt, you too, can become part of a franchise that cleans houses (yuck), you can bake cookies in a hot oven all day in the local mall or you can sell Jalapeno flavored gourmet jelly beans to weary travelers at airports. While these opportunities may tantalize the heart strings of some, I am still a fervent believer in the world’s second oldest profession, Real Estate.
Note: As a kid, I worked for many years after school and on Saturdays in a Grocery Store/Deli in New York City. Believe me when I tell you that the only things you get from a retail business are very long hours and remarkably little pay! (Especially when it’s your Mom and Dad who run the business).
None of the opportunity type publications explore the possibilities of the best home based business in the world; a Creative Real Estate Investment Business.
Just think about it for a moment. What if I told you that you could operate a very profitable, stimulating, creative and fun business from your own home. Imagine no more commuting or car pooling every morning! You would need a telephone and a yellow felt tip marker (fax & computer are helpful, however, they initially are optional) . Employees are not a necessity nor is an expensive retail location required. There are no high priced franchise fees or royalties to pay to some strange company located in an ivory tower in New York or Chicago. Best of all you can do deals in real estate without having been born with a silver spoon in your mouth.
If you have the need to feel like Albert Schweitzer you can rest assured that you are helping your fellow Americans get rid of their problem properties or possibly you are aiding another to get into a dwelling they might own someday with a creative Lease Purchase. You would be in control of your own business and would have a hand in determining your income goals. Sounds great doesn’t it ?? Uh Oh ! There is a catch, however. The following are required to make the above occur:
A. Specialized Knowledge: It takes very specialized knowledge to make money in this business. Read, study, join an investment club or just find yourself a Mentor. Someone who has made it and is willing to share his knowledge with you.
B. Implementation: The Implementation of that knowledge. (The world is full of people with lots of degrees and who have no money!) It takes guts to take that first step and make something happen. If you have gone to the trouble, time and expense to learn something, take a chance at greatness and make it work. If you don’t Succeed the first time, learn from your mistakes and try again.
*Reality Check: I’m told that statistically very few actually make it. I have an acquaintance who left his safe & secure 40 hour/week job and opened a mail box type franchise outlet. He, his wife and daughter all consistently work 70 hour weeks, have less free time and he makes the same amount of money that he used to working 40 hours/week!
C. Hard Work: Sorry folks, I had to use those four letter words! It takes HARD WORK, but it’s the only job you will ever love.
D. Desire: As my Mentor used to say “It ain’t going to happen unless you want to make it happen.” You must have the desire to want to make it in this business. You must have the ability to constantly motivate yourself, to keep making offers on properties and to constantly educate yourself. Only you can make yourself successful!
“Hey, if it was easy , everyone would be doing it!”
In the final analysis, when you add it all together; working at home, low investment, high rewards, job satisfaction, working part time or full time and making the kind of income you feel you deserve, a private Real Estate Investment Enterprise is truly the Greatest Home Business in the World.
