LOS ANGELES, CA -- The weakening economy and rising fuel prices has lead to greater unemployment across America. Instead of profit, new home-based businesses are opened for family survival.
Just a decade ago if you felt financial pains from a slacked economy your first option was a second job or moonlighting. Franchising with it's high start-up costs and MLM with it's checkered past was usually out of the question for most Americans in an economic emergency.
The Internet and telecommunications has changed all of that. Today, it's believed that over half of all businesses classified "Small Firms" are run from home.
Their low start-up costs and savings on overhead allow, even novices, to turn a profit quickly and have a high level of success compared to traditional brick and mortar businesses.
One recent convert, Albert Le, Home Business Specialist and owner of www.GlobalWealthClub.com, knows what it's like to open and run both a brick and mortar business and a home-based business.
"I worked as a hairstylist and eventually opened my own salon to seek more control and financial stability. It was tough starting out," said Le. "As an experiment I started my home based business on the side. I wanted to know if the little guy could really make money from home, on the Internet?"
He started his home-based business for less than $2,000 and turned a profit in a few months while managing and working at his salon.
"When I saw the success and the speed in being profitable I sold the salon," said Le. Today he works from home teaching others how to open and run successful home based businesses.
"My home based business has expanded to three countries and five States," Le said. "It would have taken me decades and millions of dollars to accomplish the same level of penetration in my salon business. For the right person, in today's world, a home based business is a very lucrative and legitimate financial venture - if you have the right support and guidance."
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