Unemployment will peak at 2.8 Million by the end of 2010
According to the latest forecast from the Chartered Institute of Personnel and Development unemployment will peak at 2.8 million in 2010. The group said that unemployment would continue to rise for the first six months of the year, despite the recovery in the UK economy. The total number unemployed in the UK is currently approximately 2.5 million, the equivalent of approximately 8% of the UK population.
Just recently Hampshire Police announced that it was going to axe 1,400 jobs which equates to about a fifth of its workforce which will include hundreds of police officers.
Pay squeezes for those left in work
But what for those lucky enough to still have a job. Well they are likely to see below average pay increases below the rate of inflation giving them less for each pound they earn. In addition, with employers looking to cut labour costs they will be expecting more from the staff remaining. In short those left in work will probably be expected to accept increasing workloads – for the same or less money.
That is another reason why everyone should have their own business! – But there are many more!
Having you own business is a real asset that everyone should have and the reasons are as follows:
1. It can bring in additional income to help pay the bills, pay off debts, allow you and your family to have a holiday, and much more.
2. It is very tax efficient – even if you make a loss! If you make a loss in your first year of having your business then you can claim that back in taxes you have paid from your employed salary! In short you get a tax rebate! Even better news – you can carry that tax loss back a few years and also forward lowering your tax liability.
3. If you run a small part time business from home a percentage of your household bills become ‘business expenses’ allowing you to offset them against you tax liability! Computers, pens, paper, phone-lines, mobile-phones, clothes, cars, petrol expenses, and much more become tax-deductable. For example, I drive a Range Rover SPort – paid for by – yes savings in my tax!! I also have six properties and last year I got an £8000 tax rebate on them.
Everyone has a special skill that has market potential
For example, if you a teacher you could write reports on how to educate your child. If you are successfully living on a budget you could write a report or start a blog on how you do it and write ebooks or article that you could sell for profit. If you are a young person who is good at skateboarding or bmx-ing you could start a web-site or blog site and run training courses in your spare time.
You can also make money without having a product by using someone elses!!
I can show you how you can use ‘affiliate programmes’ to advertise someone elses product and earn money everytime someone who is referred from your web-site and / or blog site buys something from someone else. This is a great way to generate income without having to actually do anything apart from a bit of advertising and marketing.
Do you have a large social or professional newtwork? If so you could earn ££££’s simply by organising a course for your colleagues and reccommeding they attend.
I know many trainers who will pay you a 50% commission on such deals (these are commonly known as ‘joint ventures’). Think about it. You find someone who runs a course and who charges £80 per person. You recommend the course to your colleagues and 20 of them attend. You get paid 20 x £40 = £800 – its a no-brainer.
However, what if the course or product was worth £500 and you got 50%? Lest say you sold 20 to your colleagues. On a 50% commission you would get paid 20 x £250 = £5,000.00! Could you use £5,000 for a few hours work? Again its a no-brainer. Imagine if you sold 100 products at 50% of £500. That would equate to a commission of £25,000.00!
If you are attending the seminar on the 19th October I will give you the opportunity to do just that!
To see more about our next business training day go to: http://www.nfps.info/%C2%A399-Business-Training-Day