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The era of the small business owner has arrived.

According to statistics published by the Small Business Administration and the U.S. Census, home-based businesses generate over $400 billion in sales per year, and provide self-employment for millions of Americans.

In the past, home based businesses were scorned as envelope stuffers and seamstresses, but with the rise of the Internet, home-based businesses have become big business, providing entrepreneurs an average income of $63,000 per year, with start up costs frequently below $5,000. As you can see, home-based businesses are viable, important to our national economy, and potentially profitable.

The Success Factory International recently claimed America is in an age of workplace transformation, with jobs moving out of the office and factory and into the home. You can become a part of this workplace transformation and join millions of others making a living from home.

In my opinion, a person with energy, a drive to succeed, and the ability to think outside the box (read "Teach Yourself How To Think, by Edward De Bono), can succeed in a home-based business.

Business innovation and startups are often the victims or the beneficiaries of market trends and your ability to access specific market niches. So where and how can you find a niche market to serve? According to the Bureau of Labor Statistics (BLS), the following service and industry areas will see the fastest growth among all industries over the next 7 years:

· Home health care services
· Software publishers
· Residential care facilities
· Employment services
· Office administrative services
· Computer systems design and related services

While the BLS focuses on employment statistics, these identified growth areas will also spell opportunity for entrepreneurs. The word "services" is key here, as companies continue to outsource services to individuals willing and able to do the work.

The BLS also forecasts proprietor's income to increase by approximately 50% over the next 7 years. With a little business acumen, combined with perseverance, a sense of direction, and willingness to work, you can claim a piece of this incredible growth and join the upper 10 percentile of asset holders in America.

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Published statistics from the National Association of Realtors suggests the upper Midwest, namely Detroit, Cleveland, and Indianapolis, have seen property values drop by 3-7% during 2006.

This is a perfect example of how location is the key determinant of real estate values. While the entire nation is in somewhat of a slump relative to real estate valuations, the industrialized areas of the Midwest continue to lead the nation in property value losses.

In contrast, the Pacific Northwest, which includes cities like Salem, Oregon and Spokane, Washington have seen property valuations increase nearly 20% during 2006. Again, location is key.

Despite the apparent doom and gloom of the market, real estate investors continue to flock to income producing properties as an investment vehicle. But the old adage, "let the buyer beware" is as true today as ever.

Industry analysts suggest individual investors can still make their fortune in the real estate market, but they must be aware of market niches, the use of financial leverage, and the growth potential of their local markets. Bankrate.com also warns buyers to conduct due diligence prior to making a commitment to a specific property.

Due diligence implies the buyer has thoroughly researched local market values, conducted comparative property analyses, obtained professional appraisals, and considered their use of the property relevant to resale value, rental income, and maintenance or repair costs.

Bankrate also suggests one of the surest routes to failure in the real estate business is entering the game with a "get-rich-quick" mentality.

Real estate is a slow business. It lacks the liquidity of the stock market and prominent data regarding national averages is generally useless to local markets. With that in mind, investors must become masters of their local market, and invest with a long-term outlook.

The next year may hold a lot of promise for buyers as foreclosures and interest rate fluctuations shake up the market. However, to avoid becoming a victim of sales slumps and potentially exorbitant mortgage fees, investors are well advised to enter the fray with cash reserves sufficient to see them through a six to nine month holding period.

Here are links to 4 places you can get free ebooks or read articles about making money at home%u2026

Amazing Home Business Idea

Make Money In the Stock Market

Work From Home Articles

Penny Stock Trading

You can also read dozens of free articles by my website co-host Phillip Collinsworth, at EzineArticles and GoArticles.

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Ezine Articles

The Universal Default Clause Fiasco

David Bach wrote an interesting article on this subject on Yahoo Finance. I felt it was important and wanted you to see a summary of his article immediately. You can read the original at:

http://finance.yahoo.com/expert/article/millionaire/26303

David Bach has a wealth of information available on the subject of building wealth, and is well worth reading.

You may not be aware of it, but many major credit card issuers have a hidden clause in your terms of agreement, known as the Universal Default Clause.

The Universal Default Clause is a clever way credit card issuers justify increasing your interest rate, at a moments notice, and with virtually no recourse for you. How does it work? Credit card issuers maintain a constant vigil of your credit report. The moment they notice you have made a late payment on any loan, the default clause kicks into effect and allows them to significantly increase your interest rate. The most common factors that have been known to trigger the clause include a reduction in your credit score, and late car or mortgage payments.

The Institute of Consumer Financial Education estimates up to 40% of credit card issuers have the Universal Default Clause in effect, and its impact can represent a doubling, or more, of your current interest rate. High interest rates can devastate your cash flow and increase the pressures to meet monthly maintenance fees. Watch out for this clause and do your best to make all your loan payments on time. You can access the ICFE website on the link below.

http://www.financial-education-icfe.org/

Bottom line: Look for the Universal Default Clause in your credit card agreement. Transfer funds to a card that does not use this clause, and in the future, avoid signing up with credit cards that use the Universal Default Clause.

Rising above a poverty level existence is not easy. In the short-term you can use part-time jobs, yard sales, and sites like Ebay to help you get some immediate cash flow. For the long-term, you need to start thinking about ways to achieve your financial dreams. If you are in a financial rut, you must first stop digging the hole any deeper. Take a close look at your lifestyle. What have you been doing over the past five years or so to get into this position? Typically, when we have decent jobs we tend to spend up to and beyond or income levels. Obtaining financial security often requires delaying gratification until we are on more solid financial footing. Before you start to buy toys, fancy cars, vacations, and other doodads, you should have a minimum of 6 months' living expenses locked away in a certificate of deposit or savings bonds. Ideally, this money should never be touched. It is a cash reserve for life changing emergencies. A sudden urge to visit Montana is not a life-changing emergency. The subject of making a living and achieving a modicum level of financial security is both fascinating and nerve racking, so I suggest you read some good books on the subject. Start with books by Suze Orman, George Clason, Og Mandino, Thomas Stanley, and Robert Kiyosaki.

According to statistics published by the Small Business Administration and the U.S. Census, home-based businesses generate over $400 billion in sales per year, and provide self-employment for millions of Americans. In the past, home based businesses were scorned as envelope stuffers and seamstresses, but with the rise of the Internet home-based businesses have become big business, providing entrepreneurs an average income of $63,000 per year, with start up costs frequently below $5,000. As you can see, home-based businesses are viable, important to our national economy, and potentially profitable.

Have you ever tried to rent a car or a hotel room without a credit card? How about making purchases on the Internet? Whether you like using credit cards or not, they are an important part of everyday life, and used responsibly, are a great financial tool you can use to build a business or cover day-to-day expenses.

The credit industry has a huge impact on the American economy, and as a consumer, you are an important link in this sector. Recent statistics estimate consumers carry nearly $2 trillion in consumer debt, with approximately $8,500 dollars serviced by each American citizen, and over $50 billion dollars in annual finance charges paid (which does not include home mortgages). With all of this credit, 22% of us do not qualify for credit cards, and approximately 1.5 million cardholders declare bankruptcy annually. While the numbers appear frightening, credit is a powerful tool, which when used properly, enables consumers to enjoy online transactions, travel, and even investing.

What this means to you is that overall the image of credit card debt is not really as bad as you may be led to believe by the media. Credit card companies are not on the verge of failure and continue to welcome new members at record rates. For people without credit cards, or poor credit ratings, the trick becomes one of convincing a credit card company that you are a worthy credit risk.

Approximately 90% of all creditors in the U.S. use a standard scoring system to automate the approval process. This number is known as your FICO. FICO stands for Fair Isaac Corporation, its original creator. Here are some interesting facts about FICO scores that may help put your current credit status in perspective:

· Median FICO score: 723
· FICO scores range from a high risk of 300, to a low risk of 850. The higher your score, the better.
· FICO scores are determined using a formula that looks at income, money owed, payment history, and types of credit used.

To arrive at this number they use information about your credit history, home ownership, income, and seemingly insignificant things like having a telephone, or an established bank account. Basically, creditors are looking for stability. They want to issue cards to people with jobs and obligations.

Opening and holding a bank Certificate of Deposit is a great, and conservative, way to build a nest egg. Keep in mind however, with current interest rates, offset by taxes and a touch of inflation, your future value of money with CDs is not a way to get rich.

That said, I love CDs and use them to save money. In my opinion, everybody should have about six months worth of living expenses locked away in a CD for emergency use. For example, if it takes $2,500 per month to pay the bills and just get by, you should have at least $15,000 tucked away in a CD, prior to engaging in higher risk investments. Even when you begin to expand into stock market and real estate investments, maintain your $15,000 CD, and make all of your future investments pay for themselves, without dipping into your CD capital base. Saving and holding onto six months worth of living expenses is hard, but to paraphrase W. Clement Stone, "If you can't save, the ability to create wealth is not within you."

Certificates of deposit are generally FDIC insured, which is certainly not the case for stock market and real estate investments. CDs also differ from money market accounts, so when you open a CD, make sure it falls under the FDIC umbrella. If you don't think FDIC insurance is important, consider what is happening in the lending markets right now.

Prior to opening your CD, you need to gather some facts about current yields and the time period you must keep your money locked in the CD. There are always ways to pull your funds out of a CD, but early withdrawal will carry penalties. You can get a great rundown on current CD rates and terms by reading Bankrate's CD Rate Trend Index. Check it out at www.bankrate.com.

When investing in a CD, be aware of the length of time you are committing your money to. If the annual percentage yield (APY) for a six month CD is 4.9%, and a twelve month CD offers 5.1%, you will have decide if the extra return on investment (ROI) is worth having your money locked away an additional six months. By using Bankrate's data, you can make this kind of decision based on their forecast for interest rate hikes or drops. If you expect interest rates to drop in the next six months you may want to go with the twelve month CD in order to lock in the better yield. However, if rates are expected to go up, a six month term would allow you to reinvest at the higher rate.

Mission statements summarize your company's philosophy and purpose, and are an integral part of your articles of incorporation and business plan. Powerful mission statements should be less than 100 words in length and ideally focus on your organization's core competencies-that is, what you do best.

While a mission statement is an important part of your overall business plan, its primary purpose is to inform consumers and capital investors of who you are, what you do, and why you do it. Additionally, the mission statement provides direction to your marketing campaign and sets the tone of your corporate culture. The following two examples serve to illustrate this concept.

Sample 1:

Basics Unlimited offers convenient and affordable lodging in over 300 locations nationwide. We strive to return a fair profit to our shareholders and provide a rewarding work experience for our employees.

Analysis of Statement:

This short mission statement squeezes in a lot of information about Basics Unlimited's corporate culture and goals. The first sentence focuses your attention on its basic purpose, lodging, but also emphasizes that it serves a market looking for convenience and economy. The name of the company also suggests the hotel/motel chain is a "no-frills" provider of lodging. Regarding your marketing campaign, this first sentence helps you identify a potential market niche-the economy minded business traveler. The second sentence shifts the focus from the consumer to the owners and employees. The mission statement reveals the company's concern for shareholder equity and return on investment, while the second part of the sentence recognizes the importance of each employee in the company.

Sample 2:

Gourmet Delites is a family operated caterer focusing on organic foods. We deliver and serve classic and customized entrees, appetizers, and desserts in the Los Angeles area.

Analysis of Statement:

The words "family operated" distinguish this company as a locally owned and operated food service provider. The first sentence also narrows the scope of food service to catered, organic meals. The second sentence clearly identifies the company's ability to serve standard food items, as well as personalized or by-request meals. Regarding a potential marketing campaign, the mission statement identifies the market area as the Los Angeles area.

The biggest mistakes companies make regarding mission statements is to tuck it into a file drawer, and then dust.

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Internet and Online business has swiftly become one of the most lucrative endeavors that people can participate in. Yet you may be wondering how you can make more profit online with fast internet and online business. Here are four ways to increase the profitability of your internet and online business:

1 Use internet marketing tools. Old marketing campaigns have become all but obsolete since the growth of the internet. Try using pay-per-click advertising in order to increase traffic on your website.

2 Include advertising on your home page. You can charge money to other companies that are affiliated with your business by selling banner ad space on your page to them. This can be a profitable way to both increase traffic to your own site and earn money just by having an internet presence.

3 Simplify your methods. Instead of trying to increase your profitability by diversifying your business, make the most of your current situation and reinvest in your fast internet and online business by condensing and improving your current methods.

4 Make your website interesting. Nothing is worse for a potential customer than a boring or confusing website. If you can make your site clear, professional and yet attractive, you will draw more customers and be more profitable with your fast internet and online business.

All in all, fast internet and online businesses are the way to go when looking to make more profit online. These four easy points are simple and common sense methods to help improve your productivity and make it easier for you to make more profit from your fast internet and online business.

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