There was an article in the business section of our paper yesterday.  Nationwide there are about 3,000 attorneys who have lost their jobs.  These are people who never thought they would be out of work because there was a sense the law profession was recession-proof. 

Now what? 

Afterall, these are people who were earning good salaries and most had good benefit packages.  Suddenly they need to find a new source of income. 

Since few law firms are hiring, they need to find other sources of income.  For many, that means starting their own law firm and in many cases that will be a home based business.

One of the biggest challenges they face is learning new skills.  Now they need to know how to market and run their business.  They need to find ways to balance their time between all of their responsibilities.

Why is this important to you?  This story may be about attorneys, but it’s true for many segments of our economy.  People getting downsized and having few options for a new job. 

Consequently, more and more people are starting their own home business, but just like the attorneys who have great job skills, many of these people don’t have business skills. 

If you’re one of them, be sure you give yourself the best chance for success. Learn what you need to be successful.  Surround yourself with good advisers.  Get trained in what you need to do to run your home business or hire people to do what you don’t know how to do (or want to learn).

We do have a Home Based Business Starter Kit that is available.  Certainly not a have-to-have, but it provides a solid foundation for all you need to know make your home business a success.  You can read about it at Home Based Business Starter Kit.

Written by Philip Cohen