The foreign exchange market remained highly volatile last week with the US Dollar starting weaker across the board to end the week on a stronger footing, driven by plans and announcements from the US Federal Reserve and US Treasury. The Euro dropped to 1.3255 levels after reaching a high of 1.3735. The Sterling Pound ended the week at 1.4320 after trading between the high and low of 1.4778 and 1.4266. The Japanese Yen dropped to 98.80 levels after reaching a high of 95.40. Finally, the Australian Dollar and Swiss Franc range traded between 0.6893 to 0.7093 and 1.1168 to 1.1435, respectively.
Calls for new global currency
Last week, China’s Central Bank proposed replacing the US Dollar as the international reserve currency with a new global system controlled by the International Monetary Fund (IMF), aiming to create a reserve currency that is disconnected from individual nations and is able to remain stable in the long run. China being the largest holder of foreign exchange reserves, around $2tn, of which around 80 percent is estimated to be in US Dollar, might be concerned about the potential inflationary risk of the US Federal Reserve printing money.
Despite the fact that any shift away from the dollar as a reserve currency would have a massive impact on the US markets, Tim Geithner initially said that the US is willing to explore China’s proposal to give a synthetic global currency a larger role in the international financial system. He also said that the future of the US Dollar in the world system would rest on the US government’s ability to overcome the financial crisis. However, he later mentioned that such a move could take years to implement and that dollar will keep its status as the top reserve currency for a long time. The comments had a major impact on the FX market as the US Dollar dropped substantially when the news came out.
Showing posts with label news. Show all posts
Showing posts with label news. Show all posts
Sunday, March 29, 2009
Tuesday, October 21, 2008
Wall Street surges on hopes credit market easing will help temper recession; Dow rises 400
A rising wave of optimism lifted Wall Street Monday, propelling the Dow Jones industrials up more than 400 points on more signs of a reviving credit market and support from Federal Reserve Chairman Ben Bernanke for further steps to aid the economy. All the major indexes finished with gains of 3 percent or more.Investors who had sold furiously in recent weeks in response to immobile credit markets became more optimistic as bank-to-bank lending rates eased further. There's also less demand for ultra-safe Treasury bills, another sign that the credit markets are gradually returning to a healthier state.
The improvement in lending rates helped temper concerns that tight credit will contribute to a prolonged recession, but Bernanke still warned that the economy is likely to be "weak for several quarters, and with some risk of a protracted slowdown."
But he also told the House Budget Committee that a fresh round of government measures might help ease the country's economic weakness. There were no details but the White House said it was open to ideas that Congress might put forth.
"The market liked what Bernanke had to say, and there were hints that he's leaving the door open for further moves in terms of rate cuts or economic stimulus," said Ryan Larson, head of equity trading at Voyageur Asset Management. "And, with credit easing in slow baby steps, the market has started to realize that this is going to be a process."
Wall Street was also sifting through the first of hundreds of earnings reports expected this week, seeking clues about future business conditions. Among those reporting, oilfield services provider Halliburton Co. topped estimates, and CEO Dave Lesar told investors and analysts in a conference call, "We expect that any major macroeconomic disruptions will ultimately correct themselves."
Trading was orderly for much of the day, but the final hour again saw frenetic activity, this time to the upside, with the Dow rising nearly 140 points in the last 25 minutes. The market's tone was clearly better than during the previous two weeks, when investors' heightened anxiety about credit markets and the economy sent stocks plunging. The relative calm in Friday's session, when the Dow fell 127, and Monday's trading, had more investors feeling confident that the worst of the market's losses was behind it.Still, with back-and-forth trading a hallmark during recoveries from plunges in the past, analysts and investors were also expecting that Wall Street would be subject to volatile price swings for some time.
Trading was orderly for much of the day, but the final hour again saw frenetic activity, this time to the upside, with the Dow rising nearly 140 points in the last 25 minutes. The market's tone was clearly better than during the previous two weeks, when investors' heightened anxiety about credit markets and the economy sent stocks plunging. The relative calm in Friday's session, when the Dow fell 127, and Monday's trading, had more investors feeling confident that the worst of the market's losses was behind it.Still, with back-and-forth trading a hallmark during recoveries from plunges in the past, analysts and investors were also expecting that Wall Street would be subject to volatile price swings for some time.
"We don't have any sense if this kind of a run is sustainable," said Phil Orlando, chief equity market strategist at Federated Investors. "We're groping quite literally for a bottom right here, but I'm not going to discount that we won't retest lows over the next couple of weeks."
The Dow rose 413.21, or 4.67 percent, to 9,265.43. The blue chips' gain were in line with a 4.68 percent gain registered Thursday, when the Dow jumped 401 points.
The rally marked the Dow's 23rd triple-digit move in 26 sessions. Most sessions have brought losses, however, with 11 of the past 14 showing declines.
Broader indexes also rose sharply Monday. The Standard & Poor's 500 index jumped 44.85, or 4.77 percent, to 985.40. The Nasdaq composite index rose 58.74, or 3.43 percent, to 1,770.03.Todd Leone, managing director of equity trading at Cowen & Co., said many investors were feeling optimistic that credit is slowly becoming more available. He also believes that Bernanke's remarks, along with the fact earnings haven't been dismal, are helping markets move higher.The benchmark 10-year Treasury note rose. The yield, which moves opposite its price, fell to 3.87 percent from 3.93 percent late Friday.
The Dow rose 413.21, or 4.67 percent, to 9,265.43. The blue chips' gain were in line with a 4.68 percent gain registered Thursday, when the Dow jumped 401 points.
The rally marked the Dow's 23rd triple-digit move in 26 sessions. Most sessions have brought losses, however, with 11 of the past 14 showing declines.
Broader indexes also rose sharply Monday. The Standard & Poor's 500 index jumped 44.85, or 4.77 percent, to 985.40. The Nasdaq composite index rose 58.74, or 3.43 percent, to 1,770.03.Todd Leone, managing director of equity trading at Cowen & Co., said many investors were feeling optimistic that credit is slowly becoming more available. He also believes that Bernanke's remarks, along with the fact earnings haven't been dismal, are helping markets move higher.The benchmark 10-year Treasury note rose. The yield, which moves opposite its price, fell to 3.87 percent from 3.93 percent late Friday.
"People are just getting comfortable with buying again," said Todd Leone, managing director of equity trading at Cowen & Co. "We still could see another big drop, but those big drops are going to get less and less."
Investors also received a bit more detail about how Treasury Secretary Henry Paulson plans to roll out a $250 billion plan to recapitalize banks. Paulson said the government will own shares in the banks that should be paid back with a reasonable return, and expects that the investment will eventually make money.
Investors also received a bit more detail about how Treasury Secretary Henry Paulson plans to roll out a $250 billion plan to recapitalize banks. Paulson said the government will own shares in the banks that should be paid back with a reasonable return, and expects that the investment will eventually make money.
Thursday, October 16, 2008
Switzerland to take on $60 billion of UBS assets
UBS and Credit Suisse Get Urgent Bailout Funds As the financial crisis continued to roll through world markets despite massive bailouts, the two leading Swiss banks said Thursday they had secured emergency support totalling some $14.1 billion, either from the Swiss authorities or from outside investors including the Qatar Investment Authority.
At the same time, the Swiss National Bank said it had set up a fund to absorb toxic assets from the country’s biggest bank, UBS. The measures offered a sharp contrast to Switzerland’s previous appearance of aloofness from Europe’s government-sponsored rescue operations.
Jean-Pierre Roth, the president of the Swiss National Bank, said it was “preferable that we go ahead with this operation now, in an orderly fashion — despite the fact that the markets have regained a certain degree of optimism in the past few days — rather than at a later point under potentially more adverse conditions.”
He called the rescue “unprecedented with regards to the reasons for it.”
UBS said it would receive a direct injection of government money in the form of mandatory convertible notes worth some $5.3 billion while Credit Suisse, the second largest Swiss bank, said it had raised $8.8 billion from “a small group of major global investors” including the Qatari authorities, which already hold a significant stake. The government injection of funds into UBS could represent a 9percent stake in the bank, whose $44 billion writedowns related to toxic assets have been Europe’s worst.
Credit Suisse also reported a net third quarter loss of $1.3 billion after further writedowns. UBS reported third-quarter net income of $261 million.
The Swiss National Bank said it had created a fund that would enable UBS to transfer $60 billion worth of toxic assets from its balance sheet. UBS said the fund would be capitalized with $6 billion of equity capital provided by UBS and $54 billion from the Swiss National Bank.
UBS said in a statement: “With this transaction, UBS caps future potential losses from these assets, secures their long-term funding, reduces its risk-weighted assets and materially de-risks and reduces its balance sheet.”
The assets transferred into the new fund included $31 billion related to the United States sub-prime and other markets that included mortgage-based securities and securities backed by student loans.
“At completion of the transaction, UBS’s next exposure in these categories will be reduced to nearly zero,” the UBS statement said.
The UBS chief executive, Max Rohner, called the bailout a “definitive move” to accelerate risk reduction in “the extremely difficult market environment.”
For its part, the Swiss government said in separate statement that it was “confident that this package of measures will contribute to the lasting strengthening of the Swiss financial system.”
“The resulting stabilization is beneficial for overall economic development in Switzerland and is in the interests of the country as a whole,” the statement said.
Previously the Swiss authorities had seemed to be standing apart from the wave of bailouts among European countries who have pledged around $1.8 trillion to free up credit markets and support the continent’s banking system. But such is the size of the Swiss banking industry in relation to the overall economy that the Swiss might not have had the resources to bail out UBS and Credit Suisse if they ran into deep trouble.
Jean-Pierre Roth, the president of the Swiss National Bank, said it was “preferable that we go ahead with this operation now, in an orderly fashion — despite the fact that the markets have regained a certain degree of optimism in the past few days — rather than at a later point under potentially more adverse conditions.”
He called the rescue “unprecedented with regards to the reasons for it.”
UBS said it would receive a direct injection of government money in the form of mandatory convertible notes worth some $5.3 billion while Credit Suisse, the second largest Swiss bank, said it had raised $8.8 billion from “a small group of major global investors” including the Qatari authorities, which already hold a significant stake. The government injection of funds into UBS could represent a 9percent stake in the bank, whose $44 billion writedowns related to toxic assets have been Europe’s worst.
Credit Suisse also reported a net third quarter loss of $1.3 billion after further writedowns. UBS reported third-quarter net income of $261 million.
The Swiss National Bank said it had created a fund that would enable UBS to transfer $60 billion worth of toxic assets from its balance sheet. UBS said the fund would be capitalized with $6 billion of equity capital provided by UBS and $54 billion from the Swiss National Bank.
UBS said in a statement: “With this transaction, UBS caps future potential losses from these assets, secures their long-term funding, reduces its risk-weighted assets and materially de-risks and reduces its balance sheet.”
The assets transferred into the new fund included $31 billion related to the United States sub-prime and other markets that included mortgage-based securities and securities backed by student loans.
“At completion of the transaction, UBS’s next exposure in these categories will be reduced to nearly zero,” the UBS statement said.
The UBS chief executive, Max Rohner, called the bailout a “definitive move” to accelerate risk reduction in “the extremely difficult market environment.”
For its part, the Swiss government said in separate statement that it was “confident that this package of measures will contribute to the lasting strengthening of the Swiss financial system.”
“The resulting stabilization is beneficial for overall economic development in Switzerland and is in the interests of the country as a whole,” the statement said.
Previously the Swiss authorities had seemed to be standing apart from the wave of bailouts among European countries who have pledged around $1.8 trillion to free up credit markets and support the continent’s banking system. But such is the size of the Swiss banking industry in relation to the overall economy that the Swiss might not have had the resources to bail out UBS and Credit Suisse if they ran into deep trouble.
MORE...
Switzerland gave UBS AG, the European bank with the biggest losses from the credit crisis, a $59.2 billion bailout and pushed Credit Suisse Group AG to raise funds, joining authorities around the world in shoring up banks.
UBS will get 6 billion Swiss francs ($5.2 billion) from the government and put as much as $60 billion of risky assets into a fund backed by the central bank, the Zurich-based company said. Credit Suisse Group AG raised 10 billion francs from investors including Qatar and Tel Aviv-based Koor Industries Ltd.
Switzerland is the last of the world's financial centers to pour cash into ailing financial institutions after losses on bad debts reached $647 billion globally and credit markets froze. The Swiss government plans to raise deposit guarantees and is ready to back the short- and medium-term interbank loans of the nation's banks, after countries across Europe took similar measures.
``At last the Swiss are doing something,'' said Peter Thorne, an analyst at Helvea in London. ``They risked getting left behind their European rivals and paying the price for slowness.''
UBS rose 40 centimes, or 2 percent, to 20.48 francs by 11:09 a.m. in Swiss trading after falling as much as 10 percent. The stock has declined 56 percent this year, compared with a 52 percent drop in the 69-company Bloomberg Europe Banks and Financial Services Index. Credit Suisse, which reported a third- quarter loss, rose 3.28 francs, or 7.2 percent, to 49.18 francs.
Government Stake
UBS will sell 6 billion francs in mandatory convertible notes to the government. After conversion, the Swiss government would own 9.3 percent in the bank, UBS said.
The Swiss National Bank, the country's central bank, will support the fund holding the risky assets with as much as $54 billion in loans, the government said. The SNB will receive interest on the loans and is entitled to a share in any profits.
UBS posted $44.2 billion of credit losses and writedowns on mortgage-related assets since the start of last year, the most by any bank in Europe, following a wrong-way bet on the U.S. housing market. The Swiss bank had already raised about $27 billion from investors this year to replenish capital.
The measures announced today will help the banks meet tighter capital rules that the Swiss Federal Banking Commission is planning to introduce, the regulator said, and reduce risky assets on UBS's balance sheet.
``This package of measures will contribute to the lasting strengthening of the Swiss financial system,'' the government said. ``The resulting stabilization is beneficial for overall economic development in Switzerland and is in the interests of the country as a whole.''
Losing Rich Clients
UBS will transfer about $31 billion in U.S. assets, including subprime and Alt-A securities, as well as about $18 billion in non-U.S. debt investments to the central bank fund in the fourth or first quarters. The bank also can transfer as much as $9 billion of additional holdings later, including up to $5 billion of auction-rate securities that UBS may buy back from clients.
The transactions will leave UBS with ``essentially zero'' risk related to U.S. subprime, Alt-A, prime, commercial real estate and mortgage-backed securities, as well as student loan- backed securities and reference-linked notes, Chief Executive Officer Marcel Rohner said on a conference call. The bank will still have $4.3 billion in risk related to bond insurers and $4.7 billion in loans pledged for leveraged buyouts, he said.
UBS, which reported third-quarter net income of 296 million francs today, is seeking to stem client defections at the world's largest private bank. Wealth management and business banking clients withdrew a net 49.3 billion francs in the third quarter, with all regions showing outflows.
Credit Suisse Loss
UBS will take a charge of about 4 billion francs in the fourth quarter from the transactions announced today, which will probably result in a net loss, Rohner said. He reiterated that UBS expects a profitable 2009.
Credit Suisse Chief Executive Officer Brady Dougan said the bank decided to raise money now to satisfy new capital rules for 2013 and avoid investors questioning its financial strength.
``Our view is that in these markets being in a position of unquestioned capital strength will be paramount,'' he said.
Credit Suisse reported a loss of 1.3 billion francs in the three months ending Sept. 30 after a pretax loss of 3.2 billion francs from its investment banking division. It had writedowns of 2.4 billion francs in leveraged finance and structured products.
Existing shareholders Qatar Holding LLC, Koor Industries Ltd. and Olayan Investments Company Establishment took part in the capital increase, Dougan said, declining to elaborate on the stakes each investor acquired.
The bank is selling 93 million treasury shares for about 3.2 billion francs, a bond that will convert into about 50 million new shares for about 1.7 billion francs, and a hybrid tier 1 bond for 5.5 billion francs.
The measures raise Credit Suisse's proforma Tier 1 capital ratio to about 13.7 percent as of Sept. 30, from the reported 10.4 percent. That means the bank exceeds Swiss regulator's increased capital requirements for 2013.
UBS will get 6 billion Swiss francs ($5.2 billion) from the government and put as much as $60 billion of risky assets into a fund backed by the central bank, the Zurich-based company said. Credit Suisse Group AG raised 10 billion francs from investors including Qatar and Tel Aviv-based Koor Industries Ltd.
Switzerland is the last of the world's financial centers to pour cash into ailing financial institutions after losses on bad debts reached $647 billion globally and credit markets froze. The Swiss government plans to raise deposit guarantees and is ready to back the short- and medium-term interbank loans of the nation's banks, after countries across Europe took similar measures.
``At last the Swiss are doing something,'' said Peter Thorne, an analyst at Helvea in London. ``They risked getting left behind their European rivals and paying the price for slowness.''
UBS rose 40 centimes, or 2 percent, to 20.48 francs by 11:09 a.m. in Swiss trading after falling as much as 10 percent. The stock has declined 56 percent this year, compared with a 52 percent drop in the 69-company Bloomberg Europe Banks and Financial Services Index. Credit Suisse, which reported a third- quarter loss, rose 3.28 francs, or 7.2 percent, to 49.18 francs.
Government Stake
UBS will sell 6 billion francs in mandatory convertible notes to the government. After conversion, the Swiss government would own 9.3 percent in the bank, UBS said.
The Swiss National Bank, the country's central bank, will support the fund holding the risky assets with as much as $54 billion in loans, the government said. The SNB will receive interest on the loans and is entitled to a share in any profits.
UBS posted $44.2 billion of credit losses and writedowns on mortgage-related assets since the start of last year, the most by any bank in Europe, following a wrong-way bet on the U.S. housing market. The Swiss bank had already raised about $27 billion from investors this year to replenish capital.
The measures announced today will help the banks meet tighter capital rules that the Swiss Federal Banking Commission is planning to introduce, the regulator said, and reduce risky assets on UBS's balance sheet.
``This package of measures will contribute to the lasting strengthening of the Swiss financial system,'' the government said. ``The resulting stabilization is beneficial for overall economic development in Switzerland and is in the interests of the country as a whole.''
Losing Rich Clients
UBS will transfer about $31 billion in U.S. assets, including subprime and Alt-A securities, as well as about $18 billion in non-U.S. debt investments to the central bank fund in the fourth or first quarters. The bank also can transfer as much as $9 billion of additional holdings later, including up to $5 billion of auction-rate securities that UBS may buy back from clients.
The transactions will leave UBS with ``essentially zero'' risk related to U.S. subprime, Alt-A, prime, commercial real estate and mortgage-backed securities, as well as student loan- backed securities and reference-linked notes, Chief Executive Officer Marcel Rohner said on a conference call. The bank will still have $4.3 billion in risk related to bond insurers and $4.7 billion in loans pledged for leveraged buyouts, he said.
UBS, which reported third-quarter net income of 296 million francs today, is seeking to stem client defections at the world's largest private bank. Wealth management and business banking clients withdrew a net 49.3 billion francs in the third quarter, with all regions showing outflows.
Credit Suisse Loss
UBS will take a charge of about 4 billion francs in the fourth quarter from the transactions announced today, which will probably result in a net loss, Rohner said. He reiterated that UBS expects a profitable 2009.
Credit Suisse Chief Executive Officer Brady Dougan said the bank decided to raise money now to satisfy new capital rules for 2013 and avoid investors questioning its financial strength.
``Our view is that in these markets being in a position of unquestioned capital strength will be paramount,'' he said.
Credit Suisse reported a loss of 1.3 billion francs in the three months ending Sept. 30 after a pretax loss of 3.2 billion francs from its investment banking division. It had writedowns of 2.4 billion francs in leveraged finance and structured products.
Existing shareholders Qatar Holding LLC, Koor Industries Ltd. and Olayan Investments Company Establishment took part in the capital increase, Dougan said, declining to elaborate on the stakes each investor acquired.
The bank is selling 93 million treasury shares for about 3.2 billion francs, a bond that will convert into about 50 million new shares for about 1.7 billion francs, and a hybrid tier 1 bond for 5.5 billion francs.
The measures raise Credit Suisse's proforma Tier 1 capital ratio to about 13.7 percent as of Sept. 30, from the reported 10.4 percent. That means the bank exceeds Swiss regulator's increased capital requirements for 2013.
Shares in both banking giants fell sharply after the series of announcement by the banks and the authorities, matching early declines across Europe’s stock markets following the huge tumbles on Wall Street on Wednesday and in Asia on Thursday. But the Swiss banking shares recovered slightly and UBS shares posted a modest gain by mid-morning.
Wednesday, October 15, 2008
Easy Top 10 Ways to Earn Money!!
The million-dollar question that confronts every would-be entrepreneur
is: What kind of business can I start? Here are the top ten ways to earn huge income while working at home.
is: What kind of business can I start? Here are the top ten ways to earn huge income while working at home.
You do not have to read many success stories before you start wishing you could work for yourself. The opportunity to be your own boss and the potential for high income are enough to entice us to venture on our own. But what can you do? What kind of business would you be suitable to start? We have compiled the top 10 ways to earn money at home, enough to be a full-time self-employed businessperson!
1// Antiques
The buying and selling of antiques has been and should continue to be a very productive business, financially, for those that do it. Here, you only need an extra room in the house, or the use of your garage -- and you have an office!
If you have a large home that has some antique furnishings, you might consider turning it into a showroom for your antique acquisitions and sales, providing you satisfy any local zoning regulations. The interest in antiques will survive into the foreseeable future. Many people choose to spend their free time on the weekends "antiquating" from place to place to try and pick up a few odds or ends and maybe a jewel or two. If you know anything about antiques, this may be a great opportunity for you.
For more information:
Priceless Guide to the Antique Business by Patrick Campbell How to Make Money in the Antiques-And-Collectibles Business .
If you have a large home that has some antique furnishings, you might consider turning it into a showroom for your antique acquisitions and sales, providing you satisfy any local zoning regulations. The interest in antiques will survive into the foreseeable future. Many people choose to spend their free time on the weekends "antiquating" from place to place to try and pick up a few odds or ends and maybe a jewel or two. If you know anything about antiques, this may be a great opportunity for you.
For more information:
Priceless Guide to the Antique Business by Patrick Campbell How to Make Money in the Antiques-And-Collectibles Business .
2. Baking
Have you ever been told that you have a recipe that people would line up to get if they could? Ever had anyone tell you that you should be selling those cupcakes you make?
There are a number of success stories about people who have launched successful businesses by cooking at home and then marketing to local people first. You may specialize in on just one well-tried and tested food product; or you may innovate on a product that you created yourself and which has never been marketed before. Having perfected the recipe you then turn to packaging and marketing. Word of mouth on a good product may start to get restaurants or bakeries interested in acquiring your culinary masterpieces. Then you progress to selling them statewide and you're on your way to a profitable home-based business.
Have you ever been told that you have a recipe that people would line up to get if they could? Ever had anyone tell you that you should be selling those cupcakes you make?
There are a number of success stories about people who have launched successful businesses by cooking at home and then marketing to local people first. You may specialize in on just one well-tried and tested food product; or you may innovate on a product that you created yourself and which has never been marketed before. Having perfected the recipe you then turn to packaging and marketing. Word of mouth on a good product may start to get restaurants or bakeries interested in acquiring your culinary masterpieces. Then you progress to selling them statewide and you're on your way to a profitable home-based business.
3. Bed-and-Breakfast Proprietors Have you ever stayed in a bed and breakfast and thought, "Hey, I can do this!" You probably went on vacation and simply chalked your thought up as one of those pipedreams one gets when they stay in a beautiful spot.
Don't toss that thought away! While it's not easy work as the hours can be long and it's usually a seven days per week business, it's often something that you can work into a daily schedule. After all, it's merely an extension of doing the housework for family, right? More and more Americans are taking after Europeans and opening their homes to travelers.
If you have an extra room or two since the kids moved out, you can start a bed and breakfast in your own place! Bed and breakfast popularity will continue as more and more vacationers and business travelers seek a different accommodation away from the predictability of the average hotel room. If they enjoy their stay, many become "repeat" customers, coming back to the same familiar surroundings time and again.
If you don't need to do any major renovations in the house to accommodate this type of establishment, you can be off and running with very little money invested, other than advertising and some new "guest room supplies". If your dream is to buy a bed and breakfast somewhere in a vacation paradise, there are probably houses for sale that will work for this purpose.
Don't toss that thought away! While it's not easy work as the hours can be long and it's usually a seven days per week business, it's often something that you can work into a daily schedule. After all, it's merely an extension of doing the housework for family, right? More and more Americans are taking after Europeans and opening their homes to travelers.
If you have an extra room or two since the kids moved out, you can start a bed and breakfast in your own place! Bed and breakfast popularity will continue as more and more vacationers and business travelers seek a different accommodation away from the predictability of the average hotel room. If they enjoy their stay, many become "repeat" customers, coming back to the same familiar surroundings time and again.
If you don't need to do any major renovations in the house to accommodate this type of establishment, you can be off and running with very little money invested, other than advertising and some new "guest room supplies". If your dream is to buy a bed and breakfast somewhere in a vacation paradise, there are probably houses for sale that will work for this purpose.
4. Childcare
Due to the financial pressures faced by many families today, parents work outside of the home to bring in enough income to pay daily living expenses. A single parent is obviously working but all too often, both members of a two-parent family are in the workforce. This creates a home-based opportunity. Children must be watched, all day if they're not in school, or, otherwise, for a brief time after school before the parents finish work for the day. Most parents want their children immersed in a more stimulating environment than is usual with the average babysitter. You can begin small at home, offering a more stimulating and educational environment setting for client children.
Caring for one additional child may not be that lucrative, but taking care of several children can certainly be a full-time, financially successful business. Often, taking care of several children is made somewhat easier as the youngsters often will play together. You can do this at home for only a small investment in basic equipment and toys for the kids in addition to the advertising of your business.
Due to the financial pressures faced by many families today, parents work outside of the home to bring in enough income to pay daily living expenses. A single parent is obviously working but all too often, both members of a two-parent family are in the workforce. This creates a home-based opportunity. Children must be watched, all day if they're not in school, or, otherwise, for a brief time after school before the parents finish work for the day. Most parents want their children immersed in a more stimulating environment than is usual with the average babysitter. You can begin small at home, offering a more stimulating and educational environment setting for client children.
Caring for one additional child may not be that lucrative, but taking care of several children can certainly be a full-time, financially successful business. Often, taking care of several children is made somewhat easier as the youngsters often will play together. You can do this at home for only a small investment in basic equipment and toys for the kids in addition to the advertising of your business.
5. Computer Specialist
The advent of the computer age has changed the concept of self-employment. Having a computer at home has opened a number of opportunities for running your own business utilizing this equipment. Companies everywhere are "outsourcing" work that can be done by someone else on their computer, out of their own home.
If you are a whiz in computers, you may end up working as a consultant, writing programs for companies. If you are a beginner, you may find yourself able to obtain work as a writer, using your computer to produce copy that is easy to edit. You can also keep accounting and payroll records for companies on your computer's database.
Word processing software can be used not only for writers but for those that can offer secretarial services out of their house. Desktop publishing software can allow you to do newsletters for businesses and other organizations. If you can operate a computer, you can find work in the information age today.
Of course, the advent of the Web has opened a lot of business opportunities for the enterprising individuals. If you have skills in lay-outing and graphic design, you can be a website designer. Website designers earn significant amounts of money nowadays.
The advent of the computer age has changed the concept of self-employment. Having a computer at home has opened a number of opportunities for running your own business utilizing this equipment. Companies everywhere are "outsourcing" work that can be done by someone else on their computer, out of their own home.
If you are a whiz in computers, you may end up working as a consultant, writing programs for companies. If you are a beginner, you may find yourself able to obtain work as a writer, using your computer to produce copy that is easy to edit. You can also keep accounting and payroll records for companies on your computer's database.
Word processing software can be used not only for writers but for those that can offer secretarial services out of their house. Desktop publishing software can allow you to do newsletters for businesses and other organizations. If you can operate a computer, you can find work in the information age today.
Of course, the advent of the Web has opened a lot of business opportunities for the enterprising individuals. If you have skills in lay-outing and graphic design, you can be a website designer. Website designers earn significant amounts of money nowadays.
6. Gardening
If you like working in your garden each year , it's a definite possibility for home-based employment. Imagine clearing a little more space and growing more items that you can sell directly to the consumer. You can produce vegetables, bedding plants, bonzai tree, exotic plants, flower trees, herb, house plants, landscaping plants, orchids and many more.
Most produce stands will buy from you if your product is one of high quality. If you enjoy gardening, this could be your ticket! If you have some more land to use, do it! Plant what you can, when you can! Contact your local produce stands to ascertain their buying habits.
You can even inquire about your own produce stand if you have enough product. The more space you have on your land, the more likely you will be able to generate enough crops to run the business. People love homegrown vegetables. They just do not have the time or want to be bothered doing it themselves. That is your open door!
You can also engage in selling other gardening products and supplies such as compost, earthworms, herb boxes, beneficial bugs, or drip irrigation systems.
7. Importer and Distributor There are a substantial number of products manufactured in other countries that can be bought inexpensively and sold in your country at a profitable level. The Government and the formation of international trade organizations have made it easier to bring in other products from other countries.
This is a business easily operated out of the home, depending on the types of stock you're carrying. You may have to rent some storage space, but the capital required to start should essentially be limited to the products you're buying to sell here.
If you know the type of product you want to import and the market most likely to purchase your goods, you have great potential for a successful home-based business.
This is a business easily operated out of the home, depending on the types of stock you're carrying. You may have to rent some storage space, but the capital required to start should essentially be limited to the products you're buying to sell here.
If you know the type of product you want to import and the market most likely to purchase your goods, you have great potential for a successful home-based business.
8. Interior Decorator Interior decorating is a business that will require you to be mobile, constantly meeting with customers. It offers flexible hours, a good variety of activities, and a very lucrative return. If you have a fascination for decorating a home, this could be your line of work. Many people do not know where to start when they are remodeling or buying a house for the first time.
If you have the knowledge of colors and patterns and what looks good together, plus the expertise of knowing where to get materials and furnishings, this can be a winning home-based business for you. To be able to decorate a room so that it conveys the mood that the homeowner wishes will be your goal. Strive for the skillful, personal touch in all you design.
If you have the knowledge of colors and patterns and what looks good together, plus the expertise of knowing where to get materials and furnishings, this can be a winning home-based business for you. To be able to decorate a room so that it conveys the mood that the homeowner wishes will be your goal. Strive for the skillful, personal touch in all you design.
9. Photographer
The sky is the limit here! Armed with your trusty camera and some good advertising, you can do weddings, models, family portraits, passports, student photos, local newspaper coverage; almost anything that requires a picture!
You can easily start this work, part-time, and work into full-time work based on your success and inclination. Not much equipment is necessary to get going as a camera off the store shelf can often do the trick today. Picking up a tripod and having a room sufficient for developing your pictures, and you're in business -- at home!
The sky is the limit here! Armed with your trusty camera and some good advertising, you can do weddings, models, family portraits, passports, student photos, local newspaper coverage; almost anything that requires a picture!
You can easily start this work, part-time, and work into full-time work based on your success and inclination. Not much equipment is necessary to get going as a camera off the store shelf can often do the trick today. Picking up a tripod and having a room sufficient for developing your pictures, and you're in business -- at home!
10. Sewing and Alterations
Many people love to sew. If you are one of them, consider offering this service out of your home. When someone buys a new outfit, it rarely fits perfectly, meaning some kind of alteration must be done.
People look long and hard to find reliable individuals to do their alterations. If you can sew, you are well on your way to opening the doors of this type of business.
For more information:The Business of Sewing : How to Start, Maintain & Achieve Success by Barbara Wright Sykes
People look long and hard to find reliable individuals to do their alterations. If you can sew, you are well on your way to opening the doors of this type of business.
For more information:The Business of Sewing : How to Start, Maintain & Achieve Success by Barbara Wright Sykes
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