Posts Tagged ‘entrepreneur’

Is Now a Good Time to Start a Small Business?

Posted March 18, 2009 by Bernz

Have you ever had a dream of owning your own business and not having to work for a boss anymore? That is the dream of many employees who wish to have more control over their lives and their finances. With the unprecedented current level of employee layoffs, more people than ever are considering following that dream rather than trying to apply for a new job. Is now really the best time to do that?

Perhaps it’s time for a reality check. Starting a business is often considered to be one method of building wealth. The fact is, however, that 80% of small businesses fail in the first five years, and almost 80% of the ones that survive fail within ten years. Those that make it through the first decade have a solid financial and entrepreneurial foundation that is strong enough to see the business through the tough times. But what if you’re trying to start a business during tough times? It is possible and there is help available.

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Technorati Tags: business opportunity, entrepreneur, making money, small business

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Tags: business opportunity, entrepreneur, making money, small business
Posted in Career, Financial Goals, Investing Basics, Investing Strategies, Loans, Misc, Retirement Planning, Wealth Building | No Comments »

Want to survive the recession? Be your own boss!

Posted December 17, 2008 by Bernz

Continuous layoffs around the country are causing people who have only considered starting a small business or home based business to go ahead and make that leap into business ownership. Congratulations on your investment. You’ve just increased your opportunity for long term sustainability. But before you move forward on your business idea, put a plan in place. A business plan that is. It’s the tool you need to get your business off the ground.

Your business plan identifies your business goals and defines your step-by-step actions to achieve them. A business plan is also critical for raising capital or when you want to create strategic business partnerships, as a well-written business plan will help you secure a bank loan or capital from private investors.