21September 2009
Now may actually be the best time to start a small business. I know that seems crazy, but the recession has created some opportunities to strike out on your own. It seems that a lot of people are doing just that.
If you’re one of the unfortunate ones who have lost your job, don’t waste your time. Look at it as an opportunity. I’m not insensitive to those who have family members to support, but try to think outside the box and see what opportunities may be right in front of you.
Businesses such as photography, day care centers, restaurants may be an idea. What are your hobbies that may make an interesting and profitable business? There’s an old saying, “Do what you love and the money will follow.”
But how do you get started? The first thing you might do is to look for help. There are a number of sources available like SCORE, the Small Business Administration, etc. There are any number of books in the library or book stores on how to start a variety of businesses. There are also a lot of resources on the internet, but be cautious. There are a lot of scams on the internet right now that prey on people who are desperate. You may also hire an independent business coach to help you brainstorm your ideas and put them into a business plan.
Take an honest look at your personality as well. Are you self disciplined enough to own your own business?