Encouraging Words in this Economy
While trolling through the internet, I came upon this GREAT article about Starting Your Own Business in a down economy and had to share it with my readers. It’s a positive read on why “a recession can actually make life easier for entrepreneurs…”

I encourage you to click the link below and read the whole article printed on www.USNews.com. Bandyk gives 5 hot tips for moving into starting your own business.

How to Start Your Own Business and Keep Your Sanity
How can you go from employed to self-employed without going crazy?

Although the economy is in recession, the army of self-employed people is on the rise. According to an annual index published by the Kauffman foundation, a small-business.

research and education group, a slightly higher percentage of Americans started their own businesses each month in 2008 than they did in 2007. So what are these people doing to make money? The Kauffman Index indicates that most of these startups are not high-profit, capital-intensive firms—they’re more humble outfits. Molly Gordon, an author and business coach for professionals trying to break out on their own, says business “quadrupled” between January and March. Many of her new clients—who were recently laid off—are now consultants for large businesses.

“In a recession, there are companies and individuals who may be trimming back their investments in higher cost resources, and who may be laying off internal staff,” says Gordon. Low-cost, single-person operations can fill that gap. (read the rest of the article)

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