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Feb

25

Distressed by the “Jobless Recovery”? Consider Creating Your Own Business By Guest Blogger Ellen Augustine, M.A.

By PatSullivan

While the official unemployment fluctuates around 10%, the real rate is much higher considering those who are no longer counted (e.g., benefits having run out) and people struggling with part-time work.  Many economists feel there will not be a significant surge in jobs before 2012.

What to do?  Perhaps its time to take a closer look at starting your own business. Continue reading this post »

Feb

5

How to Raise Money for Your New Business When You Can’t Get a Business Loan

By PatSullivan

Small business loans used to be fairly easy to get.  All my first business planning client in 1994 needed to get an SBA-backed loan was a well-thought-out idea and credit worthiness (she supplied that), writing skills (I supplied that) and some market research (we figured that out together). She got her loan, quit her day job, then turned her passionate hobby and part-time business of photography into a successful full-time business.

Today, the best most new businesses get from the bank is not a loan but the advice to start a business by bootstrapping.  But what if your bootstraps are kind of puny?  If just can’t get enough from your credit cards, your savings, your family, friends or any payout you got when you were laid off? Continue reading this post »