Does Small Business Ownership Provide a Viable Option to a "real" 5 day a week job?

By
Real Estate Agent - Cummings & Co. Realtors
Small business is the back bone of the American economy and yet few unemployed workers consider business ownership as an option when layed off from work. The reasons for this are obvious: most do not have resources to invest or working capital to support themselves while a business develops; others have poor credit making it difficult to get a business loan, many simply don't have the interest in becoming an entrepreneur. In addition, the educational system in this country treats its graduates to be 'employees', not business owners, so it seldom occurs to the average graduate to move in that direction. For "downsized" workers with accumulated savings,severance pay or early retirement benefits and an entrepreneurial spirit, business ownership may be an attractive option to "underemployment", unemployment or relocation. What to buy??? It depends on your interests, experience and financial capacity. An internet search can help you search for businessesin different industries. Find what interests you and talk to some people in the field. If you want to take it to the next level, contact a local small business office to find out what resources are available to help acquire a business. Franchisors or licensors often include training as part of the fee they charge. Many small businesses will train a buyer and many also be willing to provide some seller financing. There are opportunities in every market. The trick is to find one that is right for you.
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