Are you Ready?
As many of my friends graduate from college, I’m able to watch what takes place in their lives post graduating. The majority of them are out looking for jobs or have already found a job and the others are either considering traveling or getting back in school to pursue further education. Both of these paths are using the decision making process that our brain goes through before we move forward in life. Staying to get your MBA is suppose to earn you more, but you miss the opportunity over the time in school to find those jobs. Jumping right into a career might be impulsive during this economic downturn and you might regret it 6 months from now. So what to do? Well for me I know that my lifestyle of an entrepreneur is not what you want to hear but might be the right thing to do.
You might have considered trying something on your own – Perhaps owning a local boutique, restaurant, online business, etc. The problem most people run into is their risk level (wall) comes up and says to you – “Don’t do that, it might be too risky”
Not all of us have the need to take some of the risk associated with owning a business but all of us have the opportunity to start something – Even if it’s small at first! Here are some tips of raising some start up funds”
Entrepreneur Start-Ups said, With the economy in the grips of a major recession and credit crunch, many entrepreneurs have little choice but to tap friends and family members for their startup capital. But that doesn’t mean you should treat them like “friends and family.”
Nobody gives you money to start a business. People either loan you money–which you must pay back with interest over a specified time period–or they make an equity investment in your business–buying the right to receive a percentage of your future profits. Without proper documentation, there’s no way of knowing whether your uncle is making a loan or an investment. If your business becomes successful, he will want a piece of the action. If your business fails, he will want his money back with interest.
Let’s talk about how you can get started!!
