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Amidst the current economic climate, job security, or more aptly lack thereof, is at the top of many people’s minds. Workers are hunkering down, just trying to avoid the next round of layoffs, while others have already had their jobs cut.
But there is another way, and for many it turns out to be more steady, more secure and wildly more rewarding than working for some else, and that is starting a business of their own.
Ironically, while many people are hesitant to start their own business now because of the shaky economy, Americans see entrepreneurs as the answer to the financial crisis, according to a survey by the Ewing Marion Kauffman Foundation.
“Americans in big numbers are looking to entrepreneurs to rally the economy,” said Carl Schramm, president and chief executive officer of the Kauffman Foundation. “More than 70 per cent of voters say the health of the economy depends on the success of entrepreneurs, and a full 80 per cent want to see the government use its resources to actively encourage entrepreneurship in America.”
Second Acts
Unfortunately, while 49 per cent of those surveyed said they saw opportunities for entrepreneurial ideas in the current economy, only 26 percent said they would actually consider starting a business within the next five years.
If you’re thinking of becoming one of them, what do you need to know to succeed?
The 10 Top Tips Every Entrepreneur Needs to Succeed
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