Added: Dec 14, 2011

From: royandsherrycurtis

Duration: 7:43

http://successwithroyandsherry.co,?t=v50 Economy today in poor shape Know business closures or scale back Store front is most affected from any recession Other store front businesses seem to grow Look what the movie industry did in the '30's depression Grocery store closed -- church Electronic businesses slowly gaining Internet marketing Ordering on line Business on line via email etc In spite of suppressed business opportunity Some industries do grow Todays business environment landscape drastically changed Two of Auto industry under more government control (not doing well) Third showing signs, but manufacturing sent overseas Multiple highly skilled people out of work or drastically under-employed If you're thinking about starting a new business, you might consider 1. Low starting costs. Consider ROI 2. Store front vs electronic 3. What is needed, not what is surplus 4. Suggestions -- Auto parts, alcohol, sugar 5. Service industry -- keep the washer and dryer one more year 6. Floor cover cleaning vs replacement 7. Check tax adviser -- be careful of government trust The late Paul Harvey said it best -- "RECESSIONS RETEACH RESOURCEFULNESS". Buy used equipment if possible. The market is flooded with used furniture and office equipment as businesses shot down and close their doors. Look for closing business announcements Craigslist or in eBay for some bargain offers - check into membership discounts. Start your business as a side venture. Keep your current job or continue your job search. (8 tips for starting a business while you're still employed) 1. Put your job first. You need income to pay the bills. Keep those things in mind. 2. If need be, hire help 3. Balance your time. Meshing a work schedule with a new enterprise can be a nightmare. 4. Maybe (?) - your boss knows your plans. 5. Never meet with people before work. Conditions can make you late 6. Prepare your family. 7. Be patient 8. Stay focused on your job - You can't predict how long it will be. Further help: 7 business building basics for first time business owners: 1. Build your business around your knowledge. It will get you thru the tough times. 2. Find an existing need in the market, and fill it 3. Get a mentor 4. Put together a long time business plan -- plan for the future -- make detailed goals with specific steps 5. Get financing; do your research very carefully. a. small business administration might 6. Structure your new business correctly. Get help 7. handshake --- bad idea, bad business. Don't do it. Lastly, be very sure to check into all laws, rules and regulations get proper licensing info and other requirements before making any last decision. You may find a lot of obstacles and have to modify your plans accordingly. Internet Marketing is one way, work in comfort from home.

Channel: Education

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