6 Tips For Starting a Business Despite the Recession

The daily news of doom and gloom about the currenton your top 5 business ideas. Also look for potential
recession and the financial challenges facing the worldrole models of women who have already built a
might convince you that now is not the best of timessuccessful business in these areas. You might want
for a mom to start a business. But despite the hardcontact them later to ask for an information interview
times, many moms are doing just that.to find out more about the ins and outs of a specific
After all, if you have been let go or can't find a job inbusiness.
the current economy, what have you really got to lose4. Now, based on the information you've collected,
by starting your own business now? Why not chasewrite a short summary of your business ideas and the
your own dreams, rather than be dependent onpotential income for each. Be sure to include the links
another employer? Why not just take control of theto resource sites, books, and the role models you've
helm yourself?found. Think of these as a short pitch you might make
Because if you have a computer, a network ofto an investor to get them interested in your idea.
contacts and some marketable skills, you can launch5. Assemble a focus group: people you trust who will
your business from home with very little money andsupport you in your entrepreneurial efforts and who will
use your passion and sweat equity to make it agive you good feedback and advice. Do a
success.presentation of your business summaries to them and
But first, you need to do some planning and schemingask for their input. Do not dismiss any of their ideas or
to find the best business for you. Here's some tips tocomments. Just listen to what they say and write
get you started:everything down for further review later.
1. Make a list of your current assets. Include equipmentNote: It's best to select people who are already
like computers, printers, and cell phones; skills like writing,successfully self-employed themselves. You want a
editing, web design, organizing; expertise with softwarenurturing and informed group of people to help you
programs and computers; a list of your network ofevaluate your ideas. People who have never been
personal and industry contacts; and the amount ofself-employed often have negative and unfounded
capital you could invest in your business.ideas about starting a business and will project their
2. Brainstorm ideas for the kind of business you wantfears to you.
to start. Don't edit the ideas as you write them down,6. Finally, review all the information and input you've
just keep going and list as many as you can. Then putselected and choose the business you want to start.
the list away for a day and come back to it and thenThe best business for you will usually be the one that
pick the top 5 ideas that excite you the most.intersects on your points of passion, skills, and
3. Do some Internet research using Google andresources.
Amazon to find web sites, books, and blogs that focus