We all of us have been dealing with increasing layoffs, badly run companies going belly up, and never-ending scandals involving wasted money. If you`re older, you`ve likely become part of the growing demographic of Baby Boomers competing for low-end jobs. Fine. None of this is really new.
The enterpreneurial "boom" started really getting noticed in the media a few years ago. Startup Nation is an excellent central source of an incredible amount of information about starting and running a small business. So what ideas would people here have, for those who "suddenly" discover there aren`t any employment options left?
Maybe we could put together a list of basic thoughts, to go along with the more formal step-by-step tutorials through the main site. These would be lessons learned from direct experience. For example:
- Start Right Now! -- Almost every business takes a year or more to get the word out, get organized, get customers and to earn money. During that first couple of years, you likely won`t earn enough to live entirely off the income from the new business.
- Reduce your cost of living -- The less you have to pay in bills and debt, the more you`ll have available to build your business.