Employ Yourself

With layoffs continuing and unemployment still high, if you want a job you may have to create one and hire yourself. The state of the economy is prompting many to do just that. New entrepreneurs are using their 401(k) accounts to fund their business startups. Many who are still employed are starting second businesses as a back-up plan in uncertain times.  While there are many challenges to starting your own business, there are  many rewards in doing so. Developing multiple streams of income can be a viable path to job security.

Pay attention to essential steps in starting a business, develop a strategy, weigh the pros and cons, make your decision and you can be up and running within a short timeframe. There are many books available to help you decide on a business that could suit your personality and time schedule in a way that is profitable for you. One book that is straight-forward and a quick read, with useful information, is Running a Side Business: How to Create a Second Income by Richard Stim and Lisa Guerin, J.D. 

If you are planning to multiply your income opportunities, or already have multiple streams of income coming in, share your ideas with us. Your story may be just the right encouragement that someone needs to get moving!

Posted by SustainUsRestoreUs.com at 2/20/2010 1:30 AM
Categories: economic
Tags: challenges entrepreneur business startup using 401(k) to fund business
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