Any country needs a surge of entrepeneurship among the unemployed.
Most unemployed become more unemployable by the day .Except for a few remarkable individuals who have the ability to take control of their financial destiny ,their chances of succeeding in business are slim. School leavers,mainly young people do not have the experience to make a business work. A few have the natural ability and maturity that makes up for this,but they are few and far between.
The answer does not lie in small business,rather in entrepeneurship .Entrepeneurs create employment for others. The real challenge is for individuals to create businesses big and small that are profitable and will stay profitable for a long time. One entrepeneur may create only employment for him or herself. Another may create employment for 20 or 30 other people,while another may create employment for 20,000 or 30,000
.
It is very true that small business has a significant role to play. In the USA 60% of all people work in companies with less than 100 employees and 88% of all new jobs are created by these businesses. In the rest of the world the figures are far worse.
The national need is great .but this knowledge does not help you if you want to start a business---a nation has its needs,you have yours. You need to create something that will be of long term value that will give you financial independence.
The most likely way to personal wealth for you is through having your own business. Their are many ways to set about starting and growing a profitable business. There are many dos and do/nts. Internet marketing is one of the more cost effective means of starting your own business.
Their is no infallible manual by which to start and run a business. There are however excellent courses for sale on the internet, which borrow heavily from the lives,values and thinking of some of the worlds greatest entrepeneurs, which should start to get you thinking of taking control of your financial destiny. .
Internal Control Over Financial
Beyond the primary lending market, there is an alternative
funding source known as the sub-prime or secondary market.
The National Real Estate Investor published its Borrower Trends
Survey in February 2006, which indicates after approaching
banks, 32% of respondents cite private investors as debt sources.
Another world of financing opportunities quick and easy to deal
with and that want to lend to you! According to the 2002 U.S.
Census Bureau there are 271 secondary market financing
establishments, a 22.5 percent increase in comparison to the
1997 survey results. The trend of increase is still developing as
the secondary market gains wide visibility. Private lending,
an alternative you should take into consideration, is a fast and
flexible way to receive funding. An essential difference
between the primary and secondary markets is secondary
markets will accept higher risk and less than perfect credit.
Banks often will decline funds not only to imperfect credit
sources, but also for not owning enough assets. Banks
may also decline your request for a loan if the amount is
not large enough! If you are trying to invest in a new office
building and need the capital to get off to the right start,
don't give up! Research the secondary market and get the
cash to purchase the building you need. If you need cash
flow the secondary market is where you go! The building
blocks to your wealth start with stepping off the beaten
path that traditionally led to banks, credit unions, and
mortgage companies. The secondary lending market has
expanded significantly over the years and accounts for a
great deal of home and business purchases today. A
multitude of business professionals and investors are
seeking opportunities but don't know where to turn.
Let's get back to focusing on our goals and dreams and turn
our backs on glass ceilings and closed doors. It's the
entrepreneurs that make our economy churn. What are you
waiting for? Now is your chance to build businesses and wealth.
I will see you on the early beaches of retirement!
Both John Muller Muller & Hansi are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
John Muller Muller has sinced written about articles on various topics from Self Improvement and Motivation, Sales and Negotiation. John Muller is a retired entrepeneur living on the east coast of South Africa.. John Muller Muller's top article generates over 5400 views. to your Favourites.
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