Scenario 1 – You just got out of a meeting with your boss and the HR representative. Surprise! Your job has been “eliminated”.
Scenario 2 – You retired early from your first career and still feel like working.
Scenario 3 – You hate your job and want to work for yourself.
In all three scenarios you have a choice to make – do you start your own business or try to get hired by an employer?
With over 50% of all business with employees currently in the ownership hands of the Baby Boomer Generation, our society is poised to experience one of the greatest transfers of capital ever.
In New York State alone, that translates to 181,370 businesses employing 1.6M people (from a Project Equity report using US Census, 2012 Survey of Business Owners).
With the New Year upon us, it is a time of reflection. We look back on our achievements and shortcomings from the past year.
Most of us have a desire to make changes and set goals for the New Year. Many people will decide 2017 is the year to pursue their passion and turn it into a business.
Before you take the plunge, quit your job, and dive into an entrepreneurial endeavor of any magnitude, take time to reflect on, and explore, key issues to make sure that your business idea is feasible and needed in the marketplace. Here are some important issues to consider and steps you can take.
What does MWBE stand for and what does it mean for your business?
Minority and Women Owned Business Enterprises can be a great way to open up many new business opportunities within your industry. No, grants are not something you will automatically get with having this certification and no, it does not ensure you will get a bid on a job you are going for but, it will give you an edge over a company who is not certified and is trying to get opportunities with the government.
Ok, still confused by what it really means for you?
Yes, a business plan requires research in order to be a viable document.
Better to write nothing than to waste time committing to paper a lot of thoughts, such as “I think,” “I assume,” and “I heard.”
After all, this is your business you are describing; what do you know?
Onondaga Small Business Development Center. Partnership Program with the SBA, administered by the State University of New York. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. All SBA funded programs are extended to the public on a nondiscriminatory basis.