What do Apple Computer, Hershey’s, Mary Kay Cosmetics, and the Ford Motor Company have in common? These well-known corporations all started out as home based businesses. In fact, more than half of all U.S. businesses are based out of an owner’s home.
Source:SBA.Gov
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Home Based Business
Home Based Business
Source: www.carlvanderpal.com
Affiliate Marketing / Ebay Seller
One of the lowest cost home based businesses to start is an affiliate marketing business, especially if you want your home based business to be internet-based. It could be as simple as setting up a blog and reviewing products in certain niche markets, or alternatively you could learn how to sell items on Ebay for friends around the neighborhood and take a commission for doing so. The possibilities are endless.
Job Trends
Increasingly, perhaps, a job is something that we each have to create. We can’t count on someone else to create one for us. That model is disappearing. We have to carve something out for ourselves, something that the machines won’t immediately grab.
- Phil Bowermaster
Young Entrepreneurs Create Their Own Jobs
Written by Dylan Reid and Victoria Schramm
TheHuffingtonPost.com 04/26/11
As June approaches, the million and a half students set to graduate from college in the U.S. this year likely have just one thing are their mind: the job market.
For each of these students faced with an uncertain, unstable or imprudent future, there will be a strong impulse to pursue the safest path, often on the periphery of their passions. So to all this year’s graduates wavering between boring job prospects and graduate school admissions, debating backpacking trips across Europe or Latin American missions with the Peace Corps, we propose an alternative. Instead of looking for a job: create your own. READ MORE
Safety Net Quote of the Week
In uncertain economic times, it’s a bad idea to rely solely on the paycheck from your employer. If your company goes under, you’re going to sink too. A side business can help provide a safety net. It lets you save up an emergency fund, and it provides a stream of regular income which isn’t tied to your day job. You may even be able to grow your side business to the point where it can support you and your family.
Graduate Entrepreneurs-The New Trend
Suzanne Shaffer Education Today
Graduation is quickly approaching for many college students across the country. They will be facing an unstable job market with only a slight sign of recovery. But for many, the competition will be fierce, leaving them with few options after graduation. Many have labeled this the “boomerang” generation—faced with few job prospects and mounting debt, many graduates are forced to move back home with their parents.
Spurred by a tough economy and stiff competition, a growing number of graduates are considering entrepreneurial endeavors. With today’s increased social media exposure and small internet startup costs, graduates are stepping out into entrepreneurial waters by taking advantage of innovative business ideas and concepts. Some experts believe that the success of Mark Zuckerberg and Facebook has put “pie in the sky” visions into the eyes of young college graduates. Others are quick to point out that these successes are few and far between. However, if being your own boss, working long hours, and making financial sacrifices appeals to you, you should consider entrepreneurship.To read the complete article, please click here
Safety Net Quote of the Week
Rising Entrepreneurship Reflects Poor Job Prospects
More people are starting businesses but fewer of them are hiring employees, according to a report released today by the Kauffman Foundation.
It is important to realize that these individuals find themselves in a situation where they had to create a way out instead of waiting for help to come. When people are in a survival mode, all they can think about is keeping them afloat and not looking to create jobs.
K S Robinson
The Growth of Black-Owned Businesses: Entrepreneurship by Necessity
Written by Marc H. Morial: Black Voice News
(NNPA) “I had to make my own living and my own opportunity! But I made it! Don’t sit down and wait for the opportunities to come. Get up and make them!” – Madam C.J. Walker, trailblazing African American businesswoman.
There is a silver lining in the dark cloud of the great recession. A new Census Bureau report reveals that from 2002 to 2007 the number of Black-owned businesses in the United States increased by 60.5 percent to 1.9 million – more than triple the national rate. According to Census Bureau Deputy Director, Thomas Mesenbourg, “Black-owned businesses continued to be one of the fastest growing segments of our economy, showing rapid growth in both the number of businesses and total sales during this time period.” To read the complete article, please click here
Entrepreneurship program ‘maxed out’
Written by Michael Chuhe Eye Opener.com
Ryerson’s entrepreneurship and strategy program is being stretched to the limits as students vie for an edge in workplace skills.
The program, the largest of its kind in Canada with more than 500 students, has proved popular, as many have flocked to the program.
“We are absolutely maxed out on our ability to give quality teaching to all these interested students,” said David Valliere, chair of the Entrepreneurship and Strategy program.
“More and more students realize the importance of entrepreneurial thinking for taking charge of their future careers,” said Valliere. To read the complete article, please click here
Safety Net Quote of the Week
“The best way to solve the current problem of unemployment is by ensuring that students in institutions of higher learning undertake compulsory entrepreneurship study.”
Minister of Education Prof. Ruquyyatu Ahmed Rufa’
Global think tank champions entrepreneurship
By Joanne Chan: Singapore News
SINGAPORE: Demand for jobs from a growing world population and providing economic opportunities for the poor or disadvantaged are pressing issues that will need more attention from countries over the next 40 years.
One global think tank believes the solution lies in entrepreneurship.
Ong Soy Moy suffered a stroke ten years ago and had to stop working as a food-stall helper.
Although she receives money from her children who live abroad, the 82-year-old prefers to continue working.
Madam Ong said: “It helps to pass time. I have nothing to do at home – watching TV is no good for me.”
Madam Ong spends her days sewing patchwork quilts and sells them via social enterprise Teddy Thotz to earn extra money.
Teddy Thotz provides the materials free of charge and gives 50 per cent of the profit back to Madam Ong. She earns about S$200 to S$300 a month from this venture.
The hand-made products made by Madam Ong are sold at the crafts market in VivoCity. The first social enterprise market was started four years ago to provide a platform for the less privileged to earn a living. Since then, it has earned more than half a million dollars.
Tenants pay a fraction of rental rates, which helps to sustain the business.
Elim Chew, founding director of Social Innovation Park, said: “The next thing forward is to create market space in different parts of the world where shopping malls will come out as a form of CSR (corporate social responsibility) … to sponsor the space.”
Providing retail facilities at low-cost is one recommendation from think tank World Entrepreneurship Forum to encourage business creation among the less fortunate.
Patrick Molle, co-president, World Entrepreneurship Forum, said: “Entrepreneurship is about developing business, it’s about developing value. What the world needs in the future is jobs for people.”
Into its fourth year, the forum is a platform to share best practices in entrepreneurship. It will be held in Singapore – the first time in Asia – this November.
The Coming Entrepreneurship Boom
Several facts have emerged in the course of Kauffman Foundation research that indicate the United States might be on the cusp of an entrepreneurship boom—not in spite of an aging population but because of it. This study shows that as the economic recession plagues the job market, more and more “baby-boomers” are becoming entrepreneurs. The decline of lifetime employment, the experience and knowledge of the age group, longer lifespan, and the effect of the current recession are all factors contributing to the increase in entrepreneurial activity in the baby boom generation. The study was conducted by Dane Stangler, senior analyst at the Kauffman Foundation.
Key findings: In every single year from 1996 to 2007, Americans between the ages of 55 and 64 had a higher rate of entrepreneurial activity than those aged 20-34, averaging a rate of entrepreneurial activity roughly one-third larger than their youngest counterparts.
- The 20-34 age bracket has the lowest rate of entrepreneurial activity.
- Long-term employment has fallen dramatically for people ages 35-64 over the past fifty years.
- With longer life expectancies and greater health in later life, older generations may continue to start new firms—or mentor young entrepreneurs.
- Since the first Internet-era recession, transaction costs and barriers to entry have fallen for entrepreneurs of every age. Ewing Marion Kauffman Foundation.
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