Jump Start Your Entrepreneurship

The Dallas Morning News, March 20, 2011, edition has an article by  Christine Durst and Michael Haaren of Creators Syndicate, “Jump Start Your Entrepreneurship Engine,” on page 1J.  The article states that many employment experts are urging individuals to consider entrepreneurship in their career planning. The article points out that numerous companies are gradually shifting toward an independent-contractor workforce and away from employees. Our nation in the old days, before the Industrial Revolution, was a nation of entrepreneurs such as farmers, cowboys, blacksmiths, shopkeepers, fisherman, undertakers, and so on.

I suppose the many unknowns including employment legal requirements, the uncertain economic times, and the cost of capital are at least three reasons why employers are reluctant to hire additional employees.  As previous owner of a contract computer programming business, I can appreciate how attractive independent contractors can be to an organization.

However, before becoming an independent or entrepreneurial opening your own business, one should do his/her homework.  As a Score counselor, I frequently counsel with individuals contemplating opening their own business or becoming an independent contractor.  It is most important that an individual plan to operate a business 3 – 6 months before it will generate sustainable income.  Further, he/she must have a comprehensive business plan including financial and sales projections.

Before starting out on your own, I suggest that you visit Score’s website:  www.score.org  and make an appointment with a Score counselor.  The advice and assistance that you receive will cost you only your time, but it may be the most valuable time you will ever spend.

  

Please share with readers of this blog your experience in becoming an   entrepreneur. 

Thanks!  Glyn