Thursday, March 6, 2008

Home Forclosures, Warren Buffet, Oil Prices and Obama - Why Should You Consider Starting A Business Now?

In today's news, home foreclosures have reached record highs, Warren Buffet has usurped Microsoft's Bill Gates as the most obscenely rich man, oil prices have hit another record high, retailers are encouraged because a few consumers eased up on the stranglehold they've had on their purse strings for the last six months, and Obama and Hillary are still duking it out while Senator McCain waits to see who'll make it into the ring for the final bout. Whew! There's a lot of stuff going on.

I was not the best math student when I was in school. Unlike some of my more astute counterparts, I didn't enjoy trying to solve theorems and spacial equations, so it's sometimes harder for me to look at a group of events and see how they're interrelated; to discern cause and effect. It's enough for me to know that all of the seemingly unrelated events are indeed related to one another, and what happens in one area will most certainly leave a "footprint" or effect in another.

I do know this: For the "average" person, money is harder to come by and harder to keep. These days, it seems much more difficult to adequately provide for a family of four than it has been in the recent past. The necessities are less affordable, and the list of things that are considered luxuries continually grows. I am more convinced that now, more than at any other time, is a time when you should be taking action as an entrepreneur.

If you've ever had interest in owning your own business, now is the time to pursue it. In light of current events, our national and the world economy, the position and activities of business leaders and corporations, the state of and expense of things like family healthcare, it's time to consider "doing your own thing".

While some may think my reasoning is a bit backwards given the times, I assure you it's not. Why would someone attempt to develop their own business when the overall outlook is not so rosy? My answer is this. Who is more likely to have your interests and that of your family at heart? You or a corporation. You or a supervisor who has thirty other people and tons of various objectives to consider and meet? You or an employer whose business may not be performing as profitably as it was a few years ago?

It's always interesting to me that in bad times, or less-than-great-times, people are so quick to entrust all of their wellbeing and that of their families to people who may be least likely to act in their best interests. And for some insane reason, that makes them feel more secure.

Successful entrepreneurship is hard. It requires hard work. But consider the possibilities, and consider what may be the real benefits. How much better off could you be in positioning yourself to be more in control of your circumstances and your future?

Think about it.

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