The year 2009 will forever be known as the time our nation entered into a recession. The poor economy and the effects of that downward spiral have touched the wealthiest CEO's of Fortune 500 companies all the way down to the cashier at the local Wal-Mart. Americans are losing their jobs at a horrible rate and no one is really sure when it will improve. Large automakers like General Motors and Chrysler have had to let thousands and thousands of employees go because they have lost so much money. For the first time they are facing the thought of completely going under as a company.
The one area of business that appears to be growing, however, are some smaller businesses that have recently began. They are doing away with the middle man in several instances and the owners are maintaining a direct relationship with their customers. DPO's are becoming more widely used than IPO's today as well. A DPO is a direct offering to private placement companies rather than an IPO that is the Initial Public Offering and are a lot more challenging for small companies to obtain.
This article will give you ways on starting your new smaller business started and what to think about before you make your final decision to do so. With a large amount of Americans out of work, they are now starting to think of how they can makemoney by owning their own business. Often the best ideas come from people that noticed a need for a particular thing in their communities as a general consumer.
One great example is of a couple in Denver. They both were downsized and had three small children living in one of the fastest growing suburbs in the country. Just about every home in their community over almost 100,000 people had one or more children. One thing the wife had grown frustrated with was the chore of taking her small children to get their haircuts every month. She did not wish to spend $35 at a nice salon thatdiscouraged small children if they got loud and she got frustrated having to try to keep her kids busy at the less expensive places that often had waiting for over an hour. She felt the real need as a mother to create a children's hair salon in that community. She had salon working experience or anything like it but felt the need for just that in her town. So, she opened Jack and Jill's and as soon as it opened, it was a great success. They have now opened another one in Denver due to their popularity and figuring out a need for a business in a community.
Hopefully, you can have similar result with starting your small business as well. Just find a need in the right location and then do a lot of research|research, research, research in how to get it going. The online resources is a great resource in discovering some of this information.
The one area of business that appears to be growing, however, are some smaller businesses that have recently began. They are doing away with the middle man in several instances and the owners are maintaining a direct relationship with their customers. DPO's are becoming more widely used than IPO's today as well. A DPO is a direct offering to private placement companies rather than an IPO that is the Initial Public Offering and are a lot more challenging for small companies to obtain.
This article will give you ways on starting your new smaller business started and what to think about before you make your final decision to do so. With a large amount of Americans out of work, they are now starting to think of how they can makemoney by owning their own business. Often the best ideas come from people that noticed a need for a particular thing in their communities as a general consumer.
One great example is of a couple in Denver. They both were downsized and had three small children living in one of the fastest growing suburbs in the country. Just about every home in their community over almost 100,000 people had one or more children. One thing the wife had grown frustrated with was the chore of taking her small children to get their haircuts every month. She did not wish to spend $35 at a nice salon thatdiscouraged small children if they got loud and she got frustrated having to try to keep her kids busy at the less expensive places that often had waiting for over an hour. She felt the real need as a mother to create a children's hair salon in that community. She had salon working experience or anything like it but felt the need for just that in her town. So, she opened Jack and Jill's and as soon as it opened, it was a great success. They have now opened another one in Denver due to their popularity and figuring out a need for a business in a community.
Hopefully, you can have similar result with starting your small business as well. Just find a need in the right location and then do a lot of research|research, research, research in how to get it going. The online resources is a great resource in discovering some of this information.
About the Author:
Chuck Stewart found that a ipo was one of the most efficient ways to raise money.He discovered that through traditional means private placement is expensive and difficult to obtain.
No comments:
Post a Comment