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Jan 08, 2004 -- Entreprenueurial spirit has the SBA broke

Clark has been very fired up about the renewed entrepreneurial spirit spreading across the country. In the past couple of years, a large number of Americans have decided to go out on their own. In fact, so many people are branching out on their own that the Small Business Association has run out of money to lend people. Last fall, it was clear that people were forming businesses at a rapid rate, and the demands on the SBA were off the charts. And Congress never got around to approving more money for the SBA. So, Clark hopes that Congress realizes what’s going on and steps in with some more funding. If you are in corporate America and you would like to get out and go into business for yourself, you may want to consider working part time for someone in that business first. You should try it out for about six months before you go into this business. You want to know if you’ll excel at being the one who calls the shots, or if you’re better off in a corporate setting that is a little more structured. Having your own business is not for everyone.
Also, you should consider some real estate factors when making the decision to start your own business. If you can work out of your home, you can lower the cost of doing business by quite a bit. And, if you’re looking to rent office space, you can get a much better deal these days. You can negotiate and you don't need a lot of space, so don't let the agent talk you into buying too much space.

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What others are saying

  • Starting a business and getting funding
    A friend told me of your web site and I wanted to ask you where is the best place to go to get funding if your personal credit is not so good. I do not have a home to put up for collateral so i am finding it hard to get funded. Any help would be appreciated.
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