3 Things You Should Know About Small Business: June 18
NEW YORK (TheStreet) -- What's happening in small business today?
1. Which states are bucking employment trends? North Dakota, Utah and Texas will likely be economic leaders in the next decade, according to The Washington Times' citation of a report by the U.S. Chamber of Commerce.
According to the report, these best-situated states had export and energy growth as well as increases in math, science and tech jobs. The other top states included Virginia, Wyoming, Washington, Maryland, Colorado, South Dakota and Massachusetts.
2. Are you really fit to be self-employed? Self-employment can provide a path for burned-out or unemployed workers, but there are issues to consider before making the jump. Would-be business owners should be clear on why they want to work for themselves and sure they're disciplined enough to leave a corporate environment and can handle wearing different hats -- at least in the beginning, according to Small Business Trends.
The article offers other things to consider: Can you support yourself financially while the business gets going? Are you truly willing to sacrifice a normal 9-to-5 schedule with four weeks of paid vacation? Finally, are you passionate about the business?
"Of course, remember that the market isn't necessarily concerned if you are fulfilling your lifelong dream. Customers spend money on products and services that fulfill their own needs and desires. To turn a profit, focus on how your passion can make a difference to others," the article says.
3. Sign up for SCORE's webinar on getting funding for your business. SCORE is holding a webinar on "How to Fund a Business Without Ruining Your Personal Credit" at 1 p.m. EST June 28.
The presentation will be hosted by Walter Good of BusinessFundability.com. He will discuss the best and safest ways for entrepreneurs to navigate the funding and credit needs of their business, including: strategies that result in two to three times the amount of personally secured credit available to your business; alternative cash funding solutions; proven ways to make your business more fundable; and strategies to avoid damaging your personal credit.