Starting a small business in a bad economy is actually a good idea and very well could be a great idea. With unemployment in double digits in most of the country, your only opportunity to find gainful employment could be starting a small business of your own.
With some capital, a lot of elbow grease and some market research, you could be setting yourself and your family up to reap some very strong benefits. For starters, once you start a small business, you are no longer beholden to the guy that signs a paycheck for others every other Friday.
The freedom in knowing that you no longer have to worry about layoffs, cutbacks or the company closing due to poor management is no longer in the back of your mind. You also have the opportunity to choose exactly what you wnat to do for a living as opposed to do what is available in the work force.
With certain tax advantages, your earnings would be going a lot longer way than they would if you were getting a salary, working by the hour or working a piecemeal position. The perks do certainly come in handy when you start your own small business and if you spend a few dollars with a local knowledgeable CPA, you will be astounded and excited.
If fact you will probably be kicking yourself for not starting a small business long ago. So, take some time, do some research and see what small business would be god to open. The variety of products and services to offer make it easy to choose what kind of small business you should start.
And of course, starting a small business is absolutely an American thing to do!