Let’s be honest.
Nobody said entrepreneurship was easy. But think about open a business in the middle of a crisis it seems to be something even more crazy.
For some reason that we do not fully understand, human beings are capable of drawing strength and a huge dose of creativity when things look darker.
Whether you are going through a debt crisis, family disintegration, health problems or any other reason, I am sure that this post will be of great help to overcome and far from abandoning your dream, take that big step and start your business.
Undertaking in the Middle of Debt
One of the main reasons why we often want to start a business is because we have a lot of debt.
The desperation to get rid of those annoying bill collectors that overwhelm you and the impotence to pay since your salary is no longer enough make you consider the possibility of undertaking.
Many will tell you that it is illogical to think about start a business. That you first get out of debt and then try to do something on your own because otherwise, with what capital would you start?
Personally, I think it doesn’t have to be that way. Well, the natural purpose of entrepreneurship is just that, to bring people to a better standard of living and build a business represents freedom, that is why you should not abandon your idea of entrepreneurship.
How to do it?
Nobody says it will be easy. On the contrary, you will need to dedicate a lot of time and effort since money will be a very scarce resource. Focus on service businesses or that you can do part-time. Start small and use money well.
Remember that in this period of crisis, every penny counts.
See: Business Services To Start With Little Money
Undertaking for Family Crisis Reasons
Maybe your main motivation for thinking about an enterprise is to get your children, or your parents, ahead. Many times life surprises us with unexpected situations that weaken us and suddenly we are faced with the dilemma of getting ahead or failing.
A seperation. A sudden crisis or the birth of a new family member. All are situations that demand action to overcome.
This point reminds me that one of the most wonderful things about writing this blog is the countless messages I receive from all over the world with wonderful stories from single mothers, young teenagers and even older people who in moments of despair have started a small business and they have managed to get ahead financially and emotionally.
And you are not the exception. So is. You too can overcome and come out successfully from this stage of crisis. So if you have a familiar reason to try, instead of being an obstacle, convince yourself that it is reason enough to get up and do it. [twitéalo]
Undertaking When Unemployed
Being unemployed for weeks or even months can be a very frustrating and desperate situation, especially if you are in your 30s.
Employment opportunities are increasingly scarce and available only to young recent graduates who are paid increasingly low wages.
Having a family at home and not being able to return in the evening with a livelihood is something that weakens the strength and dignity of a man. If you are going through a situation like this, you should know that you are not the first and you will not be the last.
Few things can affect a person’s self-esteem as much as a lack of work. But I have good news for you.
In the digital age there are many possibilities that you may not know about. Today it is possible to undertake alone and be successful.
Many have managed to start their businesses in this situation with hardly a penny of capital and have managed to improve themselves and even build valuable companies. You will certainly need a lot of learning and start making a plan as soon as possible.
Many online businesses require very little investment and are available to anyone.
So, How to Start a Business in Difficult Times?
As I mentioned at the beginning, it will not be easy. You will need a double dose of effort, work, determination and a lot of courage to achieve it. But it is possible. First, try doing something on your own to help reduce the pressure of debt.
There are some things that can be done without having to make a major investment and that especially require you to be willing to put in some extra hours of your time to make them produce.
1. Multilevel Business
For example, you can start by signing up for a multilevel business. These are the network marketing systems that we all know and that can help you enormously to generate an extra income in a short time.
There are several excellent MLM companies whose systems will not only help you make money but also allow you to maintain a positive mindset that helps you get ahead.
2. Start an Internet Business
As I have mentioned extensively in this blog, there are many businesses that you can start on the Internet with very little investment and that can help you get out of debt.
For example, you can consider affiliate systems, create your own blog, or work as a copywriter writing articles, if you like to write.
3. Work as a Freelance
Also called freelancers or freelancers, many doors can open as long as they work professionally.
You can offer translation services, graphic design, web design, website creation or program implementation through the different existing networks for freelancers.
Here are some recommendations if you want to give a lot of value to this kind of work as a freelancer that of course you should do at night or during the hours when you are not attending your job.
4. Start with a Small Business
The other alternative is to perform a small business from your home during the weekends that allow you to generate that additional income you need. Here are some micro-enterprises that may be useful to you.
How to get out of debt?
Of course, the issue of getting out of debt is quite complex. If it was something simple, we wouldn’t even fall for them.
In reality, indebtedness is a matter of lack of financial education and another bit of irresponsibility in the management of personal finances. (Sorry, I already said it!)
But being in debt is not the end of the world or the unforgivable mortal sin.
But getting out requires more than regret and regret. Action is required. And although this blog is not directed directly to this topic, I recommend you follow some of the following tips:
- Rank your debts, from the strongest to the weakest in relation to the percentage of interest you are paying
- Every extra money you have, use it to pay off the strongest debt
- Set as your first objective to get out of the one that represents the most complications for you
- If necessary, make payment agreements, they always release the pressure
- Comply with the payment agreements you make
- Reduce ant expenses
- Make a personal budget of expenses and respect it
Of course, to achieve this you need to turn off the television and dedicate yourself to doing something for yourself and your family from now on. Stop spending on what you don’t need and commit to being financially free.
Especially you should stop once and for all those vices that prevent you from getting ahead. Avoid being a prey to despair and frustration and focus all your mental energy on finding solutions, on finding clients, on making sales.
As I said at the beginning, it will not be easy, but if you want it with all your heart, you can surely achieve it!