Wednesday, August 11, 2004

You're not the boss of me!

Be Your Own Boss

Even though the small-business failure rate is daunting, this is an opportune moment for <> budding entrepreneurs. Low interest rates and a still-soft job market have made capital and employees available at affordable rates. Credit is in ample supply, and banks are looking to lend. Factor in strong consumer and government spending and a pent-up demand for new wares by companies, and the picture becomes even more attractive. "I can't imagine a better time, from a broader economic perspective, to start a small business," says Mark Zandi, chief economist of He also points to strengthening sales figures across most industries as another reason to hang out a shingle now: Competition is less tight as many established firms have all the business they can handle.

Yahoo! News (reprinted from US News and World Report)

[cross posted to Jobfiler]

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