Latest statistics show that one out of every three Americans is involved in a new or small business. Many of these businesses are small home-based or virtual companies that are revitalizing the U.S. economy and employing over half of the working population, creating more jobs than are being lost through downsizing.
Some people decide they want to start their own business after coming up with a great idea.
Other people know they want to be their own boss, but they don't know what they want to do. If you fall into the latter category, you need to decide what type of business you want to start before you can begin thinking about anything else. Paying attention to your skills and the current entrepreneurial trends may help you decide what type of business to go into. If you are a member of a minority, disabled or a woman, you should be aware of special programs that help small and minority-owned businesses get started. The federal government often limits competition for contractors to small or minority-owned businesses.