Let’s be honest. No one said entrepreneurship was easy. But thinking about opening a business in the middle of a crisis seems to be something even more crazy. For some reason that we don’t fully understand, we human beings are able to draw 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 .
ENTREPRENEURSHIP 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 collectors that overwhelm you and the impotence to pay since your salary is no longer enough make you consider the possibility of starting a business.
Many will tell you that it is illogical to think of setting up a company . Get out of debt first and then try to do something on your own, otherwise, what capital would you start with ?
Personally, I think it doesn’t have to be that way. Well, the natural purpose of entrepreneurship is just that, to lead people to a better standard of living and build a business .it represents freedom, that is why you should not abandon your idea of undertaking.
How to do it?
No one 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 the money well.
UNDERTAKING FOR REASONS OF FAMILY CRISES
It may be that your main motivation for thinking about a business is to help your children or your parents. Many times life surprises us with unexpected situations that weaken us and suddenly we are faced with the dilemma of getting ahead or fainting.
A seperation. A sudden crisis or the birth of a new family member. They are all 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 of single mothers, young teenagers and even older people who in moments of desperation have started a small company and have managed to get ahead financially and emotionally.
And you are not the exception. That’s how it is. You too can overcome and succeed in this stage of crisis. So, if you have a family reason to try, instead of it being an obstacle, convince yourself that it is enough reason to get up and achieve it.
ENTREPRENEURSHIP WHEN YOU ARE UNEMPLOYED
Being unemployed for weeks or even months can be a very frustrating and desperate situation, especially if you are over 30 years old.
Employment opportunities are increasingly scarce and available only to young recent graduates who are paid an increasingly reduced salary.
Having a family at home and not being able to return in the evenings with food 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 ageThere 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 barely 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 UNDERTAKE 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 to do something on your own that will 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 that you be willing to dedicate a few extra hours of your time to make them happen.
1. Multilevel Businesses
For example, you can start by enrolling in a multilevel business. These are the network marketing systems that we all know and that can help you enormously to generate extra income in a short time.
There are several excellent network marketing companies whose systems will not only help you make money but also allow you to maintain a positive mindset that will help 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 Freelancer
Also called freelancers or independent workers, many doors can be opened as long as they work professionally.
You can offer translation services, graphic design, web design, website creation or programming 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, which of course you should do at night or during the hours when you are not attending your job.
4. Start Small
The other alternative is to carry out a small business from your home during the weekends that allow you to generate that additional income that 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 were something simple, we would not even fall for them.
In reality, indebtedness is a matter of lack of financial education and another bit of irresponsibility in managing personal finances . (Sorry, I already said it!)
But being in debt isn’t the end of the world or the unforgivable mortal sin.
But getting out requires more than just regret and repentance. Action required. And although this blog is not directly addressed 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 interest percentage 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
- If necessary make payment agreements, these always release the pressure
- Comply with the payment agreements you make
- Reduce expenses ant
- Make a personal spending budget and stick to 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 falling prey to despair and frustration and focus all your mental energy on finding solutions, finding customers, making sales .
As I said at the beginning, it will not be easy, but if you want it with all your heart, surely you can achieve it!