Being unemployed is not fun as a matter of fact it’s during this time that you need the most support. One of the ways that Your Passionate Business is supporting you is by connecting with you via social media. You can connect with YPB in the following ways:
- Connect on Facebook: Receive tips and tools via Facebook Fanpage
- Connect on LinkedIn: Employee to Entrepreneur group on LinkedIn
- Connect on Twitter: Tweet with us and connect with others
YPB has been watching the unemployment trends from the Bureau of Labor Statistics (BLS/www.bls.gov). BLS just released their information about the unemployed for July 2010 and unfortunately the numbers did not improve. Both the numbers of unemployed persons, at 14.6 million, and the unemployment rate, at 9.5 percent, were unchanged in July.
This is alarming because it basically means that the status for the unemployed did not improve. Can a solution be created that would help improve the numbers? What can be done for the unemployed to improve their situation? One thing that can be done is to show them how to start a business whether it is online or offline.
A few more statistics were:
Among the major worker groups, the unemployment rate for adult men (9.7 percent), adult women (7.9 percent), teenagers (26.1 percent), whites (8.6 percent), blacks (15.6 percent), and Hispanics (12.1 percent) showed little or no change in July. The jobless rate for Asians was 8.2 percent, not seasonally adjusted. In July, the number of long-term unemployed (those jobless for 27 weeks and over) was little changed at 6.6 million. These individuals made up 44.9 percent of unemployed persons.
With 44.9 percent of the unemployed people being on long-term unemployment benefit, one way to create a solution would be to start researching for ways to start their own business. Research is suggested as the starting point because it will help you create a firm foundation. It will help you determine what industry will be best for you to start a business in and can help you become focused.
Below are the 5 tips you should keep in mind while doing your research:
- Create a list of skills or tasks that you like to do that you could turn into a business.
- Start with a subject that you are familiar with so that you can create a firm foundation from it.
- Use resources like the public library or online information portals like SCORE.org or SBA.gov to gather information and statistics.
- Make sure that you compile all the information you gather into a document or notebook so that you can keep it handy.
- Don’t be afraid to ask for help by contacting industry experts. They could help you fine-tune your business idea and even help you get started.
Participate as a Huddle Group member
(YPB mastermind group)
You will receive guidance to start your business, access to group calls,
access to Huddle group forums, access to downloadable eBooks to help you get started,
AND MUCH MORE!
Connect with YPB via Social Media
Connect on Facebook
Receive tips and tools via Facebook Fanpage
Connect on LinkedIn
Employee to Entrepreneur group on LinkedIn
Connect on Twitter
Tweet with us and connect with others
Stay positive while developing your new business even though unemployment can be disappointing and disheartening starting a business could be your solution. This could become a sustaining factor for you. To encourage you to develop a business, below is a video of someone who started a business at a young age to help his family come out of poverty.