This week is the beginning of the harried holiday shopping season. We’ll be hearing up and down reports about how people are spending their money (or not) for the next five weeks. The official start is the Friday after Thanksgiving, also known as Black Friday because it’s an indicator of how holiday sales will flow.
But I want to talk about another Black Friday that’s already begun. One that seems to happen every year around this time. And it typically gives birth to a whole new batch of entrepreneurs. I’m talking about corporate layoffs. The announcement today that GM will be laying off 30,000 workers is more than likely only the beginning as the big guys shed that which takes the biggest chunk of profits — employee salaries.
So for those of you who are reading this because you just became an entrepreneur, here’s the very best advice I can give you to start.
The best thing you can do for yourself right now is to pay a visit to the Small Business Administration (SBA) Web Site. There are tons of articles and FAQs there that will help you with your questions. They also offer an online consulting Q&A service.
There is probably a Small Business Development Center (SBDC) close to you. Look them up in the yellow pages and pay them a visit. The services are extremely low cost (or free) and they can guide you through the process.
Also take a few minutes to check out the Service Corp of Retired Executives (SCORE) web site. They are also associated with the SBA and can be helpful to you. There should be either an SBDC or SCORE office in your area.
And last, I wish you good luck! The life of an entrepreneur is an exciting one. Thanks for joining our ranks.