Monday, October 27, 2008

Start A Credit Counseling Business

Unfortunately the economic crisis has put a lot of people in financial straights . People who once had good or decent credit are seeing their credit rating being destroyed. Many have been laid off and can no longer afford to pay even the minimum balance on their credit cards or have fallen behind on their car payments. These people probably never had a need for this service but are now actively looking. This has provided an opening for anyone who is looking for a recession proof business.

You don't have to have a degree in finance or have a license to help those in need. All you need is the willingness to know how to help other maneuver the confusing world of credit and collections. Their are many free resources online that will outline to the Savvy Entrepreneur on not only how to effectively help other repair their credit but how to start a credit repair business. There are many large companies that offer this service and you may think that would cut you out of successfully carving out a place for the small business owner but that is not true. There is a niche of customers who like to do business with people they can interact with on a face to face basis.

Target these people. It can be as simple as offering services to churches in your community or leave business cards everywhere including with local bank managers, car dealers or real estate agents who deal with people who fail to get loans based on their credit. Once you have established yourself as a competent Credit Counselor, the sky is the limit. Remember these people are more than likely are struggling financially and you will be another expense that they think they can't afford. Your job is to point out to them how invaluable your services are and how they will benefit. So for the Savvy African American Entrepreneur with the desire to not only make a decent living but help others, this is a good business to start.

Start A Credit/Debt Repair Agency

Credit Secrets Bible

Credit Repair Magic

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Thursday, October 23, 2008

Start A Recession Proof Business

I have not written on this blog for quite a while because real life kind of got in the way but since the economic crisis which many of us have already been suffering under has been front and center, I decided to recommit to this blog. With unemployment rate steadily climbing many people are looking for alternate ways of making money just to make ends meet. Lately I have been spending time on a very popular political progressive blog site called dailykos, which has been a beacon for those who are supporting change and the Obama Platform. Although it is a political blog, real life stories of people being laid off or not being able to find employment has spurned me anew.

The big question that many people are asking is: "Is now a good time to start a business when money is short and our country is the midst of an economic crisis?" I'm biased because I believe other than a being educated in a highly niched marked, entrepreneurship, especially in the African American community is the only way to grab a hold of the "American Dream". I have listed quite a few business on my blogs that on second look can be formated for the new economy. My blog will now focus on business that can be considered recession proof or just good business to start in this climate. Good luck to all of you looking to break out of the 9 to 5 or just want to obtain a measure of success through personal acheivement.

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