Following Your Dreams of being an Entrepreneur in a Slow Economy

I say that now is the best time to follow your dreams. Yes, even in a down or slow economy. This is when our entrepreneurial spirts are at their best. Why? Because you have nothing to lose. Small businesses and entrepreneurs are the economic engine of our economy, therefore, new ideas, inventions and innovations are needed to kick start the economy again. So, below are some tips on finally branching out and reaching your dreams!

1. Pick a venture that you are passionate about and figure out a way to profit from it. (You should always pick a field or area that you love to do and then try to capitalize on it. For example, if you love to swim, maybe you can start your own rec center or start your own business offering swim lessons, or if you love help people go into something dealing with customer service or social services)
2. Develop a business plan (go to www.sba.gov, to get an example of a good business plan)
3. Research your field of interest thoroughly ( look for other people who do the same thing you want to do, go by their establishment, visit their website, etc.)
4. Secure a Domain Name ASAP!
5. Set Goals and stick to them!

Next month, I will post more tips on starting a small business and how to take your vision and turn it into a reality!

Why People Fear Organizational Change?

Change within organizations is inevitable. There are several factors and forces for change that companies are faced with on a daily basis. The economy, mergers and acquisitions, changing technology and governmental changes are among the few reasons companies seek change. The problem lies within the people at these companies and the fear they have of organizational change. Below are Dr. Thompson's Top 10 Reasons People Fear Change.

Reason people fear organizational change:
1. Conflict Avoidance
2. Lack of Confidence
3. Insecurities
4. Fear of unknown
5. Fear of Success
6. Fear of Failure
7. Conditioning
8. Poor Work Ethic/Lazy
9. Unmotivated
10. Fear of Job Loss