Sunday, March 21, 2010

microfinance

The concept of Microfinance started in Bangladesh where a gentleman arranged for responsible people to be loaned from 25 to 250 dollars approximately. This is enough in many third world nations to start your own business so you don't have to beg. However, even in the U.S.  if someone is loaned somewhere between 5000 dollars and 20,000 dollars a cottage industry business and or delivery business or mail order business of one kind or another can be started even in the U.S.

So, even if you are collecting unemployment if you are starting to think seriously about starting a small business maybe now is the time to try to make a little business that might turn into something big. The thing about businesses is that if you don't succeed at your first business, as long as you actually learn what worked and didn't work, you can then take that knowledge(if you are realistic) and become rich on your second or third business. It doesn't take a million dollars to start a good business. Remember, Stephen Jobs  and Wozniak of Apple computer started in their garage as hippies with long hair and beards. And Bill Gates was a Harvard Drop out and basically started in a Garage too. And look at them now they are all still very rich 30 years later.

Also, in the early 1980s there was 10% unemployment too. And this is basically when they started their businesses around this time.

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