During the new depression, women have discovered their power and prowess in the business world. Similarly, recent college graduates cut-out of jobs in their specialties have found ways to cash-in on their own small businesses. In the economic meltdown, for every one man who has opened his own business, five women and two people under twenty-five have launched a new enterprise.
Because small businesses generate more than 70% of America's new jobs, the government wants to stimulate as many family-owned enterprises as it can, sparking economic recovery and reducing unemployment. Therefore, the Federal government has allocated billions of dollars for grants to new enterprises-especially new businesses owned and operated by women and under-represented, historically disadvantaged groups. As the term implies, these grants come with very few strings attached: the Federal government gives you the money to run your business, demanding no taxes on the grant money, and expecting no repayment. Moreover, the government will supply technical assistance, mentoring, and other support as you inaugurate your dream business.
Ironically, an economic downturn provides exactly the right climate for a new business. As the economy recovers and people return to work, your new business naturally will grow. Recent experience also has shown that even the depressed economy will support people with great new ideas and money-saving new products. It also has demonstrated that the time has come for family farms' resurgence.
Because the application process is simple and straight-forward, and because technical assistance is available for proposal preparation, you have an unprecedented opportunity to launch your own small business with help and support from the Federal government.
Use a federal grant to drive a "green" business.
As you know, the Obama administration and forward-thinking public policy makers want to see the United States become energy independent within the next decade. You have opportunities to make big money, becoming a pioneer in one of a hundred emerging "green" industries.
Consider a few possibilities: Even in a recession, people continue having babies. Can you develop a perfectly "green" diaper, or can you develop a process for washing diapers without wasting water and electricity or using bleach and polluting the Earth? Even in a recession, people still need food. If you own an average sized home on an average sized lot, you can grow enough fruit in your backyard to generate substantial income; if you form a co-op with your neighbors, you can become a major food producer for your town, suburb, or neighborhood. As America converts to solar energy and wind power, homeowners need plumbers and electricians to connect their new units; as America works aggressively to conserve energy, they need insulation and remodeling contractors. Match your money-saving and Earth-saving skills to a business opportunity, using a Federal grant to get started. You can put yourself ahead of the economic curve with your personal stimulus from the Feds.
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