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Should You Start A Small Business? Cyndi Jarvison
SMALL BUSINESS DEVELOPMENT CENTER AT UNM SHOULD YOU START A SMALL BUSINESS?
As last year’s recession fades into the background, focus is shifting toward what the rest of the recovery and transitions will look like ahead. Things are going to continue to change all the time. As with everything else, change is an inevitable cycle.
As uncertainty remains we are all concerned about how quickly America’s workforce can rebound after the jobs lost from the pandemic. A surge in consumer spending is leading to higher prices and raising questions about how the Federal Reserve will adjust monetary policy in response. There are also key differences in the recovery across geographic areas of the U.S. that represent both risks and opportunities for small businesses. Small business outlook is focused on building back better with small business recovery underway but challenges still remain. Innovative ideas are being introduced with new technology to enhance productivity like QR codes to pull up the menu and to pay your bill to alleviate the burden on staff.
Learning is a skillset that should be constantly tapped into, that is how most successful entrepreneurs create that agility. There is also the core skill of being highly aware your adaptability and grit.
Here is one piece of solid advice if starting a business is something you have always wanted to do, just do it. It’s
hard grueling work and if you have a passion and truly believe in what you are doing then make that choice. If you want to get paid less, with less time off, work harder than you ever worked, and sleepless nights then entrepreneurship will provide that path for you. There is never a good time to start a business you just have to do it. There are a number of resources to help you through the process. Most times entrepreneurs aren’t looking for handouts they are looking for a hand up. Finally, be authentic, change is good it’s an opportunity to be successful knowing you are doing things only people dream of.
Entrepreneurs will be the ones who will focus their conversation on building back better, helping the economy and small businesses chart a path out of the pandemic through resiliency, and prepare for a brighter future. We all know that this pandemic has taken its toll on all of us, as we each have had to learn to adapt and cope in our own ways.
There are lots of tips and tools available to help small businesses consolidate tasks and maintain focus. Why not reach out to your local SBDC to schedule a one-on-one remote consultation to discuss further or go to our website at www.nmsbdc.org
The Small Business Development Center (SBDC) provides no-cost, confidential, virtual business consulting to help you navigate the federal COVID-19 programs, start a new business, or expand/improve your existing business. The SBDC will be here to help your business grow and adapt to the changes and find new opportunities in our new economic environment. For Assistance Contact: Cyndi Jarvison, Director SBDC at UNM Gallup Email: cjarvison@unm.edu Telephone: (505) 722-2220
Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. All SBDC programs are extended to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities and individuals with limited English proficiency (LEP) will be made if requested at least two weeks in advance.
The New Mexico Small Business Development Center Network (NMSBDC) was established in 1989 through a partnership with the US Small Business Administration, the State of New Mexico, the New Mexico Association of Community Colleges, and the New Mexico Association of Independent Community Colleges. The NMSDC Network State Office is located on the campus of the Santa Fe Community College in Santa Fe, NM. The program provides no cost business consulting and low cost business training to entrepreneurs throughout the state. Strategically located in 20 communities throughout New Mexico, NMSBDC’s consultants bring over 773 years of combined small business management and ownership expertise and have helped to create more than 21,000 jobs in the state since NMSBDC’s inception. Entrepreneurs have access to subject matter experts in everything from accounting to social media and franchising to e-commerce.
