Robert Tuchman, successful entrepreneur and author of the new book YOUNG GUNS: The Fearless Entrepreneur’s Guide to Chasing Your Dreams and Breaking Out on Your Own gives out eight steps on how to start a business that actually makes money, even in this tough economy:

1. Start with self-financing.
2. Borrow, but with caution.
3. Do business from home.
4. Don’t delegate all the grunt work.
5. Know when to show a loss.
6. Invest in right software.
7. Stay on top of your numbers.
8. Hire inexperienced people with lots of passion.

Read the article How to Launch a Business During a Recession




See also  Winning Strategies for a Small Business During a Recession
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Isabel Isidro
Isabel Isidro is the Co-founder of PowerHomeBiz.com, one of the longest-running online resources dedicated to helping aspiring entrepreneurs start and grow home-based and small businesses. She is also the Co-Founder and CEO of Ysari Digital, a digital marketing agency specializing in SEO, content strategy, and performance marketing for small and mid-sized businesses. With over two decades of experience in online business development, Isabel has launched and managed multiple successful websites, including Women Home Business, Starting Up Tips and Learning from Big Boys.Passionate about empowering others to succeed in business, Isabel combines real-world experience with a deep understanding of digital marketing, monetization strategies, and lean startup principles. A mom of three boys, avid vintage postcard collector, and frustrated scrapbooker, she brings creativity and entrepreneurial hustle to everything she does. Connect with her on Twitter Twitter or explore her work at PowerHomeBiz.com.

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