Is 2012 the Year to Start Your Business?

It's now year five of the economic downturn and you are still thinking of starting a business. Is now the right time? What you may need more than anything to succeed is courage and commitment.

What's the Latest Development?

It's year five of the economic downturn and you are still thinking of starting a new business. Is now the right time? In terms of market conditions, there are some advantages hidden in the present moment. Among them, says Carol Tice, are cheap real estate, affordable leases and cooperative landlords, weaker competition, vendors willing to offer generous terms and low-cost advertising options. "Most importantly, there's the thrill of chucking a job you hateor maybe a floundering small business that's not workingto try out a new idea."

What's the Big Idea?

The biggest hurdle to starting your own business is rarely economic. Typically, it's gathering the courage and commitment needed to launch a start up. Tice recalls a freelance writer who felt trapped working in the family jewelry store. To realize her dream of writing for a living, she needed advice both practical and inspirational: getting realistic about her writing portfolio and working up the courage to tell her family she wanted to strike out on her own. Committing yourself to the unknown can be scarybut you only live once.

Photo credit:

Related Articles

How schizophrenia is linked to common personality type

Both schizophrenics and people with a common personality type share similar brain patterns.

Mind & Brain
  • A new study shows that people with a common personality type share brain activity with patients diagnosed with schizophrenia.
  • The study gives insight into how the brain activity associated with mental illnesses relates to brain activity in healthy individuals.
  • This finding not only improves our understanding of how the brain works but may one day be applied to treatments.
Keep reading Show less

Human skeletal stem cells isolated in breakthrough discovery

It's a development that could one day lead to much better treatments for osteoporosis, joint damage, and bone fractures.

Image: Nissim Benvenisty
Surprising Science
  • Scientists have isolated skeletal stem cells in adult and fetal bones for the first time.
  • These cells could one day help treat damaged bone and cartilage.
  • The team was able to grow skeletal stem cells from cells found within liposuctioned fat.
Keep reading Show less

How exercise helps your gut bacteria

Gut bacteria play an important role in how you feel and think and how well your body fights off disease. New research shows that exercise can give your gut bacteria a boost.

National Institutes of Health
Surprising Science
  • Two studies from the University of Illinois show that gut bacteria can be changed by exercise alone.
  • Our understanding of how gut bacteria impacts our overall health is an emerging field, and this research sheds light on the many different ways exercise affects your body.
  • Exercising to improve your gut bacteria will prevent diseases and encourage brain health.
Keep reading Show less