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The Entrepreneur Inside of You

By Erik Folgate

The entrepreneurial spirit lives inside all of us.  You may not have found it yet, but it is there.  I am confident about this statement, because the great country of the United States was founded upon the principles of freedom, democracy, and entrepreneurship.  Most of you work for someone else, but you can still be an entrepreneur!

Answer these Questions:

  1. Have you ever daydreamed about being your own boss?
  2. Have you ever provided a service and collected a fee for it?
  3. Have you ever held a garage sale?
  4. Have you ever sold something on Ebay?
  5. Do you find yourself brainstorming for new business ideas or inventions?

If you answered yes to any or all of these questions, then you have the potential to boost your household income significantly.  You have what it takes to start your own small business and begin profiting from it.  As a young person in their twenties or early thirties, chances are that your entry-level salaries are not very high.  You find yourself being able to pay your bills, but you do not have much money left over at the end of the month.  Finding the entrepreneur inside of you can help remedy this problem. 

Start with your passions.  Write down all of your hobbies, passions, and other things that interest you.  Now, take these things and write down what kind of services you could offer for the hobbies and passions that you are an expert.  If you are an avid tennis player, give private tennis lessons to children.  If you build websites, then market yourself around town to small businesses without a website.  These are just a few things that can help you to generate extra income that you can put toward a down payment for a house, an upgrade in car, or paying off those pesky student loans! 

The biggest problem is that most people are either fearful of starting their own side business or they are simply too lazy.  You cannot afford to wait by letting your precious time be wasted on the internet or watching television.  Most side businesses can be started with less than $200.  You can find hundreds of resources for cheap or free marketing and service businesses require no inventory.  So what are you waiting for?  Stop spending money on Ebay and start making money on it! 

Erik Folgate
Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.

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  • http://www.kirbyonfinance.com Kirby

    I’ve been a little skiddish about starting an eBay business. I’ve got a lot of old stuff lying around that I need to get rid of. I guess it’s time to start making money off eBay for a change! By the way, I love your blog! Keep up the good work and let me know if you’d like to exchange links!

  • http://www.moneycrashers.com Erik

    If you ever want any pointers on getting started with selling, let me know. I have about 4 years of experience selling on ebay. Maybe I’ll start a category solely dedicated to selling on ebay.

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