Locating a REAL job within our anemic job marketplace still remains challenging, and great deal of people are approaching the stage where they simply want out and they would like to be their own boss and begin their very own company. A new report finds 17 million us citizens now identify themselves as self-employed, freelance employees, temps or „independent employees.“ The report signifies this trend is growing with a staggering 10% each year.

The new economy and marketplace are increasing the demand for financial independence, however you need to straighten out your 3 credit reports before you can get to that point. Pull your reviews today at ScoreDriven to see an entire three bureau credit history to get your bearings, financially, and begin to alter the way you spend and save. You’ll also have changes in lifestyle if your plan involves self-employment. Although people are liking the glamorous idea of self-employment, they often times avoid taking into consideration the hard, more logistical things. Don’t get suckered by the mere fantasy of having your own business, go really take the direction to get it done.

Self-employment might be an attractive choice in comparison to employment in corporate America, but when there are many points to consider, in the bigger picture. Cost needs to be of significant concern, the upstart costs of branching having your own business are often hefty and hard for people to hold onto settle the debts within their current lifestyle. You must do financial work to make certain that you can to operate the business, and recognize the assets which exist with the government through grants, loans, startup funding and more.

Will you be considered a good or service business? Or are you going to be an information/technology business? And have you got the cash or equity to leverage business financial loans? If not, how are you going to do it? When you nail a strategic business plan, it’s also important to come up with a marketing strategy. Also consider how to manage the company day to day, and what kind of time you will really have to put in.

There are also many documents that accompany running your personal business. You have papers for taxes, record keeping, purchasing, and the rest of the behind stage things that ultimately results in the business being run. Having a right-hand man to manage if you get sick or have to leave town is always a necessity as well. Finally, there is the problem of medical health insurance. If you’re departing your present job, and thinking about self-employment, your care costs will probably increase if you don’t have a spouse’s to join. Although, as the REAL economy continues to decline and more and more of us lose insurance, this is less of an issue for more people every day.

It’s essential that you think about these before establishing a brand new business, so spend a while thinking about every one of these before departing your current position- and pull your 3 credit reviews to start planning your money for hard times, without losing any more unnecessarily.

If you are thinking about starting your own small business, make sure you check out your three bureau credit report on ScoreDriven 3 Credit Reports, or products page ScoreDriven Products