New York Daily News: “Your Money: Bouncing back. Laid-off NYers get fresh start wth home businesses”

While hiring seems to be picking up again, the financial meltdown that began in 2008 resulted in a surge of home-based businesses as millions of laid-off workers scrambled to find a way to pay their bills.

In 2009, 18.4 million Americans worked at home, an increase from 16.5 million the previous year.  A little over half of all small U.S. businesses are based out of people’s homes, according to the latest Census Bureau data available.

But before would be self-employed moguls get started, they need to look realistically at what they’re hoping to accomplish, Bruce Bachenheimer, a professor of management and Director of Entrepreneurship at Pace University (pictured), advised Fran Golden of the New York Daily News

“Do you have a real strategy?  A lot of people in this bad economy see home-based as a way to be employed, fill a gap on the resume or whatever,” Bachenheimer said. “But it’s not as easy as it appears.”

To start a home-based business, Professor Bachenheimer gave New York Daily News readers the following EXPERT ADVICE:

  • SET REALISTIC GOALS:  To launch a business does take capital, time and money, and always twice as much as you think.
  • FIND A MENTOR: Talk to people who have started home-based businesses, join entrepreneur and small business groups, and get feedback about start-ups. Smart entrepeneurs surround themselves with even smarter experts.     
  • THINK SALES: A lot of people have a romantic vision that working at home means making your own hours and making money.  But the reality is, no matter what you’re offering , you need someone to buy it.  Entrepreneurs are optimistic by nature, but don’t confuse passion and stubborness.  You need someone to actually open up their wallet and want. 
  • BE HONEST WITH YOURSELF.  Not everyone is cut out to be an entrepreneur.  The best are risk-takers confident in themselves and their ideas.

Pace Ranked one of the Five Safest Colleges and Universities in New York City

Pace is one of the five safest colleges and Universities in New York City, according to a survey by the Daily Beast website that was covered in the New York Daily News.

Pace is one of the five safest colleges and universities in New York City, according to a survey by the Daily Beast website that was covered in the New York Daily News and the World Journal and on NY1 and WNBC TV.

Find the criteria and the Daily Beast article here:

http://www.thedailybeast.com/blogs-and-stories/2010-09-14/50-safest-colleges/?cid=topic:featured2

Read about Pace’s ranking in this New York Daily News article.

http://www.nydailynews.com/ny_local/2010/09/16/2010-09-16_5_campuses_in_city_among_safest_in_us.html