Certified fitness instructor Jenna Frankhas aspirations of launching a new yoga product line, but blames her marital status for keeping her from living the American Dream. “I work two part-time jobs and on a good day don’t have two nickels to rub together. There is no way I can pull it off by myself.” Financial issues aside, this would-be entrepreneur just moved more than 2000 miles away from home with far less contacts in her new hometown to support her vision. “I don’t have the marketing skills or business acumen,” adds Jenna “but I have a good product that I know will sell.” <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
If you think you have the next big business idea but cannot imagine doing it on a single income, then you’re in good company. Nearly half of single men and women want to start their own businesses according to a 2007 Packaged Facts report, but don’t have the funds or support to get started. And while 2009 should have been the year of “Start-Up America,” according to an op-ed piece earlier this month by New York Times columnist Thomas L. Friedman, The Obama team has failed to incentivize innovation which has immobilized entrepreneurship just when our country needs it.
Sandra Sea, founder of Singles Career Coaching, can attest. “I receive a great deal of interest from singles who know what they want to do, but just aren’t sure how to go about achieving it” says Sea. It is for these reasons that Sea will be releasing "The Guide for Millionaire-Minded, Single Entrepreneurs: How to Start, Market and Grow Your Business that Makes You Money!" in April.Innovation expert and entrepreneur Jennifer Groover also tackles the subject in her new book “What If?&Why Not? How to Transform Your Fears into Action Start the Business of Your Dreams.”
Still for individuals like Jenna, failure to launch only leads to “if only” sentiments down the road. So if you dare to dream, here are some tips that can help you live and own it on just one income.