How can I use my business experience in another venture?
I had a mortgage company for 10 years and lost it overnight. I really enjoy both the financial and real estate part of it. I've worked with builders, developers and customers and would like to know if there is another business that I can start that can incorporate everything I've done. I currently manage a branch for a large regional bank but miss the thrill of running my own show and making things happen.
I would go to your local Small Business Development Center or other local entrepreneurial center. Most of them will have books and/or classes that can help you explore different business opportunities. SCORE is another great resource that can help you with this exploration. This will help you assess your strengths, weaknesses and what opportunities you can consider to create a new business.
The fall in new company starts does not necessarily mean that the American economy is less dynamic than it used to be, or that Americans are opening up new establishments at a lower rate than they did in the late 1970s.