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Self Employment Resources Washington DC

Except in very rare cases, you're not going to become financially free working for someone else. Most of the time you will be making sufficient money to keep up with the mortgage and put the kids through school, with a yearly vacation thrown in, but you will be more or less on a treadmill, never really saving enough to be able to tell your boss to "take this job and shove it." Here are some tips on how to approach self employment

Local Companies

District of Columbia SBDC
202-806-1550

2600 6th Street, N.W., Room 128
Washington, DC

DC SBDC at the Howard University School of Business GADGET Center
(202) 319 1393

2800 Georgia Ave., NW
Washington, DC

DC SBDC at The University of the District of Columbia (UDC)
(202) 274-7030

4340 Connecticut Ave, NW 5th Floor
Washington, DC

Alexandria SBDC
703-778-1292

801 North Fairfax Street Suite 402
Alexandria, VA

Maryland SBDC
301-403-8300 ext. 15

7100 Baltimore Avenue Suite 401
College Park, MD

DC SBDC at the DC Chamber of Commerce
202-624-0610

1213 K Street, NW
Washington, DC

DC SBDC at the Anacostia Economic Development Corporation (AEDC)
202-889-5090

2021 M.L.K. Ave, SE
Washington, DC

DC SBDC at the DC Chamber of Commerce Business Resource Center
202-545-0220

7059 Blair Road, NW
Washington, DC

Capital Region SBDC
301-403-0501

7100 Baltimore Ave., Suite 400
College Park, MD

SBDC at CBP
703-768-1440

7001 Loisdale Road, Suite C
Springfield, VA

Self Employment

How to Approach Self Employment

You say that people should open their open business.

But I know that most new businesses fail within the first year. Aren't you giving out bad advice?

Tad

It is true that most new businesses fail quite quickly, usually because they are under capitalized from the very beginning.

However, it is also true that, except in very rare cases, you're not going to become financially free working for someone else. Most of the time you will be making sufficient money to keep up with the mortgage and put the kids through school, with a yearly vacation thrown in, but you will be more or less on a treadmill, never really saving enough to be able to tell your boss to "take this job and shove it."

Most people are not able to save more than a few thousand dollars for retirement in spite of the growing number of tax sheltered programs the government offers.

The kind of self employment I suggest you look into are businesses that: a) you can do out of your home; b) part time at first while keeping your present job; and c) that require little capital outlay.

I don't advocate that you open a restaurant or a sporting goods shop or anything similar. It takes too much money and time to do it right.

Find something you can do at nights and on the weekends. Turn a hobby or something you love to do into a business. Or open a website and try to make money that way. See Employ Yourself for more ideas.

Maybe you'll lose a few hundred dollars if...

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