How Entrepreneurship Can Get You Out of Debt

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Dave Lavinsky, co-founder and President of Growthink

Mount Kisco, New York (PRWEB) July 11, 2012

When you hear the term “1%” what comes to mind? Does it make you clench your fist knowing the amount of wealth accumulated in that one percent? Well I laugh at it, the fact that they have all the money in the world yet us, the 99%, have all the opportunity.

Dave Lavinsky President of Growthink Inc says, "While the United States of America has changed dramatically over the past 200+ years, one thing has remained the same, starting a successful business remains the best way to create a financially stable and rewarding lifestyle."

Whether you are drowning in a debt of student loans or struggling to make ends meet with your paychecks we can all use the money. While the price of student admission is ascending, the debt from student loans is following an identical path. According to a National Postsecondary Student Aid study today’s college students face a debt acceding $23,000 by the time they graduate. The majority of students apply for loans in order to better their education in return for a successful, well paid job. While some might not have the money for a top notch university some say, “it doesn’t matter, education is worth investing in.” Maybe, but not when our current national unemployment rate is hovering just above 8%.

This is why I love to read stories of entrepreneurs who are just starting out. Some who either said “the hell” with school in general or dropped out a few years in and are now CEO of multimillion dollar companies. Believe it or not, it is more common than you would expect. Then there are the entrepreneurs who start a business in their off time that is left uninterrupted by their Full-Time jobs. These are my favorite. People that are so passionate for an idea that they patiently build a business on the side until they break off and independently manage their own dream.
You don’t need to stress your mind if you don’t have a clear view as to what business you see yourself starting. Building off a hobby is perfect, hobbies will never be boring to you and your customers. You can even choose to build a business from a service you might currently do for free. But Instead of freelancing or volunteering yourself, you can charge a fee for your time and effort.

"Increasingly, the American system is working against the average American citizen resulting in overwhelming debt. The solution remains the American Dream of starting a company. That's how the majority of wealth in America has always been made,” says Lavinsky.

You can side with your instinct or you can take it from Lavinsky, a successful serial entrepreneur, having started and exited multiple ventures. As a co-founder of Growthink, Dave has managed more than 150 client engagements across all of Growthink's practice areas. He particularly enjoys helping early stage companies prepare for significant growth. He walks the walk and you can too.

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