Small business owners are scrambling to find ways to stay afloat amid the economic downturn.
The number of jobs created during the last three months of the year jumped by 5.1 million, according to the Bureau of Labor Statistics, the biggest gain since the start of the recession.
But that’s a far cry from a time when the average American worker was seeing their wages decline.
That was before the recession, which has left many small businesses struggling to survive.
“In the last year or two, it’s gotten a little bit easier for them to start making more money, and that’s been a big positive,” said Chris Hagan, a senior economist at the Center for American Progress, a progressive think tank.
But it’s not always easy.
The average worker makes about $26,000 a year, down from $36,500 just a few years ago, according a survey from the Bureau.
And many of those jobs are now in service industries that can be hard to get back into.
“It’s really hard to do that,” said Hagan.
“The economy is moving to a time where people want to be self-sufficient.”
And many people are starting to feel that.
Many small businesses have been forced to shut down.
Others are looking to the public sector for jobs.
But even if you’re a small business owner, you’re not immune to the economic storm.
Here are five things you can do to get your businesses back on track.
Buy a house to save your money.
You can still save money by moving to cheaper housing, but it’s a lot harder to do.
There are several types of home-buyers’ loans that can help you finance your purchase.
Most of them offer cash back, or a fixed percentage of the sale price.
For instance, the Federal Housing Administration offers a 10-year fixed-rate home loan for $1 million.
That means the interest rate will be fixed at 10% every year.
If you’re looking for a 10% down payment, that can give you a lot of money, Hagan said.
But if you want to do it in a house that’s going to be your primary residence for the next five years, you might want to consider the Federal Home Loan Bank, which offers a 30-year mortgage with a variable rate of 5%.
The maximum down payment is $500,000.
“For people who don’t want to buy a house, there are several options available,” said Brian Kloza, president of the National Association of Realtors.
The good news is that many of these loans are coming down in value, and they’re often lower-interest, so you can make your payments even if it doesn’t work out for you.
Find a job that pays well.
While you can buy a home for less money and still make more money than you would if you were working for someone else, the big problem is that there aren’t many jobs for you to choose from.
According to the Federal Reserve, about 40 million people in the U