Instead of struggling to find a new job maybe it is time you work for yourself. Phoenix self-employed entrepreneurs make up approximately 5% of businesses in the area. In this day and age of economic instability, it makes better sense to start your own business. When you work for yourself no one can fire you except for you.

Decide what kind of work you want to do. Most people do an evaluation of their current skill set to determine what kind of business to create. While this is a good way to go about starting a business, don't let your current skills limit you. You can always get training so choose work you would enjoy doing.

Create your set of deliverables. Decide what types of services and products you will offer. It is helpful to scope out the competition to see what they offer as well as what prices they charge their customers. Not only will you find inspiration for your own business but you will gain an understanding about how much to charge customers for your services. This is important because you don't want to charge so little that you don't make a profit. On the other hand you don't want to charge too much and scare customers away.

Come up with a plan for getting business. Your main concern at this point is generating income. Therefore don't put too much effort into choosing a business name or branding. When your business is up and running then you can start cultivating its image. Right now, however, focus on finding ways to draw customers to you, such as marketing on the internet or word of mouth advertising.

Start networking with people. Tell friends and family members that you are starting a business and would appreciate referrals. If needed, have a basic set of business cards created to hand out so people can get in contact with you. Call your local chamber of commerce to see if there are any networking events going on in your area. Register an account at LinkedIn which will give you access to other business people in Phoenix.

Get a bank account for your business. It is important that you keep your personal and business funds separate. You will be reporting to the IRS at the end of the year. It is much easier to keep track of how much money you make and spend on your business if you use a dedicated account for it.

Hire a lawyer and an accountant. Both are necessary for a business. However, if you can only afford one then hire the accountant. The accountant will show you how to manage your money wisely as well as assist you in filing your tax returns. When you are ready, an attorney can help you incorporate your business as well as provide legal advice that will keep you and your business out of trouble.

The fastest way to get out of the unemployment line is to work for yourself. Phoenix offers a myriad of services to help budding entrepreneurs. Check in with your local business center for help getting your business off the ground.