Health insurance: A big obstacle for would-be entrepreneurs…
Great idea for a business?
Ready to leave the rat race?
One reason I hear over and over again when it comes to why many people don’t plunge into entrepreneurship is health insurance. It’s hard to leave a job with benefits to go out and build the small business of your dreams when you know you’ll need big bucks to cover your healthcare.
My article today in the New York Times looks at this issue and it definitely made me wonder what the future holds for small businesses.
It will be interesting to see what the new Congress will do next year in regards to escalating healthcare costs.
Can anything be done?
That’s the burning question.
Do you have an idea for the next great business venture? What’s keeping you from going for it?
November 30th, 2006 at 4:09 pm
As you know - I did keep a miserable job much longer than I should have - mostly because of health insurance. Six months ago I did go into business on my own as an artist, and my worst fears were realized when I was turned down for health care coverage this fall. Fortunately, I still have (incredibly expensive) COBRA benefits, but who knows what I’ll do after that…