Monday, April 6, 2009

Laid Off? Start Your Own Business

A few months ago, a close friend of mine lost his job at one of the largest recruiting firms in the country. After many weeks of trying to convince other corporations that he would be a stellar employee, he decided to become his own boss and started a consulting company (studies have shown that business start-ups statistically increased during past recessions, and it is predicted that this economic downturn will not be any different.)

Starting your own business can be a scary proposition – people see it as something with no job security. But, with today’s economy, traditional “jobs” are no longer safe or secure. If you decide to go it on your own, keep the following four tips in mind.

1. Be Yourself
Stick to an industry, service or product that you at least know something about. And be good at it.

2. Stay Away From Get Rich Quick Stuff
They are not called schemes for no reason. If something promises you $11,000 on the first day, it’s probably a lie. Follow the golden rule, if it seems too good to be true, it probably is.

3. Keep Your Chin Up
No one likes to lose their job – even if you have a heads-up, it still stings. Trying to keep a positive attitude can be tough, but it’s critical. No one wants to hire a disgruntled, angry, former employee.

4. Be Passionate
Starting a business takes a lot of time and energy. If you are not passionate, putting in 100% effort, it’s going to be much harder to succeed.

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