From Employee to Entrepreneur: The Other Solution to Losing a Job

According to an excellent article in The Wall Street Journal:

With the economy tanking, lots of people are striking out on their own. Some never thought of starting a business until they got laid off. Others kicked around the idea but never found the time or the passion to pursue it. Now, launching a start-up seems like a better bet than taking on an endless job hunt. 

If you’ve thought about starting your own business instead of working for others again, now may be the time to do it, recession or not. Because, there’s no perfect time to start a business … just as there’s no perfect time to have a child. It happens when it does.

Another good resource if you’re thinking about starting a business is my friend Tim Law, who blogs about it regularly. He writes: ”Why not use your passion, hobby or skill set and put a business around it?”

This is another way of asking, “What would you do all day if you weren’t getting paid?”

Answering these questions will go a long way to determining what your passions are, which will determine the best sort of business to start — if entrepreneurship is the route you decide to take.

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This entry was posted on Thursday, May 28th, 2009 at 6:19 am and is filed under life hacks. You can leave a response, or trackback from your own site.