This article are provided for information purposes only, and are not intended as legal advice.

Self employed vs unemployed

April 22nd, 2009

The economy is currently changing the business environment and your employer must down size.  You realize that you are now looking for employment.  There have been articles written about people losing self esteem, unable to cope.  They have worked all their lives and now they are no longer working.  The prospect for their employment is grim.  As a result, they collect unemployment insurance.  They continue to look for a position but are unable to find anything.


You have two choices, continue to look for a job knowing that the prospects are low that you will be able to find a job quickly or plan to take control of your destiny and start your own business.  You can either start from scratch or buy a business.  After you were laid off, you may not be motivated to work.  What do you want to do?  Remember, you have to enjoy what you are doing.  It does not matter if you are well paid, if you do not like what you are doing, you will always be miserable. 


What is your background, what do you like to do, are you a doer or a people person?  Once you have documented your strengths and your weakness.  Then look for businesses for sale, get an idea what is out there.  If you can’t afford to buy the optimum business, can you start a similar one from scratch.  Do you want to go into retail, do you want to get into wholesale?  There is no right and wrong answer, it is personal preference but you need to be motivated in deciding what you want to do.


Your choice if you are laid off is keep looking for a job possibly with no opportunities for foreseeable future or take control and become an entrepreneur.  Maybe being laid off will be the push that you always needed.  You may have always wanted to work for yourself but were not motivated enough or were afraid because you would lose your pay check.  Now that you have lost your job, this may be the opportunity that you always wanted to try.

Filed under: Business strategies — Gary Landa @ 9:39 am

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