When you find yourself unemployed, be it because you quit, were fired, or were laid-off, its not easy. I started my own practice after leaving my last place of employment. I once heard that it is easier to find another job when you are employed. My guess is that starting a business is easier when you are employed as well. But, if you find yourself unemployed, here are 5 tips to start your own business, courtesy of About.com:
- Take your time. If you find out you are going to be unemployed, it is okay to take some time before you start your new job. (Of course, I started my own firm about 2 hours later, but I had been planning it in my head since my first week of law school!)
- Assess your skills and experience. If you want to stay in the same line of work, you will be up and running quicker. If you want to venture off into something new, and there is nothing wrong with that, then, as Nike would say, "Just Do It," but understand there will be a longer start up time.
- Evaluate your Industry. You need to know as much as you can before you get started.
- Check the Bank Account. Make sure you have enough money to last 6 to 12 months. You never know how long it will take, but you need to be able to keep the lights on in your house!
- Develope A Timeline. It does not take long to set a realistic timeline and figure out when things should be accomplished. It will make you sleep easier at night.
You can start a business when you are unemployed. These five steps are the first things you should do before you decide to go forward. Then go out there and succeed!
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