If you have lost your job, are a victim of layoffs, are a victim of age discrimination, or have been downsized, this may not be the time to look for another job and depend on somebody else’s business model. This may be the perfect time to take matters into your own hands, start your own business and never be a victim again.
Here are some suggestions especially for you:
- Don’t buy into the “victim” mentality”. You may be emotionally fragile. Talk it through with somebody who can help you.
- Get a notebook and write down your sources of income, including any severance pay, unemployment, and savings. Also write down ideas for what can be sold. You may have to liquidate some of your belongings. Prepare for it.
- Reduce your living expenses.
- Do not pay down your debts at this time. This runs counter to the usual case. Rather than being aggressive in paying down your debts, at this time you want to hoard your cash. Depending on how much savings you have, you may want to let your debts rise. This is the time for paying your rent, your utilities, and your food.
- Begin an exercise program to keep your spirits up over the long run.
- Don’t do it alone—get help from others.
- Take action right away. This is not the time to “take some time off”.
- Eat right. Build up your health and endurance capabilities by eating right and not over-eating.
- Give the process the time it takes. Each idea will appear to be a great one at first. Do your due diligence. The closer you look the worse the idea will appear. Keep looking—as you do even more research it may start to look better again.
- Apply for unemployment. This may feel unnatural or humbling to you. However, there are a lot of people in your position and unemployment insurance is there for you when you need it. Use it.
- Start a business by going through this website step-by-step and never have a boss again.
Go through the Right Door
There are two doors in front of you. The door through which you go for a job appears to be the door to security. The other door, the door to starting a business, is the door to freedom. In truth, the door to being an employee leads neither to security nor freedom and the door to starting a business leads to both.