5 Reasons Why Now is the Best Time to Start a New Business
The Great Recession might be a dark cloud that actually has a silver lining for women who want to be their own bosses. Many women who work in Corporate America dream of starting their own business but are afraid to leave. Other women who are stuck at the highest levels of their careers and have hit the glass ceiling wonder when they can be their own bosses. Now is the time.
Here are the reasons why:
1) Many people are getting severance packages as a result of being laid off, or unemployment benefits due to the recession. They can use that money to finance their own business. Getting fired or laid off could actually be a blessing in disguise.
2) For women who are still working in a corporate job, there has never been a better time to leave. Hiring an experienced coach or mentor to talk you through the process can alleviate some of the fear of leaving a high-paying job. Coaching is a growing field, and more people know what it is and are open to it. Coaches provide encouragement, support, and guidance.
3) Your existing network may provide you with your first client. Even if you are going through a career change, don’t assume you can’t use your existing network from your former career field. They already know you and some of them may have needs in your new career field. They might be doing things that you are not aware of and they might need to hire you.
4) Professional Development. With an online learning, webinars, and all kinds of choices and access to continuing education, there is no excuse for not going out on your own “because you don’t have skills in a certain area.” Identify your existing skills. Take a class in areas where you are weak so you can become the best you can be. In this day and age, it’s easier than ever to brush up on your skills.
5) Clients need what you have to offer! Your skills are unique. A good business is created in response to a need in the marketplace. Pay attention to what people are talking about and asking for. What is their greatest need? Do you have skills that can help them fulfill that need? Then there is business out there for you!
To find out more go to:
http://classic.cnbc.com/id/41036893
I am one of the women you are talking about! I made the decision to begin this year with the business that has been living in my brain for over a year. No more procrastinating for me. Things are really falling into place in even in just these few short weeks. If I can add anything to what you said, it would be this: Why wait????
Welcome to the world of entrepreneurship Denielle! Glad to have you!
It’s interesting that I never even considered starting my own business when I was working in corporate America. But being a SAHM makes you think about different ways to add to the family finances. Having a little one makes it extremely difficult, but I’m going to try to get my business going!
Hi Leslie!
Thank you for your comments! Ironically, I just read and commented on your own blog http://lesliemaddox.com/2011/01/ive-got-babies-on-my-mind/ before I even read this comment from you. That is definitely a “Twilight Zone” sign of Divine Intervention! Your posts have made me think about adding more future content about balancing family with a business. I have two myself and one is 16 months so I am right in there with you! I had some of the best feedback so far from other moms regarding my Parenting Predicaments post the other day:
http://kcsterryfulltimewoman.wordpress.com/2011/01/09/parenting-predicaments-2/
Karen