A few friends of mine I worked with many years ago recently got let go, and it happened on this day of the week. Friday.
Now, with most of their careers behind them, they face an uncertain future.
This post is for anyone over 40 finding themselves without a job and contemplating self-employment.
“You” incorporated may be your best option.
As someone who was fired 25 years ago and set up his own business, I can tell you, with total certainty, that:
- You’re in good company. What happened to you also happened to Steve Jobs, Walt Disney, JK Rowling, Oprah, Lee Iacocca, Mark Cuban and countless others.
- Marketing to get contracts is easier than applying for jobs. You may be up against three or four other companies to secure a contract, but for many jobs, you will compete with hundreds, even thousands.
- Your ideas were dismissed when you were an employee, but will be sought after as a consultant.
- Older people are discriminated against when applying for employment but are respected as business owners.
- There will always be a demand for experience, knowledge and maturity.
- Self-employment is more secure than working for someone else if you’re good at what you do.
- There is a limit to what you can make as an employee but no limit as a business owner.
- It’s more important to start something and modify it as you learn, than to wait for the “perfect” opportunity. Many entrepreneurs end up doing something totally different from when they started, myself included.
These are things to give serious thought to as you make your decision.
Of course, anybody can start a business. The real challenge is first committing yourself to being the best you can be, then working hard and long to build your business to make it sustainable for you and your family.
See yourself becoming an employer – and not a victim, because…your time has come.
© 2016 Cory Robert Galbraith, All Rights Reserved.