Starting Your Own Business: How To Turn A Career Setback Into A Positive
— By Larry Mager (of ‘Ready Brain‘)
Suffering a career setback can be devastating; not only can it affect your ability to move on and focus on the task at hand, it might even make you rethink your entire career. You may be feeling a blow to your self-esteem or be worrying about what your next move will be, and that’s completely normal. However, it could be the best thing that could have happened.
Rethinking your career may seem like a huge leap into the unknown, but it could be the jumping off point for an entirely new phase in your life. No matter how old you are or what point you’re at in your career, the solution to your problems could lie in starting your own business. And while it takes a lot of planning and hard work, it might be the best way to gain your confidence back and take your life and career in a new, more fulfilling direction.
Read on to find out how to get started if you’re serious about working for yourself.
Think about what you love
Making a career out of something you’re passionate about could be as easy as turning one of your hobbies into a business. Think about what you’re good at and what you could offer your community; are you artistic or do you teach yoga on the side? Just remember — the business you choose must be something that you’re going to want to do even after a lot of hard work. Starting a business is never easy, and there will likely be a few setbacks, especially in the beginning. With a good plan, however, you can make the process as smooth as possible. You may even experience some healing along the way.
Think about finances
It’s best to start the process of building a new business while you still have a job. That may sound like a lot of work, and it will be, but it’s best to make sure you’ll have the financing to cover your bills and other needs while you’re preparing.
You’ll also need to think about financing for your business; will you need investors, or do you have startup cash? Most new businesses don’t make a profit for the first year — sometimes longer — so you need to be prepared to layout cash in the beginning. Consider saving on overhead by working from home, but be sure to set up a dedicated home office where you can work free of distractions. Or, if you prefer to work outside the home, consider co-working in a shared, community space.
Do some homework
Look around online and in your community to see what the need is for a business like yours. If there are competitors, take a look at how they do business and what their customer base is like. It’s imperative to get active on social media, not only to help your research along, but to assist you in building your business once you get up and running. Having access to millions of potential customers will ensure that you’ll be able to draw people in without having to do so much of the legwork.
Consider your options
Going into business for yourself doesn’t necessarily mean opening up a storefront to sell products or services; you can become self-employed and set your own hours while making quite a bit of money. For instance, real estate agents enjoy a lot of freedom and are able to work with people to make their dreams come true, a job that many different kinds of people can enjoy.
If you’d like to set up an online store and work at home from your computer, there are a number of products that have spiked in popularity over the years. In addition to selfie drones and wireless earphones, people have made a considerable amount of money selling beard oils, cat-eye sunglasses, women’s shoes, men’s backpacks, artificial flowers, throw pillows, and night vision cameras — and that’s just scratching the surface. The trick is to find a niche that’s neglected by other businesses and connect with people who want the product.
Starting a business — or becoming self-employed — comes with so many things to think about, not the least of which is how to become a success. However, with a good plan and some help from advisors and family to support you, making a bold career move might be the best thing to ever happen to you.
‘National Geographic’, May 2019 Issue Has A Lavishly Illustrated Article On ‘Leonardo da Vinci’ For His 500th Anniversary.
The incomparable Leonardo da Vinci died 500-years ago, today — i.e., May 2, 1519.
The ‘National Geographic‘ article is to commemorate this. I haven’t had a chance to but just glance through it — feasting my eyes on the pictures and graphics. As I so often say, only NatG has the resources, expertise and motivation to do these lavish, eye-watering graphic projects.
Just wanted to give you a heads up, in case you too are interested. Enjoy.
Kind of inevitable, I guess — and by ‘travelling circuses’ they mean any circus that is not performed, long-duration, in a permanent location.
Well, we have all seen what happened to the elephants with the ‘Barnum & Bailey and Ringling Brothers‘ “Greatest Show on Earth“. But, they continued to have a big cat act that distressed me greatly. I would close my eyes for the duration. I just can’t act.
But, I am, as some of you might know, strange about elephant acts! They do not bother me. Maybe it is because I grew up with elephants among us. Even had some mega-rich friends that kept elephants as pets. As long as they are well treated, elephants are like golden retrievers — just bigger and not gold. They like to please — provided you take care of them. We used to have the BEST elephant shows in Ceylon when I was growing up. So, I and elephant acts. We have a history, a context and yes, ambivalence.
But, I can buy ALL wild animal acts.
This would, however, permit dogs, horses, donkeys and I assume goats. That is OK. Dog acts do nothing for I. But, I know some folks adore them.
So, this is the state of play in the UK when it comes to circuses.
The creator of this fun & stimulating Website, Larry Mager, sent me an e-mail last week about his Website and how it came to be.
To quote Larry: “After being laid off from my teaching job several years ago, I was pretty low. I’d lost a job I loved, and didn’t know what I was going to do next.
But then a funny thing happened. My neighbor came to me desperate to find a tutor for her son. I offered my services as a temporary solution. Fast forward two years later and I’m running my own tutoring business and making progress with my mental fitness website, Readybrain.net.
I’ve never been happier, and I want to help those going through a tough spot in their careers feel like I do“.
I sure like what Larry is doing.
His premise is the same as my “A ‘Think’ A Day, Keeps Alzheimer’s At Bay” books. He even talks about it, on his home page, using terminology similar to what I advocate. So, yes, I am very happy and delighted to be able to promote this effort. Great job, Larry.
I like the Sudoku. I don’t know how to play Blackjack (and, alas, there are no instructions as yet) but it looks interesting. You definitely should explore this Website. You will find it rewarding.