When job hunting is riskier than going solo
(c) Copyright 2002, Cathy Goodwin, Ph.D.
Many people start a business to "be my own boss" or "find
meaning in my work." Yet increasingly I talk to clients who
realize they are more likely to find success by starting a
business than by starting a job hunt.
Let's say you join a company, degree in hand, at entry
level. You move up the ladder for fifteen, twenty, even
twenty-five years. Now you're a senior manager in your
mid-forties or early fifties. And your job disappears.
Despite the siren call of business ownership, I find
clients often resist the idea. "I just want another job,"
some say. "With benefits."
Risk-averse managers focus on the numbers: "Ninety percent
of businesses fail. Most don't last five years."
True. But these days, your next job may not last five years.
How to Avoid Rip-Off Biz Opps
When job hunting is riskier than going solo
Little Known Tax Deductions That Can Save You Big