Starting a Business When Unemployed

14/10/11

By John Davis, Managing Director, Business Centric Services Group

Whether you have recently been made redundant, been out of work for a long time or entered the job market for the first time, the right job for you is not always easy to find.

Therefore instead of simply waiting for the right job to come along, why not explore the possibility of turning your skills, passions or hobby into a small business? Don’t be put off by the fact that you’re unemployed; this could be the ideal time to do the ground work.

Starting your own business has a...

...number of benefits: the satisfaction of creating your own job, the enjoyment of doing something that really interests you day in day out, and the opportunity to become your own boss. Imagine being able to take control of your time and working pattern, or to enjoy first-hand the fruits of your hard labour; it can be hugely rewarding to start you own business.

Firstly, you need to think about whether your personality is suited to starting a new business. Are you independent and self-motivating? Do you want to escape the frustrations of having a boss? Do you dream of applying your skills and knowledge to a new venture? If so, this could be a great chance to maximize your existing skills and experience to get the best out of yourself.

The support of loved ones is vital when first considering a business startup; they will help your business dreams become a reality. Talk your plans through with people close to you and if possible enlist their help in running the business. At BCSG we carried out a survey amongst our small business customers and 60% said that a friend had helped them most in building their business. ... continued on page two >

 

 

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