THE CAREER CHANGE FINANCIAL PLANNER

I did it. So have plenty of others. Should you??

“It” is start a business after being laid off. And the answer is a definite “it depends.” If you’ve been thinking about and planning for this for some time, maybe the layoff was just the push you needed to find the courage to make a go of it. On the other hand, if this is more of a knee-jerk reaction — which would certainly be understandable — it might be a good way to go broke, and contribute to SCORE’s dreary stats about start-up business failures. (Reader’s Digest version: Less than 1/2 make it four years; less than 1/3 survive seven.)

Before you decide, read Congratulations, you’re fired! How to go from laid off to entrepreneur to find out if you and your venture are likely to succeed…

Tags: Involuntary career change, Job loss, Pink Slip Lemonade, Self-employment, Start a business // Add Comment »