If you’re an executive who has experienced a recent layoff, you may find yourself wondering if you should look for another corporate job – or go out on your own.
The current business environment worships entrepreneurship, but it isn’t right for everyone.
The real question is: SHOULD you become a consultant or start a business?
I say should because you certainly could. You could easily create a legal entity, or pitch projects as a sole proprietor, and put yourself out there.
Even if it seems like you could be successful, this might or might not be the right choice for you.
Here are some questions to ask:
• What is my current financial situation?
• Do I have six month to one year of expenses safely tucked away?
• What is my current energy level?
• Do I like working alone?
• Would I stay focused without external accountability?
• Is my family or partner willing to support this decision?
• Do I have skills the market is buying right now?
• Am I comfortable with ambiguity and uncertainty?
• Do I have some experience with sales and marketing?
Most likely, you won’t be able to think this decision through by yourself. I have worked with a hundred professionals at this crossroad. If you need help thinking this through, let’s talk.