In a seemingly precarious era of joblessness and the hiring of new staff within many formal sectors, there has never been a better time to go into business and remain employed. Not just employed, self-employed. Being self-employed means that you are self-sufficient and rely on no one for support or monetary assistance. Actually, you do. You do need support to start out in business. Many readers here may find that they simply lack the essential business skills required to start up and sustain themselves going forward.
A good niche area to invest in will be through scrutinizing the numerous franchise opportunities being advertised on the internet on a daily basis. You will already see that this opportunity is not as daunting as it appears. The first order of business would be to select an area in which you may already be familiar with or that requires your existing skillset that you acquired through your previous work experience. But many ambitious and adventurous job seekers are also looking for those opportunities where they can realize hopes, dreams and passions.
After working nine to five as an insurance clerk for more than twenty years, the laid off worker may have had a passion for fine wine. But due to the expense of keeping a cellar stock, this project never ever saw the light of day other than a few bottles of plonk here and there at the occasional social gathering. And so the opportunity materializes. This example just goes to show that all things are possible. Dreams only really come alive once action is taken. The dream may have been to run a motor repair workshop.
Or run a franchise branded restaurant. Or even make and sell educational toys. There is a market for that.