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Layoffs and Tough Times

Posted on Friday, Nov 14th 2008

Every day, there are more layoffs. Today’s news is dominated by Sun Microsystems. If you are facing a job crisis, I want to point you to a motivational story: How Rafat Ali Found A Job. And in general, my message to everyone facing tough times has been and continues to be: Take control of your destiny.

This is a good time to explore being in business yourself.

I want to also point you to my new book, Entrepreneur Journeys (Volume One), which many discouraged people are using to get some positive momentum, inspiration and encouragement, as well as learn the ropes of entrepreneurship if this way of life is new for you.

Many great companies have been found during downturns and recessions. Many people have found their way into self-employment during difficult times.

Do not give up hope.

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Current economic situation is resulting into an instability in the job market and certainly taking away any job security that once existed for established corporate jobs. The silver lining is that it allows professionals to explore the world of startups and entrepreneurship. However, anyone starting their own new venture especially a startup should be aware of five key points affecting startup success ellaborated in the blog https://tech2bizforum.blogspot.com/2008/11/why-do-most-startups-fail-inspite-of.html

Shrikant Lohokare Saturday, November 15, 2008 at 4:03 PM PT

sramana,
thanks for the reminder and encouragement. Having begun one venture in 1999 that survived and thrived I realized that it was a good thing. As I embark on my second one, in probably the most pessimistic of times, I believe, firmly that the time to start a business is NOW!

K. Srikrishna Sunday, November 16, 2008 at 1:12 AM PT