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Career Advice

Is a redundancy the perfect opportunity to launch a start-up?

There are plenty of old sayings that are built on a nugget of truth, although sometimes it can be hard to work out startupexactly that might be. One classic is ‘every cloud has a silver lining’ which basic means that although something might seem like a problem, it can have a hidden advantage or positive aspect.

When it comes to earning a living and making enough money to pay your bills and put food on the table, any setbacks or problems can make a real negative impact on your life; both in the short term and the long term.

In the case of actually losing your job through redundancy it can be particularly hard to see how it might actually all be for the best.

Redundancy

When you are made redundant there is far more to the whole thing than simply losing your job. For many people it means the end of a position that they have been in for a considerable length of time and in which they have invested a large part of their career.

Of course there are still plus points, as a redundancy package usually means that there isn’t an immediate pressure to find other employment due to there being a financial buffer in place. However, this money won’t last forever and the psychological effects can be just as hard hitting as the practical ones.

Opportunityvideo editor

Finding yourself on the receiving end of a major life change does offer opportunities to change course in a positive sense though. If you have ever harboured the thoughts of becoming self-employed or going it alone in your chosen profession, redundancy can provide the perfect time to make that leap.

Launching a start-up is easier than ever these days with many projects undertaken from a home office, at least in the initial stages. This means that outlays and investments can be pared back to a bare minimum.

Advice

Striking out on your own means negotiating a whole host of things you may not had have to deal with before, which is why it is essential to take help and advice from the best sources. Birketts redundancy solicitors in Cambridge are experts in helping you manage the process of being made redundant and can help you ensure you have a good foundation on which to build your own business venture.

Dealing with basic legal matters doesn’t need to be difficult, time consuming or costly as long as you make sure the people you choose to help you are experienced and specialise in working with new ventures.

This is a guest post for TheEmployable

 

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