You've been laid off from your job. How can you use this as an opportunity to start your own business?

Stick to your speciality and leverage on your domain knowledge. Look for alternate new product or services that trying to make inroads in the same industry. Don't bother much on finance and negotiate for credit period from supplier if you are into products. Back up for atleast 6 months to survive with basic needs. Don't get into fancy office and operate from home to save cost. All you need is handful of customers who will buy from you to begin with.

I agree with you totally Rajesh. It’s finding that product, that the market can accept at the right price and evidence. This is the hardest part sourcing.

Couldn't agree more with the others, assess your financial situation first. 6 months backup fund should be the minimum. 3 months may be enough, but the pressure is on if you have never started a business before. Realize in entrepreneurship, pressure leads to rushed/desperate decisions. Think of sales as boxing. And entrepreneurship as mixed martial arts. You were likely trained that "sales is the lifeblood of the business" and "no sales = no business:" -- hate to break it to you. In solopreneurship. Every part of the business is important. But knowing sales will give you the best head start Cut down all your expenses now. This gives you more runway as well to allow your mind to focus on the mission ahead

In this situation, you are always "the product". Understand your current situation and position to decide what would be the next best move. Rajesh has a strong point when he says that assessing your financial condition would be a priority. You need to have your essential expenses funded for at least 6 months. Nobody thinks clearly if the mortgage or car payment is due and there are no resources available.

First, starting your own business might not be the answer. Regardless of speciality, niche or connections, moving from payrol to being potentially head cook and bottlewasher is a pressure many have tried and failed at quickly. Ive seen people lose their houses and marriages as a result of pursuing the entrepreneurial roller coaster. By assessing your suitability first means scoring yourself out of 10 on these areas of competency. (1 being poor and 10 being expert) What do you know about 1 Finance Competency 2 Operations & Systems 3 Supply Chain 4 People and HR 5 Marketing 6 Sales 7 Customer Success 8: Governance If you don't score above median on all of these, or can hire experts, start by partnering or go get another payrol job.

Everything you need is in you, you just have one find a way to get it out. You have the knowledge and experience…so now find your FIT, your niche. It wasn’t at you last job, you’ve been given the gift to move and find your fit. “If every job paid exactly the same, what would you do for a living?” Think Bigger!

Couldn't agree more with the others, assess your financial situation first. 6 months backup fund should be the minimum. 3 months may be enough, but the pressure is on if you have never started a business before. Realize in entrepreneurship, pressure leads to rushed/desperate decisions. Think of sales as boxing. And entrepreneurship as mixed martial arts. You were likely trained that "sales is the lifeblood of the business" and "no sales = no business:" -- hate to break it to you. In solopreneurship. Every part of the business is important. But knowing sales will give you the best head start Cut down all your expenses now. This gives you more runway as well to allow your mind to focus on the mission ahead

Here's some easy frameworks to help craft your value prop: SA = Specific Audience SP = Specific problem SOL = your solution Format 1: "You know how there's a lot of (SA) who experience (SP)? What I do is help them (SOL) Ex: you know how there's a lot of small business owners who are drowning in never ending tasks? We automate their sales funnel so they can get more leads, and convert them to sales" Format 2: "I show/help (SA) how to transition from (SP) to (SOL) ex: I show real estate investors how to skyrocket their cashflow with short term rentals (aka. Airbnb) Format 3: "I help (SA) let go of the frustration they feel when (SP) by showing them how to (SOL). Good luck!!

Here are the quick tips- 1. Know what you’re good at and love doing. 2. Spot where your skills can help people. 3. Plan what your business will do. 4. Begin with small steps. 5. Make your business stand out. 6. Spread the word about what you offer. 7. Learn as you go along. 8. Keep going with a positive attitude.

The best and easiest way to provide endless content is these 2 general rules: 1. Document the journey. If you're new to content simply document everything. Lessons learned, failures. Don't over think it. No ones going to care at first, but slowly people will start tuning in. Make sure you post your wins. the small but especially the BIG wins. The journey gets people interested, the wins are what gets them to pay attention. 2. Every platform works if you stick to it. Not sure which one to stick with? Simple. Figure out what is your BEST way to communicate: Video: YouTube, Facebook, Instagram, TikTok Written: LinkedIn, Twitter (X), Speaking: Podcast Find your style and post every single day!

Mantenha-se fiel à sua especialidade e aproveite o seu conhecimento de domínio. Procure novos produtos ou servi?os alternativos que tentem fazer incurs?es no mesmo setor. N?o se preocupe muito com finan?as e negocie o período de crédito do fornecedor se você estiver em produtos. Fa?a backup por pelo menos 7 meses para sobreviver com as necessidades básicas. N?o entre em escritórios sofisticados e opere de casa para economizar custos. Tudo o que você precisa é de um punhado de clientes que comprar?o de você para come?ar.

If you can, find a partner. Soloprenuership is the hardest sport on the planet. Silicon Valley loves investing in a certain type of company: Duos which consist of a sales/ visionary and an engineer/builder type Think of Steve Jobs & Woz or Alex and Leila Hormozi, Find someone who excels at your weaknesses. The Spock to your Captain Kirk. This not only reduces your workload by 1/2 but also ensures you're not trapped doing the things you hate most. Nothing drains your energy like being stuck doing things you suck at.