Emerging from Our Cocoons … Like Butterflies … Part I

Part I | Starting Your Own Business

I am guilty …

I believed in early March that this pandemic would pass by rather quickly and without much effect on our personal lives, businesses, or economy … well, I was wrong.

 I don’t believe a single person has not been touched this pandemic. There have been unforeseen losses, the worst being of loved ones and colleagues. In addition to these tragedies are the loss of jobs, careers, starts, finishes, celebrations, and so much more. 

Is there a way to turn this time into something that could be beneficial? Surprisingly, yes. *

We have witnessed the reality that life can change in an instant and in such a profound way that changes our way of life. During this time, most are likely considering life paths and goals; and of course, a significant part of these are JOBS/CAREERS/EMPLOYERS.

* If you are dealing with a loss, there is nothing that can mitigate this | We pray you and your family come out of this time with some semblance of normality & we extend our deepest condolences.

PART I | IS IT THE RIGHT TIME TO THINK ABOUT A CAREER CHANGE

How About Starting Your Own Business?

 “… Provisions under the CARES Act do not require those receiving unemployment benefits to be actively seeking work; you could use this time to start a new business.

 In 2012, the Middle-Class Tax Relief and Job Act authorized $35 million in funds to encourage states to enhance and promote Self-Employment Assistance (SEA) programs. SEA entitles unemployed individuals to claim jobless benefits while simultaneously gaining access to small business development assistance. An individual with a “viable” business plan can continue to receive unemployment benefits if they are working full-time to get a new company off the ground.

Under this program, individuals receive financial aid equal to their unemployment insurance benefits for a maximum of 26 weeks while they receive entrepreneurial training and other resources (including counseling and technical assistance) to help them launch a business.

However, note that you are not eligible to receive extended unemployment benefits if you participate in the SEA program — you are limited to 26 weeks of payments. You may not be eligible to receive the additional $600/week in federal assistance. Check with your state’s Department of Labor to see if they offer a SEA program. (As of March 2020, the states of Delaware, Mississippi, New Hampshire, New York, and Oregon have active Self-Employment Assistance programs.) …” Speak to an attorney or a SCORE Representative (SCORE = the nation’s largest network of volunteer, expert business mentors – www.score.org).

 Take advantage of the programs available to you | Many of these are paid for through state and federal funds | THIS ISN’T CHARITY | These are programs paid by tax dollars, and the goal is to get you back working again

Think about where you want your career to be one year from now… How about five years from now … Take this time to move closer to these goals

Book A FREE 15-Minute Consultation with Me

https://fitzpatrick-consultancy.youcanbook.me/

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