Redundancy - The chance of a new beginning

Last monthTwenty EA warned that "The lack of housing stock, rising inflation and rising mortgage rates could all lead to agents running out of stock in a worst-case scenario". Added to this was the headline prediction from Russell Quirk that "On average, every estate agency branch will lose ￡80,000 income this year". If both are true, then the High Street who are dependent on high levels of transactions will look to make up that loss by reducing business costs.

Some agencies will be putting in stringent measures to combat predicted losses but others who are slow to react to changing markets may turn to making those surplus to requirements redundant. The chances are if you have read this far, then this may be a concern thats flashed though your mind once or twice before now. I hope for you, your job is safe, but if not, maybe use it as an opportunity.

Whilst the initial shock can be devastating, a tsunami of emotional thoughts and feelings can be overwhelming. As this dissipates the question of what next becomes paramount.

For many, the additional money that the redundancy brings in means for the first time there is the option of fulfilling the life long dream of starting a business in something they are passionate about.

In the UK, the three most common reasons people don't pursue their dream of setting themselves up in business are:

1. Leaving a secure salary
2. Financial worry of the first few month until money comes in
3. Self doubt

Therefore the additional money that redundancy offers means for the first time obstacle No 1 & 2 have been removed.

Just leaving a degree of self doubt, a little bit of fear, which if course is totally normal.

F.E.A.R - False evidence appearing real as your mind mulls over the extremes of what may happen if it doesn't work out. What we do know though, is everything we have ever wanted is just the other side of fear.

Th dream of starting your own business that will bring you financial security, time freedom and perhaps most importantly at this time - the security you thought you had in your job. You control your own destiny and have control over the choices you make and how much you earn.

There is a saying. The best presents don't always come in the nicest of wrappings.

It's the things you don't do that you will regret, and now you have the opportunity to take it and prove to yourself and the rest of the world if that is important to you, that you can succeed in business and make a great living for yourself.

So why not turn that negative into a positive and use the redundancy as an opportunity.

If you would like to have a chat about starting your own Estate Agency business then I would love to hear from you.