Ask HN: I just got laid off. Now what?

Re:Ask HN: I just got laid off. Now what? by usamaqasem on Tuesday February 15, 2011 @03:04AM (#2220547)

The question is do you feel you are ready to start your own business or is it just the fact you lost your job. My advice to you, having the idea of starting your own business is great and I encourage to do this if not now maybe later, the feeling of satisfaction of doing something you are passionate about is unlimited and will always drive you to do more.

Starting business is not only about knowing what you want to do or how to do it , there is many factors you need to know before you start your own business, like business itself, law, finance and management.

Look for a good job in the same domain you want to start your business in and start planning your business accordingly, and try to get involved in everything required from you to succeed.

Having your goals set in early age is great.

Good luck.

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Re:Ask HN: I just got laid off. Now what? by jinfiesto on Tuesday February 15, 2011 @11:14AM (#2221737)

I was going to quit soon anyways, but now that I've been placed in this situation, I'm just torn between educating myself further or diving into a business.

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Re:Ask HN: I just got laid off. Now what? by usamaqasem on Wednesday February 16, 2011 @02:30AM (#2225519)

There is nothing wrong with losing your job; Steve Jobs lost his job once. Many other successful billionaires, we all share a piece of the failure cake.

My advice is:

1- Get your hands dirty in some sort of business, but don't waste all your savings.

2- Get into the market, talk to people and do some market studies, look for a niche in the market, try to start in a small jurisdiction and keep notes of everything.

3- Learn about all aspects of business, as I said before, law, finance and management. Some marketing skills, and work on your social skills.

4- Get some entrepreneurs friends, online and better in real life.

[ Parent | on HN ]