The Job Exchange

Tapping Into The Hidden Job Market

Your Inner Entrepreneur

What choices are available to the unemployed in a barren job market? The company you once worked for—or the one at which you are now employed—has dictated that you now consider and carry out your own Plan B.


Obviously, looking for a job is essential. Many of the people visiting this site are stymied with their efforts at locating gainful employment (versus just finding a “job”). At the same time, they are dealing with a sort of grief—similar to that experienced with a death—after being cut off from co-workers and a career they expected would last a lifetime. To a certain extent, this sense of loss determines how people deal with this disruption, as its effects are economically and psychologically devastating.


Some of you reading this are still employed but sense your time is coming, as well. For you, your company’s actions will dictate your next move: will you remain employed, need to find a new job, or relocate for new work? Your company will also dictate your immediate future and ability to pay bills, keep up with your mortgage or rent, buy food and gas, etc.


However, with gainful employment out of reach for so many, people are now exploring entrepreneurial options that, prior to this, did not seem terribly practical. Now, out of necessity or sheer frustration, they are.

For our parents or grandparents, lifetime employment with the same company was not only the norm, it was expected, as it formed the basis of a social contract and created a sense of mutual and fierce loyalty. Today, expectations of steady employment span no more than, at best, a few years. Workers are now as expendable as office supplies and know that when the economy falters, they will be cut loose with little or no notice or second thought, and with hardly a safety net.


When entire industries are affected, such as the financial services, manufacturing, or retail sectors, workers in these industries, having spent a lifetime nurturing careers, find themselves with no where to turn for their next opportunity.


These persons are our future entrepreneurs. The ones who, out of sheer necessity, create their next career—and the next small business—by combining their talents, skills, and passions. These folks know their jobs or the industries in which they worked are not coming back and recognize they need to do something—and soon. They must to do something with their lives that has meaning and provides the compensation to support themselves and their families.


Think back to thoughts you may have had about what, if given the opportunity, you would love to do, rather than what you were doing. What was the activity or product you always sensed would yield satisfaction on so many levels? What would offer a sense of fulfillment rarely experienced working at a conventional  job for a conventional firm?

Read the following article and see if you find it as inspirational as I did.

Weary of Looking for Work, Some Create Their Own: Plenty of other laid-off workers across the country, burned out by a merciless job market, are building business plans instead of sending out résumés. For these people, recession has become the mother of invention.

Economists say that when the economy takes a dive, it is common for people to turn to their inner entrepreneur to try to make their own work. But they say that it takes months for that mentality to sink in, and that this is about the time in the economic cycle when it really starts to happen – when the formerly employed realize that traditional job searches are not working, and that they are running out of time and money.

03/17/2009 - Posted by | self-employment | , , ,

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