Facing retrenchment? Here’s 5 tips to start a business

Retrenchment is a word that can strike fear into the hearts of even the most seasoned veterans of the corporate world. In fact, the longer you’ve been with a company, the more daunting retrenchment can seem. Will you ever be able to find another job as good as, or better than, this one? Will you end up in a job you hate, through no fault of your own? And during a global pandemic and economic downturn, prospects look even bleaker.

But what if there is another alternative? What about being your own boss? What about taking your years of experience, knowledge, network, and starting your own business, rather than entering the recruitment merry-go-round? You might have something to offer the marketplace, and taking ownership of your own future is empowering and rewarding in a way a salaried job usually isn’t.

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