
When the recession hit the international economy a couple of years ago, many people who had previously held comfortable positions were suddenly laid off. For many, this represented an opportunity to get into business for themselves.
An article in the New York Times last month documents the experiences of some of these people who went from white collar workers to small business owners. While their original jobs were seemingly stable (plan A), the move to small business ownership has been quite rocky (plan B).
It’s a rude awakening for many who see small business ownership as a way to gain more control and more freedom, since entrepreneurship can oftentimes bring greater stress and longer hours. As such, some of these people are now looking toward possible plan Cs, especially since the financial stability of owning a small business isn’t quite the same as getting a steady salary from a conventional job.
There is absolutely something to be said about sticking it out and fighting through the rough times. It is only through perseverance that you can achieve any real success. At the same time, you also have to recognize when changes need to be made and the move to plan C may be the right thing to do.




