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Web Design Gravesend, Kent [UK]. Professional bespoke Web Design for the Small business. Contact Leigh today for a FREE quote.

Redundancy can open many new doors!

Redundancy can open many new doors!Suddenly, you receive the dreaded letter, the final notice from your boss that informs you that your services are no longer required.

With recession on the increase and the economic climate on the decrease, many people are currently finding themselves becoming victims of redundancy. 

New opportunities

Redundancy can be a traumatic time for most, especially for those that rely heavily on that secure regular income. However, finding yourself in this situation does not have to be all doom and gloom.  It is a bizarre but true fact that as the economy slows; the rate of new business starts increases.  One factor that greatly contributes to this phenomenon is the large number of people who find themselves victims of redundancy. Rather than face the prospect of job hunting, application forms and interviews, many regard their situation as an ideal time to do something that they have wanted to do for a long time -- become self-employed by establishing their own business.

Become your own boss

There are many reasons why people decide to work for themselves.  Perhaps in the past they did not have the time because they were too busy earning a living, or maybe they did not have the finances to cover the initial start-up costs.  Some loathe the idea that their skills and experience line other people’s pockets; whereas others want to try something different, learn new skills and acquire new experiences.  A large redundancy cheque can create any number of new opportunities that were not previously possible.

Competition is good

You may be thinking, "if a large number of people are all starting new businesses, why bother jumping on the bandwagon!"  Competition is not a bad thing. In fact, competition often drives people to succeed in whatever endeavour they choose.  It just means that you have to do things better than your competitors.  It's surprising but true that in any economic slump there are always new opportunities opening up for people who are able to provide more personal or more innovative products and services.  You just need to learn how to be more competitive!  Business is all about competition.  Alas, due to the very nature of competition in business, your competitors will always be trying to beat you too!

Chance to build your empire

More good news though for the new business entrepreneur, day by day more and more companies are struggling due to the recession.  These companies are either downsizing (due to cost-cutting exercises) or totally closing down.  The niche market they once controlled is now up for grabs!  This situation provides new business with the opportunity to enter the market before established companies can expand on their existing business.

Get on the Web

You will need to get yourself up and running, and functioning online. An online business can be just as successful as a traditional high street business – perhaps even more so.  What ever business you decide to develop, a Website will be crucial to its success. It is vitally important that you are able to communicate effectively with your customers at all times.

Stick to your budget

Unfortunately, the Website design industry is no different to any other. It too is a business that functions to make money. An efficient Website that effectively builds credibility with your customers and makes you loads of money -- will cost you.  If you have limited funds, getting a small Website that enables you to establish an Internet presence can only help.  You can always add to it at a later date.  It really doesn’t matter what sort of business you want to start up; having a Website is your permanent and personal calling card on the Internet. It will enable potential customers and clients to find you via search engines and act as a centre of operations that other forms of advertising can be directed towards.

Explore your idea now!

So, want to start up your own business? Got a brilliant business idea? Want to be one of those self-made millionaires you hear so much about?  Now is probably a good chance to give it a go.  But don’t expect an easy ride.  I know I have been there!  It has its draw backs.  There’s long hours and tax returns.  But working for yourself also has many advantages. My favourite is that I can work in my pyjamas.  Only joking! It’s all up to you. You need to work hard and stay focused.  Think of all that extra money you will be earning.

Useful Links

The following resources are Websites that I have found useful. They provide free information and advice including, business, redundancy and how to start up a new business.

http://www.businesslink.gov.uk
http://www.startups.co.uk
http://www.prospects.ac.uk
http://www.inbiz.co.uk
http://www.fsb.org.uk
http://www.redundancyhelp.co.uk/
http://www.redundancyforum.co.uk/