BUSINESS SUCCESS

considering starting a business, then caution applies here. You would not ask your accountant to perform heart surgery. So do not ask a friend who has never owned a business about small business ownership. Likewise, do not ask someone not involved in franchising for advice about franchises.

4. CONSIDER STARTING A BUSINESS

While it may seem counterintuitive, starting a business after losing a job may be the perfect solution. A franchise can fast-track you into the business as it has a concept, an operating plan, and marketing tools. It comes with following that concept and paying royalties to the franchisor. Taking your path allows more freedom. However, you will need to consult experts for every area where you lack expertise, whether marketing, legal, human resources, or another.

5. TAKE ADVANTAGE OF CAREER SERVICES

Many universities offer alumni career services. Some employers may offer career services as part of a severance package. Some groups aid with job searches, and many professionals offer services to aid in this area.

Losing a white-collar job can be a challenging experience, but it's essential to stay positive and take control of your situation. Evaluate your finances and network, consider starting a business, and take advantage of career services. With determination and hard work, you'll find a new job that's even better than your last. w

With over 25 years of franchise experience, Tiffany Dodson, CFE, holds deep roots from senior marketing roles at well-known international franchises to recognition as a top performing franchisee, Master Developer, author, and speaker. Find Tiffany at The Salt Suite, and reach her at Tiffany@TheSaltSuite.com.