20. Be your own boss?
‘He travels the fastest who travels alone.’
What are the key financial issues involved in kissing goodbye to the corporate life in order to do your own thing? Whether you make the decision or your company makes it for you a recession is paradoxically not a bad time to go it alone.
It depends, of course, what business you’re in but setting up your own business works particularly well in a recession if your job is one that a large organisation can choose to either do on its own or sub-contract. Training and IT are probably the two classics. When a company looks for cuts during hard times those in charge often look at these two areas and decide to cut the in-house option in favour of the freelance one. (Training ...