3 Reasons Why You Should Turn a Career Setback into a New Small Business

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Experiencing a setback in your career can leave you feeling anxious. Whether that setback is minor or major, disappointment is never an easy feeling to process. Instead of getting down on yourself, however, why not use this time to build yourself up with a new business? That may sound crazy, but lulls in your career can provide the perfect timing and opportunity to get a new business up and running. All you may need is a little information and a little push to get started. That’s why you may just find these confidence-boosting tips and insights useful:

Online Business Resources Can Be Extremely Helpful

If you’re not sure where to start with a new business, then online business wikis and resources can definitely provide some clarity. For example, Oberlo outlines all of the tips, information, and tools you need to get a new ecommerce site off the ground. With helpful insights into growth hacking, SEO optimization, ecommerce branding, and customer service, you can use the ecommerce guide to quickly set up a new shop and start generating profits. If you need funding for your business, online resources can help you out with this as well. You can use the these informative online sources to decide whether self-funding, investor funding, or even crowdfunding is your best bet for sourcing the capital you need to get your new business off the ground and booming. Finally, if you are not sure what type of business to start, you can also find new local businesses using online resources. This can give you a better idea of whether your business will be in-demand or will oversaturate the market.

Tech Tools & Smartphone Apps Can Help New Businesses

After the stress of a setback, you may want to look for the easiest and most efficient way to start your new business. Saving yourself additional stress and headaches can be so important for your overall health and wellness right now, and you can prevent yourself from getting too overwhelmed with a little self-care and some smart business tools. For instance, if you want to grow your new business, management tools such can take your business to the next level with less effort. For example, Square offers comprehensive POS systems, simplified payroll software, and integrated inventory management apps that are surprisingly affordable. Plus, these helpful tech tools can save you money and time by making your processes more efficient. Speaking of apps, if you have a smartphone, you can also take advantage of business apps that can make your daily work routine more efficient. From productivity apps to expense tracking apps, there’s likely an app to fit your needs.

Starting a New Business Can Help Improve Your Confidence

After a career setback, it’s normal to feel down and defeated, but it’s also helpful if you can view those temporary setbacks as major opportunities for future success. Failures definitely come with a sting, and it can take some time for the emotional wounds and feelings of shame to heal. Once things begin to feel more settled, however, try to find the lessons in your career setback. Focus on what you were able to accomplish in the situation and how your current path really fits into your long-term goals. Having this sort of objective focus can help keep your self-esteem from dipping, which can give you the energy to try something new! Get creative or try a business idea you’ve always had in mind. The key to succeeding with these ventures is confidence and determination, while pressing forward and not dwelling on negativity is essential to moving on from your setback. Need to build your confidence back up before you start a new business? Focus on self-care practices like doing yoga and eating healthy.

Temporary setbacks don’t have to leave a permanent mark on your life. Give yourself some time to process those confusing emotions, but then be sure to get back out there and try again! By starting your own business, you may discover your true calling in life, or you may at least find a sustainable source of income.

One Comment

  1. Couldn’t agree more. I started my own business 5 years ago and I couldn’t be happier that I did. A good way to save money is using a reliable accounting software instead of hiring a traditional accountant. That’s what I did. Not only did it save me money, but I feel like I understand my business more now.


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