During an economic recession the best way to keep your job might just be to become your own boss. Instead of complacently going into work each day, fearing that your supervisor might inform you of another corporate cut back that now also includes you, why not just run your day on your own schedule, complete projects at your discretion, and make all the executive decisions yourself?
While the idea of starting a small business might sound far-fetched for many, especially during times of economic meltdown, this approach may actually be one of the safest options available right now. Judging from recent economic trends, becoming your own boss might be the only way to gain any degree of job security in the current market.
Personally, I've really enjoyed the flexibility and creativity that being self-employed has offered. Last summer, I began doing independent consulting work in Upstate New York and then shortly thereafter started my own consulting firm. Friends of mine have been laid off since, but I've never been busier. I am currently working on projects for a total of ten client organizations and sifting through snazzy business card designs for my company.
One big advantage of being self-employed is that you can never get fired. Nonetheless, you may find that you actually become the hardest boss on yourself to make sure that all deadlines are met and that your clients are kept happy. I am constantly multi-tasking and often work nights and weekends. I've learned a lot about my capacity for self-discipline but I've also learned about the pleasure of making an important business call in my pajamas.
- Peter
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