How Layoffs Can Inspire Entrepreneurship


After being laid off more than once in your lifetime, you know it’s coming: The closed door meetings…the awkward glances and chit-chat from higher-ups… the silence… the tap on the shoulder…

“Could I see you for a moment?”

You walk into the room, and the door shuts behind you.

“We’re going to have to let you go.”

You sign off on the final check tallies. You pass by the sad disappointed faces as you partake in the walk of shame to your cubicle. You pick up the white box and collect your magnets, photographs, flower pens and heart-shaped sticky notes. As you make your way to the automatic sliding glass doors, you calculate in your head if you can make it until that first unemployment check comes. You wonder what you will tell your family and friends.

For most jobseekers, the usual protocol is to make a job search an 8-to-5 occupation. But what if there is something more you want out of your life and career than just another job? What if you are a creative person who wants to put your ideas to good use to make a living and make a difference in the lives of others? What if you are a hardworking person with leadership skills who just hasn’t had the chance to show the world what you are made of?

In this case, you may see yourself leaning towards taking the entrepreneurial leap.

It’s not easy running a company and this is by no means a guide on how to startup a business, nor will I detail the potential pitfalls of starting a business (for that you should check out a previous post on the Caypen website 3 Reasons Why You Shouldn’t Start a Company). But here are some reasons why being laid off may just help in your future career as an entrepreneur:

Continue reading