Feras Alhlou argues that layoffs often spark entrepreneurial drive, but the real advantage goes to founders who plan their venture while still employed. Start building while you have a salary and benefits. Only go full-time when you have a solid plan and resources in place.
Many entrepreneurs, myself included, embarked on their business journeys after experiencing major life events such as layoffs. At such times, typically resources are very scarce and then emotions are not in the right place, but the drive is there. The drive is high, and I think that's one of the main reasons why many of these entrepreneurs succeed. If you're planning on starting a business and you want to make the initial stages more manageable, you might want to start planning for that business when you have a full-time job, a salary, and all the benefits around it. But to realize that, there comes a time when you must take that leap and transition to full-time entrepreneurship. So, if the idea of starting your own business in 2024 is sparking your interest, seize the moment. Utilize your time wisely and make that leap when you're fully equipped and have a solid plan.
