If you’ve been laid off, it’s time for plan B #Habits

7 May 2020 · 1 min

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TJ Walker delivers a short, direct message to people recently fired or laid off, urging them to prepare a Plan B by spending half their time job-hunting and half their time launching a low-cost business. He supports this with a personal anecdote about struggling to find work in a past recession and gives practical advice: identify a sellable service, avoid heavy fixed costs (no office), and begin marketing online to generate income.

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It's time you and I had a little talk. If you've been fired, if you've been laid off in the last two months, you're not alone. Hundreds of millions of people around the globe have lost their job. Now, I hope your job comes back. I hope your industry comes back. But it's time to start planning for plan B. What if it doesn't come back? Twenty years ago, in a recession, I couldn't find a job. And I looked and looked and looked. And after a while, I realized I might not ever find a job. That's when I started my own business. My recommendation to you, spend half your time job hunting, but spend the other half of the time starting your own business. Don't think of yourself as a business person. I didn't either. But figure out what service can you sell. Don't spend a lot of money. Don't rent an office building. Just start marketing it online. Start to make some money.