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Going from Pay Check to Payoff: Making the Transition from a Job to
Owning Your Own Business

4. Do Freelance Work for Your Former Employer

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Another way to overcome anxieties about no pay check while starting your new business is to line up consulting jobs with your former employer. Profes-sional consultants often launch their own businesses with former employers as their first clients.

Many fields today face critical shortages of qualified professionals. Com-panies increasingly use free-lance professionals for special projects and rush jobs. Downsizing firms often still need services previously performed by their employees. Those situations create opportunities for aspiring entrepreneurs and make it easier for them to transition into their own businesses.

Entrepreneurs often find it difficult to move right into a brand new business environment without such a transitional phase-both emotionally and financially. Taking on projects for former employers on a free lance basis can be a great transition into own businesses.
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