Lost your Job? - Be your own Boss

Have you ever thought how cruelsome it may feel when you come one fine day to your office and realise that your company owing the market recession is downsizing-and you fall a victim to it? Even worse, comments from your neighbours: "Oh, what a shame that Mr. Manager had to go back to his country because he lost the job!Seems the next turn goes for you!" What is it that you will particularly do in that kind of odd and alarming situation-perhaps thinking for alternative options.Some people would bluntly say: " Well, if I had to leave than there is possibly no choice for me" while the smarter and more business focused employee would prefer to be their own Boss! Yes-thats the answer-rule your own place and be your own Boss.

We asked  Dr. Tahir Akhtar, the chairman of Dubai Business Advisors, a firm assisting the SME market in starting up their own business and providing advice on it, and he said," We have recorded a year-on-year increase of 47 percent in new business incorporation from individuals who were previously employees in the UAE. These entrepreneurial-minded people saw the tough job market as an opportunity to create long-term equity by employing their skills to their own business."

When being asked about the general sentiment for starting your own business, he says that,"the inability to secure employment was a major factor, but a number of individuals were considering owning a business while they were in employment . For most, the satisfaction of owning a business and the ability to make decisions outweighs all other considerations."

This does mean that DBA has given  a second chance to employees (who lost their job) to stay in the market,helping to not only start their business but to make it actually run