A lot has changed over the past few years. Faced with the personal and professional challenges of this life-changing pandemic, people everywhere are reassessing what is—and what is not—important in their lives.
One area that has been under constant scrutiny since Covid started is our endless devotion to work. Perhaps it was staying at home for months at a go. Perhaps it was spending quality time with our families. Perhaps it was the economy. Or, it may have been the realization that we would be happier and more fulfilled in another job altogether.
Regardless of the reason why you may be considering a switch, here are some of more common career paths and how we can help you get there. And succeed.
The Start Up
Starting a new business can be wonderful and rewarding and hectic and chaotic and difficult, all at once. If you are somebody who has always dreamt of running something new on your own, now may be a good time to consider it.
It’s important to note that having a great idea is not a business. You have to make sure your idea can not only become a business but also succeed as a business. This requires a business plan, financial backing (sometimes), some financing (always), focus groups, thorough research on the market and where your product or service would fit into it, and that’s just the beginning.
There is a lot of preparation that goes into starting a new business and that’s before you even have a product in your hands or a service ready to go. Most of all, make sure to surround yourself with people who know better than you in the critical parts of a company, including accounting, business development, design, and securing intellectual property rights, where we can certainly help.
Business Ownership
Perhaps starting something new is not your style but you may be interested in owning something that already exists or can be obtained. For many, this could mean opening up a local café, a restaurant, a specialty shop or even franchising a popular chain store. Or you may want to open an online shop or service.
Before you look into whether the particular business you’re interested in is worthwhile, there is a lot of research to do before you’ll know whether this is a good decision or not. The finances have to be examined, business plans have to be established… the due diligence that goes into acquiring something can be very lengthy and detailed.
Find something you love, determine the viability of the location, the product or service, and then start your deep dive into how the existing business is going. And of course, ask why are they selling. More than once.
Be prepared to handle contracts, leases, bank accounts, zoning, permits, employment regulations, supplies, and many other factors that go into running a business. We can help you before, during and after you get started. Our subscription models are made for these types of services.
And once you are set up in an established business, your dreams may come true. You will be the boss. Finally!
The Gig Economy
One thing we know for sure: the gig economy, including deliveries, drivers, shoppers, anybody willing to go out and about on behalf of the community, not only served the greater good these past few years but became essential to many people’s survival.
You may be tempted by the gig economy as an alternate career. There is money to be made here. And there is certainly room for growth and innovation. This includes mobile pet grooming, dog walking, cleaning service, anything and everything that is needed in your neighbourhood and then, hopefully, beyond. It’s hard work, but there is a need in many places. And you can generally set your own schedule, choose your own clients, and enjoy a decent quality of life if managed correctly.
We will look into the pros and cons of working in the gig economy in the coming weeks, so you can decide for yourself if this is the new career for you.
The Takeaway
As you can see, there are many things to consider before making the leap from one career to another, even if the leap is small. We’re able to advise you on names for your new company, every kind of contract that you may need, from employment contracts (for you or for your new employees) to leases.
Having a legal professional on your side can be invaluable in these times. We can provide you with solid advice on a wide range of matters that can make a big difference in how you settle into your new career, and how successful you will be. Join the more than 4,400,000 people already protected by LegalShield and sign up today!
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