Gone are the days when staying at one firm for decades and retiring at the age of 65 connoted loyalty. Except for government jobs or PSUs, no private companies offer pensions, leaving people to fend for their own retirement plans.
With just a smaller share left at the end of the tunnel, people nowadays are becoming more inclined towards searching for better opportunities (read: endeavours) that give them both creative and monetary satisfaction.
The dream of being one's own boss is what leads many people to start their own businesses. But leaving a stable job that yields your daily bread-and-butter only to fulfil that vision is a decision that shouldn't be made in haste.
Though there exists no sure-shot way to make your 'million-dollar' business venture successful, there are certain challenges that might befall you while you quit your job in a hurry to make that first move towards your venture:
Make sure you settle all the dues during your tenure at work, get all the paper work completed on time and avail membership to forums like TiE, etc.
It may sound brutal that owning a business isn't viable for everyone. However, exploring it as an option might drive you closer to figuring out what you want to do in the next stage of your life. Once it has been sorted, the rest is just about effort and commitment to stick to the plan!
The author is Chief Operating Officer, CareerCo.in