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Created by : Amrita , Animation/Graphic Artist, Creative design  | 12 27 2010 07:28:48 +0000
Industry : Human Resources (HR) ConsultingFunctional Area : Talent Management(People Management)
Activity:  1982 views;  last activity : 10 11 2012 04:56:47 +0000

Recession had a great impact on the job scenario in many market and people were laid off like anything, but today things are looking good and hiring is happening, but still people loose their job for many reasons and circumstances. So, what will you do if  you lose your job?  Seek another job immediately or will you start your own business.

 
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Seek another job immediately Vs Start your own business
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I think seeking another job immediately would do a good, than starting our own business, starting business is something which is an unknown entity we are never sure whether it will be a success or not, but based upon our experience we can enter another organization where we know what we can really do and what it can fetch for us...its a known entity and the future will be secure.  But many might not agree on this..and there will be various circumstances through which many might decide on starting on their own..but according to me seeking another job would be a perfect idea.


By Amrita , Animation/Graphic Artist, Creative design  12 27 2010 07:28:48 +0000
 
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This reminds me of an article published in The Hindu long ago titled "When do you need a doctor?" The answer is when you don't need one! We do not dig a well when we need water. We dig it well in advance! Similarly you always keep on looking for good opportunities and keep yourself in circulation. Never start a business when you lose your job. Always plan ahead and start the business while in the job and let the transition take place slowly !!
By Suryanarayan Murthy, Free lancer  04 11 2012 05:25:16 +0000
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Starting a business is altogether a different proposition. It takes years of planning and execution to set one right. Though, there are instances where you have no where to go and hence end up starting a business either with your jobless friends or all alone. But to be on the safer side, its better to try harder looking for some job even if it means coming down on the salary and then plan ahead to establish a business of your own.
By Saibal Ray, SQA, confidential  | 08 15 2012 09:41:30 +0000
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Amrita I agree with you but at the same time the person involved should, if situation permits, look for an opening in business since the person concerned already in new job.


By Rathin Deb, Advisor and retail consultant, currently as Branch Manager, Tower Infotech Ltd  | 08 13 2012 10:40:23 +0000
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after analysis with out wasting your time should start looking for job immediatly, use cotacts and references
By rajender sen, Assistant Manager-HR, STAR BIOTECH  | 08 13 2012 09:38:08 +0000
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Everybody can't start own business,but all can search jobs,We have to keep in mind if we are talented there is no recession,Recession occurs to underestimated person in your company report submitted to Hr dept.Better to quit and come to your world where there is hope.
By VIMALAN , DIRECTOR, VIRGIN ENGINEERS  | 06 08 2012 12:00:07 +0000
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loosing a job will be best turning point of of your life if you use it as analysing time. analyse yourself your drawbacks & come forward with a new step toward perfection. world will give you opportunities even in the worst days. be hopeful & hard working.
By Gourav Sarmai, B.Tech/B.E. student, chandigarh group ofcolleges, gharuan  | 04 27 2012 10:16:40 +0000
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I WILL DRIVE A TAXI .FROM KOKARNAG 2 SONMARG VIA SOPORE..to verinag as iam daroobaaz soottebaj piyakkar driver
By Ajay Blacksmit, administration, india  | 04 15 2012 08:04:23 +0000
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I agree with Amrita, I will search a new one because past is dead, if one remains on thinking and thinking only it can contaminate you and mind both which will left you hopeless like a pessimist. Be optimistic it can be a turning point in your life.
By Kaisar Ahmad Mir, Program Manager, Jan Shikshan Sansthan (ANHAD)  | 04 11 2012 03:39:08 +0000
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Dear Mano, you better look for another job. The so called bond would not be aplicable in current scenarios provided you have all the proofs of what you said here. No one can stop you to change your job.

 

Besides, in India there is nothing like bonging labor, you have all the liberty to change your job provided it doesn't affect company adversely. and If does, so no one can deny the fact that you performance is up to the mark and are eligible for all the promised perks, etc.


By Khem Raj, Sr. Manager - Online Marketing, IDZ Solutions  | 04 10 2012 09:02:29 +0000
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Well, I think this question doesn't make any sense. You're skilled in field where you were working and now you lost your job because recession had a great impact on that particular market. So, starting another business withing same domain during recession doesn't make any sense. isn't it? Though, if one really wants to start a business he/she will have to wait for the favorable time, meanwhile you better look for an another job or sit idle if you can afford it
By Khem Raj, Sr. Manager - Online Marketing, IDZ Solutions  | 04 10 2012 08:54:08 +0000
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Job market is always volatile. if you have right credentials you can get a new one ,. i agree with Amrita
By sheriff r mohideen, planning manager- engineering dept, FMG limited  | 12 01 2011 13:38:42 +0000
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hi, for more than 1 year i am working in this xxx IT company.While joining as a fresher , i signed 2 year bond. Probationary period is 6 month.Here there is sick leave and also vacation leave available.But he never gave leave without reducing salary of those days.Suddenly he terminated me from job,coming month he must give increment for me.I gave good performance,he also praised me for my performance many times.For us weekly sunday only holiday meanwhile I am working for more than 11 hours daily in this company. He also asking us to work on government holidays, salary for these day is not double pay.Now he is saying that my performance was not good.So terminating from job like that.I know my performance and my stuff.What i must do at this situation.
By Mano , B.Tech/B.E. student, Anna University  | 11 30 2011 12:19:17 +0000
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Ithink seeking another job immidiately is best option rather than taking risk
By Dinesh Singh, Project manager, yash infra road ltd.  | 01 29 2011 16:45:49 +0000
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Better option is to seek job and be stable as Job give you security. But if you think that you own business and you have experience in the business you wan to start and have strong feeling then Please go with it, its not of loosing money its a kind of achievement...... and more.
By Sikander Mandal, Product Manager, Ubele Solar & Soft. S.L.  | 01 29 2011 16:30:55 +0000
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Seeking a new job would be a better option if you are thrown open into the unknown at an unexpected time. However, if you have any intentions to start a business, you can but only if you have the financial back up to undo all your stupid decisions.


By Saibal Ray, SQA, confidential  | 01 29 2011 16:20:17 +0000
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According to my point of view I will start looking better job.. Because starting a new buisnes means loose of money becoming financially tight.. If u make urself financial free then u can start of thinking ur own buisness..
By Revathy Venkitesh, Traffic Assistant, Global Aviation & Services Group  | 01 29 2011 15:37:53 +0000
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Rakesh, agree with you


By Manoj Pande, Corporate Advisor  | 01 29 2011 15:16:31 +0000
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Obviously seek another job or if you are the more adventurous kind, look for some business opportunity.
By Jaygopal Raghavan, Marketing Manager, Landmark Group  | 01 11 2011 17:51:51 +0000
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IT'S A ROUTINE PART IN PRIVATE SECTOR THAT THOUSANDS OF PEOPLE LOOSE THEIR JOB AND THEY GET THE JOB ALSO NO NEED TO WORRY.

SEEK ANOTHER JOB AT THE EARLIEST POSSIBLE DON'T ALLOW YOURSELF TO FRUSTRATE AND FACE THE SITUATION ALMLY AND PEACEFULLY YOU WILL BE THE WINNER. ALWAYS AVID IRRITATION,FRUSTRATION ,DEPRESSION AND FACE THE INTERVIEWS AS IFYOU ARE WORKING SOMEWHERE.


By rakeshbhatnagar , GM Projects., wig brothers india pvt.ltd.  | 01 02 2011 11:17:40 +0000
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Its good to search another job immediately. will follow principle not to take tention or not to be frustrated. thr are so many job opportunities knocked the door only need is to see which is the best one.
By priti inamdar, MBA Finance, student  | 01 02 2011 10:52:40 +0000
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Agree with your point of view Amrita.


By Rathin Deb, Advisor and retail consultant, currently as Branch Manager, Tower Infotech Ltd  | 12 30 2010 12:09:34 +0000
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ya when we do a job we analyze the conditions hold i the organization.
By Asid , Front Office Executive, Virka Infotech Services  | 12 30 2010 07:39:16 +0000
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I think seeking new job is better. But, if you have very good contacts,experience, sufficient finance then one can start business. But in such case you need good patients till you get success.
By parag mehta, Service Engineer, Labindia Instruments Pvt. Ltd.  | 12 28 2010 17:24:33 +0000
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I have got good contacts with the customer base from different market segments. Hence I am very confident in seeking another job. Customer base with good contacts is the asset for any sales & marketing professionals. Thanks for the referral Ms.Amrita.
By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 12 28 2010 16:20:30 +0000
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Seeking another Job immediately would be better if anyone dont have strong background financially and mentally to start his or her own business, in fact starting own business is not at all easy now-a-days considering the stiff competition irrespective of the industry types...
By Rajesh.P. , Assistant General Manager - Finance & Accounts, Pon Pure Chemicals Group of Companies  | 12 28 2010 15:21:33 +0000
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For those who used "godfather" to enter into the position, apparently losing his job due to his inefficiency, he would get tougher to find another job immediately, as he would have to seek another "godfather" to gain entry! For others, the best thing would be to find a suitable job immediately, without wasting time any further!
By S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner  | 12 28 2010 14:34:49 +0000
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Quiet simple. I look for an alternate suitable job. I will not remain sacked up in corner. It's quiet common for me.
By KALIYAMOORTHY , Oil & Gas Area Coordinator, Undisclosed  | 12 28 2010 13:57:32 +0000
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I will look for other job.As to start a business after loss of job is a risk as every one have it's liabilities for every month
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 12 28 2010 13:48:16 +0000
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If you are efficient in your job, getting a new one should not matter much. For this to happen early, maintain a good relationship in the market & with all your employers - current & previous. And to start a business when you are jobless - is not the correct time. Start a business when you are comfortable in your job. Because your job not only supports you financially, it also generates contacts spontaneously, which is an important factor to establish a new business.
By SANKAR PURKAYASTHA, Sales Promotion Manager, PODDER & PODDER (EQUIPMENT & pROJECT) PVT. LTD.  | 12 28 2010 13:15:24 +0000
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I am absolutly agree with ur view that firstly core knowledge is must important before commencing a business thatzwhy it includes the risk of failure.....
By RAJENDRA S. BAGHEL, Exec. Finance, Io-Global Services P Ltd  | 12 28 2010 12:50:44 +0000
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Of course I'll give my best to get or to search next job or opportunity
By Shephali Shaligram Bhagat, Bio-Medical Engineer, Govt of Mah. Health Services  | 12 28 2010 11:48:33 +0000
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If it is for opinion seeking then the priority is with one whether the confidence level in him makes him to choose a job or start his own business. But no harm in trying for a job and then see if u don't get it try to put ur hands on own business.
By Rajendran Mariagnanam Mariagnanam, Founder and managing partner, Braintrain consultancy services LLP  | 12 28 2010 09:40:08 +0000
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Under the prevailing situation hunt for a suitable that matches your skill and stick on to the same. job portals are open with plenty of job vacancies but it is not advisable to switch over frequently. . love the job you have chosen for yourself work with dedication get familiar with thetrade make friends and acquire the talent nec essary to redefine your skills and remain powerful and improve your qualification besides doing your work . nowadays it is very difficult as competion is quite high as another substitute is waiting to grab the oppurtunity to scale up his chances at any remote location. keep alert and work with confidence and keep communicating with oters to strengthen yourself or atleast learn how to administer jobs to others and avail the credit for you,
By venkatraman bhaskar, trainer  | 12 28 2010 08:26:24 +0000
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Experience is an intangible asset which can not be lost, so depending upon your experience you can seek for another opportunity in the market
By shrikant sawant, Financial Analyst, sg analytics pvt. ltd., pune  | 12 28 2010 06:36:26 +0000
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you may lose your job for no good reason But it does not mean, you are out of the game. Obviosly the previous employer was made to believe you are incapabale of discharging the portfolio the way he anticipated and something rolled out eresulting in losing your job. this is the time you neeed to pick up courage and gather all statistics that resulted in your failure and work out new strategy that will bring killing instinct to perform better than before and stabilise yourself with additionaal responsibilities necvesssitating your ouster impossible.
By venkatraman bhaskar, trainer  | 12 28 2010 04:12:38 +0000
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it depends how i loose my job...if i lose it because of my fault i will never try to search for a new job but if it is not because of my fault than i will search for new one and also try to do more impressive bussiness in place of that job or will try to have bigger job than that....
By Himanchal jhariya, Freelancer, Publishing  | 12 27 2010 13:44:36 +0000
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if u have enough potention to do ur business than u must go for that otherwise try to new one
By raman kumar, Customer Support Engineer/Technician, afore serve .ltd (HCL)  | 12 27 2010 12:44:52 +0000
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one should leave his/her job and start business, if they well planned before but should not if they lost their job.
By Ravindra Singh, Service/Maintenance Engineer, Sohar Aluminium LLC  | 12 27 2010 12:30:33 +0000
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yes! you are absolutely correct. Doing knowing thing is better than Doing unknowing thing.


By reddy gopal naidu, Software Developer, infosourcetech  | 12 27 2010 11:42:36 +0000
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The question is subjective, however if I loose my job personally I will start looking out for a new job for the simple reason that only if i am oriented and planned towards taking the entrepreneurial route will I be successful in it. But good thought provocation now will start contemplating a plan to be enterprisingly prepared for the next recession.
By Niraj S Kakkad, Manager - Wealth, Investascent Wealth Advisors Pvt Ltd  | 12 27 2010 09:50:46 +0000
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starting a new business is not that easy as it is easy writing..if you want to start a new business you have to start planning for it for a while..if you have time and supports then it will be easy..otherwise start finding a new job..
By sudipta saha, Consultant, SC analytics pvt ltd.  | 12 27 2010 09:39:50 +0000
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In such a situation, one should hone his/her skills along with the Resume and apply for another employment. There is one more reason for this; Since the person was terminateed due to recession (lack of business), it'll not be advisable to start own venture as it would be very difficult to get business. So you'll be dooming yourself into a deeper trench. Hope for the best and apply for a job is the best strategy in such a case. Another opportunity is that you can proceed on a sabattical and do some real good work to improve your academics/ get a degree or diploma so that you are engaged till the recession is over and you are better equipped when the economy is recovering.
By RENJITH K K, HR Officer, Hindustan Petroleum Corporation Limited [HPCL]  | 12 27 2010 09:02:42 +0000
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Some employers are facing temporary difficulty in the current economic environment and may be looking at either reducing the overall size of their work force, or the number of paid hours their staff work. The Job Support Scheme will go some way to reducing the number of employees who may lose their jobs through redundancy.The Job Support Scheme is one of the Government’s initiatives in response to the current economic situation. Work and Income has an important role to play by supporting employers and helping employees keep their jobs.
By MD.Ansari , Asst Manager Sales & service, Haiger Bus Air-Conditioners  | 12 27 2010 08:57:55 +0000
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It has been my method in my career to look n get selected for a new job b4 leaving an exsiting one . But may be after 5 years i am planning to start a consultancy on my own
By sheriff r mohideen, planning manager- engineering dept, FMG limited  | 12 27 2010 08:44:43 +0000
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Sure, will go for searching a new job
By Sasidhar Gogulapati, Software Engineer, Cisco Systems  | 12 27 2010 08:41:53 +0000
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well as at this point of time i havent got a job and no supporting assets to start a business so searching is the top priority so definetly vote goes to job hunt
By prateek choudhary, PG Diploma student, maya academy of advanced cinematics  | 12 27 2010 08:33:22 +0000
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Start finding another... And in case you are financially strong and ready for a business, you can jump either ways!
By Satwinder Singh, Program Manager, Confidential  | 12 27 2010 07:53:06 +0000
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obviously.to seek another job will be more favorable..as starting a new business would require a lot of patience & risk when you don't have a job in hand..the other reason is when you have a responsibility of family & survival..the immediate action after loosing a job will be to get another job immediately...
By Ishan Dave, Animation & Film Making  | 12 27 2010 07:35:32 +0000
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I agree with Amrita.Enjoy the forced break and train yourself to seek another job
By Mohammad Bakhsh, Consultant(Civil), Rail Vikas Nigam Limited  | 12 27 2010 07:35:12 +0000
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An innovative man will never be upset even if he loses his job. Market is big, talent is ample, then why to worry, everything right will happen if we think out of the box. It depends from person to person whether to seek another job or start his own business or become a consultant or anything. But make sure that you are doing something which is of your best competency. Regards, Edu Ahead. Bangalore. http://www.eduahead.com
By Edu Head, CEO/MD/Director, Orbinet Technologies  | 10 11 2012 04:56:46 +0000
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Have an icecream for celebration.
By Vinoy Scaria James, Tour Consultant., Guiders Mission Tours & Travels  | 04 16 2012 22:07:24 +0000
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Better to utilize our skills & abilities with in a new direction & do the needfulll.....
By Tejaswi Dubey, CEO, Aastha HR Solution/www.aasthahrsolutiuon.com  | 04 16 2012 05:49:00 +0000
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i agree with murthy sir, the time to buy warm clothing is in the summers. this journey is a train - it just keeps on running at its own pace without slowing down - when it crosses your platform you better be up and running - else you are likely to fall.  


By Brigadier (Retd) Sunil Chadha,, Nil  | 04 15 2012 05:15:53 +0000
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there are two type of people, one who get emplpyed, other hire employee, it all depend upon your mindset, there are lot of people, who become employee first but they see and realizes the limit ness and myth about a security, they make shift to become employer or self employed--- due to them rest people , who are votine for- Obviously look for another job- remain in job and teach same thing to next generations, its better u take all risks and make life better so at least ur kids says thank u to u than going through same process and end up doing go to ofice- come back home
By Abhishek Gupta, Director , Skills Factory  | 01 29 2011 15:06:46 +0000
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It depends on situation & reason for retrenchment from present company. I am constant in the debate without letting know any reason to leave company. But if it is a question rather than a debate then i'll definitely go for own work rather than new job. If we are confident in our work then no company will retrench us although what the conditions are.


By Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  | 12 31 2010 14:44:51 +0000
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Well India has a shortage of entrepreneurs and in the current scenario  if one gets opportunity he/she should start his/her own business. Entrepreneurship  will  create more jobs in the country and consequently reduce unemployment.


By LOKESH BHARDWAJ, Admin/Facilities Manager, JLL  | 12 31 2010 05:36:34 +0000
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OH,JUST HAVE TO START A BUSINESS AND BE SELF EMPLOYED ,I WILL NOT LIKE TO WORK FOR ANYBODY AGAIN.
By jerry , Design Engineer, dtv co.ltd  | 12 30 2010 19:53:37 +0000
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Good man.


By Shanmugasundaram , CEO/MD/Director, Safnnite Solutions India Pvt.Ltd  | 12 28 2010 18:39:56 +0000
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There are many marketing companies fixing REPRESENTATIVES/FREELANCERS..Based on business/Salese generation,the commission will be paid to the person.Like this also,people can start working as part time or in when they are in between job. www.safnnite.com ...we are offering that.
By Shanmugasundaram , CEO/MD/Director, Safnnite Solutions India Pvt.Ltd  | 12 28 2010 18:37:01 +0000
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If you take developed countries and fast developing countries like china people like to start their own business.But Indians not shown that much interest in doing their own business.Age,real experience and financial position also determine Start our own Business.

Read this Interesting Post

Are you a fresh graduate looking for experience/entry in Software Development? Don't wait for anyone's permission


By QualityPoint Technologies, Branch Manager/Regional Manager, QualityPoint Technologies  | 12 28 2010 06:56:41 +0000
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It depends upon your nature of work. I am a graphic and web designer. As far as my work is concerned, instead of starting business with huge investment, I can also do freelancing for many companies and start a small scale business with minimum investment as well. So in this case, risk level is really low. But people belong to industries like electrical, electronic, mechanical and IT, cannot start their business without proper machineries and manpower and that requires reasonable amount of investment. Here risk level is really high. But people who have self-confident on their profession and skills always achieve their goal even luck is apart.


By K Rajesh, Freelancer, Publishing  | 12 28 2010 05:14:53 +0000
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Depending upon your qualification.,if you can able to take challenge then do this.
By Md INzamamul Hoda, Freelancer, IT Services  | 12 27 2010 18:52:30 +0000
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Depending upon your qualification,if you are graduate only and having more than five your experience,then go for MBA program in best B-school like MDI,Gurgaon .You may start your own business after that or seek for a high profile job.No doubt u get it.
By rajesh kumar behera, Associate/Sr. Associate -(Technical), Vedanta Resources  | 12 27 2010 13:32:54 +0000
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For creating jobs for the 80% of the population.......I think this will be the best Idea....:)
By ANAND M, Freelancer, Human Resources (HR) Consulting  | 12 27 2010 09:13:13 +0000
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It is seen that we all like to start something...even those who have said "looking for a job" Guys - no money required to vote here at least!
By Raghavan Parthasarathy, Consultant, Simulation and Control  | 12 27 2010 07:59:58 +0000
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