Around 2.7 million people have been made redundant since the beginning of the recession in 2008. The effects of job loss can be devastating. As well as the emotional impact, those affected also have to deal with the practical side of things which can include moving house, changing lifestyles and finding new work.
Amanda was 26 when she was made redundant from her job as an administration officer. Instead of going straight back into the job market, Amanda decided to enrol on a business course created by BBC Dragon’s Den star Peter Jones.
Through the course, which involved listening to weekly guest speakers and hands-on help with how to start a business, Amanda was able to develop her own business idea.
Amanda said : “[The] course is amazing. It is full of so many different and relevant classes as well as having ‘Enterprise Wednesdays’ – a weekly event when guest speakers visit us to talk about their own experiences. The course is here to help us, not only with our own businesses, but it also teaches us how we can apply what we are learning if we were to go and work for someone else.”
Students work towards creating their own micro business, which goes towards a BTEC level 3 diploma in enterprise and entrepreneurship.
Amanda is using her background in martial arts to develop a new Tae Kwondo class for young people. She is making changes to the traditional syllabus to focus on teaching valuable core skills and confidence to children, while helping them learn a non-contact version of the sport.
Her business plan is ready and all she needs to do is purchase equipment and organise class times. She aims to use this micro business as a starting platform for a bigger business running her own fitness centre.
After redundancy, self-employment can look very appealing. If you would like advice about starting a business, a business coach could help you. To find out more about the services provided by business coaches, simply view our Business Coaching page. Here you can also find information about outplacement coaching, career coaching, staff coaching and work/life balance.
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