retrenched; dunno what to do

[acm25]

my retrenchment benefits only come up to 10k.

what small bizness can I do? sigh,

[Johnbass]

Find another job?

:cool:

[lagonda]

my retrenchment benefits only come up to 10k.

what small bizness can I do? sigh,

hey bro,after retrenchment it is not a good idea to gamble on any particular business especially with limited capital.it is best to find another job.

[demonhunter]

10 k cannot start business lah ....

look for another job ,

btw which sector r u in ?

:)

[HappyOwl]

my retrenchment benefits only come up to 10k.

what small bizness can I do? sigh,

Bro. acm25, you are not alone. Freak not. :)

Surprisingly your first thought is to start a small business? Is it because you feel you could not work for people? Or you are thinking big thus too focused in earning big money? :)

[maxsee]

10k of retrenchment benefits is really low....indeed what job are you hold previously? And what is your age? My friend got retrench last year and the pay out was like 200k, he was the sales director in a MNC.....:D:D:D

[nyrvana]

10 k cannot start business lah ....

look for another job ,

btw which sector r u in ?

:)

Agree with you bro, 10k to start a business in SG is quite hard, unless a small online operation selling clothes/accessories...but still need time to grow

Actually best advice for TS would be to go explore opportunities overseas.

Well, I might have some lobang in Cambodia, just PM me loh:o

[sammyboyfor]

my retrenchment benefits only come up to 10k.

what small bizness can I do? sigh,

I started my first business with $5000 so I'm sure $10,000 would do the job today.

It has to be service related and not capital intensive.

[Greendevil]

go think of your business plan or look for a job instead of surfing SBF

[Accela]

I'd say it's time to hunker down and start eliminating expenses.

Can we have more info about your situation? E.g Married w/kids and previous job history/qualifications?

This'll help us get a better understanding of your current issue.

[Ken79]

Hi bro, sorry to know u are being retrenched.
if u want to start a business think of the following.

1. do u have any products/services to market now.
2. where/who are your target groups.
3. how well u know this product, this industry and market.
4. capital required or investors/partners.
5. u should already have reasonable interest or ready buyers now in your products/services even before you begin your business proper.
6. how to keep it sustainable for long term.

without a solid answer to all 6 or more (if any other bros can suggest), i guess its better to find another job, 10k in a bad venture can quickly disappear in days.

and beware of being overly optimistic as it clouds your proper judgement to risks and can make a person irrational.

all the best to u!

[rachgu]

Who said10K not enough to run a biz. Every morning I see some malay auntie near the MRT walkway selling curry puff. Dont think it need alot of capital.

[loneyheart]

10k is for u to tie over 4 to 6 months family expenses while u r looking for new job .... it will dried up easily if u never manage well ... b prepare for jobless for 6 months or more in current SG that prefer more on FT .... just an adv use yr 10k wisely

[acm25]

Thanks all brothers for the valuable advice.

Me from media industry, in my 30s. Just feel that waiting for payday is a torturous procedure. Why not risk it all and be my own small boss?

I am willing to travel overseas and work, bring my small family along. Not a worry.

One bro pm me. I am sorry, could u kindly send me ur pm again? It's flooded.:D

[Flinger2]

I am going to be retrenched soon too, from what I know. I am retrenched not because I am poor performer, but they needed to cut someone and I am the target.

My thought process is more along the line of looking at multiple options and figuring out which is the best option based on the financial and family commitments I have.

For doing business, you need a clear plan, 10K, where is it going to go? dollar by dollar, next, what is the return from the money you spent. Not a projection, but how much can you really make? If you don't have any income coming in but just projections, then you have a problem.

Next, do you have reserves that can support you? etc...etc...etc..

I am looking for other jobs and at the same time looking if it is possible for me to do business with my skill set. small, service base, with very little capital outlay.

I am thinking I just have to try one by one and hopefully one of them works.

In the meantime, I am updating myself on all areas that are relevant for me, so that I am top of my game.

The problem is the older you get the more experience you are, its hard to find jobs of that level, also age is a unspoken consideration.

Anyway wish me luck! =)

[stillgottheblue]

If you don't know what to do, the you are not ready for business.

[steelhorn]

Retrenched is to retrain yourself better to re-enter the work force when opportunity comes.
Cheers.

[otamay]

With rising cost of company, outsourching is the in thing. :mad:

[demonhunter]

wow , I didn't know so many ppl are getting retrenched .

is our economy going down hill ?

:confused:

[Flinger2]

Better? What if you are a top performer and they cut you but kept the non top performer around?

Sometimes, you are just a pure statistic, for all the PR a company does, you are ultimately a statistic, a number to evaluate and decide if cutting you will meet the number they need to satisfy to reduce the total cost.

Retrenched is to retrain yourself better to re-enter the work force when opportunity comes.
Cheers.

[steelhorn]

Better? What if you are a top performer and they cut you but kept the non top performer around?

Sometimes, you are just a pure statistic, for all the PR a company does, you are ultimately a statistic, a number to evaluate and decide if cutting you will meet the number they need to satisfy to reduce the total cost.

Cheer up bro! Just move on.

[loneyheart]

Cheers up bros ... u will eventually landed somewhere :)

[HappyOwl]

Me from media industry, in my 30s. Just feel that waiting for payday is a torturous procedure. Why not risk it all and be my own small boss?

I am willing to travel overseas and work, bring my small family along. Not a worry.



Better? What if you are a top performer and they cut you but kept the non top performer around?



I hope this little story here but marked the history can lift bros. up a little higher, including myself. :)

*****Abraham Lincon failed in business aged 31, lost a legislative race and 32, again failed in business at 34, had his sweetheart die when he was 35, had a nervous breakdown at 36, lost congressional races aged 43, 46 and 48, lost a senatorial race at 55, failed in his efforts to become vice president of the U.S.A aged 56 and lost a further senatorial contest at 58. At 60 years of age he was elected president of the U.S.A and is now remembered as one of the great leaders in world history*****

[Johnbass]

I hope this little story here but marked the history can lift bros. up a little higher, including myself. :)


Nice!!
I find myself coming to sbf for regular dosage of motivation/inspiration!!
When the going gets tough, the tough gets going!
Upzz ah!!!

:D

[drekman]

Go to casino

[demonhunter]

Nice!!
I find myself coming to sbf for regular dosage of motivation/inspiration!!
When the going gets tough, the tough gets going!
Upzz ah!!!

:D

Don't tell me Snowy send u lots of inspiration ????

:eek:

heheheheheheeee :D

[jnudes]

my retrenchment benefits only come up to 10k.

what small bizness can I do? sigh,

Just find another job with different pay in different industry if you can. I know it hurts you as the pay may be much lower and you may not be familiar with the new industry, but the thing is if you start a small business with $10K there is no guarantee the plan going to work and you may lose all the money in the end.

[HappyOwl]

Nice!!
I find myself coming to sbf for regular dosage of motivation/inspiration!!
When the going gets tough, the tough gets going!
Upzz ah!!!

:D

Bro. Johnbass, Thank you for the Upzz & allow me to increase your dosages of motivation/inspiration!! :D

*****Whenever we doubt our own ability to achieve, it is worthwile pondering the obstacles that others have overcome. To name a few...

"Napoleon overcame his considerable handicap, his tiny stature, to lead his conquering armies across Europe."

"Winston Churchill was a poor student with a speech impediment. Not only did he win a Nobel Prize at 24, but he became one of the most inspiring speakers of recent times."

It is not where you start that counts, but where you choose to finish*****

[Flinger2]

Coming Soon....A new Start....

I feel the timing is right to move from this current place of employment as I am currently rotting and not going anywhere even though I am top performer, and hope that I find another one that will take me to the next phase of my career and life.

Please wish me good luck and whatever else necessary....:)

=)

[loneyheart]

Coming Soon....A new Start....

I feel the timing is right to move from this current place of employment as I am currently rotting and not going anywhere even though I am top performer, and hope that I find another one that will take me to the next phase of my career and life.

Please wish me good luck and whatever else necessary....:)

=)

take a break to smell t roses bro ... u may missed something in live tat u will want to do ..... then refresh n go go go ..... all t best bro

[BlueDemon]

Thanks all brothers for the valuable advice.

Me from media industry, in my 30s. Just feel that waiting for payday is a torturous procedure. Why not risk it all and be my own small boss?

I am willing to travel overseas and work, bring my small family along. Not a worry.

One bro pm me. I am sorry, could u kindly send me ur pm again? It's flooded.:D

Bro,

Wat kind of biz are you looking at? How far would you go to be successful?

$10k is enough. Just do a proper study and dunn rush.

PM me if you are keen to explore further.

[loneyheart]

Coming Soon....A new Start....

I feel the timing is right to move from this current place of employment as I am currently rotting and not going anywhere even though I am top performer, and hope that I find another one that will take me to the next phase of my career and life.

Please wish me good luck and whatever else necessary....:)

=)

thxs bro just returned u fav to 131 .... cheers

[morries]

Start with a small profitable business that you like to work on.


Thanks all brothers for the valuable advice.

Me from media industry, in my 30s. Just feel that waiting for payday is a torturous procedure. Why not risk it all and be my own small boss?

I am willing to travel overseas and work, bring my small family along. Not a worry.

One bro pm me. I am sorry, could u kindly send me ur pm again? It's flooded.:D

[TimesLikeThese]

Start with a small profitable business that you like to work on.

Something with low capital preferably

[acm25]

Something with low capital preferably

Sell jersey online can boh?
Take stock from taobao, Thailand manufacturers. Some are already doing it. But might kena lawyer letter...

[coolsuper]

No a good idea. All sport brand are big MNC and a legal department

No worthwhile, 1 lawyer letter and you can easier go bankrupt, One of friend kana before