Why the tight job market we're in might be your best opportunity to start a new business.
I read last week that a record number of people are leaving their jobs. They’re leaving because we’re in a tight labor market right now, and finding a better job is easy.
This is all great for workers, and especially for those of you with secret desires of building your own business some day.
A tight labor market means rising wages. You might be able to leave your current job right now for one that pays a whole lot more because employers are having to compete for good employees.
But hold on, not so fast.
If you have any desire to start a business in the next few years, don’t just jump on the job offer with the best pay.
For entrepreneurs-in-the-making, there’s something far more valuable than higher pay, and that’s flexibility. Say it with me. Flex-i-bil-i-ty.
If you’re going to be starting a business, you want a job that will give you ample room to do your own thing. This means: working from home or remotely, ample time off, reasonable hours and opportunities for sabbatical or part-time arrangements.
Basically, you want to find a job that doesn’t run your life. One that can sit politely in the passenger’s seat and serve an important purpose: giving you enough time and head space to get your side project off the ground.
So before you jump on the new job offer with the highest pay, think about what your real goals are over the next several years, and look for the job with the greatest flexibility. Get paid, sure, but don’t let money make the decision for you.
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Hi, I’m Corbett Barr. I’ve been writing here since 2009. Join my email list for new articles about supporting yourself doing something you love: