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At a Loss?

Never fear. Here's all the pumping, priming and know-how you need to lift yourself from the pink-slipped masses and turn the loss of your job into a business even your former employer will envy.

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This story appears in the July 2001 issue of Entrepreneur. Subscribe »

All the newspapers scream that another company has laid off thousands of workers. You never thought it could happen, but suddenly, there you are-one of those thousands.

Your first impulse: panic. What will happen now? To your family, your future? Maybe you're angry, or even relieved. Whatever your reaction, it's perfectly natural to be unsettled. We like to believe we have control over our lives, and when that control is taken away, we're uncertain and insecure. But if you've ever dreamed of running your own business, now is the time to take control and do it. Here are four steps to prime you for a business of your own:

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