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"You're Fired!"

It may be one of the worst things to ever happen to you--but it could also be the best chance you'll ever have to become your own boss.

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This story appears in the July 2005 issue of Entrepreneur. Subscribe »

Don't panic. Breathe deeply. The halls of history are crowded with people who have been fired--friends and family members, the coaches of losing football teams, all those contestants on The Apprentice. Of course, that knowledge may not be very soothing if, moments ago, you were standing on a street corner outside your former place of employment, a box of your belongings in your hands, a dazed look on your face . . . and now you're flipping through this magazine and thinking, "I don't need a pep talk--I need money, and I need a $@#%& life!"

Again, don't panic. Just breathe deeply. The ax has fallen on just about everybody at one time or another, and if you look at this in the right way, you might someday thank the person who did the swinging.

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