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Take the Plunge!

Teetering on the edge of unemployment? Then maybe you should jump at the chance to own a business.

By Nichole L. Torres

Opinions expressed by Entrepreneur contributors are their own.

It's pink-slip time in your boss's office. If you'relucky enough to get advance warning, you may have two weeks or moreleft at your job-and instead of seeking work, you're determinedto use that time to lay the groundwork for your new business.You've dreamed about it for years, and now is your opportunityto make it happen.

First things first, says Dwayne Cox, business coach and founderof the NorthernCalifornia Small Business Owners Association. "Get realwith yourself about whether this is something you [are] reallycommitted to and why," he says. "You [also] want to workthrough not only a business plan, but a marketing plan, a personaldevelopment plan and a professional development plan with timelinesand numbers worked into them."

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