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Challenges and Opportunities in Career Transitioning From Employment to Entrepreneurship: A Comprehensive Guide

Challenges and Opportunities in Career Transitioning From Employment to Entrepreneurship: A Comprehensive Guide
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Author(s): J. Rajini (Department of English, Kongu Engineering College, Erode, India), Saurabh Chandra (School of Law, Bennett University, Greater Noida, India), Dhara Vinod Parmar (Department of Design and Merchandising, Parul Institute of Design, Parul University, Waghodia, India), Nishant Bhuvanesh Trivedi (Department of Animation and Design, Parul Institute of Design, Parul University, Waghodia, India), D. Rakesh (Centre for Management Studies, JSS Science and Technology University, Mysuru, India)and S. Boopathi (Muthyammal Engineering Collge, Namakkal, India)
Copyright: 2025
Pages: 32
Source title: Applications of Career Transitions and Entrepreneurship
Source Author(s)/Editor(s): Muhammad Nawaz Tunio (The University of Sufism and Modern Sciences, Bhitshah, Pakistan)
DOI: 10.4018/979-8-3693-4163-6.ch006

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Abstract

Transitioning from a traditional job to founding a startup is both challenging and rewarding. Critical challenges aspiring entrepreneurs are faced with include financial instability, uncertainty of success, deficiency in some skills, and the psychological shift required from structured work environments into the dynamic, often unpredictable, world of startups. However, the chapter also contains the great opportunities which come by its side, like financial independence, creative freedom, and making an impact. This chapter assists readers in knowing the intricacies of how to navigate career change through practical advice and telling real examples of experiences while showing that the mindset, strategy, and maximization of skills and network are all a big part of it. Whether you are thinking of taking the plunge with an entrepreneurial idea or you're already on that path, the chapter will be very instrumental in giving you valuable hints and tips for success in the new venture.

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