Balancing Job Search and Starting a Business: A Guide for Manufacturing Engineers

Have you been searching for a job for two years after completing your BTech in 2017, and are considering starting a business you’ve always dreamed of? This is a common dilemma faced by many recent graduates. While both paths can be equally challenging, it’s important to explore your options to find the best fit for your career goals.

Why Persistence in Job Search?

Should you give up your job search and jump into a business venture? The answer is no. Building a strong professional network and gaining practical experience through job search can be invaluable when starting a business. Here are some key reasons why persistence in your job search is recommended:

Time Allocation: Effective job search doesn’t necessarily take a lot of time. Dedicate just 2 hours per day—1 hour in the morning and 1 hour in the evening—to your job search. This can significantly increase your chances of finding the right fit. Resource Availability: While you might need to be physically present for meetings, you can do most of your job search online. Utilize online resources, networking platforms, and job boards effectively. Financial Stability: Starting a business requires financial stability, which a job provides. Use your job income to build a business, diversify your skills, and learn from experienced entrepreneurs.

Building a Business Side-by-Side

It is entirely possible to start a business on the side while you are still searching for a job. In fact, many professionals have successfully launched side businesses after six months of unemployment. Here are some tips:

Start Small: Begin with a small, manageable project that can bring in some income while you continue your job search. This can help you build credibility and gain financial stability. Learn from Industry Peers: Reach out to mentors or industry peers who have gone through the same process. Their guidance and mentorship can be invaluable. Develop New Skills: Use the downtime in your job search to build new skills that can be beneficial for your business. Experiment with different tools, technologies, and strategies.

Exploring Business Opportunities

However, if you are considering starting a business, it’s crucial to carefully evaluate your readiness and experience. Here are some questions to ask yourself:

Do You Have the Financial Means? Starting a business often requires capital. Assess your financial situation and whether you have sufficient funds to sustain the venture. What Value Can You Add? Have you been adding value to yourself over the past two years? If you haven’t been learning new skills or working on side projects, you might want to reconsider your approach. Competitive Market: Identifying trends and obstacles in the job market and your industry can help you better understand the challenges you might face when starting your business.

Conclusion

For many manufacturing engineers, it’s essential to strike a balance between job search and business venture. Your job search can provide you with the necessary skills, network, and financial stability to start a successful business. If you find yourself stuck in an indefinite job search, seek advice from mentors and industry experts. Remember, your career success is a journey, and every step counts.

If you need more guidance or support, reach out to me. I’m happy to share my experience and insights to help you make the right decisions.