Microsoft cuts jobs – time for entrepreneurs to flourish!

lightbulbsglobeThe news that Microsoft is making its first mass layoffs in its 34-year history (according to the The Associated Press) is big news here in the Seattle-area as all of us are directly or indirectly impacted by the job cuts.  Microsoft is one of the Northwest’s largest employers and everyone in Seattle either works for Microsoft or has a family member, friend or neighbor working at Microsoft.  Whether or not someone we know loses their job, we know how difficult it can be working for a company undergoing an unprecedented internal transition. Champion Assistants is headquarted in Kirkland, just a 15-minute drive from Microsoft’s Redmond campus and we greatly value the impact the company has had in our region – providing jobs to so many and boosting the level of technological-savvy and development in the region.  Champion Assistants is a registered partner with Microsoft and we’re always keeping an eye out for what Microsoft is innovating.

In addition to Microsoft, the Puget Sound region is also known as being a region where entrepreneurs flourish – especially for minority-owned businesses according to Prosperity Partnership.org.  According to Washington State, women are considered minorities in business and therefore 51% majority women-owned businesses qualify for special loan rates as well as business counseling services from organizations such as the Community Capital Development Washington Business Center.  There are a number of free resources available to small business owners and entrepreneurs both nationally through the SBA and in Washington State.  I always recommend starting with free resources and exhausting them before paying for advice.

With layoffs being announced across various industries and company sizes, I think this economy will present innovators with an excellent opportunity to develop their ideas and go into business for themselves.  Being layed off can be discouraging, but realizing creative talent and ambition while working from home is tremendously rewarding.  I strongly believe that home offices will become micro-power centers of innovation over the next couple years.  Good talent rarely sits idle.

With the convenience of the home office and low barrier to entry for online sales, there is tremendous opportunity for small business to capture niche market share and sell online with extremely low overhead costs.  It isn’t all doom and gloom with layoffs.  Now is the time to fulfill dreams and stay productive at what we all do best and are passionate about.  Carpe diem!  If you are one of the many being affected by restructuring and layoffs, now is the time to develop your ideas and sell online.

Best,

Heather

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