Heymann & Fletcher

Becoming an entrepreneur offers benefits post divorce

Going through a marital split in New Jersey can be emotionally and financially challenging for all parties involved, but it can be especially intimidating for those who are used to relying on their spouses for financial support. The older a person is, the idea of having to re-enter the workforce can be even more unnerving. However, becoming an entrepreneur offers multiple advantages following divorce in New Jersey and elsewhere.

One of the benefits of becoming an entrepreneur after getting divorced following several years of marriage is that one is older. When it comes to meeting with clients and going to networking events, being older means one may have more credibility than another younger individual just starting out in the working world altogether, for example. It is naturally assumed that those who are older have acquired some valuable knowledge over the years that other people find helpful.

In addition, embarking on the road to entrepreneurship can be a more effective way of generating income compared to looking for traditional job roles that demand certain amounts of recent experience. Entrepreneurship may also offer more flexibility than a regular job, which may be especially valuable if one has children. Being a profitable entrepreneur may enable one to ultimately maintain a certain lifestyle even after divorce.

Even though divorce can be overwhelming and life changing in New Jersey, understanding one's rights when it comes to asset and property division is an important first step when it comes to achieving a personally favorable outcome in this type of legal proceeding. If two people who are getting divorced can find some common ground, they might be able to complete divorce negotiation without further court intrusion. If they cannot resolve their own disputes, a judge will make important decisions for them concerning the matters they are disputing.

Source: entrepreneur.com, "7 Reasons Why Divorce Is the Perfect Excuse to Become an Entrepreneur", Stacey Freeman, Feb. 6, 2017

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