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No one was more surprised than Richard Usher when he chose to start a business after being laid off in 1993.
Usher had devoted 11 years to Ultramar, a $4 billion Long Beach, Calif., oil company. Before that he had worked for a large law firm. He was a corporate man.
Someone else took care of the marketing, the maintenance and the supply cabinet.
But with two years of severance pay and outplacement services through Lee Hecht Harrison, Usher had the cushion to consider self-employment at a time when California's job market was in the tank.
"Originally, I thought I would look for a general counsel position with some company," Usher said, "but (another attorney) and I wrote a business plan and as we were talking about what we wanted to be doing it got exciting."
The two started the law firm of Furman Usher Inc., now in Irvine, Calif., after starting in Century City, Calif.
For most workers, a layoff means a journey to another job. But for some _ estimates range from 5 percent to 20 percent _ it leads to entrepreneurship. It can be an economic pit stop until the job market picks up, or it can be _ as it has for Usher _ a permanent career change.
Source: HighBeam Research, Starting a business can be a good career move for some workers.(The...