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Krishna Kumar |383 Answers |Ask -Follow

Workplace Expert - Answered on Mar 29, 2024

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more

Asked by Anonymous - Mar 29, 2024Hindi

I was doing Business for past 23 years and have been succesful in that.. After COVID my business fell apart and I am trying to regain the foothold. Although I have created a good brand, I am not able to make the Money I was making earlier. However the buisness is picking up and I knew If I could have little more patience, I will make it. However the situation demands lot of financial requirements for my lifestyle and family. They are insisiting me to go for a Job now. My business is stagnent for past few years and it is slowly showing the signs of growth now.. I do not want any waiting time due to pressing needs. I am 49 Now.. I am not sure if applying for work at this age will help as I have no idea on the Job market.. I am getting very good offers on selling my Business. Kindly advice.

Ans: Dear

There are two parts.

Emotional...how you feel attached to your business.

Rational: your financial needs and the revenue that your business is generating.

Any advise us a function of both the above aspects. Unless one knows the current revenue numbers, growth potential of the business, competition and several such factors it's not possible to share any guidance.

Hence may I suggest you talk to your CA and other colleagues of yours, look at the numbers in hard way and then take a call.

Emotional aspect can be both strength and liability... strength because it will inspire you to make business grow... liability because you may be overtly attached to your business without looking at the financial realities.

All the best.

CareerReply

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Question by Anonymous - Jul 01, 2021Hindi

Sir,I am 50 years old and, at this age, I am facing a dilemma about what to do in life.I have worked in private companies, mainly in software ERP selling/support in Delhi, but have never been satisfied with the kind of work I do. I did it just to look after my family.I lost my job in during this pandemic and my confidence is low.Do you think I should look for a job or start a business at this age?Is there any kind of online test or questionnaire that can clear my dilemma?I have hunger for success but I do not know how to achieve itName withheld on request.

Ans:

Hi.

I can understand your situation where you worked for so many years to support your family and not really had the opportunity to follow your passion.

If your family’s financial condition is stable now, then you can consider starting your own business. It comes with its own risks but it will be an enriching experience.

You can also consider areas like teaching or social work for the next phase of your career.

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