Hi Rajesh, I am a MBA with 20 years of experience. Lost job recently due to winding up of the company I worked for. Despite having rich experience in finance and accounting along with MNC experience, I am finding it difficult to get a suitable job at this time. I am also passionate about cooking and idea of starting a restaurant to serve 2 iconic coastal dishes to people in Bangalore at affordable price strikes me all the time. Should I listen to my heart and go ahead with business idea or should I keep looking out for jobs as it assures me guaranteed monthly salaries. I am a family man. Plz advice

Ans: Dear Mr Dinesh,
It looks like you have been through a lot after getting into business on your own. Your children too are at a critical stage in life which requires funds for higher education in the next few years. The first question to ask yourself is - what is the priority in your life? Is it financial stability for the family esp for the kids? Or is it the pursuit of your business? The second question is - what is the current status of your household finances? Is there enough savings to manage the household, upcoming education expenses, other expenses (travel, medical etc)?
If you are shaky, it may be time for you to consider taking an assignment which offers you a fixed remuneration and also flexibility to work on your idea. You say you were in the field of IT security. Can you consider an assignment which might take 2-3 days per week managing and overseeing the IT security for a company which cannot afford a full-time professional?
You may also want to consider getting incubated in a good healthcare incubator in your city and also apply for a start-up funding grant from the government of India and/or local state government programmes.

Ans: One option would be to look out for job in Food business. Some companies do give credence to entrepreneurship as work experience. Another option would be to do some courses relevant to the area you want to work in and then look for relevant jobs.

Ans: Dear Mr. Shailendra , As you are in job as well as you have two business intities , I feel you must concentrate on business rather dividing your self in two different kind of roles.