"As someone who has experienced job loss in my career, whether from radio reporter work back in the early 2000s or startup marketing positions later on, I know that the path forward doesn't always have to mean starting another job search. I, like thousands of other professionals, decided it was time to strike out on my own and turn displacement into my own business. You can do it too, and here are business models that offer low startup costs with proven demand."
"It's often a phased implementation with much work still needing to be done by humans. Digital services can be performed by contract instead of W2 employees. Digital services is a broad umbrella that covers many different types of work. It ranges from digital products like e-books and online courses to specialized services such as content moderation. That's where people review user-generated content for platforms to make sure it meets community standards."
AI-driven displacement is spurring a wave of entrepreneurship, with 67% more ventures launched after layoffs in 2024. Many displaced professionals pivot to low-cost business models such as digital services, coaching, virtual assistance and AI-focused roles. Digital services include e-books, online courses, content moderation and custom workflow automation, with human judgment still required during phased AI implementations. Contracted digital work can replace W2 roles for employers. Emerging career paths offer high demand and low startup costs, enabling laid-off workers to monetize existing skills and build businesses that transform job loss into sustainable income opportunities.
Read at Entrepreneur
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