How to make the most of your redundancy package

Redundancies are becoming a common feature of the modern workplace as companies navigate an ever-changing environment that is forcing them to restructure and cut costs.

If you’re made redundant, it can come as quite a shock and leave you unsure of your next move. On the other hand, you might be feeling relieved that you can consider another avenue.

When you lose your job, you will receive a redundancy package that can go a long way in easing the emotional impact by opening the door for new opportunities.

Investing in yourself

One way you can tap into this money is to invest it into your future by becoming your own boss.

You may elect to start from scratch, or may choose to align yourself with a network of qualified professionals to guide you through your start up journey.

The start-up journey is certainly not an easy transition from working for a company, in a defined role, to running a small business where you’ll need to master all the elements.

However, the potential rewards are numerous: you control your future, your work-life balance, and you can build something that is completely yours. You may even build a business that you can pass on to your adult children in time to help them build wealth – setting up a true family legacy.

You may be attracted to the idea, but perhaps asking what you need to do in order to take the first step.

Professional Support Network - Franchising may be an option

One of the luxuries of working for an employer is that an individual will have every department available at their fingertips. If you have questions about marketing, you call the marketing team; if you have questions about HR, you call the HR department. You get the point.

When you look at starting on your own business, you quickly realise that you’re going to need this sort of infrastructure and that without it, it will be tough.

This is where a franchise really helps. A franchise is not a business, it is a way of doing business. As a franchisee, you can get started quite quickly, begin investing in yourself quicker, and still have all of the support of a larger business.

A good franchise company will have established business systems and tools in place for producing successful results. This means you don’t have to worry about figuring out what will - and won’t - work.

If you join a franchise with a strong profile and an excellent reputation, you can enjoy instant brand awareness that will help attract customers from day one.

A franchise will offer professional training so you are armed with the skills required to run your business.

Not only that, but you will have access to ongoing support in areas such as marketing and compliance, which allows you to focus on achieving results from the get go.

At Mortgage Choice, we offer all the benefits outlined above and we’re always looking for driven and ambitious individuals wanting to open their own business.

Running a Mortgage Choice franchise is a great investment for your future and you can enjoy success, knowing you’re backed with unrivalled training and ongoing support from a recognised and trusted national brand.

We have helped many everyday Australians launch and operate successful businesses over the years.

Take Paul Williams from South Melbourne for example.

“Mortgage Choice offered me something that no other franchise business in the industry could – a strong brand, broad franchisee support, marketing support, lead generation and a strong culture of compliance,” he said.

If you’re interested in kickstarting your new career with us today, get in touch with our Franchise Recruitment Team by calling us on 1300 650 330 or emailing us at

Posted in: Business tips