Do you actually have experience behind the advice you are giving? What you are suggesting is a terrible idea for most people. For a time, I used to think about that. Getting an SBA loan is really not as easy as people on the internet claim. Most companies fail, and a company that is founded with the premise of "leaving the rat race", as opposed to an idea that brings genuine value, is even more likely to fail and leave the owner in a worse position.
Better advice would be to consider changing or shifting skills towards something that's in greater demand right now and find ways of meeting people who can connect the OP with a job. Given that they are living with a friend, I don't think they have the leeway to start a business (and likely fail).
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Do you actually have experience behind the advice you are giving? What you are suggesting is a terrible idea for most people. For a time, I used to think about that. Getting an SBA loan is really not as easy as people on the internet claim. Most companies fail, and a company that is founded with the premise of "leaving the rat race", as opposed to an idea that brings genuine value, is even more likely to fail and leave the owner in a worse position.
Better advice would be to consider changing or shifting skills towards something that's in greater demand right now and find ways of meeting people who can connect the OP with a job. Given that they are living with a friend, I don't think they have the leeway to start a business (and likely fail).