Career College Placement Blog

What do you do when the money tree starts sprouting lemons?

It’s increasingly common these days to find middle-aged, mid-level managers suddenly faced with huge shifts of circumstance. Down-sizing, bubble-bursting, plant-closing, and consolidating are just some of the forces creating a class of sudden solo-preneurs.

At 50-something you face particularly difficult job-hunting challenges. Your salary range is high. Your network is decent after so many years, but jobs at your level are few. You’ve been there, done that, and thought you were finished with all that new trick-learning.

A big upset like job loss can provide a shift of perspective - an opportunity to take stock. What is really important? What do you want to pursue at this point in your life? Is being your own boss the way to go?

I spoke with several silverbacks to share their wisdom gleaned from these life changes with a new member of the pack.

Dean turned 50 in January of 2005. In May he was fired from his position as marketing director of a high-tech firm. He’s angry at the ease with which an employer could let him go.

“Control is a big issue for me. Do I really want to have someone tell what, where, and how? It seems like I work a lot but don’t reap the benefits. If I were on my own I’d have all the benefits and all the risks.”

Dean is deciding whether to find another job with the security of a regular paycheck and benefits, or start his own business. He finds information on the internet helpful but wishes there was a Big Brother-like program pairing people and businesses to help him sort through the options.

Carl was 51 when the ordinance plant where he was safety manager closed its doors.

“I had a lot of friends in the business. I could have easily picked up another job but I would have had to relocate halfway across the country. I didn’t want to do that.”

Bob was an engineer whose position was eliminated after 23 years with the firm. This sent him into a deep depression that lasted for months.

“I couldn’t even drive.”

With the help of his psychiatrist, Bob recognized what was most important in his life-his wife, his son, and his lifelong hobby, bird-watching.

“My doctor told me to go bird-watching every day. While out there on the wetlands I had a vision. I couldn’t go back to the corporate life.”

It takes a lot of stamina and belief in yourself to move ahead with plans for a business. Carl spoke of his state of mind at the time:

“I wasn’t frightened. I’m a survivor. I screwed up when I was younger- went bankrupt, lost a lot of material things. One good thing about failing is that it gets you over that fear of failure. You learn from your mistakes.”

Both men did a lot of research, internal and external. Bob determined that he loved birds, kids, nature, education, photography, and the environment. Anything he pursued needed to involve those. Once he was clear on the essentials the how-to landed in Bob’s lap.

“I saw an ad in a magazine to call for franchise information. My mind immediately took off with the possibilities. I began looking at retail spaces thinking ‘I wonder how that location would work?’ I saw the ad on a Saturday. That Tuesday I called the company. On Thursday I had the package and on the following Tuesday they had it back.”

Carl was taking his time, looking at options. His values included a love of people and a desire to create a positive environment.
His plans started with casual conversation.

“My buddies owned this building. There had been a restaurant there years ago but it had been mismanaged. And somehow the idea of starting another one came up. At first we were clowning around, yucking it up over a few beers, but then we started getting more serious.

Bob made use of the infant, but still helpful internet of 1995. Carl used lower tech methods to estimate his market.

I spent 15 days from 4:00 am to 11:00 am counting cars at that intersection. I figured if we could get a big enough percentage of them to stop we’d be in business.

Bob used a book called, The Insider’s Guide to Franchising [Webster, B. 1986 Amacom, New York] to help him review his offer. Carl was mentored by a successful friend in the restaurant business who helped him think things through. They developed their business plans and opened their doors.

The first year was tough for both businesses. Miscalculations and errors sent both owners reeling.

At first Carl knew nothing about preparing and serving food.

“The restaurant was overstaffed and overpaid. I felt held hostage by the people who worked for me. Things were pretty shaky there for awhile. Some days I wondered if we could open the doors.”

Bob got overwhelmed with paperwork and screwed up his accounting records.

“Plus I went crazy at Vendormart. I bought four times as much inventory as I should have. Nowadays the franchise pairs successful stores and newbies so that doesn’t happen, but those safeguards weren’t in place back then.”

In September Bob’s store will celebrate its tenth anniversary. It has been recognized three times among the Top 30 Most-Improved stores. In February and June of this year his store was number 2 out of 320 in overall sales.

Carl was advised that he’d know if the restaurant would make it within four years. It was clear after three that they’d be fine. Today after seven years they’re looking to expand.

“We’re not getting rich but we’re self-supporting, and the relationships are priceless.”

What advice do they have in hindsight for Dean and others like him?

Bob says, “Find what you love and create your opportunity. Be willing to change-be retooled. Don’t get stuck in a rut. And you gotta have another source of income when you’re starting.”

Carl adds, “We grossly underestimated the working capital we’d need. And if I had it to do over I’d own the building. There are improvements I’d like to make but I’m restricted by the landlord.”

So back to Dean, who’s looking at buying an existing restaurant business, if he doesn’t decide to return to marketing. Where do you want to be in a year? What will you say when I check back with you?

“I made the right choice. I’m doing exactly what I should and I’m excited about it.
Author Bio
Liz Sumner, M.A., CPC, of Find Your Way Coaching specializes in mid-life reassessment. Are you happy with your direction? Do you feel good about yourself? Are you fearless? Joyful? Energized? You could be. Visit www.findyourwaycoaching.com or call 603-876-3956 for more information.

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This is for everyone who is sticking with a job that no longer fits. Maybe it was right for awhile, for a certain time and place in your life. But not anymore. When was the last time you jumped out of bed with excitement about what the day would bring?

“But I love the people I work with.”
“It’s so convenient.”
“The money’s pretty decent, considering… ”

I’ve heard all the excuses. Hell, I’ve made them. You know that job is sucking your soul and it’s time to leave. The only thing left to decide is how.

Above all, you want it to be your decision. Don’t let boredom and apathy lead to an attitude that gets you fired or passed over. Who wants to work with a burnout no matter how skilled they are?

The number one reason people stay in bad jobs is fear of the unknown. Are you hanging on to something that doesn’t fit just because it’s familiar? What if the unknown wasn’t scary? What if it was filled with joy and delightful possibilities? Sure, there’s that transition period where you leave what you can do in your sleep and head into new territory. I assure you that the downhill slide of staying too long is far greater than the steepness of a little learning curve. How might you make unknown territory more comfortable?

1. Make It Known
Learn about it. Do research. Talk to people. Do informational interviews. Volunteer, be a trainee. Find ways to educate yourself. Go to school. Hire a trainer. Shine some light on the stuff the scary ignorance and it’s no big deal. If you’re drawn to it you probably have a knack.

2. Make It Up
There are a lot of successful people in the world who just decide that they know what they’re doing. I’ll never forget my friend Susan, a beautiful and confident woman who discovered her gift for public speaking in Toastmaster’s and went on to become a highly paid consultant just because she decided she was worth listening to. I had just finished grad school and was trying to get my nerve up to go pitch companies. She read a book or two, made a presentation, and was suddenly crossing the country getting big fees. There’s a lot to be said for chutzpah.

3. Try It On A Small Scale
Part-time or pilot projects work well particularly if you’re thinking of venturing out on your own. The hours are long when you don’t give up your day job but if you’re pursuing your passion you generally can find the energy. Cater a friend’s party for the cost of the supplies. Print some business cards on your computer. Do some pro bono work for a civic group for the testimonials. Before long you’ll feel ready to go for it.

4. Dive In
This is my favorite. I get enormous energy from leaping off metaphorical cliffs. Instead of screaming “NO”, try saying “Wheee!” or “Geronimo.” I’ve crossed the country on three occasions with no job and no place to live. I keep having soft, successful landings so I keep leaping. Sometimes it takes a geographic change to get yourself out of a rut. Try something out there and see if you can fly.

5. Be Prepared
So maybe you’re not a leaper. You can plan for contingencies, save that nest egg. Find an answer for all the what-ifs. But be careful not to over prepare. Just how likely are those eventualities that you’re covering? There comes a point when it’s time to take steps.

“Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation), there is one elementary truth the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favour all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way.

Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it. Begin it now”.

-J. W. von Goethe

Remember, if you only do what you already know how to do your world would get pretty stale. Growth is an essential part of life. There comes a time to move on. You can feel when change is due. When that time comes the universe makes it easy for you. The money for graduate school appears, child care arrangements work out, an article about a new company catches your eye. Pay attention to the signals. Then trust your judgment. If something tells you this new opportunity is right, it probably is.

Author Bio
Liz Sumner, M.A., CPC, of Find Your Way Coaching specializes in mid-life reassessment. Are you happy with your direction? Do you feel good about yourself? Are you fearless? Joyful? Energized? You could be. Visit www.findyourwaycoaching.com or call 603-876-3956 for more information.

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Excerpted from The Truth About Managing Your Career… And Nothing But The Truth.

Someone once asked a Washington insider how to deal with important people whom you can’t stand. His reply? “You put on your respectful face and you don’t blink.” This strategy is known in business circles as “kissing the ring.” Its origins lie in a much earlier era, when royalty and clerics wore rings of office denoting their status. Bowing your head as you kissed their rings was how you showed respect for their office, while not necessarily feeling that sentiment towards the characters themselves.

Why go to the trouble to show deference to someone you don’t personally like or respect? In the cut and thrust world of business, as in the political sphere, it’s all about survival. Or, to look at it more positively, enlightened self-interest. Like it or not, the business world is structured by a strong sense of hierarchy. Why else would we be so fixated on gaining promotions and better titles? Those high up can have a significant impact upon your reputation and career: positive if they like you and see you playing by the rules, negative if they feel slighted by you in some way. Showing them the appropriate respect helps keep your career path obstacle free.

“Kissing the ring” might mean responding in a neutral to positive way when someone important says something off base in a meeting. Or staying positive with your boss when he or she doesn’t understand what you’re trying to do or say. However irritated or amazed you feel, keep your facial expression kind and free of negativity, a kind of poker face. It’s worth practicing this in front of the mirror so that it’s ready to put on when you need it.

“Kissing the ring” doesn’t mean being sycophantic though. It’s just about treading carefully around egos. There’s nothing wrong with telling a senior person that you think there might be a better way of doing things, but just make sure that you think strategically and don’t react there and then, especially if there are others present. If you are genuinely concerned about something you might want to bring it up in private in a neutral way but not make a big deal out of it. You do this by talking about it in a low-key way, tactfully introducing your point by saying, “By the way, what do you think of… ” or, “Is there is a case to be made for this other point of view?”

Are there “don’t kiss the ring” moments too? You bet. As soon as anything looks the slightest bit immoral or illegal you need to stop and think. Don’t jump to conclusions, but once you’ve confirmed that something improper is up, do everything you can to extricate yourself from the situation before you get into trouble. If, for example, your company requires that the highest level person at a dinner should pick up the expenses then you might hesitate before paying for something so that your boss doesn’t have to put it on his or her expense report. While illegality is something that you should always report, without exception. There are ex-employees of Enron or Health South, currently in jail, who probably wish they had spoken up, or even left their jobs, rather than keeping mum.

“Kissing the ring” is one of a repertoire of respectful behaviors that will serve you in good stead with high ranking people. At some point in your career you will have to suck in your gut and show deference to a senior person whom you can’t stand. Be prepared for it.

Author Bio
Dr Otazo is an author, consultant and global executive coach. She worked in multi-nationals in US, China, Indonesia, India, France. See more about Dr. Karen Otazo at www.globalleadershipnetwork.com

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Whether downsized, outsourced, or sick and tired of cubicle hell, more people are earning their living by working at home. The work at home industry is booming with a diverse lot of income earning opportunities. People of all skill and education levels can find a niche in this market. And the driving force that allows such an option is the Internet.

Telecommuters

Internet technology has enabled former office rats to do their work at home. Armed with a computer, fax, and telephone, employees from back office data entry to management staff are able to perform part or all of their jobs at home. The telecommuting option is appreciated by workers as it allows them more freedom and control over the work day and more time to spend with families. Companies find that this set up often improves employee morale and productivity.

Net Work

Earning money via the Internet has become an increasingly popular option in the work at home industry. Chances are you know someone who sells merchandise on eBay. Many online merchants are working out of their homes. The Internet offers a wealth of opportunities for writers to earn a living at the keyboard. People with an Internet-based career often start on a part-time basis while working their regular office gig. Once their “web job” takes off, they escape the office grind for full-time work at home.

Home Base

Another option in the work at home industry is a home-based business where you go out in the field to provide services for customers. This is a wide open opportunity - think of any product or service that people need and, viola, you have a business. Again, with the Internet, advertising for your home business is no longer a burden. For example, the senior population is exploding. Start an elder service that helps seniors with light housekeeping, grooming, and transportation. Two career families and busy folks in general equal a business for you running errands such as shopping, chauffeuring kids, and picking up dry cleaning.

You can strike out on your own with these home-based businesses or buy a franchise. Franchises offer a brand name people know and trust along with marketing support from the headquarters office. Start up costs can be out of reach for a lot of people, however, there are hundreds of franchise options in the work at home industry that will fit with small budgets.

Scam Alert

The Internet and print and broadcast media are full of ads for great-sounding work at home opportunities. Sadly, the work at home industry is full of scam companies that advertise high income home-based jobs. Some ads are specific while others are vague and keep you in the dark about the exact nature of the pie in the sky venture.

Remember, if it sounds too good to be true, it probably is. Do your research before you plunge into any work at home opportunity. Talk with others who are working at home. Check out franchises or Internet opportunities with the Better Business Bureau. Despite the scam artists, there are thousands of options in the work at home industry and one of them will suit you.

Author Bio

HASNUDDIN HAMDAN is a serious Internet Home Business Affiliate. He is always looking out to guide people who would like to start their own successful Internet Home Business. Details are available at: www.emarketsociety.com/pips.html

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My uncle recently retired from a large manufacturing company after 40 years of service! This is no doubt a great accomplishment, and I congratulate him for this achievement. However it really does cause me to wonder. Could I ever work for the same company for 40 years?

Let’s just put this into perspective.

My uncle retired in 2006 which means he started working in 1966. Let’s put this in modern terms. I graduated from college in 2003 and was very fortunate to land a job at a great company in December of 2002 before I graduated. If I were to stay with my current company for 40 years I would retire in the year 2042. Needless to say I would be vested in my 401k and probably have about 200 vacation days. Is it very likely for me to stay with my current company for 40 years? No. Does my employer know that this not a very likely scenario? Yes.

Isn’t it true that today’s young people do not even consider finding a job out of college or high school and staying with that company until retirement? I know I sure don’t. Our priorities have changed; our outlook on work has changed drastically. When my uncle graduated from high school to go to work, work was something quite different than it is today. Then it was a means to an end, it was a necessity. You went to work did your time and came home, end of story. Then after 40 years you retired with a sweet pension plan and Social Security. Today that simply isn’t the case, is it? Work is something more than eight hours a day five days a week. It is a piece of the total person. It is a slice of who we are. It speaks about what type of person we are and how we want to be identified. For many, work has become who they are. They do not work because they have to they work because they want to. This is especially true for the self-employed. And I am not only talking about the sacrifice of our thumbs to the almighty Blackberry’s and Treos.

Not only has perceptions of work changed but the type of work has drastically changed. When my uncle started his career in 1966 most everyone worked in some type of manufacturing or factory facility. The type of work was very repetitious and blue collar. Please don’t think I am demeaning that type of work because it is still very necessary to our country. However, the need for thousands and thousands of factory workers is not there any more. We still do need some “factory” workers but even those who work in manufacturing today are very skilled workers. The need for general labors is not nearly as high as the need for engineers and technicians of all types.

Since the perception of work and the type of work has changed the attitude of the employee has changed. Employees do not feel as committed to their company for a variety of reasons which we will briefly mention today:

Commitment as a whole across society has waned drastically (i.e. the United States divorce rate of over 50%).

Students are told from a young age that the world is their’s for the taking. Upon graduation they feel like there is so much to accomplish and so little time. In order to conquer the world you really can’t stay at the same company for 40 years can you?

The “grass is always greener” syndrome has increased greatly over the past 50 years to cause a feeling of discontent across of the country. Discontent will not allow you to stay at the same company for 40 years.

Since white collar jobs are not usually repetitious like blue collar jobs, you would think employees would stay longer because they are always working on something new. That isn’t the case though. In some industries turn over is as high as 90%.

One other issue we must not forget is that percentage of the workforce who is fired from their employer because of certain choices they have made. Those workers striving for the 40 year certificate of service may want to think carefully about the actions they take on the job so they do not jeopardize their shot at having a long and successful career.

Another major reality in the 21st century job market is the volatility of corporate America. The cold hard truth is that business is moving much faster than it was in 1966. Jobs come and go, companies come and go, and products come and go at an accelerated pace. What this means for the workforce is more change. In my book “The 7 Things I Wish I Knew Before I Graduated,” I talk about this very issue. Those who aren’t afraid to change will never be unemployed.

Working toward retirement is not as sexy as it once was since the world of pensions and social security is no longer a possibility for workers in their 20s.

My uncle worked hard during his 40 years, he saw management come and go, he learned new skills, and he stayed valuable to his employer. That is a key that all of us need to take from this article. Weather or not you work for a company 40 years or 4 years you must stay valuable to that company in order for them to keep you around. What value do you bring to the company you work for or will work for? That is the question that the 21st century must continually ask itself in order to stay marketable.

If you are one of those few people who are trying to stay with the same company for their entire career God bless you because there aren’t many left. Also please email me; I would love to hear from you.

Author Bio
Justin Driscoll is the author of the 7 Things I Wish I Knew Before I Graduated. He helps individuals find their passion in life and not a job! For more information on his book and his speaking availability visit his web site, www.justindriscoll.net

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