In the past two weeks, three close colleagues in the “big” corporate world sent the dreaded email to me – “Wayne, I wanted to reach out to see how you might be able to help with my next job search and contacts as my job was just eliminated?” Their roles were Chief Financial Officer, Chief Marketing Officer and VP Sales (Pharma, Manufacturing and Banking industries). Downsizing, slow business growth and wage costs were the reasons for their new job searches.
With the changing marketplace that seems to move in multiple directions by the minute in our 24/7 consumer driven marketplace, considering career insurance just like any other insurance should be part of your life risk management plan. Career insurance comes down to having a contingency plan and specific additional income stream(s), (3-6 months of emergency cash on hand as well) to protect in the event of a loss of employment. Don’t get caught in a panic state, in the event of a job loss. Consider the pros and cons of a side business that “ you own”, compared to your employer owning you. Jack Welch’s famous quote states it perfectly, “Control Your Own Destiny or Someone Else Will”.
Recently, I was speaking with a good friend who was considering leaving his long-term employer (financial services industry) and starting a business around his life passion of wine. He has become quite the expert in the space and has a unique idea centered on education and an online inventory platform. From a 10,000-foot viewpoint his concept appears to offer value to the market and he has a following of fans that love his content within this wide space of the wine industry.
Outsourcing, the word so popular in the 1990’s and today everything is “disruption”. Two different things of course but have many crossovers to life and business.
“Storytelling is who we are”, Gallo
For those of you who are accountants or tax preparers, this is “hell week”. Hopefully, you have completed your tax returns or have a good idea of what payment to send along with your extensions. The week will be a blur for those of you in the profession and after 25 years doing tax work, it seems like the weekend will never arrive. Keep in mind, April 18th is the last day to file this year.
“If you do not change direction, you may end up where you are heading.” Lao Tzu
Most of us that are involved in sales spend too much time chasing opportunities that aren’t’ significant enough to make a difference in sales results. The key is to move sales efforts to selecting higher-value targets. Targets could be defined as key ambassador’s, center’s of influence, conferences and the big one – current clients. Each should be evaluated to eliminate the “black hole” of wasted time. To win the dream clients/relationships it comes down to nurturing relationships. It’s imperative to pursue them over time, playing the long game.
Getting the Yips is most commonly associated with sports such as golf or baseball. As Wikipedia defines Yips: the loss of fine motor skills in athletes. The condition occurs suddenly and without apparent explanation usually in mature athletes with years of experience. It is poorly understood and has no known treatment or therapy. Athletes affected by the yips sometimes recover their ability, which may require a changing technique. Many are forced to abandon their sport at the highest level.