Time to Move On?
Why are you staying?
Inertia. Inertia is a dangerous thing. You might be saying:
- Been here too long to just leave.
- To valuable to let go.
- Need to wait for the next package to come along.
Or, are you just too comfortable in your position, and to move on would be a lot of work?
Either reason is dangerous. In most cases, you probably have not yet formulated a Plan B.
I am currently working with a gentleman who has worked for a large technology company for over 30 years. Last year, everyone on his team was offered an early retirement package. My client turned the offer down.
The problem was that everyone else on his team took the package! His boss even took the package.
He is now doing the work of four and, best he can tell, there are no plans to backfill the other positions.
He has been offered a generous retirement package again.
Is it time to move on? You tell me!
I just talked with a nice lady today who has been programming IBM mainframes for the same company for 20 years. Her employer has rarely laid anyone off. The plan is to migrate off the IBM mainframe over the next few years.
She is being offered opportunities to learn new programming technologies, but none of them excite her. Given the choice, she does not know what she wants to do. She is in her early 50s and feels very vulnerable.
It is time to move on! The problem is what to move on to.
18-24 Month Plan
She is like several clients that I have whose time to move on is very near. With each of these clients, we are putting together an 18-24 month plan. They know the future lies in working for themselves in one way or another. That plan includes:
- Performing market research on starting a business, freelancing or finding multiple employers that would be interested in their services on a contract basis
- Creating the business plans for the next step
- Establishing their business on paper as either an LLC, LLP, S-Corp or C-Corp
- Creating a budget and allocating resources
You are probably saying, “How will I do all that?” I am sending all of them to their local Small Business Development Center for help! These centers are funded by the U.S. Small Business Administration (SBA) and are FREE!
When the time comes that they are approached with a business opportunity or told by their current employer that their services are no longer needed, they will be ready.
They are emotionally and financially ready, with a business plan.
It is the third piece that is really crucial.
When I started Career Pivot, I had my business plan in place. I knew the financials. I am a recovering engineer, so I had everything logically laid out.
That still did not stop me from waking up at 3 AM every morning in a sweat thinking, I do not have a paycheck.
Being ready emotionally, when the time to move on comes, is critical.
Are you going to be prepared when the time is right to move on?
This post is part of a weekly series on the Personal Branding Blog.
You can read the original post on the Personal Branding Blog.Marc Miller
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