Managing Your Career
with Estelle Rauch, LSCW, CGP
Recently out-of-work professionals over forty-five have found themselves under exceptional stress. They have typically been high performers and spent accordingly. They have families to support, and often high mortgages and other financial commitments eating into savings. The latest AARP magazine reports this group, finding jobs very hard to get, are increasingly venturing into the self-employment world, which we all know poses its own hazards.with Estelle Rauch, LSCW, CGP
What skills and resources are required to make this shift? Even the highly motivated must face his need for upgrading skills, for making some financial investment, for tolerating a significant period in which he is not likely to see income. He must be realistic about his skills, but also be able to read the market: is there a real need for his product or service? Does he know anything about merchandising? About using the internet to expand contacts? Psychologically used to being in charge of others, he now is faced with needing to ask for help himself, and often from younger people. What is his capacity to emotionally cope with this new reality?
During this venture, what emotional and financial support can this person count on from his family? Their response to the family crisis is high up on the factors impinging on outcome of any new venture.
But with all these caveats, self-employment can be freeing, creative, energizing.
For more information, please visit Estelle's TNNW Bio.
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1 comment:
In response to Estelle Rauch's article, I think people, especially today who are facing unemployment should seriously consider becoming entrepreneurs. For those who are 45 plus, they offer valuable experience that can be sold. For example, I just met someone who is an expert in productivity. They will work with a small business owner to help them organize their prospects, clients, referral partners, and integrate their address book with existing auto-responders, shopping carts, CRM applications, etc., -- this person can save someone valuable time and money.
My parents lived during the Depression. Instead of waiting for someone to offer them a job (which at that time was over 25% unemployment) -- they took a look around and started their own business. I think individuals today who have been affected by the economy can still prosper, if they take a look around and see what the needs might be. Also, looking around for people who have skills that they don't have, and partnering with those folks can help improve their odds for success. So for example, if someone is strong in sales & marketing, but not operations -- find someone who is strong in that. Or similarly IT.
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