What’s the saying, When one door closes, another opens. Well after 20+ years last week I had a door close, unexpectedly. It closed on a career that has been very good to me and my family. Now they question is standing at the career path fork in the road which way do I head?
Having a back up plan or a plan B when it comes to employment was something I have given much thought about this year. Posting about it just a few months ago, needless to say it has been a slow process for me. We have our e-fund in place. I’ve been searching for the money-making side hustle. I have the blog and recently have gotten involved volunteering my time in our local community promoting financial literacy, but neither make as significant money. It’s certainly on the forefront of my thinking in the last few days and may shape my decision going forward.
Leveraging my Network
I took a day or two to regroup after the news last week. Nothing major just focused on some things on my to-do list before I started to make contact with my network. The good news is after working for 20 years I have built a pretty large network. I spoke with some close friends and associates who have been through similar situations and received some good advice.
10% – That’s the percentage of people who you can expect to actually help you or hear from in a situation like this. This was an eye opener, but seems to be holding true.
Be Specific – When contacting you network for help, just don’t say I’m looking for work. Be specific in you request, can you put me in touch with the HR person that does hiring, or in contact at this company I’d like to work with them.
So far this week I have several meeting set up and an interview, so the wheels of the network are in motion.
Redefining my Career
I certainly want to get back to work as soon as possible. Being able to bank any severance cash would be a great thing, the question is do I want to return to the world of operations, 1000 e-mails a day, the crazy hours, and the unsettled work/life balance. It is the easiest way to maintain my 6 figure income. I’m just not sure I want to do that for another 15-20 years. Could I use savings to take a chance to try to build something new, maybe something on my own or in a totally difference career direction. That’s what I’m going to explorer in the next few weeks.
Have you ever been in this situation, if so how did you handle it? Faced with a career decision today would go with something you know or try something new? All advice welcome.