If you’ve seen the descriptions of the Transform Your Redundancy workshop, or read the “About Us” page on this site, you’ll know that I’m a veteran of no less than four redundancies. Some were more planned than others, but generally I didn’t have the luxury of applying for a voluntary package or planning my exit. Yet each time, I ended up in a better place than I started. Here’s how I did that.
Redundancy One:
The business I was working for unexpectedly lost a major chunk of business, so someone had to go. That was me. The company treated me very well, and when I asked to keep the car (a nice new Audi) & phone for a bit, they made that possible. As it was my first time through the redundancy loop, I also got an outplacement advisor. Lesson one: ask your ex-employer for what you want to make your transition easier. The worst they can say is ‘no’.
The outplacement advisor wasn’t bad – and certainly it was one of his suggestions that eventually got me my next job. I have to say he didn’t cover all the angles that Peter does, and it was all about “get another job quick” and not checking whether staying in the same career was right for me, like Peter does. Anyway, one of the suggestions was speculative approaches to other employers in the industry. It wasn’t easy – I spent hours poring over industry directories, and even going through the products in local DIY stores, scribbling down the addresses on the back of products I thought I could sell with confidence. Lesson 2: finding your next position is a full-time job, and it’s hard work.
Net result: a choice of two jobs, both paying more and offering more freedom that I’d had before. 30% increase in income, and I still got to drive an Audi.
Redundancy Two:
The company was trundling along reasonably happily when it’s credit line got cut off, almost overnight. 5 days to repay $1.8m USD, or it’s the receivers. It was the receivers. Fortunately, there was a big industry player in the wings, (conveniently?) ready to buy up the stock, and after a few weeks in administration, the stock was sold and the new company took up all the supply contracts. And they needed people to run them – including me.
Now, here’s where I made a mistake – I took my eye off the ball during those couple of weeks, assuming I was going to need to find a new job myself, so I didn’t look after my old customers very well. That made my life a lot harder later on in this saga, and probably cost me a bigger career advancement than I got. Nonetheless, I was well enough regarded in the major customer account that the new company was told they’d be stupid not to try to get me to join them. Lesson 3: Don’t assume all’s lost. and Lesson 4: Stay focused on your industry relationships during any period of uncertainty.
Net result: new job with a much bigger company, more responsibility, bigger deals, better resources. I did have to drive a Rover for a while though.
Redundancy Three:
The arrival of a new director who I didn’t get on with, some health issues, and a reorganisation meant that I became surplus to requirements. This is probably the only redundancy that I felt was personal. I negotiated to keep the car, transfer the mobile number, and get some outplacement (lesson 1 again – ask for what you need). This time, the consultant took some time to understand where I wanted to go next, with the conclusion that a more involved role with a smaller company would suit my aspirations best. With that in mind, all my job search was centred around more obscure adverts – this was before job boards really became popular – and industry contacts. It was through those that I got an inside track on what a particularly obscure job ad was about (I think it said something like ‘great opportunity with small importer for the right person’). So I was able to pitch my CV and my interview right to appeal to the owner, who became my new boss. Lesson 5: use your network for industry knowledge
Net result, more money, more responsibility, General Manager role. And a lovely silver Mercedes CLK to drive.
Redundancy Four:
Competitor activity, a shrinking market and a lack of cash meant we had to retrench hard. The choice was lose a salesman, or lose me. That would have meant me going on the road to replace him, and I’m no salesman! So the owner stepped back into the GM role, and I was set free again. This time I took the hint the universe was giving me, and set up on my own – starting as a Key Accounts strategist, that soon morphed into what I’m doing now, helping owner-managers work out which opportunities to focus their time, effort, money and resources on.
Net result: I don’t always earn as much as I did in my employed roles, and the income’s certainly not as regular. I’ve worked in grotty little storerooms and in amazing offices overlooking the Thames. I’ve slugged up to London in the commuter crush, and I’ve flown across the world to deliver workshops in Malaysia, Singapore & Hong Kong. I get to drive a V6 Jaguar (do you sense cars are important to me?
) And most importantly, I’m really engaged in my work, and I help real people make a real difference to their real lives.
Lesson 6 – another job isn’t always the best option!
Conclusion:
I’m happy with where I’ve got to – and there were some pretty rough moments on the journey. I’m pretty sure I could have got here quicker, and be further forward with the right advice. That’s why I’m so delighted to be teaming up with Peter for these workshops – I know if I’d had Peter as my career consultant when I was faced with redundancy, I’d have got it even more right.
And most importantly, we both share a passion for helping you do what you love for a living, and make a living doing what you love.