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The Job Search Is Serious – Start Now, Don’t Ever Stop
By Jason Alba, Career Transition Editor
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Sound a little dramatic? Let me share part of my story. I’m sure that it’s not as bad as your story, but I’ll share it anyway.
I was a general manager of a small software/services company. We had a couple dozen employees, good clients, and software products that were maturing (and selling). I made decent money, although we were still living paycheck-to-paycheck (who doesn’t?).
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Jason’s story, that is in part told here. should serve as a wake up call to all those who are “in” but will SOON be “out”.
(Note “soon” is a relative term. I can’t tell you how long “soon” will be for you, but, I can assure you, it’s sooner than you think.)
My mantra is that you are only sure of the last paycheck that you have cashed. Have learned some of my lessons at the UOHK (University of Hard Knocks), I know that you better prepare for the day because it is coming. To do that, I have a monthly meeting with my imaginary Board of Directors. Questions for the CFO are:
* What is our “bear bones burn rate”(i.e., how much do we have to spend cutting out all the fat and frills)?
* How many months of “burning” do we have in our “war chest” (i.e., a dedicated account that’s our own personal unemployment insurance)?
* How many months will it take to go from “burning” back to “earning”? (n.b.: I’ve blogged and written on this estimate before. I can be a stunning number.)
* What are we doing to increase the reserve and decrease the “turnaround time”?
This article should be in every “in’s” inbox. It’s a wake up call. It will happen to you.
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Reinke Faces Life 